Mrs. Lewis sample Periods 2, 3, 5, 7 Budget project Mrs. Lewis sample Periods 2, 3, 5, 7

Gross Monthly Income From my housing project, my career is _________________ and my gross monthly income is _____________________

Income taxes (APPROXIMATELY 25% OF INCOME) Gross monthly income $?????? * .25 approximately $?????? of my gross monthly income will go to taxes

Auto expenses 10-15% Gross monthly income $?????? * .10 = ?????? Approximately $?????? up to $????? of my gross monthly income will go to automobile expenses each month. My car payment is $??????, which leaves me with $????? for repairs and insurance.

Housing expense 25-30% Gross monthly income $?????? * .25 = ?????? Approximately $?????? up to $????? of my gross monthly income will go to housing expenses each month. My rent is $??????, which leaves me with $????? for utilities, repairs and insurance.

Food budget 15-30% Gross monthly income $?????? * .15 = ?????? Approximately $?????? up to $????? of my gross monthly income will go to food expenses each month.

Savings 10%-20% Gross monthly income $?????? * .10 = ?????? Approximately $?????? up to $????? of my gross monthly income will go to savings each month.

What’s Left? 100% of my gross income -25% income tax -10% auto expense -25% housing expense -20% food budget -10% savings 10% of my gross budget leftover for clothing, medical insurance, entertainment, gaming, charity et cetera. Gross monthly income $?????? * .10 = ?????? IS THAT ENOUGH? Do you need to examine your priorities and reallocate some of your money?

Cash flow Spreadsheet

Annual expense Budget

Summary/What have I learned