Get documents about "Budget Worksheet
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- 5/16/2012
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Budget Worksheet
Location1: Location 2:
Income Budgeted Income Budgeted
Total Income: Total Income:
Expenses Budgeted Expenses Budgeted
Rent Rent
Student Loan Student Loan
Savings Plan Savings Plan
Car Payment Car Payment
Car Maint/Oil Car Maint/Oil
Car Insurance Car Insurance
Car gas Car gas
Health Insurance/Meds Health Insurance/Meds
Food Food
Toiletries Toiletries
Household Items Household Items
Gas/Elec Gas/Elec
Water/Trash Water/Trash
Phone Phone
Cable/Internet Cable/Internet
Personal Care Personal Care
Dining Out Dining Out
Entertainment Entertainment
Clothing Clothing
Miscellaneous Miscellaneous
Total Expenses: Total Expenses:
Income Income
- Expenses - Expenses
Left over: Left over:
Part 1: SMART GOALS
Write the Goals in complete sentences and then address how each part is met.
1.) Short-Term Goal:
• S
• M
• A
• R
• T
2.) Intermediate-Term Goal:
• S
• M
• A
• R
• T
3.) Long-Term Goal:
• S
• M
• A
• R
• T
Parts 2: Basic Living Expenses
Be as detailed as possible. This is where I am going to get a glimpse of how thought about this project.
1.) Did you choose to live alone or with roommates? If roommates, how many do you have?
2.) How did you calculate gas and electric costs?
3.) How did you calculate water and trash costs?
Part 3: Employment
Be as detailed as possible. This is where I am going to get a glimpse of how thought about this project.
My career is________________________________
1.) Why is that job good for your goals?
2.) What criteria did you have for picking your job?
3.) What benefits would you like to receive? Do you think you would get them?
4.) Salary:
Location1:____________________ Location 2:________________________
Gross Yearly Income____________ Gross Yearly Income________________
Federal Tax___________ Federal Tax_____________
State Tax _____________ State Tax________________
I get taxed _____% of my income. I get taxed _____% of my income
Net monthly salary__________ Net monthly salary__________
Part 4: Insurance
Be as detailed as possible. This is where I am going to get a glimpse of how thought about this project.
1.) What car insurance did you choose for each location? Why did you choose those plans?
2.) What health insurance did you choose for each location? Why did you choose those plans?
3.) What other types of insurance are there that you might consider purchasing?
4.) What is something you learned from reading through Unit 6 in your workbooks?
Part 5: Transportation
Be as detailed as possible. This is where I am going to get a glimpse of how thought about this project.
1.) The car I purchase was a new/old ____________________ for _________________
2.) For location 1 my options were a _____% loan for _______ years or
a _______% loan for _______ years.
I picked the option with _____% for _______years.
My monthly payment is _____________
Work:
3.) For location 2 my options were a _____% loan for _______ years or
a _______% loan for _______ years.
I picked the option with _____% for _______years.
My monthly payment is _____________
Work:
4.) How did you calculate car gas?
5.) How did you calculate car maintenance, oil change, etc.?
Parts 6: Student Loan
Be as detailed as possible. This is where I am going to get a glimpse of how thought about this project.
Part 6: Student Loan Data
My student loan is __________________ and my monthly payments are _____________
Work:
Parts 7: Savings
Be as detailed as possible. This is where I am going to get a glimpse of how thought about this project.
Part 7: Savings
1.) Option 1 for savings is at ____________________________.
They will give me_______% compounded ______________.
Option 2 for savings is at ____________________________.
They will give me_______% compounded ______________.
I chose Option 1/ Option 2
2.) The monthly interest rate is ____________
Work:
3.) I will deposit ___________ monthly. This means I will have ____________ in 5 years.
Work:
4.) Are your SMART goals attainable with this savings?
5.) What other types of things might you be saving for?
6.) How did you decide how much to put into savings?
Part 8: Other Expenses
Be as detailed as possible. This is where I am going to get a glimpse of how thought about this project.
1.) How did you calculate food?
2.) What did you include as personal care and how much?
3.) How did you calculate entertainment? What types of things did you include?
4.) How did you calculate dining out?
5.) How did you decide how much to put aside for clothing?
6.) How did you decide how much to put in as miscellaneous?
Part 9: Final Questionnaire
Be as detailed as possible. This is where I am going to get a glimpse of how thought about this project.
1.) What did you find most challenging about this project?
2.) Did you find anything surprising?
3.) What are some factors that could alter your budget?
4.) How would having a spouse alter your budget?
5.) How would having a child alter your budget? Does your current budget allow for a child?
6.) Which location would you choose and why?
Part 5: Transportation (alt)
Be as detailed as possible. This is where I am going to get a glimpse of how thought about this project.
1.) The car I purchase was a new/old ____________________ for _________________
2.) For location 1 my options were a _____% loan for _______ years or
a _______% loan for _______ years.
I picked the option with _____% for _______years.
My monthly payment is _____________
Work:
3.) For location 2 I decided I would not own a car. I will spend ____________ on public transportation.
I will save __________ by not having a car.
Work:
4.) How did you calculate car gas for location 1?
5.) How did you calculate car maintenance, oil change, etc. for location 1?
