Nick Morris

My Budget Project
Personal Finance
Period:7th

1 02/03/17
 $27,000
Journalist
Based on wages/salary
Second Job: Earnings

2 02/03/17
 Salary
Journalist
$27,000 gross pay/ $20,250 net pay
Monthly Salary:$2,250 gross pay/ $1,687.50
net pay
Add Part-time Job: Title: Stock
Monthly PT Job Earnings:$600 gross pay/ $450
net pay
Monthly Income:$2,850 gross income/
$2137.50 net income
Yearly income: $34,200 gross income/ $25,
650 net income
3 02/03/17
 Expenses:
zillow.com / realtor.com / mortgagecalculator.org

Home is in Raleigh, NC
Rent is $349 per month
Down payment is $1200
No utilities are included

4 02/03/17
 Photo of Home

5 02/03/17
 Expenses:
b.) Student Loans, c.) TV/Phone/Internet
B.) My Student loan is $25,000
My monthly student loan payment is $275
C.) My internet bill would be about $85 per
month
Suddenlink 100 mg internet, unlimited data

6 02/03/17
 Cell Phone Bill
d.) Verizon, AT&T
My cell phone/smart
Monthly Expense is:
$45

7 02/03/17
 e.) Groceries
I do the majority of my food shopping at

I buy the majority of my

groceries at Walmart
I get my prescriptions from:
Walgreens

8 02/03/17
 f.) Entertainment (Movies, Concerts, DVD)
g.) Clothing
How many and how much do you
spend on entertainment and
Clothing? $1,200 a year
My monthly expense for going to
the movies, concerts DVDS or
games is: $60
I do my clothing at Walmart and I
spend about $40 a month.

9 02/03/17
 Utilities- AEP
Home or Apartment
My monthly electric bill is:
$91.35
Kwh used per month is: 1114
My monthly gas bill is: $50
Amount of gas I use per
month: 800

10 02/03/17
 h.) Vehicle/Transportation
Include an estimate for gasoline, car
insurance, car maintenance.
A.) Approximate miles travel a week
by car. 123 miles
Multiply 4 times 123 miles= 492
miles per month.
Your car gets 26 Miles per gallon: 19
gallons of gas per month
$47.50 per month on gasoline

11 02/03/17
 Transportation
Insert Photo of used car

12 02/03/17
 Transportation
My Auto insurance as a new
driver will be approximately
$1500 per year.
My monthly auto insurance
budget will be: $125

13 02/03/17
 SAVINGS

Four Oaks Bank and Trust Co.

Savings account
Amount you will put in savings
and not spend: $100
Checking account: $350

14 02/03/17
 Health & Personal Care
Budget Monthly Health Care
expenses
Doctor Visits? Costs: $50 a
year, $4 a month
Dental Visits/Costs: $200 a
year, $17 a month
Gym Membership Costs: $0 a
month
15 02/03/17
 Insert Photo, Video, Clip Art
Gym, Workout

16 02/03/17
 Gifts/Donations
Budget monies per month for:
FAMILY EVENTS
Birthdays: $15
Weddings: $25
Holidays: $50
Personal Relationships: $40
Gifts or donations to Church, Food
Bank: $25

17 02/03/17
 My Monthly Summary
My monthly net income is: $2,137.50
My monthly expenses including my
savings a month is: $1359.85
So monthly I am Saving {In the Black}
(How Much money do you have left
over?) $777.65
So monthly, I am in the negative (RED)
how much a month: $0

18 02/03/17
 Write-up
State what you learned doing this
project.
I learned that you can be spending much more per
month than you ever thought you would have. For
example, I thought that as an adult I might be
paying $1000 per month for everything I need. I
had no idea that the number would be much closer
to $1500 per month. That is just absolutely insane
to me. We take for granted the amount of money
we have to make in order to be able to pay for all of
our stuff. Also, I figured that someone could live on
$20,000 a year by themselves. You can do this, but
sometimes you can get put in a pickle. If something
goes wrong, it could screw up your income and
leave you broke in the blink of an eye.

19 02/03/17