Sheets to Peterhead, Scotland~Budget

Monthly Categories House & Utilities Maintenance & Repairs Council Tax Gas/Electricity Rent-Home Rent-Office (in the home) Internet Service/ AOL Phone/ B.T. Local Phone/ Mobiles Vonage ($24) TV Licence Fee Annual Monthly Annual Amount () Amount () Amount ($) Amount ($) exchange rate: 1.65 50 600 188 2256 150 1800 700 8400 200 2400 25 300 25 300 40 480 15 180 10 120 1,403.0 16,836.0

House Total
Car: Running & Maintaining: Family Car Payment Petrol (gas) Repairs/Servicing 2nd Car Payment Petrol (gas)

250 200 50 100 100

3000 2400 600 1200 1200

Car Total
Church: Church Giving Ministry Resource/Supplies Library Fund Hospitality Correspondence

700.00 8400.00

400 150 100 100 50

3600 1800 1200 1200 600

Church Total
Household: Clothing/ shoes/school uniforms Food: Dining Out Food: Groceries Gifts: Birthdays/Xmas/weddings. Household cleaning etc. Personal Hygene/up-keep

800

8400

100 100 300 100 25 30

1200 1200 3600 1200 300 360

Household Total
Insurance: Car Home/Contents Life/Mortgage

655

7860

60 45 90

720 540 1080

Insurance Total
Taxes: Income Tax National Insurance

195

2340

would we pay British taxes or USA taxes??? 350 15 4200 180

Taxes Total
Family: Family outings Vacation (1 week) Marriage Enrichment

365.00 4,380.00

50 100 100

600 1200 1200

Family Total
Community Outreach:

250

3000

Community Center Family Pass Symposium -- part of community Childrens extra-curricular activities Sky TV (for events in our home) Haddo Choir (Daisha)

35 60 50 50 10

420 720 600 600 120

Community Outreach Total

Savings: Emergency Fund Gideon's Education Naomi's Education "Retirement"/Security/Next Field General Savings

205

2460

100 200 200 400 100

1200 2400 2400 4800 1200

Savings Total
Debt: JR's HST School Loans--$25K total (this would pay off the school debt in 2 years)

1000

12000

600

7200

TOTAL

72,87 6
67,056 if cars are bought out-right

#######

BPS Start up Costs: Family Car: 2nd (small) car: Scooter Furniture Soft Furnishings Appliances Shiping one crate 4 one-way tickets Visas 12,000 500 6,000 1,000 3,000 2,300 800 26,000

Dollars

$43,000 with buying cars in full $24,000 w/o

14,000

indicates "Work Fund"

JR, Daisha, Gideon Naomi~Scotland Budget

This is our budget with the information we currently have. I have been doing research all week as to cost of individual items as well as into set-up costs. I have asked ministers in the UK as well as here for clarification of "work fund" and cost of living.

One of our values for the church in Peterhead is to become self-sustaining. Toward that end, as JR has already discussed with the men there, at YEAR 5 we will re-evaluate to determine if the congregation is ready to assume financial responsibility of the Work Fund (at least on a sliding scale).

Year 1 and 2 have their own sheet due to the school loans we have taken out to help finance JR's M.Div. degree. We would like to pay this off aggressively, similar to the way we paid off the medical bills from Gideon's birth. We have never, and never intend to, "live high on the hog". I have provided a "comparison sites and stats" sheet so that those reading this budget can gain perspective on the comparative prices of everyday items. Keep in mind the exchange rate from pounds() to dollars($) is approximately 1.6 (that is, 1=$1.60)

Jr, Daisha, Gideon Naomi Sheets~Scotland

ET UP COST (including a downpayment on house if we go that route): $110 Note: These figures would be reduced if we rented and if automobile was put on paymen BPS() Dollars($) Start up Costs: House Down-Payment (20%) 30K -40K $50K-$66K
It is a "buyer's market" and to get a house big enough to be able to accommodate JR's office, all the guests we will have staying with us, and be a hub for our community-building, a mortgage payment will be 70% of the monthly cost of RENT.

Family Car: 2nd (small) car: Scooter Furniture Soft Furnishings Appliances/tools/outdoor equip. Shiping one crate 4 one-way tickets Visas

12,000 used with seating for 7? 500 used 7,000 2,000 4,000

3,000 we are looking for other shipping rates 2,300 800 31,600 $52,800 ~32K with buying cars in full

payment per month in BPS

Owning: Renting:

600 for 10 years 72 K 900 for 10 years 110 K

plus down-payment ~112K (total) You get the $$$ back when we move!! assuming there is only one place rented
This number goes up if there are multiple moves.

Pluses for Buying: Setting down Roots cheaper monthly expense Get money back at the end b/c of the investment less moving around while there

JR, Daisha, Gideon Naomi Sheets~Scotland

Monthly Categories House & Utilities Maintenance & Repairs Council Tax Gas/Electricity Mortgage/Rent Internet Service/ AOL Phone/ B.T. Local Phone/ Mobiles Vonage ($24) TV Licence Fee Annual Totals () Annual Amount ($) Amount () Amount () 50 188 150 600 25 25 40 15 10 600 2256 1800 7200 300 300 480 180 120

House Total
Car: Running & Maintaining: Petrol (gas) Repairs/Servicing

1103

13236

13,236

$21,875

200 50

2400 600

Car Total
Church: Church Giving

250

3000

3,000

$4,950

400

3600

Church Total
Household: Clothing/ shoes/school uniforms Food: Dining Out Food: Groceries Gifts: Birthdays/Xmas/wedding s. Household cleaning etc. Personal Hygene/upkeep

400

4800

4,800

$7,920

100 100 300

1200 1200 3600

100 25 30

1200 300 360

Household Total
Insurance: Car Home/Contents Life/Mortgage

655

7860

7,860

$12,970

60 45 90

720 540 1080

Insurance Total

195

2340

2,340

$3,865

would we pay British taxes or USA taxes??? Taxes: Income Tax 350 4200 National Insurance 15 180

Taxes Total
Family: Family outings Vacation (1 week) Marriage Enrichment

365

4380

4,380

$7,230.00

50 100 100

600 1200 1200

Family Total

250

3000

3,000

$4,950

Savings: Emergency Fund Gideon's Education Naomi's Education "Retirement"/Security/Ne xt Field General Savings

100 200 200 400 100

1200 2400 2400 4800 1200

JR, Daisha, Gideon Naomi Sheets~Scotland

Savings Total
Debt: JR's HST School Loans-$25K total (this would pay off the school debt in 2 years)

1000

12000

12,000

$19,800

600

7200

TOTAL

50,616

$83,560
$ 100,400.00 paying off school debt quickly

Jr, Daisha, Gideon, and Naomi Sheets~Scotland

Categories House & Utilities Maintenance & Repairs Council Tax Gas/Electricity Mortgage/Rent Internet Service/ AOL Phone/ B.T. Local Phone/ Mobiles Vonage ($24) TV Licence Fee

Monthly Amount () 50 188 150 600 25 25 40 15 10

Annual Amount () 600 2256 1800 7200 300 300 480 180 120

Totals ()

Annual Amount ($)

House Total
Car: Running & Maintaining: Petrol (gas) Repairs/Servicing

1103

13236

13,236

$21,875

200 50

2400 600

Car Total
Church: Church Giving

250

3000

3,000

$4,950

400

3600

Church Total
Household: Clothing/ shoes/school uniforms Food: Dining Out Food: Groceries Gifts: Birthdays/Xmas/wedding s. Household cleaning etc. Personal Hygene/upkeep

400

4800

4,800

$7,920

100 100 300

1200 1200 3600

100 25 30

1200 300 360

Household Total
Insurance: Car Home/Contents Life/Mortgage

655

7860

7,860

$12,970

60 45 90

720 540 1080

Insurance Total

195

2340

2,340

$3,865

would we pay British taxes or USA taxes??? Taxes: Income Tax 350 4200 National Insurance 15 180

Taxes Total
Family: Family outings Vacation (1 week) Marriage Enrichment

365

4380

4,380

$7,230.00

50 100 100

600 1200 1200

Family Total

250

3000

3,000

$4,950

Savings: Emergency Fund Gideon's Education Naomi's Education "Retirement"/Security/Ne xt Field General Savings

100 200 200 400 100

1200 2400 2400 4800 1200

Savings Total

1000

12000

12,000

$19,800

Jr, Daisha, Gideon, and Naomi Sheets~Scotland

TOTAL

50,616

$83,560

Sheets Work Fund~Scotland

Monthly Amount () Annual Amount () Monthly Annual Amount ($) Amount ($) exchange rate: 1.65

Categories

Rent-Office (in the home) 2nd Car Payment Petrol (gas) Ministry Resource/Supplies Library Fund Hospitality Correspondence Community Outreach: Community Center Family Pass Symposium -- part of community Childrens extra-curricular activities Sky TV (for events in our home) Haddo Choir (Daisha)

100 150 100 100 50

1200 1800 1200 1200 600

35 60 50 50 10

420 720 600 600 120

8460

$14,000

Return Home every other year

1,220

2,000

Cost of Living in UK vs. US

http://www.usa-vs-uk.com/houses.html

contrasts housing costs

Grocery prices gathered from ASDA.com (the UK version of Wal-Mart)--Nov. 2011 in Scotland equivalent in US

Cost Comparison:
Gas ("Petrol") 2 liter of Coke Half Gallon of Milk 1 whole raw chicken (almost 3 lbs.) 1 can of Pringles Eggs (large, fresh) 1 dozen

UK Pounds
1.39 a liter 1.78 1.18 4.28 per kg 2.49 3.06 89 (on Amazon.co.uk)

US Dollars
$8.50 a gal. $2.94 $1.95 $7.62 $4.11 $5.05

Kindle ($79 on US Amazon) Example of auto sold in both countries (here-$25,700) These items are just for comparrison. What amazes me most is when we have an item here, that we get significantly cheaper EVEN WITH leaving room for the exchange rate.

$146.85

21,995

$36,292