Budget Project

By Emily Anderson
 Gross Pay
Entry Level Mid Life
Registered Nurse Registered Nurse
Bi Weekly: 1,729.61 Bi Weekly:
Monthly: 3,747.50 2,595.77
Monthly: 5,624.17
 Net Pay
Entry Level Mid Life
Federal Tax: $210 Federal Tax: $234
State Tax: $54 State Tax: $65
Social Security: Social Security:
$107.23 $160.93
Medicare: $25.07 Medicare: $37.63
Health Care: $76 Health Care: $210
Retirement: $86.48 Retirement:
Net Pay: $3,188.72 $129.78
 Housing
Entry Level Mid Life
Location: Daytona Location: Daytona Beach,
Beach, Florida Florida
Cost: $950 /mo, 1 bed Cost: $1,100 /mo, 2 bed 2
1.5 bath bath
Includes: Water, Includes: Water, garbage,
garbage, sewer, cable, pool, screened in porch.
parking, pool, fitness
center, private balcony.
 Utilities and Cell
Phone
Entry Level Mid Life
Electric: $80 Electric: $110
Water: Included Water: Included
Cable: Included Cable: Included
Internet: $80 Internet: $120
Cell phone: $50 Cell phone: $80
Car Loan, Gas, and
Insurance
Entry Level Mid Life
Car: 2012 Chevy Cruze Car: Chevy Equinox
Price: $8,500 Price: $28,520
10% down payment: $850 10% down payment:
Monthly payment: $2,852
$169.33 Monthly payment:
Gas: $9.20/wk, 25 mpg $456.56
Insurance: $2,500/yr, Gas: $14.28/wk, 21 mpg
$208.33 per month Insurance: $1,350/yr,
$112.50 per month
 Student
Loans
Entry Level Mid Life
$75 x 4 years of schooling: $50 x 4 years of schooling:
$300/mo $200/mo
 Food and
Daycare
Entry Level Mid Life
Food/Household
Food
Items/Diapers
Weekly: $61.89
Weekly: $175
Monthly:
Monthly: $525
$185.67
Daycare
Weekly: $150
Monthly: $450
Occasional
Spending/Entertainment
Entry Level Mid Life
$318.87/mo $478.68/mo
 Savings
Entry Level Mid Life
$318.87/mo $478.68/m
o
 Total Budget
Entry Level Mid Life
Total Monthly Income: Total Monthly Income:
3,188.72 $4,786.83
Expenses: $2,670.27 Expenses: $4,111.42
Remaining: $518.45 Remaining: $675.41
Entry Level Mid Life