Budget Worksheet Medical Insurance: $100 estimate Monthly house payment or rent: Utilities: Car payment: Car Insurance: $100 estimate Telephone Add $29.99 Internet DSL--$31.99 Dial-up $21.99 Cell phone Which plan? How much does it cost? TV Cable $45.60/month Satellite $41.99/month Food $400 estimate Gas for car $200 Estimate Entertainment---How much money should you set aside for movies, going out to eat, fun, etc. Did you earn a college degree? If so, you must pay your student loans. Look below to see how much your monthly payments will be. If you had to have a Bachelors Degree, estimate $150 a month for student loans. If you had to have a Masters Degree add, $100 a month in addition to the $150, which is $250 If you had to have a Doctorate degree, add $150 a month to the $150 and $100 for student loans, which is $400. Savings. How much money will you put away in case of an emergency such as your car needing repair, buying new furniture, vacations, losing your job, etc. What is your Net Monthly Income? What is the total of all of your bills? This MUST be less than your income or you can’t afford your choices. Subtract your monthly bills from your Net Monthly Income. How much is left?