1. Class Project Mr.McEwen
PERSONAL BUDGET
Class Project
Mr.McEwen

2. Introduction Make a Household Budget
Use the Basic Math Skills Necessary to Make a Balanced Budget
Valuable Life Skill

3. Overview Try to make a monthly budget
Explain how all the individual costs fit together for financial wellness
Realistic as possible
Job
Rent
Bill
Food
Car
Gas
Fun
Misc
Edu

4. Income List the income by: The amounts allotted to each grade.
Hourly wages
Monthly wages
The amounts allotted to each grade.
A: $40/hour B: $ 32/hour
C: $24/hour D: $16/hour
F: $8/hour

5. Income
Gross income
State Taxes
Federal Taxes
SDI
FICA
Net income

6. Household Expense Taxes* Mortgage *
Food * $5/meal, 3 meals/day, 30 day/mo
Heating/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
Gas
Maintenance
Insurance
Credit Cards – payment only
Entertainment
Satellite TV
Movies

8. Summary Want Income as Hourly & Monthly
Want a List of Monthly Expenses
Want a Total of Monthly Expenses
Want a Income/Expense Comparison
Monthly
Yearly
No negative balances
Conclusion – What have you learned?

9. Internet Information
Government websites have current SDI & FICA deductions.
Look up current Federal & State Taxes
Workman’s comp costs
You may look up property costs in other states
There are sites with minimum costs for expenses
Need a list of each website for references

10. Where to Get More Information
Modesto Bee
Internet sites
Modbee.com
ATT.com
PG&E.com
Google
Hud.gov
Parent/Guardian

11. Budget Example

12. Conclusion Page Conclusion must be about a page in length
Should be typed and double spaced
Need to explain what you have learned from this exercise
Want to include what kind of job would be needed to earn your dollar amount
Where you would have to live
Realistic earns max points.