This document outlines a personal budget project for tracking monthly income and expenses. It includes sections to calculate income from primary employment and any side jobs, potential home ownership costs like a mortgage, and monthly expenses for items like student loans, utilities, transportation, savings, and health care. The document guides completing the sections to determine the monthly budget total and whether the individual is saving money or running a deficit each month.

1. My Budget Project
Personal Finance
Period:_____
Your Name
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2. Based on wages/salary
Second Job: Earnings
My Income- $
Job Title:
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3. Salary
Job Title
Salary is your net (take home) pay (Yearly)
Divide by 12= Monthly Salary:_____________
Add Part-time Job: Title:_________________
Monthly PT Job Earnings:________________
Add the two monthly job earnings+ Monthly
Income:_____________________
Multiply by 12 (months) =___________ Yearly
income
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4. Other income
Use second salary slide only if needed for other incomes.
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5. Find a home for $150,000 or less.
Download Photo of Home
Calculate Monthly expense with taxes.
Need 20% Down or $30,000 put down on home
Mortgage Amount $120,000
Expenses: www.zillow.com
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6. Photo of Home
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7. Expenses:
b.) Student Loans, c.) TV/Phone/Internet
B.) My Student loan is $25,000
My monthly student loan payment is
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8. My cell phone/smart
Monthly Expense is:
__________________
Cell Phone Bill
d.) Verizon, AT&T
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9. e.) Groceries
I do the majority of my food shopping at
Select from: Acme Markets, Wal-Mart,
ShopRite, Bottom Dollar
I get my prescriptions from: any listed
above or CVS, RITE AID, WALGREENS
06/08/179

10. f.) Entertainment (Movies, Concerts, DVD)
g.) Clothing
How many and how much do you spend on
entertainment and Clothing
My monthly expense for going to the movies,
concerts DVD’S or games is:
____________________
I do my clothing at (Name of Store(s)) and I
spend about
$_____________________________ a
month.
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11. Utilities- PSE & G
Home or Apartment
My monthly electric bill
is:_______________
Kwh used per month
is:_________________
My monthly gas bill is:
__________________
Amount of gas I use per month:
__________________
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12. h.) Vehicle/Transportation
Include an estimate for gasoline, car insurance, car
maintenance.
A.) Approximate miles travel a week by car ______
Multiply 4 times ________miles= _______ miles
per month.
Your car gets 26 Miles per gallon:______________
Number of gallons of gas per month X (times) $3.43
cost of gasoline per gallon.
_______________________________________
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13. Transportation
Insert Photo of used car
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14. Transportation
My Auto insurance as a new driver will be
approximately
________________________per year.
My monthly auto insurance budget will
be : Total Yearly auto insurance divided by
12:
_______________________________
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15. SAVINGS
Select Bank you will use. Google local
banks and select YOUR bank.
Set up direct deposit with your employer
and your bank.
Pay yourself first- Put in savings account
and don’t SPEND.
Checking account (Debit) is your account
you pay bills.
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16. Health & Personal Care
Budget Monthly Health Care expenses
Doctor Visits? Costs:
___________________
Dental
Visits/Costs:___________________
Gym Membership
Costs:_________________
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17. Insert Photo, Video, Clip Art
Gym, Workout
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18. Gifts/Donations
Budget monies per month for: FAMILY
EVENTS
Birthdays:____________
Weddings: ___________
Personal Relationships:___________
Gifts or donations to Church, Food Bank
____________________
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19. My Monthly Summary
My monthly net income is: __________________
My monthly expenses including my savings a month is:
___________________________________
So monthly I am Saving {In the Black} (How Much
money do you have left over?)
___________________________
So monthly, I am in the negative (RED) how much a
month: __________________________________
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20. Write-up
State what you learned doing this project.
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