Your Name My Budget Project Personal Finance Period

Your Name My Budget Project Personal Finance Period: _____ 1 11/28/2020

My Income- $ Job Title: Based on wages/salary Second Job: Earnings 2 11/28/2020

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 3 11/28/2020

Other income Use second salary slide only if needed for other incomes. 4 11/28/2020

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 5 11/28/2020

Photo of Home 6 11/28/2020

Expenses: b. ) Student Loans, c. ) TV/Phone/Internet B. ) My Student loan is $25, 000 My monthly student loan payment is 7 11/28/2020

Cell Phone Bill d. ) Verizon, AT&T My cell phone/smart Monthly Expense is: _________ 8 11/28/2020

e. ) Groceries I do the majority of my food shopping at Select from: Acme Markets, Wal- Mart, Shop. Rite, Bottom Dollar I get my prescriptions from: any listed above or CVS, RITE AID, WALGREENS 9 11/28/2020

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. 10 11/28/2020

Utilities- PSE & G Home or Apartment My monthly electric bill is: ________ Kwh used per month is: _________ My monthly gas bill is: _________ Amount of gas I use per month: _________ 11 11/28/2020

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. ____________________ 12 11/28/2020

Transportation Insert Photo of used car 13 11/28/2020

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: ________________ 14 11/28/2020

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. 15 11/28/2020

Health & Personal Care Budget Monthly Health Care expenses Doctor Visits? Costs: __________ Dental Visits/Costs: __________ Gym Membership Costs: _________ 16 11/28/2020

Insert Photo, Video, Clip Art Gym, Workout 17 11/28/2020

Gifts/Donations Budget monies per month for: FAMILY EVENTS Birthdays: ______ Weddings: ______ Personal Relationships: ______ Gifts or donations to Church, Food Bank __________ 18 11/28/2020

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: _________________ 19 11/28/2020

Write-up State what you learned doing this project. 20 11/28/2020