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ESTIMATED MONTHLY BUDGET
        *Complete assuming you have graduated and are living on your own.

FIXED EXPENSES:
     Housing (rent or house pymt)                         $ 500
     Utilities (heat, electric, phone, TV, internet)      $ 100
     Loans (car, college etc)                            $ 350
     Insurance (car, medical, rental etc..)               $ 170
     Credit Card                                          $0
     Child Care                                           $0

       TOTAL FIXED EXPENSES                  $ 1120


VARIABLE EXPENSES:
     Food                                                 $ 150
     Household goods (TP, soap, etc)                     $ 20
     Entertainment (music, eating out, movies)           $ 50
     Transportation (gas, maintenance, public transp)     $ 150
     Personal (clothing, pharmacy, etc..)                 $ 25

       TOTAL VARIABLE EXPENSES               $ 395


ADD:
Total fixed 1120   + Total Variable 395 =   $1515 monthly expenses


MULTIPLY:
Total monthly expenses 1515 X 12 = 18180 yearly expenses.


DIVIDE:
Yearly expenses 18180 /.75 = 24240 Gross Salary (needed to meet net
                                                                      yearly expenses)



NOTE:   The above budget does not include monies set aside for
savings, retirement, education, or emergencies.
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Budget worksheet

  • 1. ESTIMATED MONTHLY BUDGET *Complete assuming you have graduated and are living on your own. FIXED EXPENSES: Housing (rent or house pymt) $ 500 Utilities (heat, electric, phone, TV, internet) $ 100 Loans (car, college etc) $ 350 Insurance (car, medical, rental etc..) $ 170 Credit Card $0 Child Care $0 TOTAL FIXED EXPENSES $ 1120 VARIABLE EXPENSES: Food $ 150 Household goods (TP, soap, etc) $ 20 Entertainment (music, eating out, movies) $ 50 Transportation (gas, maintenance, public transp) $ 150 Personal (clothing, pharmacy, etc..) $ 25 TOTAL VARIABLE EXPENSES $ 395 ADD: Total fixed 1120 + Total Variable 395 = $1515 monthly expenses MULTIPLY: Total monthly expenses 1515 X 12 = 18180 yearly expenses. DIVIDE: Yearly expenses 18180 /.75 = 24240 Gross Salary (needed to meet net yearly expenses) NOTE: The above budget does not include monies set aside for savings, retirement, education, or emergencies.