Based on previous assignment:
Calculate Your Income
: Determine your net income value by subtracting estimated taxes and fees from your gross income.
1. Calculate Your Expenses: Estimate how much you will spend in a full year for each of the 11 categories listed in the lesson.
2. Put It All Together: Using the provided budget worksheet, compile and present calculated income and expenses.
3. Analyze Your Budget: Determine if you are living within your means. If necessary, find ways to reduce expenses so that they are in line with your income.
02.06 Budget Worksheet
Career _________________________________________
Difference (net income minus expenses)
Entertainment
Yearly Cost
Video/DVD
Vacation
Other
Subtotals
Other Credit Debt
Yearly Cost
Student Loan
Credit Card
Credit Card
Other
Subtotals
Utilities
Yearly Cost
Phone and/or Cell Phone
Cable and Internet
Electric and Gas
Water and Sewer
Waste Removal
Subtotals
Personal Care
Yearly Cost
Health Insurance
Other Medical Costs
Hair/Nails
Clothing
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