1. Name:__________________________
Budget
Name:__________________________

2. 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 (entertainment)
Supporting Document 8 (Auto)
Budget Review
Gas and Maintenance for Auto
Automobile Insurance
Supporting Document 9 (auto insurance)

3. Income
My profession: ____________________________________ My salary: $_________________/year Taxes: Based on your salary, find your Federal Income Tax rate: Federal Income tax Incomes from $9,075 – $36,900…………15% Incomes from $36,901 - $89,350………..25% FICA (Social Security)…………………………..6.2% State Income tax………………………………….6%

4. - 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

5. 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: $________

7. 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 $_____________

8. Electricity

9. Natural Gas

10. Water

11. Cell Phone

12. Cable/Satellite

13. Internet

14. 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 newerr
Payment using 48 Months _______________
Payment using 60 months _______________
Total monthly vehicle payment: $_______________

15. My Car

16. 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 getting around miles = ________ total miles Miles per gallon of automobile:__________________ Average monthly per gallon of gasoline: $2.50 (Total Miles/MPG) x 2.50 =
Total monthly cost of gasoline: $_____________

17. 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 to avoid unwanted s 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: $________________

18. Insurance Quote

19. 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: $_________

20. Renter’s Insurance Quote

21. 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

22. Grocery Sheet (refer to the menu on previous slide)
Item
Brand
Size
cost
Budgeted Amount:
Total Spent:

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

24. 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: __________

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

26. Week 1 Entertainment

27. Week 2 Entertainment

28. Week 3 Entertainment

29. Week 4 Entertainment

30. 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: ________