1. My Budget Project Personal Finance Period:_____
Your Name
My Budget Project
Personal Finance
Period:_____
5/11/2018

2. Based on wages/salary Second Job: Earnings
My Income- $ Job Title:
Based on wages/salary
Second Job: Earnings
5/11/2018

3. Salary Job Title Gross Salary
Divide by 12= Gross Monthly Salary:_____________
Income tax -
Social security 6.2% -
Medicare 1.45% -
Insurance $100
Retirement 3-5% (Optional)
Net Monthly income: _________
5/11/2018

4. Expenses: House: 24% Utilities: 8% Food 14% Cell Phone: <1%
Clothing: 4%
Medical/Healthcare: 6%
Donations/Gifts: 4%
Savings: 9%
Entertainment/Recreation: 5%
Transportation: 14%
Personal/Debt payments: 0-10%
Expenses:
5/11/2018

5. Apartment (include picture)
Name of complex
Location
Rent
Bedrooms/bathrooms
Amenities:
Percent of budget
Reason chosen
5/11/2018

6. Transportation Insert Photo of used car
5/11/2018

7. Transportation Car New/Used Year: Public Transportation: Make: Model:
Monthly budget Amount:
Car New/Used
Year:
Make:
Model:
Cost:
Payments:
Public Transportation:
Type:
Daily Cost:
Actual Monthly Cost: OR
Percent of budget:
5/11/2018

8. My cell phone/smart Monthly Provider is: __________________
Cell Phone Bill
My cell phone/smart Monthly Provider is:
__________________
Total Cost:__________
Why I chose:
5/11/2018

9. Total Food for the Month:
Weekly budget for the grocery store:
Food________
Personal items: ________
Monthly total:________
Weekly restaurant:
Total Monthly restaurant:
Total Food for the Month:
Lunch
Dinner
Fast Food
Sit down
5/11/2018

10. Entertainment Clothing
Entertainment possibilities and costs: 1. 2. 3.
Total budget amount:
Clothing/shoes -places I like to shop
5/11/2018

11. Utilities- Electric bill is:_______________ Water bill:
Internet/Cable:
5/11/2018

12. Gas Estimation and Maintenance
Approximate miles travel a week by car ______
Approximate miles travel per month
Your car gets ___ Miles per gallon
Number of gallons needed per month: ________
Cost of gasoline__________
Monthly gas budget______________
Oil change for my car is _________
(please keep in mind that there are a million things that can go wrong on a car. Include in your emergency fund)
5/11/2018

13. Transportation
My Auto insurance as a new driver will be approximately ______________ per year.
My monthly auto insurance budget will be : _______________________________
5/11/2018

14. Savings and Emergency fund
Percent
Dollar amount
Could be used for
Retirement
Retirement!
Savings
Emergency Fund
5/11/2018

15. Health & Personal Care Doctor Visits? $20 copay with insurance
Prescriptions: $10-20
Dental visits are free for cleanings with insurance, but additional work is costly.
Hair cuts: ________
Mani/Pedis:_________
Gym Memberships:________
Total budget:________
5/11/2018

16. Gifts/Donations Birthdays:____________ Weddings: ___________
Personal Relationships:___________
Gifts or donations to Church, Food Bank
____________________
5/11/2018

17. Actual Budget
Create a budget table that lists all expenses/savings and dollar amounts.
Make sure to have a total for all of your expenses in the last row.
5/11/2018

18. 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: __________________________________
5/11/2018

19. Write-up Write a minimum of 100 words describing the educational/life value of this project. Include what you learned (good and bad), any surprises, and what you might change or want included.
5/11/2018