budgeting for your future…
DESCRIPTION
Budgeting for Your Future…. Ms. Smith Personal Finance. Would you like to live in an:. Apartment Condominium Townhouse. Would you like to dine out:. Hardly ever 2-4 times a week 5-10 times a week. Will you go clothes shopping:. Once a month Three times a month - PowerPoint PPT PresentationTRANSCRIPT
Budgeting for Budgeting for Your Future…Your Future…Ms. SmithPersonal Finance
Would you like to live in an:
a. Apartmentb. Condominiumc. Townhouse
Would you like to dine out:a. Hardly everb. 2-4 times a weekc. 5-10 times a week
Will you go clothes shopping:a. Once a monthb. Three times a monthc. Five or more times a month
Will your telephone service include:
a. No primary telephoneb. Basic servicec. Basic service + long-distance calling
Will you drive a:a. Neon/ Ford Focusb. Grand Prix/ Mini Vanc. Sports car/ SUV
Would you like to drive a:a. Brand new carb. 2-6 year old carc. 6+ year old car
Will you charge:a. Many expensesb. Some expensesc. Very few expenses
Will you have:a. Basic cableb. Basic + movie channelsc. Direct TV
Will you go to the movies:a. Once a monthb. Twice a monthc. Once a week
Will you have the Internet:a. Nob. Dial-upc. Cable/ high speed
Will you have a cell phone:a. Nob. Basic low minute planc. Unlimited plan/ optionsd. Primary line
When buying personal items, you buy:a. Name brandsb. Sale brandsc. Store brands
When giving gifts during the holidays, you:a. Buy a couple modest giftsb. Buy for immediate family, spending a
good amount of moneyc. Give extravagant gifts to everyone
you know!
On a monthly basis, you plan to:a. Put some money into a savings
accountb. Save a ½ of your disposable income,
plus invest in stocksc. Save most of your disposable income,
while investing the remainder in stocks
Now let’s see how much your monthly expenses
will be!• Be sure to record the following
expenses in your worksheet.
Rent/ Mortgage:a. Apartment
0 $800.00
b. Condominium0 $1000.00
c. Townhouse0 $1500.00
Utilitiesa. Apartment
0 $200.00
b. Condominium0 $300.00
c. Townhouse0 $400.00
Groceries:a. Hardly ever
0 $500.00
b. 2-4 times a week0 $400.00
c. 5-10 times a week0 $300.00
Clothing:a. Once a month
0 $50.00
b. Three times a month0 $150.00
c. Five or more times a month0 $250.00
Telephone:a. No primary telephone
0 $0.00
b. Basic service0 $20.00
c. Basic service + long-distance calling0 $40.00
Car Payment:a. Neon/ Ford Focus
0 $250.00
b. Grand Prix/ Mini Van0 $350.00
c. Sports car/ SUV0 $450.00
Car Insurance:a. Neon/ Ford Focus
0 $75.00
b. Grand Prix/ Mini Van0 $100.00
c. Sports car/ SUV0 $125.00
Gasoline:a. Neon/ Ford Focus
0 $100.00
b. Grand Prix/ Mini Van0 $200.00
c. Sports car/ SUV0 $300.00
Auto Repairs:a. Brand new car
0 $25.00
b. 2-6 year old car0 $50.00
c. 6+ year old car0 $75.00
Miscellaneous:a. Many expenses
0 $150.00
b. Some expenses0 $100.00
c. Very few expenses0 $50.00
Cable Television:a. Basic cable
0 $75.00
b. Basic + movie channels0 $100.00
c. Direct TV0 $125.00
Entertainment:a. Once a month
0 $20.00
b. Twice a month0 $40.00
c. Once a weeka. $80.00
Miscellaneous:a. No
0 $0.00
b. Dial-up0 $20.00
c. Cable/ high speed0 $40.00
Miscellaneous:a. No
0 $0.00
b. Basic low minute plan0 $40.00
c. Unlimited plan/ options0 $70.00
d. Primary line0 $100.00
Personal Care:a. Name brands
0 $60.00
b. Sale brands0 $40.00
c. Store brands0 $20.00
Gifts/ Donations:a. Buy a couple modest gifts
0 $75.00
b. Buy for immediate family, spending a good amount of money
0 $150.00
c. Give extravagant gifts to everyone you know!
0 $225.00
Other/ Savings:a. Put some money into a savings account
0 $100.00
b. Save a ½ of your disposable income, plus invest in stocks
0 $200.00
c. Save most of your disposable income, while investing the remainder in stocks
0 $300.00