PERSONAL BUDGET #2

MONTHLY INCOME:

Your annual salary is $ ____72,300___________

Use the following calculations to determine your hourly:
Annual salary $___72,300______ / 52 weeks / 40 hours =
You are earning $____34.75_____ per hour.
Use the following calculations to determine your monthly
take-home (net) income, based on a 15% tax rate:
___34.75__ per hour x 40 hours x 4 weeks x 15% (.85) net
pay after taxes, = $___4727.30________

MONTHLY EXPENSES:
(NOTE: the total expenses MUST equal the monthly net income)
*
*
*
*
*
*
*
*
*
*
*
*

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.

Rent
Food
Personal Care
Telephone
Gas (heating)
Electric
Car Insurance
Car Payment
Gasoline
Baby Supplies
Entertainment
Clothing
Gifts
Loan Repayment ($1,000 12 months)
Health Insurance (above what employer pays)
Savings
3% or less

$____1095____
$___375.78_____
$ ___45.31_____
$___112.78_____
$___45_____
$__292.84______
$__47.15______
$___120_____
$___139.46_____
$___0____
$__1284.15______
$__485.37______
$___53.96_____
$___83.3_____
$__120___
$___427.2_____

TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $___4727.30_____

(All asterisked items must show calculations and details with proof on additional pages.)

SCENARIO
My name is Keerem Lizardi barely got married to my beloved husband, his name
is Alberto Noriega, we been together since high school. Therefore, we have been together
for 6 years, and we barely got married 2 years ago. Im an animator and earn about
46,954 per year and my husband is a photographer he earns 25,347 a year. We started
dating when we were 17 years old, we had some classes together and he was my best
friend. Since we got together every day has been the best with him by my side. In our 4
years anniversary we went on a date by the beach. We stayed on a house we rented there,
we stayed for about 4 days. We went to many places and in each place he gave me a letter
with the first letter of the beginning of each one big and pretty. He gave me 15 of those
letters, in each letter he wrote of the things he liked about me and how much he enjoyed
being with me, and how he wanted to be with me forever. He proposed to me the last day
of our stay in that beach, I obviously said yes. We went back to tell everything to our
parents and family and started to plan our wedding. We had a lovely wedding, even
thought it was a totally stress to plan everything out, make sure that everything was
perfect, but that everyone enjoyed the party. In our honey moon we went to France and
Moscow. When we came back we already had been looking for a big house, for when we
had kids, but none of the ones we saw were pretty enough for me. Then, since we
couldnt make up our mind we rented an apartment, hoping to find another house. We
havent had any kids because we feel that we are not ready for all the responsibility. In
the future we might have some but not in these couple years, we work a lot and dont
have time to take care of a kid right now.

PICTURES

Going to my friends baby shower

Fooling around in work

In a Halloween party

Me and my husband cooking

Me and my husband in our front yard

This was Easter at the mall

We were at target

I was helping him shave his

beard

We were in a party

RENT

1095/month

FOOD 375.78/month
BREAKFAST 135.34/month

SNACK 86.42/month

LUNCH 67.34/month

DINNER 86.68/month

PERSONAL CARE 45.31/month

TELEPHONE 112.78/month

ELECTRICITY 73.27x4= 292.84/month

CAR INSURANCE 47.15/month

CAR 120/month

GASOLINE 139.46/month
* SITUATION: You live ten miles away from your job. Thus, you drive 20 miles
a day, 22 work days a month.
* Your car gets ______25______ miles per gallon
* Gasoline costs ____2.93_________ per gallon
* Show your calculations for both work-related driving and additional driving for
pleasure.
Figure this way:
Work driving:
___20___ miles of work driving each day x 22 days.
Then divide by___25_____ miles per gallon.
Then x _____2.93_____ (cost per gallon).= $____51.56______
Additional driving: (Minimum number of miles = ___25_________)
___750____ miles of driving in a month _____25___ miles per gallon.
Then x ____2.93_______ (cost per gallon) = $____87.9__________
Then --- add the subtotals for work driving and additional driving, and
enter that amount on your cover page listing of Gasoline.

ENTERTAINMENT: 1284.15/month

Activity

Price each time/unit

Park
$0
Movie
$17.09
Mini Golf
$9.50
Hiking
$0
Beach
$0
Fair
$28.95
Six flags
$76.99
Mall
$0
Whale watching $32
Diving
$0
Speed zone
$39.99
Paintball
$20
Universal studios $80
Museum
$15
Zoo
$50
Disneyland
$185
Aquarium
$29.95

Number of times/items
3
4
2
3
1
1
2
1
2
3
2
4
2
2
2
2
2

Total price
$0
$68.36
$19
$0
$0
$28.95
$162.97
$0
$64
$0
$180.97
$40
$160
$30
$100
$370
$59.90

CLOTHING: 485.37/month

GIFTS: 53.96/month
* Figure out ALL of the gifts you will buy for ONE YEAR.
Birthdays:

Description of gift

1. Mom
dress
2. Father
shirt
3. Albert
shoes
4. Sister
dress
5. Brother
shirt
List holiday:
1. Mom
hat
2. Father
shoes
3. Albert
shoes
4. Sister
shoes
5. Brother
shoes
List holiday:
1. Mom
purse
2. Father
shoes
3. Albert
wallet
4. Sister
purse
5. Brother
game
Wedding:
1.
Waffle maker
2.
Coffee maker
3.
Dinnerware
4.
Popcorn maker

$__25.20____
$__22.40____
$__69.99____
$__21.00____

1. Mothers day
2. Fathers day

dress
wallet

Price per gift

$___10___
$_19.90__
$__32.90____
$___10.90___
$__27.90____
$___13.99___
$__29.90____
$__39.90____
$__19.99____
$__34.90____
$__48.51____
$__89.99____
$__11.17____
$__48.51____
$__25____

Subtotal . . . . . . . . . . . . . . . . . . . . . . . . .
Then DIVIDE THIS AMOUNT BY 12 =

$__13.49____
$__11.17____
$_647.63_____
$____53.96_________