household_monthly_budget_project by fanzhongqing

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									                                                                            Student Name
                                                                              Class Period
              Household Monthly Budget Project:
Salary (25 points): Here you will calculate your monthly salary in
order to determine how much money you can spend each month.
Yearly Salary (Entry Level Salary from CareerCruising.com)

 $                        / (divided by) 12 (months) =            $

 $                        x (multiplied by) .85 (15% taxes) = $
Month Salary (take home pay after taxes) = $


Expenses (75 points): Here you will use the internet to research normal monthly living
expenses and determine what you can afford and what you are willing to pay for.

Fixed Expenses (40 of 75 points): These are the expenses that don’t normally change
from month to month.

Mortgage/Rent (where, what type, picture, etc):

Website:

Car/Vehicle (what kind, monthly payment, picture, etc):

Website:

Student Loan Payments (based on your college choice – average monthly payment
amount):

Website:

Insurance (Car, Home, and Life, monthly amount for each, etc):

Website:

Charitable Contributions (How much and to who):

Website:

Child Care (Where, how much, how many children, etc):

Website:

Savings (How much are you going to save… PAY YOURSELF!!!)

Website:
                                                                           Student Name
                                                                             Class Period
Variable Expenses (20 of 75 points): These are the expenses that can change from
month to month.

Electric/Gas (What company, average monthly cost, etc):

Website:

Cell Phone (what kind, monthly payment including date, text, etc, how many phones
on the plan, etc):

Website:

Cable/Dish (what package, how many rooms, monthly cost):

Website:

Internet (Provider, speed, monthly cost):

Website:

Food (Groceries and dining out):

Website:

Gasoline (How far are you driving, what kind of gas mileage do you get, average
monthly cost):

Website:

Pet Supplies (If you are going to have animals please budget for their food, grooming,
and medical cost)

Website:

Medical/Health Care (will you have Health Insurance at your job, what will your
monthly cost be, what about planning for medical emergencies):

Website:

Personal Care (clothing, hair, etc):

Website:

Credit Card Debt (what does the average American pay monthly in debt, will you have
credit card debt, if so how much, what will you pay per month):

Website:
                                                                             Student Name
                                                                               Class Period
Extra Expenses (15 of 75 points): These are the expenses that aren’t required, but often
use a large majority of your budget if not carefully planned for.

Entertainment ( Movies, Concerts, Going out, etc):

Gifts (Birthdays, Anniversary, Christmas, etc):

Miscellaneous (What else money on… furniture, decorative items, a pool, vacations?)

								
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