1.  Property taxes  vary dramatically with location. If possible use actual annual figure if available on real estate listing.  If not available use 1.4% of home purchase price. (.014) full home purchase price per year  Insurance  Renters flat $200, Owners: greater of $450 or.4% of home purchase price per year  Insurance is not always required for renters but is for a mortgage.

2.  Renters  renters if not paid $100 per month for gas and electric, $50 electric only,  $45 for water and trash if not included  Homeowners  $125 to $225 per month for heat and electricity $70 for water, sewer, trash

3.  cable or satellite if desired $50 per month plus premium services  Netflix streaming $8+ per month  Bundle(cable, Landline phone, internet $150 month  Cellphone $45/month

4.  1% to 2+% of home value per year.  To figure:  (.01 to.02) ( home price) = maintenance  Lower figure for newer, simpler homes. High figure for older homes or homes in poor shape.  Remember you are budgeting for an average year. Some expenses are routine (lawn care) others every so often (new roof, new water heater, etc.)

5.  $500 to $3000+ per year  Think of replacement furniture, window treatments  Appliances, televisions, home electronics  Bigger house=greater need  600 sq. foot apartment different than 1600 sq. foot home

6.  Condominium fees, association fees  maintenance of special property

7.  Car payments  Assume monthly cost whether paid for with cash. Use actual cost of car.  Divide by 78 for 2013 to 2015 vehicle  divide by 64 for a 2010 to 2012 vehicle  divide by 50 for a 2005 to 2009 vehicle or vehicle with less than 60K miles  divide by 36 for a 2004 or older vehicle

8.  Gasoline: $60 to $150 month per car  Maintenance repair: $200-$1000 year per car unless new; then $100 per year  Cleaning: $25 to $500 per year per car  Insurance:.04 x car price (4%) per year, minimum $400/year per car  License and Registration: $120 per vehicle  Other: cost of public transportation if not using car

9.  Toiletries: $20 to $100 per month per person  Hair Care: $5 to $90 per person per month  Office Supplies: $20 per month  Computer Supplies: $200+? Per year  Pocket money: $100 per adult per month, allowance if children old enough  Other; massage, nails, tanner, nutrition?

10.  New Purchases: $400 to $3000 per adult, $200 to $800 per child per year  work clothes, shoes, coats  leisure, recreational clothes  Dry Cleaning /laundry: $10 to $100 per month depending on # of people and dry cleaning needs  Other: special clothes, mending

11.  Groceries $125-$300 per person per month  depends on choices and meals away  Meals away from home-varies greatly  convenience vs. cost  Pet food and supplies  bigger the pet, greater the $$$  Other  special foods, diet, supplements

12.  Cost of Insurance Plan if buying yourself minus subsidies  Employer paid health insurance policy  $1000 single, $1500 married, $2000 family premium  Co-pays $10+ per visit  Medical Care/Prescriptions $10+ per scrip  Vision: checkup $60+ plus glasses/contacts  Dental: checkup $70+ plus dental work  If dental or vision insured only co-pay $20+

13.  Vacations/travel: vary widely but budget something for the unexpected $500+ ?/year per person  Recreation/Entertainment $25 - $100+ week  What do you do for fun? What is the $$$?  Media subscriptions: Journals, newspapers, streaming or on-line content  Leisure and professional  Membership dues and Fees: vary  Railside CC $4200/$4800 year Fields 550/$700, Alma College fitness $330/year $440/couple  Bally $29/month+  Hobbies: hunting, fishing, collecting, etc.

14.  Religious, charities: tax deductible: 14%+  political not deductible  Birthday gifts-extended family, friends co- workers?  Other gifts: weddings, cards, flowers, events  Christmas, Kwanza, Hannukah  Other-family celebrations, traditions?

15.  Retirement Savings  1st choice full or 1/2 employer match 401K ▪ up to $17,500 per year  2nd choice Roth IRA up to $5500 per adult  Investments  money put aside to make money  Not likely to have at age 28  Misc. Savings: money put aside for future purchase. Rough budget leave blank

16.  Life Insurance  provides for dependents  Term is cheap! Use actual quote.  Whole is overpriced but is guaranteed savings  Need 3 or 5 times income minimum  Disability Insurance  often included as a benefit  Use same cost as life insurance premium

17.  Federal tax : we will do actual tax form  Social Security/Medicare: income (.0765)=tax  State income tax: income (.03) = tax  City income tax: varies from 0 to 1% of income. Use 1% if your city has a tax  Union dues $400-$1000 year  Child Care $400-$1200 per child per month  Other (alimony, child support)

18.  Student Loan Repayment: Average is $280 per month for four-year college. Two year $50 month  Additonal $200-$2000 month for Graduate school, Law School, Medical School  Tuition: $1600 per grad class  Professional Development $0-$1500 year  Children’s College: per child per month  Remember spouse, would they have student loans? If you do, they do.

19.  Savings income-interest rates so low it doesn’t matter  Other income  part-time job  Consulting-possible  Investment-unlikely at 28, unless…