Name_____________________

Budget
Assume
1. You are single with no children.
2. Down payments of loans and any damage deposit on dwellings have been paid in full.
3. You have fully furnished kitchen and the clothes on your back.
4. You are broke after paying #2.
5. You are starting a job in your chosen profession.
6. You are 22 and have either a 4 year degree or less education for your profession, but no experience in the job you
are entering.
7. You are 22 years, which means your birthday right now would be _________________

Position
A. Research three careers with 4 years of education or less. (You can log into Career Cruising). Tell in complete
sentences the income range, the education needed, and job opportunities.
1.

2.

3.

B. Choose a job. __________________________ (This job must be approved by me and CANNOT be things like:
professional athletes, actors, musicians, etc. If you arent sure, ask!)
 Name_____________________
Laundry
1. Monthly cost of washing your clothes __________________________________
2. Where are you washing your clothes? ___________________________________

Eating Out
1. Breakfast Cost (beverage and entre) Restaurant ____________________ L.__________
2. Lunch or Dinner (drink, entre, dessert) Restaurant __________________ L.__________
Total L. __________
Times 4: Monthly Cost L. _________

Household Items: Ask an adult or accompany them to the supermarket

1. Laundry detergent $__________
2. Dish detergent $__________
3. Bleach $__________
4. Furniture Polish $__________
5. Toilet Paper (4pk) $__________
7. $__________
8. $__________
9. $__________
10. ________________________ $__________
11. ________________________ $__________
Total $ __________
15% Tax $__________
Total $__________

Personal Care Product: Ask an adult or buy online * Add anything specific to you
1. Body Soap/Wash $__________
2. Shampoo $__________
3. Conditioner $__________
4. Hair Styling Products $__________
5. Toothpaste $__________
6. Toothbrush $__________
7. Deodorant $__________
8. Razors and Blades $__________
 Name_____________________
9. Cologne/aftershave $__________
10. Hair brush $__________
11. ________________________ $__________
12. ________________________ $__________
Total $ __________
6% Tax $__________
Total $__________

Rent House or an Apartment (You are not to buy a house.)

1. Find a dwelling listed in the newspaper or call a rental agency.
Write the ad here:

How many bedrooms? _________________ Is it furnished? (It will say if it is. If yes, a list of items
included must be included) _________________________Is there a washer and dryer? (It will say if it is.) ________
Are utilities included? (It will say if it is.) __________ How much is the security deposit? (same as 1 months rent)
____________________ How much is monthly rent? ______________________

2. If the utilities are included, please write included on the line. You must research the cost of each utility not
included in your rental. Ask your parents .
Cable $__________
Water/Sewer $__________
Internet $__________
Garbage $__________
Electricity $__________

Are animals allowed?(It will say if they are.) ________ Extra cost $__________
Total Monthly Utilities NOT included in Rent $__________

3. If the rental is furnished, include a list on a separate sheet telling everything that is included. You have a fully
furnished kitchen. Some may be given to you by friends and/or family, some you may already have, and some you will
need to purchase. Explain the situation for each piece. For an unfurnished rental, you must have the basic furniture, put
the monthly cost on the line if new and full price if used.:
Couch__________________________________________________________________________ $__________
 Name_____________________
TV ____________________________________________________________________________ $__________
Coffee Table ____________________________________________________________________ $__________
Lamps _________________________________________________________________________ $__________
Bed ___________________________________________________________________________ $__________
Dresser _________________________________________________________________________ $__________
Desk ___________________________________________________________________________ $__________
Kitchen Table and Chairs _________________________________________________________ $__________
Nightstand _____________________________________________________________________ $__________
Total Monthly Furniture Cost $_______________

Transportation
Car or Public Transportation Model _______________ Year __________
Include ad from paper or other proof of price.
1. What is the cost of the vehicle? L__________

4. Total amount of car loan L__________

5. Name of loan source (bank) ____________________
6. Interest rate on car loan __________
7. Number of year for financing New: 4 years or Used: 3years
7a. Number of moths financed (years times 12) __________
8. Compute monthly payment: ___________ (yearly interest) * number of years = ______________
10. GAS
A. Monthly miles driven = 1000
B. Find average miles per gallon for your car __________
C. Gas Station used __________ L________/liter or gallon
D. Cost of Gas Per Month (divide A by B and multiply by C) $__________
11. Total Monthly Transportation ( public transportation or otherwise) L__________

Insurance
You must have coverage for all of the following. All coverage information must be included on a separate sheet.
These can be found online.
1. Vehicle:
A. Monthly Cost$__________
2. Health

B. Monthly Cost$__________
 Name_____________________

3. Life:
A. Monthly Cost$__________

Telephone: Cell phone or home phone. Cost per month $___________ per month

Food
1. Name of grocery store or stores you priced at ___________________
2. All item Must Be Priced. Ask your parents to help.
3. The following list is for 2 people preparing 3 meals a day for one week.
4. You may substitute with a similar item.
1 package of noodles $_____ 1 pkg. cookies $_____
1 lrg box cereal $_____ 1 bag chips $_____
1 jar spaghetti sauce $_____ 1 bottle salad dressing $_____
2lbs potatoes $_____ 2 tubes ref. biscuits $_____
1 dozen eggs $_____ 1 frozen pie or cake $_____
1 gal. 2% milk $_____ 1 12pk soda $_____
2 loaves bread $_____ 1lb pot-roast $_____
1lb. margarine $_____ 1 can tuna $_____
1 box (3) juice drink $_____ 1 jar mustard or mayonnaise $_____
1 can juice $_____ 1 lb. lunch meat $_____
1 jar jam $_____ 1 pk. sliced cheese $_____
1 lb. chicken breast $_____ gallon ice cream $_____
1 lb. ground beef $_____ 1 jar instant coffee $_____
1 lb. apples $_____ 1 lb. sugar $_____
1 lb. other fruit $_____ 1 bottle catsup $_____
1 head lettuce $_____ 1 jar peanut butter $_____
1 pkg frozen corn $_____ 1 pkg. hamburger buns $_____
1 can green beans/peas $_____

Total cost of food for one week $__________

Multiply by 4 $__________
Divide by 2 $__________ Monthly food cost

Clothing
 Name_____________________
1. Name of sources _______________________________________________________
2. The following items are needed for a basic wardrobe and to supplement yearly.
3. If you need specific clothing for your career, add those items.
4. Describe the item briefly.
5. Be sure to multiply the cost by the number of each item that you need.
Tennis Shoes __________________________________________________ $__________
Casual Shoes __________________________________________________ $__________
Dress Shoes ___________________________________________________ $__________
Socks (6 pairs) _________________________________________________ $__________
Pantyhose (4 pairs) ______________________________________________ $__________
Undergarments (6 pair) __________________________________________ $__________
Under shirts or T-shirts (5) _______________________________________ $__________
Jeans (3) ______________________________________________________ $__________
Dress Pants (2) _________________________________________________ $__________
Skirts or Dresses (3) _____________________________________________ $__________
Sweaters (5) ___________________________________________________ $__________
Shirts (5) _____________________________________________________ $__________
Jacket /Coat (1) ________________________________________________ $__________
Belt (1) ______________________________________________________ $__________
Something to Sleep In __________________________________________ $__________
Winter Hat and Gloves __________________________________________ $__________
Towels (2 sets of bath, hand, wash cloths) ___________________________ $__________
Sheets (2 sets with pillow cases) __________________________________ $__________
Blanket (1) ___________________________________________________ $__________
Purse or wallet ________________________________________________ $__________
____________________________________________________________ $__________
____________________________________________________________ $__________
____________________________________________________________ $__________

Total $___________
15% tax $__________
Total Yearly $__________
Divide by 12 to get monthly $__________
 Name_____________________

Monthly Budget: Use the totals from each area that you figured on the previous pages.
Monthly Net Income $__________

Rental Payment $__________

Utility $__________
Furniture Payment $__________
Vehicle or transportation Costs $__________
Insurance (Total for all) $__________
Telephone $__________

Food $__________
Laundry $__________
Household Items $__________
Personal Care $__________
Eating Out $__________
Clothing $__________
TOTAL EXPENSES $__________
MONEY LEFT EACH MONTH $________________

Summary: This is the most important part of the paper. It should be a page long.
On a separate sheet explain what you will do with your left over income each month.
Remember no costs were figured for entertaining or miscellaneous spending. What will you
do? What else would you need or want to spend money on? If you have less than L.500 left
over, how will you live differently, so you have more? If you have no income left and have
overextended yourself, what will you do to live within your income?
Then write a paragraph about what you learned from this project. Also include any
suggestions that you have on things to add or change.