Presentation on theme: "Class Project Mr.McEwen"— Presentation transcript:
1 Class Project Mr.McEwen PERSONAL BUDGETClass ProjectMr.McEwen
2 Introduction Make a Household Budget Use the Basic Math Skills Necessary to Make a Balanced BudgetValuable Life Skill
3 Overview Try to make a monthly budget Explain how all the individual costs fit together for financial wellnessRealistic as possibleJobRentBillFoodCarGasFunMiscEdu
4 Income List the income by: The amounts allotted to each grade. Hourly wagesMonthly wagesThe amounts allotted to each grade.A: $40/hour B: $ 32/hourC: $24/hour D: $16/hourF: $8/hour
5 IncomeGross incomeState TaxesFederal TaxesSDIFICANet income
6 Household Expense Taxes* Mortgage * Food * $5/meal, 3 meals/day, 30 day/moHeating/Cooling @ $0.35 per sq ft *Phone – land line$96 (Modesto)Transportation** indicates a must have
7 Optional Expenses Car Payments Credit Cards – payment only GasMaintenanceInsuranceCredit Cards – payment onlyEntertainmentSatellite TVMovies
8 Summary Want Income as Hourly & Monthly Want a List of Monthly ExpensesWant a Total of Monthly ExpensesWant a Income/Expense ComparisonMonthlyYearlyNo negative balancesConclusion – What have you learned?
9 Internet InformationGovernment websites have current SDI & FICA deductions.Look up current Federal & State TaxesWorkman’s comp costsYou may look up property costs in other statesThere are sites with minimum costs for expensesNeed a list of each website for references
10 Where to Get More Information Modesto BeeInternet sitesModbee.comATT.comPG&E.comGoogleHud.govParent/Guardian
12 Conclusion Page Conclusion must be about a page in length Should be typed and double spacedNeed to explain what you have learned from this exerciseWant to include what kind of job would be needed to earn your dollar amountWhere you would have to liveRealistic earns max points.