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This budget project helps you manage your personal finances by calculating your monthly income, expenses, savings, and providing tips for budgeting effectively.

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Your Name

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  1. Your Name My Budget Project Personal Finance Period:_____

  2. My Income- $Job Title: Based on wages/salary Second Job: Earnings

  3. Salary • Job Title • Salary is your net (take home) pay (Yearly) • Divide by 12= Monthly Salary:_____________ • Add Part-time Job: Title:_________________ • Monthly PT Job Earnings:________________ • Add the two monthly job earnings+ Monthly Income:_____________________ • Multiply by 12 (months) =___________ Yearly • income

  4. Other income • Use second salary slide only if needed for other incomes.

  5. Expenses: www.zillow.com Find a home for $150,000 or less. Download Photo of Home Calculate Monthly expense with taxes. Need 20% Down or $30,000 put down on home Mortgage Amount $120,000

  6. Photo of Home

  7. Expenses: b.) Student Loans, c.) TV/Phone/Internet • B.) My Student loan is $25,000 • My monthly student loan payment is

  8. Cell Phone Billd.) Verizon, AT&T • My cell phone/smart Monthly Expense is: • __________________

  9. e.) GroceriesI do the majority of my food shopping at • Select from: Randalls, Wal-Mart, Krogers, Your Choice • I get my prescriptions from: any listed above or CVS, WALGREENS

  10. f.) Entertainment (Movies, Concerts, DVD)g.) Clothing • How many and how much do you spend on entertainment and Clothing • My monthly expense for going to the movies, concerts DVD’S or games is: ____________________ • I do my clothing at (Name of Store(s)) and I spend about $_____________________________ a month.

  11. Utilities- PSE & GHome or Apartment • My monthly electric bill is:_______________ • Kwh used per month is:_________________ • My monthly gas bill is: __________________ • Amount of gas I use per month: __________________

  12. h.) Vehicle/Transportation • Include an estimate for gasoline, car insurance, car maintenance. • A.) Approximate miles travel a week by car ______ • Multiply 4 times ________miles= _______ miles per month. • Your car gets 26 Miles per gallon:______________ • Number of gallons of gas per month X (times) $3.43 cost of gasoline per gallon. • _______________________________________

  13. TransportationInsert Photo of used car

  14. Transportation • My Auto insurance as a new driver will be approximately ________________________per year. • My monthly auto insurance budget will be : Total Yearly auto insurance divided by 12: _______________________________

  15. SAVINGS • Select Bank you will use. Google local banks and select YOUR bank. • Set up direct deposit with your employer and your bank. • Pay yourself first- Put in savings account and don’t SPEND. • Checking account (Debit) is your account you pay bills.

  16. Health & Personal Care • Budget Monthly Health Care expenses • Doctor Visits? Costs: ___________________ • Dental Visits/Costs:___________________ • Gym Membership Costs:_________________

  17. Insert Photo, Video, Clip ArtGym, Workout

  18. Gifts/Donations • Budget monies per month for: FAMILY EVENTS • Birthdays:____________ • Weddings: ___________ • Personal Relationships:___________ • Gifts or donations to Church, Food Bank • ____________________

  19. My Monthly Summary • My monthly net income is: __________________ • My monthly expenses including my savings a month is: ___________________________________ • So monthly I am Saving {In the Black} (How Much money do you have left over?) ___________________________ • So monthly, I am in the negative (RED) how much a month: __________________________________

  20. Write-upState what you learned doing this project.

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