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GMAT Club Legend
GMAT Club Legend
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Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 256

Kudos [?]: 1580 [0], given: 7

Premium Member
 [#permalink] New post 04 Jan 2007, 10:24
aaudetat wrote:
Rhyme -

I haven't double-checked the exact figures, but you've got the idea.

But don't worry your pretty little head. The Schedule A - and many other aspects of our regressive tax code - will take care of you high rollers.



Schedule A baby!!!
Senior Manager
Senior Manager
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Joined: 15 Jul 2006
Posts: 381
Followers: 1

Kudos [?]: 1 [0], given: 0

 [#permalink] New post 04 Jan 2007, 10:42
you may be able to write it off as a busienss expense (your suit I mean)
GMAT Club Legend
GMAT Club Legend
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Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 256

Kudos [?]: 1580 [0], given: 7

Premium Member
 [#permalink] New post 04 Jan 2007, 11:01
EconGirl wrote:
you may be able to write it off as a busienss expense (your suit I mean)


nope, you can't.
Director
Director
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Joined: 07 Jun 2006
Posts: 513
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Kudos [?]: 80 [0], given: 0

 [#permalink] New post 06 Jan 2007, 13:23
hmm..wonder how I missed this thread.

Let's see..

1. GMAT - 250$
2. All the books - around 250$ but I recover almost all of it via eBay ;) so actual spend is about 50-60$
3. Application - only INSEAD - ~300$
4. Interview was 10 minutes from home, and the 2nd interviewer bought the lunch :)
5. Some cheap-ass blazer (I've never worn suits in my life) 120$

That sums it up - 720$.

If INSEAD dings me - I'll spend some on IMD, and a remote chance for LBS Sloan Fellowship MSc.. not sure on that.[/img]
_________________

http://onwardtomba.blogspot.com - MBA, GMAT, INSEAD - the journey.
My 7 GMAT Quant Strategies/Trap
My GMAT Debrief

Director
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Joined: 16 Aug 2005
Posts: 950
Location: France
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Kudos [?]: 8 [0], given: 0

 [#permalink] New post 06 Jan 2007, 15:13
hey necromonger, can we get another cartoon from you? you can pick the topic...just need a break from waiting to hear, or should I say pants-pooping :)

Gmat exam $500
Gmat Books $300
Visiting schools $600
Application Fees ~ $1000
Time missed at work ~ $3000

Total $5400
_________________

I believe its yogurt!

Manager
Manager
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Joined: 08 Mar 2005
Posts: 93
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Kudos [?]: 0 [0], given: 0

 [#permalink] New post 10 Jan 2007, 20:11
sounds like a mastercard commercial
Manager
Manager
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Posts: 248
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 [#permalink] New post 11 Jan 2007, 07:43
I think I have one of the cheapest costs also:

GMAT Books: Free (borrowed outdated books from other friends)
GMAT $250
Apps to 4 schools: ~$700
Transcripts & scores: ~$100
New suite: $199

Total for now: $1249
VP
VP
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Posts: 1124
Schools: Chicago Booth
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 [#permalink] New post 12 Jan 2007, 03:32
rhyme wrote:

Where do you people shop for suits?



Huh? Benetton! :lol: :lol: :lol:
VP
VP
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Schools: Chicago Booth
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Kudos [?]: 39 [0], given: 0

 [#permalink] New post 12 Jan 2007, 03:34
sujith wrote:
sounds like a mastercard commercial


:lol:

"Getting acceptance phone call - priceless"
Manager
Manager
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Joined: 06 Feb 2006
Posts: 223
Followers: 2

Kudos [?]: 4 [0], given: 0

 [#permalink] New post 12 Jan 2007, 11:55
GMAT: 500
Toefl: 600 (hic, I had problems with it)
Books: 200
trips: 3000 (I visited 10 schools. Such a deal)
App fee: 1000
Sickness medicine when study for GMAT and writing essays: 400
Sickness medicine when interviewed: 300

Total: 6000
Director
Director
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Joined: 07 Jun 2006
Posts: 513
Followers: 10

Kudos [?]: 80 [0], given: 0

 [#permalink] New post 15 Jan 2007, 19:26
alright, gmat,

here you go - as we wait for results.

Image


gmatmba wrote:
hey necromonger, can we get another cartoon from you? you can pick the topic...just need a break from waiting to hear, or should I say pants-pooping :)

Gmat exam $500
Gmat Books $300
Visiting schools $600
Application Fees ~ $1000
Time missed at work ~ $3000

Total $5400

_________________

http://onwardtomba.blogspot.com - MBA, GMAT, INSEAD - the journey.
My 7 GMAT Quant Strategies/Trap
My GMAT Debrief

GMAT Club Legend
GMAT Club Legend
avatar
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 256

Kudos [?]: 1580 [0], given: 7

Premium Member
 [#permalink] New post 15 Jan 2007, 19:36
bhahhaahah....
Director
Director
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Joined: 16 Aug 2005
Posts: 950
Location: France
Followers: 1

Kudos [?]: 8 [0], given: 0

 [#permalink] New post 16 Jan 2007, 05:16
woohoo!!! we gotta make a gallery out of your brilliant cartoons!
_________________

I believe its yogurt!

VP
VP
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Joined: 11 Dec 2006
Posts: 1430
Location: New York, NY
Schools: NYU Stern 2009
Followers: 38

Kudos [?]: 219 [0], given: 6

 [#permalink] New post 16 Jan 2007, 08:04
fluffydot wrote:
I think I have one of the cheapest costs also:

GMAT Books: Free (borrowed outdated books from other friends)
GMAT $250
Apps to 4 schools: ~$700
Transcripts & scores: ~$100
New suite: $199

Total for now: $1249


And if you take out the sofa it is nearly a round grand.

I reckon I will be about $1000 at the end of it, probably nearer $700 (1 GMAT, 3 Apps, some books)

I am going to be screwed when it comes down to interviews if they are on-campus though.
VP
VP
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Joined: 20 Sep 2005
Posts: 1023
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Kudos [?]: 24 [0], given: 0

 [#permalink] New post 16 Jan 2007, 08:38
:) :) :) :) :) :) :)

necromonger wrote:
alright, gmat,

here you go - as we wait for results.

gmatmba wrote:
hey necromonger, can we get another cartoon from you? you can pick the topic...just need a break from waiting to hear, or should I say pants-pooping :)

Gmat exam $500
Gmat Books $300
Visiting schools $600
Application Fees ~ $1000
Time missed at work ~ $3000

Total $5400
Senior Manager
Senior Manager
User avatar
Joined: 08 Aug 2006
Posts: 346
Location: San Francisco
Schools: Berkeley Haas
Followers: 3

Kudos [?]: 12 [0], given: 0

 [#permalink] New post 16 Jan 2007, 08:58
Code:
apps                  $800
GMAT                  $250
GMAT books            $50  (sold em after test)
TOEFL                 $150
transcript delivery   $200
essay editing         $200
----------------------------
TOTAL                 $1650


I'm a cheapo as well. However, the show is not over - suit expenses are still quite possible :)
Manager
Manager
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Joined: 04 Aug 2006
Posts: 117
Followers: 1

Kudos [?]: 1 [0], given: 0

 [#permalink] New post 16 Jan 2007, 14:30
Rhyme,
Pardon my lack of knowledge about tax filing.

But can we file deductions based on application fees for all the unversities?
Thanks,
SVP
SVP
User avatar
Joined: 01 Nov 2006
Posts: 1855
Schools: The Duke MBA, Class of 2009
Followers: 16

Kudos [?]: 180 [0], given: 2

 [#permalink] New post 16 Jan 2007, 14:37
Hindustan -

Don't talk to Rhyme. I'm the tax goddess in these parts.

Unfortunately, application fees won't help you out on your tax returns.

Later - maybe tonight or tomorrow - I will start a new thread on finances and taxes (I am a financial counselor and run a tax clinic for low-income filers). Stay tuned for more exciting detail!
Current Student
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Joined: 29 Jan 2005
Posts: 5252
Followers: 23

Kudos [?]: 140 [0], given: 0

Reviews Badge
 [#permalink] New post 03 Feb 2007, 04:42
fluffydot wrote:

New suite: $199



I'm in the market for one of those right now, but looking to spend upwards of $199,000. Add that to the total cost (GMAT+MBA) and I become the official GMATClub CHA-CHING debt KING. :(

New condo: $225,000
Forgone wages: $175,000
Tuition: $50,000
This month's visit to XYZ: $3000
Kaplan: $1200
Books, CDROMs, other online materials: ~$1000
GMAT (x4): $1000
Initial school visits in 2004 and 2005: $5000 (x2)
Lost wages during vists: $15,000
Insurance: $10,000
Wife's green card paperwork and embassy visits: $2000
Family visit to Asia: $5000
Anticipated birth of first child between B1 and B2: $6000
Living Expenses for 21 months: $31,000
----------------------------------------------------------------
Sub Total: $535,000 (and that's riding a bicycle to school everyday!)
GMAT Club Legend
GMAT Club Legend
avatar
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 256

Kudos [?]: 1580 [0], given: 7

Premium Member
 [#permalink] New post 03 Feb 2007, 08:29
GMATT73 wrote:
fluffydot wrote:

New suite: $199



I'm in the market for one of those right now, but looking to spend upwards of $199,000. Add that to the total cost (GMAT+MBA) and I become the official GMATClub CHA-CHING debt KING. :(

New condo: $225,000
Forgone wages: $175,000
Tuition: $50,000
This month's visit to XYZ: $3000
Kaplan: $1200
Books, CDROMs, other online materials: ~$1000
GMAT (x4): $1000
Initial school visits in 2004 and 2005: $5000 (x2)
Lost wages during vists: $15,000
Insurance: $10,000
Wife's green card paperwork and embassy visits: $2000
Family visit to Asia: $5000
Anticipated birth of first child between B1 and B2: $6000
Living Expenses for 21 months: $31,000
----------------------------------------------------------------
Sub Total: $535,000 (and that's riding a bicycle to school everyday!)


I don't know where XYZ is, but this:

Living Expenses for 21 months: $31,000

Seems way way low to me. Thats less than $1500 a month, and unless XYZ is in a really small town where things are cheap, thats low.
  [#permalink] 03 Feb 2007, 08:29
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