Personal budget

project

Jaleel Savizon
My salary and lifestyle
• Yearly gross salary 45,000
• Children: I have one child and there 1 years old
• State where I live and work: I live and work in Georgia
• Total monthly income: 3525.41
Where I will live
• Location: Acworth, Ga
• Renting/buying: Renting an apartment
• Address: Acworth, Ga 30101
• Monthly rent: $770
Transportation

• I'm buying a car

• Monthly payment: $70
monthly cost and monthly gas
would $40.
 •Cell phone: nice phone $50/monthly
Additiona •Power Bill: $120/monthly

l living
•Water Bill:$50/monthly
•Cable/Intern:$49.99

expenses •Health Insurance:$189

•Car Insurance:$175
•Groceries/Eating Out:$400
•Pets
•Saving:$352.54
•Childcare:$150
•Clothes•
Entertainment
 2. After completing the budget,
1. Was the lifestyle you chose 3. What makes a budget an
would you change any of your
(the size of your house, the car you effective money management tool?
spending choices? Think about fixed
bought) reasonable for the salary you Because if you have a budget, you
vs. variable expenses and wants vs.
were given? Why or why not?: I can not only save for things you want
needs. I don’t think that I would
think that it was reasonable because but it can really help with things you
change anything because I feel like
it stayed within my budget, and I was need and to keep you financially
the choices, I made were okay
able to have a little extra money. stable in a way.
choices

5. What are 3 things you

learned in doing this project? Explain
thoroughly! I learned how important
4. Are you able to meet the
budgets were and how effective they
SART goal you set in Step 1? Why or
can be. I also learned that buying
why not?
stuff comes with a lot of
responsibility when it comes to your
money. Lastly I learned that