my budget project personal finance period:_____ your name 12/26/2015 1
TRANSCRIPT
My Budget ProjectPersonal Finance
Period:_____
Your Name
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Based on wages/salarySecond Job: Earnings
My Income- $Job Title:
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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
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Other incomeUse second salary slide only if needed for
other incomes.
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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
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Photo of Home
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Expenses: b.) Student Loans, c.) TV/Phone/Internet
B.) My Student loan is $25,000My monthly student loan payment is
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My cell phone/smart Monthly Expense is:
__________________
Cell Phone Billd.) Verizon, AT&T
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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
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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.
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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: __________________
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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._______________________________________
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TransportationInsert Photo of used car
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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: _______________________________
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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.
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Health & Personal CareBudget Monthly Health Care expenses
Doctor Visits? Costs: ___________________
Dental Visits/Costs:___________________
Gym Membership Costs:_________________
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Insert Photo, Video, Clip ArtGym, Workout
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Gifts/DonationsBudget monies per month for: FAMILY EVENTS
Birthdays:____________Weddings: ___________Personal Relationships:___________Gifts or donations to Church, Food Bank
____________________
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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: __________________________________
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Write-upState what you learned doing this
project.
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