My Life SAMPLE Military Career Expenses Loans Transportation College Occupation Fixed Expenses Career Flexible SAMPLE Loans Transportation Interest College Salary Income Mortgage Pay Housing Rent

College Name of university, college or trade school________________________________________ Location of school___________________________ What is your major/ minor__________________________ Number of years attending college_________ Tuition x amount of years=$________________ (total cost for education) Student loans Loan $_____________ (How much will you borrow from the bank) Divide total by 120 (10 year loan) $______________ Total Monthly payment (transfer to budget page)

College- Pacific University Major - Physical education Minor - Health Located in Forest Grove, Oregon Four year degree Tuition is $38,000.00 per year 38,000.00 x 4 = 152,000.00 152,000.00 / 120 = 1266.66 Total owed for student loans after college is $1266.66 per month.

Military Military – Branch ________________ Ranking ______________ Occupation Specialty __________________ Monthly starting pay __________________ (transfer to occupation and/or budget page)

Military Air Force Airman First Class E-3 Combat Control Pay - $2101.00 a month

Career/Occupation Type of occupation/career _______________________________________ Description of Job ____________________________________ Prerequisite (what do you need for the occupation, college, skills required, test taken, physical condition) ___________________________________________________ Requirements ____________________________________________________________ Monthly Salary ________________________________ -20% in taxes _________________________________ Total monthly income __________________________

Occupation Fire Fighter They will carry and operate water hoses, climb ladders, go into burning buildings and use special procedures to extinguish fires. Pass a physical and written test to get into academy. Graduate from Hawaii Fire Academy. Monthly Salary - $3191.00 - $783 (taxes) = $2407 Total income per month.

Occupation Physical Education Teacher Physical education teachers help children develop physical abilities and healthy habits that can last for the rest of their lives. Degree in Education Complete Student teaching and pass the PRAXIS test. Monthly Salary- $4553.80 Taxes - $932.80 Monthly pay after taxes - $3261.00

Housing Total monthly payment for housing: _____________ Type of housing ________________________________ Description of housing ______________________________(Bedroom/bath) Location of housing _________________________________________ Price of housing __________________ Amount borrowed from the bank _________________ Interest (10%) X amount borrowed from bank ___________ Total amount owed (cost)______________ Divide by 30 divided by 12 = ____________________ (30 years at 12 months per year) Total monthly payment for housing: _____________ (Mortgage) Purchase of a house OR Renting

Housing Single Family Home 3 bedroom/2 bath Hillsboro, Oregon Purchase - $389,000.00 Borrowed -$350,000.00 + $35000 (interest) = $385000.00 $385000.00 total divide by 30( $12833.33) divide by 12 = $1069.44 is my monthly payment

Transportation Make (brand) of vehicle ____________________ Model (type) of vehicle _____________________ Cost of vehicle ________________________ Add interest (5%) x .05 = _________________ Add to interest to cost of vehicle= Total borrowed__________________ Divided by 72 = ____________________ (6 year loan, 72 months) Total monthly payment for transportation:__________________

Transportation Scion iQ $16250.00 $16000.00 borrowed from bank. + $800 (5% interest) = $16800.00 Total Divide by 72 (6 years) = $233.00 per month

Budget Monthly Income ________________ Fixed expenses: Student loans: _____________________ Housing: _____________________ Car/vehicle: _____________________ Cable : (get on your own) _____________________ Wi-Fi : _____________________ Home phone: _____________________ Cell phone: _____________________

Budget Continued Flexible expenses: Play card game in class Electric Bill _________________ Water Bill _________________ Groceries/food _________________ Entertainment _________________ Household expense _________________ Other _________________ Total expenses (add all expenses)_________________ Subtract income from total expenses (Income – expense = budget) Total at the end of the month __________________

Budget Total expenses - $3534.98 Monthly Income - $3621.00 Fixed Expenses Student loans $1266.66 Housing $1069.44 Car $233.00 Cable $69.99 Wi-fi $49.99 Cell phone $45.00 Flexible Expenses Electric Bill $100.00 Water Bill $150.00 Groceries $250.00 Entertainment $50.00 Household $150.00 Other - shoes $100.00 Total expenses - $3534.98 Monthly Income - $3621.00 Income - Expense = $86.92