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My Budget Project Financial Literacy Period:_____
Ms. Cureton My Budget Project Financial Literacy Period:_____ 8/3/2019
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Job Title: Teacher I want to be an elementary school teacher teaching 2nd grade. I like working with children and watching them grow. 8/3/2019
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My Salary Please have your yearly salary, monthly gross income, monthly net income on this page. Including the following: Federal Income Tax in DOLLARS Social Security Tax in DOLLARS Medicare Tax in DOLLARS 8/3/2019
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My monthly paycheck GROSS Income $ Federal Income Tax
Social Security Tax Medicare Tax State Income Tax NET Income 8/3/2019
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Home Expenses My monthly rent/mortgage is ___________.
Make sure your rent/mortgage is not more than 25% of your NET income. 8/3/2019
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Photo of Home Include a picture of your house or apartment here.
8/3/2019
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Expenses: b.) Cell Phone c.) TV/Internet d) Home Insurance
Include your monthly amount for your cell phone, TV/Internet and home insurance here. 8/3/2019
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e.) Groceries I do the majority of my food shopping at
Include a grocery list for one week with the total cost included. You may include pictures. 8/3/2019
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f) Utilities – Electric and Water Bill (Home or Apartment)
My monthly electric bill is:_______________ My monthly water bill is: ________ 8/3/2019
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Transportation Expenses
My monthly car payment is ________. If you purchases a cash car, include that amount. If you have a bus pass, include that amount. 8/3/2019
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Vehicle/Transportation
My car gets ___ miles per gallon. I will spend _____ on gas a month based on $2.36 cost of gasole per gallon._________________ 8/3/2019
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My New Car Insert photo of car here 8/3/2019
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Transportation My auto insurance as a new driver will be approximately ___________________ per year. (Use $135 a month as your car insurance rate.) 8/3/2019
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Cell/Home phone payment
Starting Balance Ending Balance NET INCOME Rent/Mortgage Home Insurance Car payment Car Insurance Cell/Home phone payment Internet/TV Payment Groceries Gas (car) Electricity bill Water bill 8/3/2019
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Write-up State what you learned doing this project.
8/3/2019
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