Get a life Abdul Haidara. Definition WordDefinition Income The consumption and savings opportunity gained by an entity within a specified timeframe, which.

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Presentation transcript:

Get a life Abdul Haidara

Definition WordDefinition Income The consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Expense Outflow of money to another person or group to pay for an item or service Gross Income An individual's total personal income before taking taxes or deductions into account. Net Income Is an entity's income minus cost of goods sold, expenses and taxes for an accounting period. Fixed Expenses expenses that do not change as a function of the activity of a business, within the relevant period.

Explore occupation ExpenseAmount Monthly (include source also): Student Loan N/A Football-PE-Ptnr-US&Gcamp=A017PEP-Football&ADG=01- PE&LandingPage Utilities (10% of your rent or mortgage)$54.50 Rent or Mortgage Rent $545 per month carolina/charlotte-apartments/the-timbers Car Loan $6000 $500 per month Health Insurance per month Savings (5% of your net income)$ from bank savings per month Other: bank fee$15 Other: Internet and phone$ Other: Car car/default.html?id= &Ep=homepage:homepage+PV1&pv=1 Other:

Monthly expenses All Fixed Expenses$2,000$1, New Leisure Clothes clothing.html $80$64.75 New Business Professional clothes hing/new-arrivals/ $500.00$ Car Gas$200.00$ Video games Online $12.00$10.99 Food$250.00$ Total Expenses$3,142$1,425.80

Housing After you find a place to live, fill in this important information for your budget: Monthly cost: _____________$545__________ Percent of monthly income: ___________14.35%______ Cost of utilities: _____________69.45_________ Homeowners association fee or other expense: _______N/A______

Transportation Car: $40 per weekSUV: $60 per weekTruck: $50 per week Once you choose your transportation, fill in the information below: Monthly cost: Gas (Only for cars): ________________$160____________

Shop for home Washer and Dryer top-load-washer-and-6-5-cu-ft-electric- dryer/item/NTW4605PAIR Bed boxspring-for-sertapedic- mattresses/item/ Couch spartner=wlpa&adid= &wl0=&wl1=g&wl2=c&wl3= & wl4=&wl5=pla&wl6= &veh=sem Dresser spartner=wlpa&selectedSellerId=0&adidhttp:// spartner=wlpa&selectedSellerId=0&adid= &wl0=&wl1=g&wl2= c&wl3= &wl4=&wl5=pla&wl6= &ve h=sem Lamp craft-conway-table- lamp?ID= &CategoryID=57497#fn=sp %3D1%2 6spc%3D360%26ruleId%3D%26slotId%3D Microwavehttp://local.sears.com/Kenmore-Cu-Ft- Stainless-Countertop-Microwave/p P?st=1646&sid=IDx x0 0001xlpla#!/ 89.99

Major event Major Event: ___Marriage in Bahamas________Cost: __$2,763.98____________________ Income – Event: _____________$7,275.80___________________ Do you have money left over, or will you be short on your budget? _______$204______________________________ How much money do you have in your savings? _________$2,380.80______________________________________ _____ Minus your savings, now determine how much more money you need or how much money you have left over _________________________$2,131.02______________________ Make any adjustments needed to your budget for the year.