1. Personal Finance

2. You are a single parent of two small children. Neither child is old enough to attend school. Your ex-spouse pays you child support of $100 per week.

3. You are married, but your spouse is a full time student at the local university. You have 2 small children, neither of which are old enough to attend school.

4. You are single. No children.

5. You are married with three kids. Two of which require daycare. Your spouse works and has a monthly salary of $2200

6. You are divorced, noncustodial parent of 3 children You pay your ex-spouse $150 per week in child support.

7. You are married with 2 children. Your spouse’s monthly salary is $2000 Your children are both in daycare.

8. Multiply your salary by 32%. This is the amount you must pay in taxes. Subtract the 32% from your salary…this is called your take home pay.

9. Set aside 5-10% of your take home pay in a savings account!!!

10. 3 bedroom 2 bath home on 1.5 acres $1,100 monthly payment 3 bedroom 1 bath home $900 monthly payment 2 bedroom home $600 monthly payment Rent an apartment (2 bedrooms $550monthly payment

11. Basic Utilities (includes water, electric and LAN line phone $200 Basic Utilities plus Cable Television $275 Basic Utilities plus Cable TV and Internet $300 Basic Utilities(Cable TV, Internet) and Cell phone $475

12. Sports Car$550 Mini Van$450 Used Sedan$300 Used SUV$400 Motorcycle$350

13. If you are single your monthly food expense would be $350 If you are married with children your monthly food expense would be $500 If you are single with children your monthly food expense would be $400

14. Are you over budget? Do you spend more than you make? If so you need to got back through your budget and change some things! You have to spend less than you make!! Got money coming out of your ears??? Then go back and adjust your budget. You need to spend every dollar on paper before the money actually begins. Putting money in savings is “spending” that money. Every dollar has a place to go!!

15. Family coverage = $400 Single Coverage = $200

16. Daycare will cost $100 per child.

17. A weekend of family fun would be $100 If you are single with kids, $ 75 If you are single $ 50