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    Budget Worksheet

    Uploaded by

    hayleerudy99
    flvs

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Budget Worksheet

    Uploaded by

    hayleerudy99
    43 views3 pages
    flvs

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

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    flvs

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    43 views3 pages

    Budget Worksheet

    Uploaded by

    hayleerudy99
    flvs

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Budget Worksheet

    This worksheet contains suggested ranges for most expenses not directly addressed in the activity, based on common
    amounts for a single person. Use them to estimate your own expenses or research the median values for your area.

    Career _________________________________________

    Income Gross Net

    Total income from job or career


    for one year

    Entertainment Yearly Cost Utilities Yearly Cost

    Movies and subscription service Phone and/or cell phone ($900–


    ($120–$400) $1,200)

    Vacation ($1,000–$5,000) Cable or satellite and internet


    ($1,000–$3,600)
    Other ($500–$1,000)
    Electric and gas ($1,000–$3,000)
    Subtotal
    Water and sewer ($800–$1,500)
    Other Credit Debt or Taxes Yearly Cost
    Waste removal ($150–$300)
    Student loan payment
    (10% of gross income per year) Subtotal

    Credit card payment Gifts and Donations Yearly Cost


    (varies based on balance—$0 if
    no credit card debt) Holidays and birthdays
    ($500 or more)
    Total estimated taxes besides
    federal income tax (state and Charity donations (varies)
    local sales taxes, property taxes,
    state income taxes if applicable) Other

    Other Subtotal

    Subtotal

    Unless Otherwise Noted All Content © 2022 Florida Virtual School.


    FlexPoint Education Cloud™ is a trademark of Florida Virtual School.
    Personal Care Yearly Cost

    Health insurance ($2,000–$4,000) Transportation Yearly Cost

    Other medical costs ($500 or Auto loan payment


    more)
    Bus and taxi fare (varies)
    Professional grooming, such as
    hair or nails ($120–$1,500) Auto insurance

    Clothing and laundry Licensing and registration fees


    ($500 or more) ($30–$150)

    Health club/gym membership Gasoline (typical use)


    ($600–$1,200)
    Maintenance and repairs
    Organization dues or fees (varies)
    Other
    Other
    Subtotal
    Subtotal
    Food Yearly Cost

    Housing Yearly Cost Groceries ($1,500 or more)

    Mortgage or rent Dining out ($600 or more)

    Maintenance and repairs Subtotal

    Supplies ($600 or more) Pets Yearly Cost

    Homeowner’s or renter’s Food ($300 or more)


    insurance
    Medical ($200 or more)
    Furnishings and upkeep
    ($500 or more) Grooming

    Property tax Toys


    (if you own property) varies—
    estimate 1% of home value Other

    Subtotal Subtotal

    Unless Otherwise Noted All Content © 2022 Florida Virtual School.


    FlexPoint Education Cloud™ is a trademark of Florida Virtual School.
    Savings and Investments Yearly Cost

    Retirement account

    Investment account

    Emergency savings

    Subtotal

    Totals Year

    Net income from job or career for one year


    (From top section of worksheet)

    Total Yearly Expenses


    (Add all subtotals in worksheet)

    Difference
    (net income minus total expenses)

    Reflecting on this Activity

    Answer the following questions in complete sentences.

    1. Why is budgeting important to your life?

    2. Describe your experience with this process. Was it easy, difficult, or somewhere in the middle? What factors
    contributed to your feelings?

    3. How might the use of credit for a large purchase affect your budget? Discuss which type of credit plan you would
    use, and how your budget can help you protect your credit score.

    4. What adjustments did you have to make to your budget? How did you decide where to make changes?

    5. Will you begin using a budget regularly now? Why or why not?

    Unless Otherwise Noted All Content © 2022 Florida Virtual School.


    FlexPoint Education Cloud™ is a trademark of Florida Virtual School.

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