My Budget ProjectPersonal Finance

Period:_____

Your Name

04/21/231

Based on wages/salarySecond Job: Earnings

My Income- $Job Title:

04/21/232

SalaryJob TitleSalary is your net (take home) pay (Yearly)Divide by 12= Monthly Salary:_____________Add Part-time Job: Title:_________________Monthly PT Job Earnings:________________Add the two monthly job earnings+

Monthly Income:_____________________Multiply by 12 (months) =___________ Yearlyincome

04/21/233

Other incomeUse second salary slide only if needed for

other incomes.

04/21/234

Find a home for $150,000 or less.Download Photo of HomeCalculate Monthly expense with taxes.Need 20% Down or $30,000 put down on homeMortgage Amount $120,000

Expenses: www.zillow.com

04/21/235

Photo of Home

04/21/236

Expenses: b.) Student Loans, c.) TV/Phone/Internet

B.) My Student loan is $25,000My monthly student loan payment is

04/21/237

My cell phone/smart Monthly Expense is:

__________________

Cell Phone Billd.) Verizon, AT&T

04/21/238

e.) GroceriesI do the majority of my food shopping at

Select from: Acme Markets, Wal-Mart, ShopRite, Bottom Dollar

I get my prescriptions from: any listed above or CVS, RITE AID, WALGREENS

04/21/239

f.) Entertainment (Movies, Concerts, DVD)g.) Clothing

How many and how much do you spend on entertainment and Clothing

My monthly expense for going to the movies, concerts DVD’S or games is: ____________________

I do my clothing at (Name of Store(s)) and I spend about $_____________________________ a month.

04/21/2310

Utilities- PSE & GHome or Apartment

My monthly electric bill is:_______________

Kwh used per month is:_________________

My monthly gas bill is: __________________

Amount of gas I use per month: __________________

04/21/2311

h.) Vehicle/TransportationInclude an estimate for gasoline, car

insurance, car maintenance.A.) Approximate miles travel a week by

car ______Multiply 4 times ________miles= _______

miles per month.Your car gets 26 Miles per

gallon:______________Number of gallons of gas per month X

(times) $3.43 cost of gasoline per gallon._______________________________________

04/21/2312

TransportationInsert Photo of used car

04/21/2313

TransportationMy Auto insurance as a new driver will be approximately ________________________per year.

My monthly auto insurance budget will be : Total Yearly auto insurance divided by 12: _______________________________

04/21/2314

SAVINGS

Select Bank you will use. Google local banks and select YOUR bank.

Set up direct deposit with your employer and your bank.

Pay yourself first- Put in savings account and don’t SPEND.

Checking account (Debit) is your account you pay bills.

04/21/2315

Health & Personal CareBudget Monthly Health Care expenses

Doctor Visits? Costs: ___________________

Dental Visits/Costs:___________________

Gym Membership Costs:_________________

04/21/2316

Insert Photo, Video, Clip ArtGym, Workout

04/21/2317

Gifts/DonationsBudget monies per month for: FAMILY EVENTS

Birthdays:____________Weddings: ___________Personal Relationships:___________Gifts or donations to Church, Food Bank

____________________

04/21/2318

My Monthly SummaryMy monthly net income is:

__________________My monthly expenses including my savings

a month is: ___________________________________

So monthly I am Saving {In the Black} (How Much money do you have left over?) ___________________________

So monthly, I am in the negative (RED) how much a month: __________________________________

04/21/2319

Write-upState what you learned doing this

project.

04/21/2320