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GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2208 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45

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04 Jan 2007, 11:24
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!!!

Kudos [?]: 2208 [0], given: 7

Senior Manager
Joined: 15 Jul 2006
Posts: 381

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

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04 Jan 2007, 11:42
you may be able to write it off as a busienss expense (your suit I mean)

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

GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2208 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45

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04 Jan 2007, 12:01
EconGirl wrote:
you may be able to write it off as a busienss expense (your suit I mean)

nope, you can't.

Kudos [?]: 2208 [0], given: 7

Director
Joined: 07 Jun 2006
Posts: 513

Kudos [?]: 146 [0], given: 0

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06 Jan 2007, 14:23
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]

Kudos [?]: 146 [0], given: 0

Director
Joined: 16 Aug 2005
Posts: 937

Kudos [?]: 30 [0], given: 0

Location: France

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06 Jan 2007, 16:13
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!

Kudos [?]: 30 [0], given: 0

Manager
Joined: 08 Mar 2005
Posts: 93

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

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10 Jan 2007, 21:11
sounds like a mastercard commercial

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

Manager
Joined: 25 Sep 2006
Posts: 248

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

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11 Jan 2007, 08:43
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

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

VP
Joined: 15 Jun 2006
Posts: 1124

Kudos [?]: 45 [0], given: 0

Schools: Chicago Booth

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12 Jan 2007, 04:32
rhyme wrote:

Where do you people shop for suits?

Huh? Benetton!

Kudos [?]: 45 [0], given: 0

VP
Joined: 15 Jun 2006
Posts: 1124

Kudos [?]: 45 [0], given: 0

Schools: Chicago Booth

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12 Jan 2007, 04:34
sujith wrote:
sounds like a mastercard commercial

"Getting acceptance phone call - priceless"

Kudos [?]: 45 [0], given: 0

Manager
Joined: 06 Feb 2006
Posts: 223

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

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12 Jan 2007, 12:55
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

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

Director
Joined: 07 Jun 2006
Posts: 513

Kudos [?]: 146 [0], given: 0

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15 Jan 2007, 20:26
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

Kudos [?]: 146 [0], given: 0

GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2208 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45

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15 Jan 2007, 20:36
bhahhaahah....

Kudos [?]: 2208 [0], given: 7

Director
Joined: 16 Aug 2005
Posts: 937

Kudos [?]: 30 [0], given: 0

Location: France

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16 Jan 2007, 06:16
woohoo!!! we gotta make a gallery out of your brilliant cartoons!
_________________

I believe its yogurt!

Kudos [?]: 30 [0], given: 0

VP
Joined: 11 Dec 2006
Posts: 1430

Kudos [?]: 223 [0], given: 6

Location: New York, NY
Schools: NYU Stern 2009

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16 Jan 2007, 09:04
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.

Kudos [?]: 223 [0], given: 6

VP
Joined: 20 Sep 2005
Posts: 1016

Kudos [?]: 38 [0], given: 0

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16 Jan 2007, 09:38

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

Kudos [?]: 38 [0], given: 0

Senior Manager
Joined: 08 Aug 2006
Posts: 346

Kudos [?]: 28 [0], given: 0

Location: San Francisco
Schools: Berkeley Haas

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16 Jan 2007, 09:58
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

Kudos [?]: 28 [0], given: 0

Manager
Joined: 04 Aug 2006
Posts: 117

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

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16 Jan 2007, 15:30
Rhyme,
Pardon my lack of knowledge about tax filing.

But can we file deductions based on application fees for all the unversities?
Thanks,

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

SVP
Joined: 01 Nov 2006
Posts: 1855

Kudos [?]: 210 [0], given: 2

Schools: The Duke MBA, Class of 2009

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16 Jan 2007, 15:37
Hindustan -

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

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!

Kudos [?]: 210 [0], given: 2

Current Student
Joined: 29 Jan 2005
Posts: 5201

Kudos [?]: 437 [0], given: 0

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03 Feb 2007, 05:42
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!)

Kudos [?]: 437 [0], given: 0

GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2208 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45

### Show Tags

03 Feb 2007, 09:29
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.

Kudos [?]: 2208 [0], given: 7

03 Feb 2007, 09:29

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