Budget Worksheet Template (For "The Urban Professional")
Monthly Income: $350,000
Category
Allocated Amount
Notes/Justification
FIXED EXPENSES (Needs)
Rent
$40,000
(Pre-filled)
Student Loan (Min.)
$30,000
(Pre-filled)
Car Payment
$35,000
(Pre-filled)
Car Insurance
$90,000
(Pre-filled)
Health Insurance
$15,000
(Pre-filled)
NEEDS
Groceries
$______
Gas / Public Transit
$______
Utilities (Elec./Internet)
$18,000
WANTS
Dining Out / Coffee
$______
Entertainment (Streaming, hobbies)
$______
Gym / Fitness
$______
Clothing / Personal Care
$______
SAVINGS & DEBT GOALS
Condo Down Payment Fund
$______
Emergency Fund
$______
EXTRA DEBT REPAYMENT
Student Loan (Extra)
TOTAL OUTFLOW
$______
(Pre-filled)
Part 2: Crisis Round
1. Each group draws one "Unexpected Event" card.
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Examples: Emergency Vet Bill: $16,000, Car Repair: $40,000, Unexpected
Travel for Family Event: $35,000, Phone Dies, Need Replacement: $15,000.
2. Groups must adjust their budget to cover this cost without going negative. Can they use
their savings goal money? Cut back on wants? Skip a debt payment? They must decide.