My Budget Project Personal Finance Period:_____ Your Name 12/26/2015 1

Based on wages/salary Second Job: Earnings My Income- $ Job Title: 12/26/2015 2

Salary Job Title Salary is your net (take home) pay (Yearly) Divide by 12= Monthly Salary:_____________ Add Part-time Job: Title:_________________ Monthly PT Job Earnings:________________ Add the two monthly job earnings+ Monthly Income:_____________________ Multiply by 12 (months) =___________ Yearly income 12/26/2015 3

Other income Use second salary slide only if needed for other incomes. 12/26/2015 4

Find a home for $150,000 or less. Download Photo of Home Calculate Monthly expense with taxes. Need 20% Down or $30,000 put down on home Mortgage Amount $120,000 Expenses: /26/2015 5

Photo of Home 12/26/2015 6

Expenses: b.) Student Loans, c.) TV/Phone/Internet B.) My Student loan is $25,000 My monthly student loan payment is 12/26/2015 7

My cell phone/smart Monthly Expense is: __________________ Cell Phone Bill d.) Verizon, AT&T 12/26/2015 8

e.) Groceries I do the majority of my food shopping at Select from: Acme Markets, Wal-Mart, ShopRite, Bottom Dollar I get my prescriptions from: any listed above or CVS, RITE AID, WALGREENS 12/26/2015 9

f.) Entertainment (Movies, Concerts, DVD) g.) Clothing How many and how much do you spend on entertainment and Clothing My monthly expense for going to the movies, concerts DVD’S or games is: ____________________ I do my clothing at (Name of Store(s)) and I spend about $_____________________________ a month. 12/26/

Utilities- PSE & G Home or Apartment My monthly electric bill is:_______________ Kwh used per month is:_________________ My monthly gas bill is: __________________ Amount of gas I use per month: __________________ 12/26/

h.) Vehicle/Transportation Include an estimate for gasoline, car insurance, car maintenance. A.) Approximate miles travel a week by car ______ Multiply 4 times ________miles= _______ miles per month. Your car gets 26 Miles per gallon:______________ Number of gallons of gas per month X (times) $3.43 cost of gasoline per gallon. _______________________________________ 12/26/

Transportation Insert Photo of used car 12/26/

Transportation My Auto insurance as a new driver will be approximately ________________________per year. My monthly auto insurance budget will be : Total Yearly auto insurance divided by 12: _______________________________ 12/26/

SAVINGS Select Bank you will use. Google local banks and select YOUR bank. Set up direct deposit with your employer and your bank. Pay yourself first- Put in savings account and don’t SPEND. Checking account (Debit) is your account you pay bills. 12/26/

Health & Personal Care Budget Monthly Health Care expenses Doctor Visits? Costs: ___________________ Dental Visits/Costs:___________________ Gym Membership Costs:_________________ 12/26/

Insert Photo, Video, Clip Art Gym, Workout 12/26/

Gifts/Donations Budget monies per month for: FAMILY EVENTS Birthdays:____________ Weddings: ___________ Personal Relationships:___________ Gifts or donations to Church, Food Bank ____________________ 12/26/

My Monthly Summary My monthly net income is: __________________ My monthly expenses including my savings a month is: ___________________________________ So monthly I am Saving {In the Black} (How Much money do you have left over?) ___________________________ So monthly, I am in the negative (RED) how much a month: __________________________________ 12/26/

Write-up State what you learned doing this project. 12/26/