Create your budget!.

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Presentation transcript:

Create your budget!

The Budget Project Part 5 Job Reflection: Due this Friday Budget Project: Provide for a deeper understanding of personal finance and how to be self-sufficient. Part 5 Job Reflection: Due this Friday The Budget Project

Housing The Smaller House (own) -$650/month The Average House (own) -$800/month -$180 (water/electric/gas)/month The Smaller House (own) -$650/month -$120 (water/electric/gas)/month Housing

Housing The Rental House (rent) -$550/month -$100 (water/electric/gas)/month The Apartment (rent) -$530/month --water/electric/gas included Housing

Automobile The New Beauty (own) -$450/month -$90/month insurance -$250/month gas The New Economical (own) -$295/month -$32/month insurance -$100/month gas Automobile

Automobile The Used Guy (own) -$225/month -$45/month insurance -$140/month gas The Lease (not owned) -$170/month -$70/month insurance -$100/month gas Automobile

The Sleek Techie (own) -$95/month The Average Joe -$65/month Phone

Phone The Pay-As-You-Go -$20/month The Cheapie (own) -$5/text -$0.50/minute (outside of $10 free allotted per day) Phone

Television and Internet The Supreme Package -$158/month Includes: -Netflix, 140 cable channels, High- Speed Internet, HBO, SHOWTIME The Regular -$92/month Includes: -70 cable channels, High-Speed Internet, Netflix Television and Internet

Television and Internet The Basic -$30/month Includes: -60 cable channels The Internet Only -$67/month Includes: -High Speed Internet Television and Internet

Groceries: -$250 = eating very well (whatever your heart desires) -$200 = eating well (protein, some veggies, snack foods) -$125 = eating to get by (primarily snack foods and store brand stuff) -$75 = Ramen diet (not healthy) Groceries

Other expenses Other Expenses: Saving: How much will you set aside to put in your savings? Household Items: How much will you set aside for your household items (cleaning supplies, toilet paper, laundry detergent, soap, etc.) Credit Payment: How much do you want to put toward paying off your credit card each month? (minimum $15/month) Miscellaneous: How much will you set aside for spending on going out to eat, hanging out with friends, buying video games, apps, etc. Other expenses