Grossmont College Mathematics Analyzing the Davidsons Family Budget Discussion

Overview

Discussion: Analyzing the Davidson's Family Budget

This week in section 4A we completed the Davidson's Family budget. For the discussion this week, I want to share your findings.

To complete your discussion you must first complete the budget in Lecture Notes 4A. Then address the following:

1. What was the original (status quo) net monthly cash flow for the Davidsons?

2. What percent of their monthly gross income is dedicated to the combination of their mortgage, homeowner’s insurance, and county property taxes? What do financial experts recommend as a maximum percentage?

3. What percent of their monthly gross income is dedicated to vehicle expenses?

4. List some of your creative but realistic recommended changes to their budget.

5. Reflect on the personal impressions you had as you put together the Davidson’s original budget and how this activity might impact your future financial decisions.