1. What do you know about a loan? What do you know about mortgage?

2. ****Check your minimum and maximum on your budget guidelines****
Finding a home
What is a loan?
sum of money that is borrowed and is expected to be paid back with interest
Mortgage
A loan to finance the purchase of your home
****Check your minimum and maximum on your budget guidelines****

3. 1028
Mortgage or Rent (Landlord)
Monthly Payment

4. NMI 01/24 Total 01/24 1028 Mortgage Total Actual Spent New Balance
Health/Life/Medical/ Dental Insurance
Total
New Balance
01/24
1028
Mortgage
Total
New Balance
Actual Spent

5. Variable Expenses---- Utilities
After selecting a house, circle your housing payment & write out each payment in the correct box
Amount here
Amount here

6. Variable Expense continued
Cell Phone: you must have at least 1 phone so work can contact you
Internet: optional
Cable: circle your option & Record your expense

7. NMI 01/24 Total 01/26 1028 Mortgage Total 01/26 Electricity Bill Total
Health/Life/Medical/ Dental Insurance
Total
New Balance
01/26
1028
Mortgage
Total
New Balance
01/26
Electricity Bill
New Balance
Total
01/26
Sewer/ Water Bill
Total
New Balance

8. NMI 01/26 Total 01/26 Internet/ Cable TV Total Cell Phone New Balance

9. Budget Guidelines PG. 6-7 Put total here Put total here Put total here

10. Home Improvement
PG 15
Optional

11. 1029
Home Improvement
Amount

12. NMI 01/26 Total 01/26 Internet Total 01/26 Cable TV Total 01/26 1029
Cell Phone
Total
New Balance
01/26
Internet
Total
New Balance
01/26
Cable TV
New Balance
Total
01/26
1029
Home Improvement
Total
New Balance

13. Budget Guidelines PG. 7
Put total here

14. Number Car Options 1-6
Choose a car
Record information
Based on your monthly car payment fill out Interest chart. Add these together
Record in Checkbook and Budget Guideline (actual spent column)
Monthly Car Payment + Interest + Monthly Insurance= Monthly payment (record this)

15. This will be on the front of your packet
Add these 2 together
Total of fuel cost and Maintenance:
**Write Check for this amount**

16. NMI 01/26 Total 01/26 Total 01/26 1030 Total Car Payment New Balance
Transportation Fixed (Car Payment/ Insurance)
Total
New Balance
01/26
1030
Transportation Variable Expense/ Maintenance
Total
New Balance

17. Check with a Partner Switch your packet with a partner
Check over your partner’s Checkbook and Budget Guidelines (Actual Spent)
Make sure all the amounts are correct
Make sure the math is correct
See teacher after to get checked off
Checkbook entries so far:
Health/ Life/ Medical/Dental Insurance
Mortgage
Electricity Bill
Sewer/ Water Bill
Cell Phone
Internet
Cable TV
Home Improvement
Transportation Fixed
Transportation Variable