My Budget Project Financial Literacy Period:_____ Ms. Cureton My Budget Project Financial Literacy Period:_____ 8/3/2019

Job Title: Teacher I want to be an elementary school teacher teaching 2nd grade. I like working with children and watching them grow. 8/3/2019

My Salary Please have your yearly salary, monthly gross income, monthly net income on this page. Including the following: Federal Income Tax in DOLLARS Social Security Tax in DOLLARS Medicare Tax in DOLLARS 8/3/2019

My monthly paycheck GROSS Income $ Federal Income Tax Social Security Tax Medicare Tax State Income Tax NET Income 8/3/2019

Home Expenses My monthly rent/mortgage is ___________. Make sure your rent/mortgage is not more than 25% of your NET income. 8/3/2019

Photo of Home Include a picture of your house or apartment here. 8/3/2019

Expenses: b.) Cell Phone c.) TV/Internet d) Home Insurance Include your monthly amount for your cell phone, TV/Internet and home insurance here. 8/3/2019

e.) Groceries I do the majority of my food shopping at Include a grocery list for one week with the total cost included. You may include pictures. 8/3/2019

f) Utilities – Electric and Water Bill (Home or Apartment) My monthly electric bill is:_______________ My monthly water bill is: ________ 8/3/2019

Transportation Expenses My monthly car payment is ________. If you purchases a cash car, include that amount. If you have a bus pass, include that amount. 8/3/2019

Vehicle/Transportation My car gets ___ miles per gallon. I will spend _____ on gas a month based on $2.36 cost of gasole per gallon._________________ 8/3/2019

My New Car Insert photo of car here 8/3/2019

Transportation My auto insurance as a new driver will be approximately ___________________ per year. (Use $135 a month as your car insurance rate.) 8/3/2019

Cell/Home phone payment Starting Balance Ending Balance NET INCOME Rent/Mortgage Home Insurance Car payment Car Insurance Cell/Home phone payment Internet/TV Payment Groceries Gas (car) Electricity bill Water bill 8/3/2019

Write-up State what you learned doing this project. 8/3/2019