Professional Documents
Culture Documents
You will eventually move out on your own! Fill out this worksheet based on how you anticipate living the first year out on y
living at home initially, create this budget for when you do move out. You can use the sample income and expenses pro
own.
State
Income
Employment income (NET income after deductions)
Type the name of your career and title here. (Remember you must start with our NET
income from the average STARTING SALARY for the STATE)
Other income
Seasonal or other Part Time Work (specify)
Other (be specific, such as Uber driver on weekends)
Other (be specific)
Total Income
Expenses
Fixed Expenses
Housing (Mortgage or Rent)
Transportation (Car payment or or public transit)
Insurance (home owners OR renters)
Insurance (car)
Insurance (medical + dental)
Insurance (vision)
Utilities (electricity, gas, internet)
College Debt
Gasoline
Total fixed expenses
Variable Expenses
Food (groceries, eating out, coffee, etc.)
Household (cleaning, maintenance, furniture, etc. : minimum must be $20)
Childcare
Pets
Vehicle Maintainance (oil changes + tires, etc. : if you own a car minimum must be $10)
Prescriptions
Clothing (may not be a monthy expense but adds up: $10 minimum)
Personal care (hair care,etc.; minimum $5)
Recreation (Netflix, movies, games, music, DVD/videos, clubs, gym membership)
Travel (vacations or home for the holidays)
Gifts and charitable donations
Cell Phone (Avg US minimum must be $114)
Savings (experts say you should aim for 5% of your salary)
Total variable expenses
ipate living the first year out on your own. Even if you plan on
e sample income and expenses provided or research costs on your
$0.00
$0.00
$0.00
$0.00 $0.00
Totals will fill automatically
$0.00
$575.00 $6,900.00
$182.00 $2,184.00
$15.00 $180.00
$75.50 $906.00
$341.95 $4,103.40
$0.00
$199.13 $2,389.56
$229.00 $2,748.00
$54.00 $648.00
$1,671.58 $20,058.96
$592.00 $7,104.00
$50.00 $600.00
$0.00 $0.00
$0.00 $0.00
$30.00 $360.00
$0.00 $0.00
$20.00 $240.00
$10.00 $120.00
$43.00 $516.00
$0.00 $0.00
$30.00 $360.00
$114.00 $1,368.00
$275.00 $3,300.00
$1,164.00 $13,968.00
$2,835.58 $34,026.96
-$2,835.58
-$34,026.96