1. Mrs. Lewis sample Periods 2, 3, 5, 7
Budget project
Mrs. Lewis sample
Periods 2, 3, 5, 7

2. Gross Monthly Income
From my housing project, my career is _________________ and my gross monthly income is _____________________

3. Income taxes (APPROXIMATELY 25% OF INCOME)
Gross monthly income $?????? * .25
approximately $?????? of my gross monthly income will go to taxes

4. Auto expenses 10-15% Gross monthly income $?????? * .10 = ??????
Approximately $?????? up to $????? of my gross monthly income will go to automobile expenses each month.
My car payment is $??????, which leaves me
with $????? for repairs and insurance.

5. Housing expense 25-30% Gross monthly income $?????? * .25 = ??????
Approximately $?????? up to $????? of my gross monthly income will go to housing expenses each month.
My rent is $??????, which leaves me
with $????? for utilities, repairs and insurance.

6. Food budget 15-30% Gross monthly income $?????? * .15 = ??????
Approximately $?????? up to $????? of my gross monthly income will go to food expenses each month.

7. Savings 10%-20% Gross monthly income $?????? * .10 = ??????
Approximately $?????? up to $????? of my gross monthly income will go to savings each month.

8. What’s Left?
100% of my gross income -25% income tax -10% auto expense -25% housing expense -20% food budget -10% savings 10% of my gross budget leftover for clothing, medical insurance, entertainment, gaming, charity et cetera. Gross monthly income $?????? * .10 = ?????? IS THAT ENOUGH? Do you need to examine your priorities and reallocate some of your money?

9. Cash flow Spreadsheet

10. Annual expense Budget

11. Summary/What have I learned