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Excel Activity #2b Budgeting. Overview & Income Example Budget - an estimate of income and expenditure for a set period of time. Minimum Wage Job – –

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Presentation on theme: "Excel Activity #2b Budgeting. Overview & Income Example Budget - an estimate of income and expenditure for a set period of time. Minimum Wage Job – –"— Presentation transcript:

1 Excel Activity #2b Budgeting

2 Overview & Income Example Budget - an estimate of income and expenditure for a set period of time. Minimum Wage Job – – Washington $9.32 – full time 40 hours a week – 40*9.32 = $372.80 per week – $372.80*4 = $1,491.20 Gross pay – $1,491.20*.15 = $223.68 federal taxes – $1,491.20-$223.69 = $1,267.51 month (without other deductions included)

3 Expenses Housing Electricity Transportation Phone Internet TV Food Clothes Eating Out Movies Video Games Credit Cards Car Insurance Health Insurance Rental/House Insurance Gas/Maintenance Savings/Investments Shopping/Hanging Out School Books Items Necessary for Job Housing Incidentals Miscellaneous Medicines

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