Name:__________________________ Budget 2016-2017 Name:__________________________

Table of Contents Title Renters Insurance Table of Contents Supporting documents 10 (renters insurance) Income Groceries Housing Grocery Sheet Supporting Document 1 (Housing) Clothing Allowance - show math Utilities Miscellaneous Items - complete chart Supporting Documents 2-7 (Utilities) Entertainment Automobile Supporting documents 11-14 (entertainment) Supporting Document 8 (Auto) Budget Review Gas and Maintenance for Auto Automobile Insurance Supporting Document 9 (auto insurance)

Income My profession: ____________________________________ My salary: $_________________/year Taxes: Based on your salary, find your Federal Income Tax rate: Federal Income tax Incomes from $9,275 – $37,650…………15% Incomes from $37,651 - $91,150………..25% Incomes from $91,151 – $190, 150…….28% FICA (Social Security)…………………………..6.2% State Income tax………………………………….6%

- Federal Taxes: * = Yearly Income Tax Rate (see above) State Taxes   * = Yearly Income Tax Rate (see above) State Taxes 0.06 Tax Rate FICA 0.062 Total Taxes Per Year: (add the above) Yearly Take Home pay - Total Taxes per year Monthly Take Home pay ÷ 12 Monthly Income

Housing I am renting a/an _______________________ (type of housing) Street _________________________ City______________ Number of bedrooms:_______________ Number of room mates:________________ Total Rent per month: $_____________ Rent per person per month: $___________ My share of housing cost per month: $________

Total Utility cost per month $_____________ Utilities Total expected cost per month My portion per month (if applicable) Electricity ____________/month Natural gas ___________/month Water/sewer __________/month Cell phone ____________/month Cable/satellite _________/month Internet ______________/month Electricity ____________/month Natural gas ___________/month Water/sewer __________/month Cell phone ____________/month Cable/satellite _________/month Internet ______________/month Total Utility cost per month $_____________

Electricity http://www.psc.state.ga.us/calc/electric/GPcalc.asp

Natural Gas https://www.scanaenergy.com/paying-my-bill/understanding-my-bill/estimate-my-bill

Water – (usually included in rent)

Cell Phone

Cable/Satellite

Internet

Automobile Your car must meet all of the following criteria: Make of vehicle: ________________________________ Model: _________________________________ Year of vehicle:_________________________________ Total Miles: ____________________________ Length of financing: ___48 (4 years) OR 60 months (5 years) Interest rate:_____7%________ Price of vehicle: $______________________(principle) To calculate your interest : Simple interest: Interest = (principle) X (interest rate) X (time in years) Monthly payment: Monthly payment= (principle + interest)/number of month Your car must meet all of the following criteria: At least $8000 Has less than 100,000 miles 2005 or newer Payment using 48 Months _______________ Payment using 60 months _______________ Total monthly vehicle payment: $_______________

My Car

Gas for Auto Use the following address for your work address: 133 Peachtree St. NE Atlanta, GA 30331 Miles from home to work:____________ x 2 (round trip) =________ Work miles per week: ______ _______ X 4.3 (weeks in a month) = _______ miles per month + 100 getting around miles = ________ total miles Miles per gallon of automobile:____________ To find the number of gallons used: total miles/mpg = ______________________ Average monthly per gallon of gasoline: $2.50 (Total Miles/MPG) x 2.50 = Total monthly cost of gasoline: $_____________

Automobile Insurance Reminder: Do NOT give your personal information (social security number) Add either 5 or 6 years to make you 23. Create a bogus e-mail to avoid unwanted e-mails later. Coverage Limits for Auto $________bodily injury/ $____/occurrence $________ Property Damage coverage $________ Medical Payment coverage $________ uninsured motorist/ $____/occurrence $________ Uninsured motorist property damage coverage $________ uninsured motorist bodily injury deductible $________ collision deductible / $____ Comprehensive Total Car insurance per month $ _____________ Agent/Company _____________________________ Total car insurance per month: $________________

Insurance Quote

Total monthly cost for renter’s insurance: $_________ $25,000 Personal Property $100,000 Personal Liability $1,000 Medical $500 Deductible Total Renters insurance per month $ ____________ Quote obtained from: _________________________________ Date: ____________ Total monthly cost for renter’s insurance: $_________

Renter’s Insurance Quote

Food go to: www.cnpp.usda.gov/USDAFoodPlansCostofFood/reports Plan type: Estimated cost:______________________ (make sure to choose the MONTHLY amount) Menu   Sunday Monday Tuesday Wednesday Thursday Friday Saturday Breakfast Lunch Dinner Snacks

Grocery Sheet (refer to the menu on previous slide) Item Brand Size cost   Budgeted Amount: Total Spent for the week To get for the month multiply the above by 4.3

Total Monthly clothing cost: $_______________________ Monthly take home x .05 = $______________________ Total Monthly clothing cost: $_______________________

Miscellaneous Total Cost: __________ Hair Care Nail Care Item Quantity Price Each Total Cost Hair Care   Nail Care Makeup/Toiletries (girls, include monthly necessities) Soap Toothpaste and Toothbrush Deodorant Cleaning Supplies Dish Soap Laundry Detergent Toilet paper 3 additional items that you consider necessities: 1. 2. 3. Total Cost: __________

Total Monthly entertainment costs: $________   Week 1 Week 2 Week 3 Week 4 Weekend Day 1 (activity & cost) Day 2 Total Monthly entertainment costs: $________

Week 1 Entertainment

Week 2 Entertainment

Week 3 Entertainment

Week 4 Entertainment

Budget Review: Expenses: Student loan: _________ Housing: _________ Utilities: _________ Automobile: _________ Gas and Maintenance: _________ Auto insurance: _________ Renter’s Insurance: _________ Food: _________ Clothing: _________ Miscellaneous: _________ Entertainment: _________ Take-Home pay: ________ Total Monthly Expenses: ________ Budget surplus OR deficit: ________