Can you live off of $3,000 a month?

Pay = $15.00 an hour X 80 hours (bi-weekly pay) = $1,200 X 2 (monthly pay) = $2,400 + $600 additional = $3,000 income

DEDUCTIONS AMOUNT REMAINDING

BASIC SALES TAX (THE GOVERNMENT) 6% = $180.00 $3,000-$180= $2,820
RENT (APARTMENT) 1 BED / 1 BATH = $1,200 $2,820- $1,200= $1,620
50/30/20 RULE: 50% NEEDS / 30% WANTS / 20% SAVINGS
USE THE REMAINDING AMOUNT AFTER TAX & RENT ($1,620) AND APPLY THE 50/30/20 RULE.
NEEDS: 50% = $810 WANTS: 30% = $486 SAVINGS: 20% = $324
UTILITIES ( L,W,C,I ) OUT TO EAT / FAST FOOD TO BUY A HOME
FOOD EXTRA CURRICULAR ACTIVITIES TO BUY A NEW CAR
TRANSPORTATION (CAR/UBER/BUS) HAIR VACATION
CELL PHONES SHOPPING HOLIDAYS / BIRTHDAYS
INSURANCE (CAR/RENTERS/HEALTH/PHONE) PERSONAL MAITENANCE SHORT & LONG TERM GOALS

NEEDS: 50% = $810 AMOUNT

LIGHT BILL:
WATER BILL:
CABLE BILL:
INTERNET BILL:
FOOD FOR THE MONTH:
CAR PAYMENT:
GAS:
UBER:
BUS:
CELL PHONE:
RENTERS INSURANCE:
CAR INSURANCE:
CELL PHONE INSURANCE:
HEALTH INSURANCE:

TOTAL: $810.00

WANTS: 30% = $486 AMOUNT SAVINGS: 20% = $324 AMOUNT

OUT TO EAT / FAST FOOD: TO BUY A HOME
EXTRA CURRICULAR ACTIVITIES: TO BUY A NEW CAR
HAIR: VACATION
SHOPPING: HOLIDAYS / BIRTHDAYS
PERSONAL MAITENANCE: SHORT & LONG TERM GOALS

TOTAL: $486.00 TOTAL: $324.00

REVIEW
1. DO YOU HAVE ENOUGH MONEY TO LIVE YOUR LIFE ?

2. ONE THING HARD ABOUT BUDGETING ?

3. WHAT DO YOU THINK ABOUT ADULTHOOD ?

4. HOW CAN YOU MAKE MORE MONEY TO LIVE THE LIFE YOU WANT ?