Create a Budget!

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Name: _______________________________________________________________________________
Create a Budget!
Directions: Using your career card and paycheck worksheet, please fill in the information below
Career: ________________________________
Gross Yearly: $___________________________
Total Deductions: $_______________________
Net Monthly: $__________________________
Using your net monthly income, create a rough budget for yourself based on the information below.
Food
20%
x net monthly income = $_____________________________________
Housing
20%
x net monthly income = $_____________________________________
Insurance/Loans
10%
x net monthly income = $_____________________________________
Transportation
15%
x net monthly income = $_____________________________________
Savings
10%
x net monthly income = $_____________________________________
Misc
25%
x net monthly income = $_____________________________________
***Use this as a guide to create a budget on the next page***
Directions: Create a budget, using the Budget Categories page, based on your salary information and
rough budget from the previous pages. You are permitted to exceed your rough budget category
amounts, but your budget should not exceed your NET MONTHLY INCOME.
CATEGORY
EXPENSES:
Monthly Rent
Transportation
Phone
Television
Internet
Insurance
Savings
Student Loans
Food
Miscellaneous
Spending Money
EXPENSES SUBTOTAL
TOTAL EXPENSES (Fixed+Variable)
FIXED
VARIABLE
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