1. My Personal Budget Project Personal Finance Period: 5th
Christopher Bowden
My Personal Budget Project
Personal Finance
Period: 5th
5/11/2019

2. My Income:$72,720+ Job Title: Physical Therapy
Based on wages/salary
Second Job: Earnings
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3. Salary Job Title: Physical Therapy Salary is your net $72,720+
Divide by 12= Monthly Salary: 6,080
Add Part-time Job: Landscaper
Monthly PT Job Earnings:$300
Add the two monthly job earnings+ Monthly Income: $9,920
Multiply by 12 (months) =119,000 around Yearly income
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4. Other income Use second salary slide only if needed for other incomes.
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5. Expenses: zillow.com / realtor.com / mortgagecalculator.org
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
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6. Photo of Home 2 Bedrooms/2 Bathroom Rent: $800/monthly
Location: South Carolina
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7. Expenses: b.) Student Loans, c.) TV/Phone/Internet
B.) My Student loan is $25,000
My monthly student loan payment is around $450
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8. Cell Phone Bill d.) Verizon, AT&T
My cell phone/smart Monthly Expense is:
$75monthly
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9. e.) Groceries I do the majority of my food shopping at
Select from: Wal-Mart, I get my prescriptions from: any listed above or CVS, RITE AID, WALGREENS
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10. f.) Entertainment (Movies, Concerts, DVD) g.) Clothing
How many and how much do you spend on entertainment and Clothing? Entertainment:$2,504 Clothing:$130
My monthly expense for going to the movies, concerts DVD’S or games is: 50$
I do my clothing at Gap, AE and I spend about $100 a month.
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11. Utilities- AEP Home or Apartment
My monthly electric bill is
Kwh used per month is:903
My monthly gas bill is: 0
Amount of gas I use per month:20g
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12. h.) Vehicle/Transportation
Include an estimate for gasoline, car insurance, car maintenance. Gasoline:$50 Car insurance:$795 Car maintenance: $9,122
A.) Approximate miles travel a week by car 30 Multiply 4 times 30 miles= 120 miles per month.
Your car gets 26 Miles per gallon: Yes
Number of gallons of gas per month X (times) $2.50 cost of gasoline per gallon.
26 X $2.50= 65
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13. Transportation Insert Photo of used car
Jeep Wrangler Rubicon
2014
Cost$20,000
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14. Transportation
My Auto insurance as a new driver will be approximately per year. $1,316 annually
My monthly auto insurance budget will be : Total Yearly auto insurance divided by 12:$110 monthly
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15. Checking account (Debit) is the account you pay bills from:$500
SAVINGS
Select Bank you will use: AT&T
Google local banks and select YOUR bank
Savings account: pay yourself first
Amount you will put in savings and not spend: $20,000
Checking account (Debit) is the account you pay bills from:$500
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16. Health & Personal Care Budget Monthly Health Care expenses
Doctor Visits Costs: $100
Dental Visits/Costs: $150
Gym Membership Costs: 10$ monthly
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17. Insert Photo, Video, Clip Art Gym, Workout
Planet Fitness
Monthly payment: $10
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18. Gifts/Donations Budget monies per month for: FAMILY EVENTS
Birthdays:100$
Wedding: 0
Holidays:$100
Personal Relationships:$20
Gifts or donations to Church, Food Bank:$20
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19. My Monthly Summary My monthly net income is: :$$9,920
My monthly expenses including my savings a month is:$600
So monthly I am Saving {$10,000} (How Much money do you have left over?) around $600
$So monthly, I am in the negative (RED) how much a month: $0
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20. Write-up State what you learned doing this project.
I have leaned hoe to budget expenses. I have learned hoe to save and use my money correctly. Purchasing a house and being able to afford utility payment phone bills etc.. Purchasing used car and car insurance. Making wise choices to save and afford the items I need.
I also learned that I have the best personal finance teacher ever!
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