What do you know about a loan? What do you know about mortgage?

****Check your minimum and maximum on your budget guidelines**** Finding a home What is a loan? sum of money that is borrowed and is expected to be paid back with interest Mortgage A loan to finance the purchase of your home ****Check your minimum and maximum on your budget guidelines****

1028 Mortgage or Rent (Landlord) Monthly Payment

NMI 01/24 Total 01/24 1028 Mortgage Total Actual Spent New Balance Health/Life/Medical/ Dental Insurance Total New Balance 01/24 1028 Mortgage Total New Balance Actual Spent

Variable Expenses---- Utilities After selecting a house, circle your housing payment & write out each payment in the correct box Amount here Amount here

Variable Expense continued Cell Phone: you must have at least 1 phone so work can contact you Internet: optional Cable: circle your option & Record your expense

NMI 01/24 Total 01/26 1028 Mortgage Total 01/26 Electricity Bill Total Health/Life/Medical/ Dental Insurance Total New Balance 01/26 1028 Mortgage Total New Balance 01/26 Electricity Bill New Balance Total 01/26 Sewer/ Water Bill Total New Balance

NMI 01/26 Total 01/26 Internet/ Cable TV Total Cell Phone New Balance

Budget Guidelines PG. 6-7 Put total here Put total here Put total here

Home Improvement PG 15 Optional

1029 Home Improvement Amount

NMI 01/26 Total 01/26 Internet Total 01/26 Cable TV Total 01/26 1029 Cell Phone Total New Balance 01/26 Internet Total New Balance 01/26 Cable TV New Balance Total 01/26 1029 Home Improvement Total New Balance

Budget Guidelines PG. 7 Put total here

Number Car Options 1-6 Choose a car Record information Based on your monthly car payment fill out Interest chart. Add these together Record in Checkbook and Budget Guideline (actual spent column) Monthly Car Payment + Interest + Monthly Insurance= Monthly payment (record this)

This will be on the front of your packet Add these 2 together Total of fuel cost and Maintenance: **Write Check for this amount**

NMI 01/26 Total 01/26 Total 01/26 1030 Total Car Payment New Balance Transportation Fixed (Car Payment/ Insurance) Total New Balance 01/26 1030 Transportation Variable Expense/ Maintenance Total New Balance

Check with a Partner Switch your packet with a partner Check over your partner’s Checkbook and Budget Guidelines (Actual Spent) Make sure all the amounts are correct Make sure the math is correct See teacher after to get checked off Checkbook entries so far: Health/ Life/ Medical/Dental Insurance Mortgage Electricity Bill Sewer/ Water Bill Cell Phone Internet Cable TV Home Improvement Transportation Fixed Transportation Variable