Go to Mr. Rylaarsdam’s website http://mysite.auhsd.us/personal/rylaarsdam_m/ virtualenterprise/default.aspx Find the “VE Personal Finance” link on the left site of the page Open “Setting Up Personal Finance” and “Personal Budget Template” underneath the section “Tasks” Using the instructions on “Setting Up Personal Finance,” you will be creating your monthly budget on the template
Step 1: Fill in personal information: Name Job Salary (Gross) Found underneath your job description (also on Mr. R’s page) Net salary will be calculated by Excel
Step 2: Find somewhere to live Sherlock is based in ____________. Find local rental guides Apartments or houses If with roommates: one person per room! Save proof and update worksheet Step 3: Find renter’s insurance quotes www.progressive.com www.progressive.com Use information on task list to find insurance DO NOT CONTINUE TO BUY! Save proof and update worksheet
Step 4: Utilities If apartment complex pays some utilities for you, you DO NOT need to fill in the box that applies If not, go to the “Electricity and Gas” tab to determine costs Update and save the worksheet Step 5: Water Bill Using the rate on the task sheet, calculate your water bill Apartment: $10 per room House $15 per room Update and save the worksheet
Step 6: Telephone Phone bill: choose the carrier and plan You MUST have cellular and/or landline Save the proof and update the worksheet Step 7: Cable TV Choose a cable company and plan Save the proof, and update the worksheet Step 8: Internet Choose an internet provider and plan Save proof and update the worksheet You may use the same company for all three steps if it provides all plans (ex: Verizon, AT&T)
Step 9: Car Don’t be overly ambitious, or you WILL run out of money Used or new car Save the proof and update the worksheet Step 10: Car Loan Payment Use provided link and car proof to determine your monthly payment
Step 11: Car Insurance Choose a insurance company Use the information given on the task sheet and information found to calculate insurance DO NOT BUY! Press print quote and just save proof Update worksheet Step 12: Gasoline Use your budget worksheet tab labeled “Gasoline” Fill in needed information and calculate Update and save the worksheet
Step 13: Food Just enter in the cost found on the task sheet Males: $400 Females: $250 Step 14: Household Supplies Just enter in the cost found on the task sheet $40
Find charities to donate to This is not optional! Research and determine how much you want to donate Save the proof and update the worksheet Find health and life insurance, retirement fund Leave this blank for now; services may be provided by Sherlock Determine your flexible living expenses Save your worksheet
After you think you have completed the Personal Budget, save the worksheet as indicated on the task sheet Email it to me at email@example.com@yahoo.com This presentation will be on Mr. Rylaarsdam’s website too, just in case you need it. Feel free to email me questions and concerns if you have them!
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