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Do Now

Do Now. Please turn your computer on and go to my Web site. You should have it bookmarked. If not: mrwhite2010.wikispaces.com. Budget Project. Housing. Apartments Studio $450 1 BR $600 2 BR $750 3 BR $1000. Housing. Houses 28% of your gross income should be your payment

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Do Now

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  1. Do Now • Please turn your computer on and go to my Web site. • You should have it bookmarked. • If not: • mrwhite2010.wikispaces.com

  2. Budget Project

  3. Housing • Apartments • Studio • $450 • 1 BR • $600 • 2 BR • $750 • 3 BR • $1000

  4. Housing • Houses • 28% of your gross income should be your payment • Example • $2800 gross/month = $700 house payment • If you make less than $2800 gross/month do not get a house!

  5. Cell Phone

  6. Cell Phone

  7. Utilities • Water/Sewer/Trash $50 • Electricity $125

  8. Car or Bus? • Bus Pass $55/month • 4 Door Car $260/month • Truck $400/month • SUV $700/month

  9. Cable and Internet

  10. Student Loans • Going to college is expensive. The average monthly payment for student loans is $250.

  11. Groceries • $900/month for a family of 6 • $600/month for a family of 4 • $300/month for a family of 2 • $150/month for one person

  12. Entertainment • Movies – Tickets are around $10/person • Concerts • Video Games • Sports • Other entertainment

  13. Miscellaneous • Other expenses like allowances for your kids • Club Soccer dues • Daycare • Clothes/Uniforms

  14. Savings • Whatever is left you can save for a rainy day

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