1. Family Budget BIM

2. Married or Single Occupations of both spouses Children Salary http://www.salary.com http://about.salary.com

3. Salary.com Enter job title Zip code

4. What Benefits Mean to Income Benefit Median Amo unt% of Total Base salary$35,36966% Bonuses$8592% Social Security$2,7715% 401k/403b$2,2464% Disability$5801% Healthcare$5,32810% Pension$1,5223% Time off$4,7389% $53,413100% Occupation -- Accountant 1

5. Salary for a Charge Nurse

6. Don’t Forget Income Taxes http://taxes.about.com/od/2008taxes/qt/2 008_tax_rates.htm http://taxes.about.com/od/2008taxes/qt/2 008_tax_rates.htm

7. Family Expenses Rent or Mortgage Taxes Utilities Insurance Telephone Cable Medical Auto Entertainment Clothing Food Childcare Household Personal Care Gifts Savings

8. Other Expenses? Vacation

9. PMT Function in Excel =PMT(rate,nper,-pv) Rate – interest rate of loan (6%) Interest is divided by number of periods Nper – number of periods in the loan If 6 years – (6* 12) = 72 periods PV – present value or amount of money borrowed Place a (-) minus sign in front of the PV

11. Calculate a Car Payment Using PMT Function You are buying a new ________. Interest rate is 6% Number of years for loan is 5 Present value of car is $25,000 What is your car payment?