1. My Budget Project Financial Literacy Period:_____
Ms. Cureton
My Budget Project
Financial Literacy
Period:_____
8/3/2019

2. 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

3. 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

4. My monthly paycheck GROSS Income $ Federal Income Tax
Social Security Tax
Medicare Tax
State Income Tax
NET Income
8/3/2019

5. Home Expenses My monthly rent/mortgage is ___________.
Make sure your rent/mortgage is not more than 25% of your NET income.
8/3/2019

6. Photo of Home Include a picture of your house or apartment here.
8/3/2019

7. 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

8. 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

9. f) Utilities – Electric and Water Bill (Home or Apartment)
My monthly electric bill is:_______________
My monthly water bill is: ________
8/3/2019

10. 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

11. 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

12. My New Car
Insert photo of car here
8/3/2019

13. 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

14. 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

15. Write-up State what you learned doing this project.
8/3/2019