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Unit 5 Lesson 4

This document provides a sample monthly budget for living expenses as a guide for students to estimate their costs of living independently. It includes estimates for common expenses like rent, food, utilities, transportation, communications, and entertainment. The budget does not include costs of attending university. The document suggests ways to reduce some expenses, such as getting roommates to lower rent and utility costs, or decreasing spending on eating out and entertainment. The proposed changes are meant to help balance the budget in a realistic manner.

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Amanda Stewart
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0% found this document useful (0 votes)
39 views3 pages

Unit 5 Lesson 4

This document provides a sample monthly budget for living expenses as a guide for students to estimate their costs of living independently. It includes estimates for common expenses like rent, food, utilities, transportation, communications, and entertainment. The budget does not include costs of attending university. The document suggests ways to reduce some expenses, such as getting roommates to lower rent and utility costs, or decreasing spending on eating out and entertainment. The proposed changes are meant to help balance the budget in a realistic manner.

Uploaded by

Amanda Stewart
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd
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LIVING EXPENSES

5.4
1. You will sooner or later live by yourself. In order for you to have a sense of the cost of
living create a sample budget for all the expenses you will have when you are living on your
own. Try to include everything that you see in this sample budget. You will need to do some
research to find out realistic amounts for the expense columns. This budget does not
include any cost related to go to university or college but ust include day to day
e!"enses.
#onthly Inco$e
Job #1 %describe ob& $ aiter
Job #! %describe ob& " if applicable $
#ther income %describe& $
T#T$% I&'#() $*+*
#onthly E!"enses
,ent-(ortgage .per month/ $1++
0ood $11+
2tilities .gas3 water3 electricity/ $1++
Transportation 4us
5car payments $+
5gas $+
5insurance $+
5repairs $+
5par6ing $+
5bus pass $1+
'lothing $+
)ntertainment $+
5eating out $1+
5events .movies3 concerts/ $1+
5other $7+
Telephone .including cell phone/ $1+
Internet $*+
'able T8 $+
9ousehold Items $+
:ersonal Items $+
T'T(L #'NT)L* EXPENSES $;1+
E!"enses +educe by
+ent I could decide to rent a place with
roommates. This will decrease my
rent and my utilities.
Eating 'ut I could reduce my eating out
expense from $1+5$!+. hich will
still be a fair3 but decrease my
monthly expenses somewhat
Events I could reduce my events expenses
from $1+5$!1. hich will still be
fair3 but decrease my monthly
expense a bit.
Internet I could reduce my internet expense
from $*+5$<+. hich will greatly
help in decreasing my overall
monthly expenses.
This assign$ent ,ill be evaluated using the -ollo,ing criteria %./0&1
2 3 5
In-or$atio
n (ccuracy
This budget
is not based
on realistic
information.
(ost of the
budget is
realistic but
lac6s
details.
The budget
provided is
realistic and
detailed.
Plausible
e!"lanation
The
explanations
are not
doable
would have
no impact
on
balancing a
=ome of the
explanations
are doable
but would
have a
limited
impact on
balancing a
The
explanations
are all
doable and
would have
a positive
impact on
balancing a
budget. budget. budget.

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