Kim Sprecher
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| The purpose of this activity is to help you learn how much you can expect to pay monthly for living on your own. Select either a furnished or unfurnished place from the "for-rent" columns of your local newspaper. Then complete the monthly budget below. Monthly Budget Item Estimated Cost /Month Item Estimated Cost / Month Household Expenses _____________________ Personal _____________________ Rent _____________________ Laundry & cleaning _____________________ Furniture (payments) _____________________ Magazines, newspaper _____________________ Telephone _____________________ Recreation _____________________ Electricity _____________________ Church, charities _____________________ Heating _____________________ Gifts (birthdays, etc.) _____________________ Water _____________________ Emergencies _____________________ Garbage collection _____________________ Other _____________________ Other utilities (cable TV, etc.) _____________________ Total _____________________ Household.supplies (soaps, cleaners) _____________________ Other _____________________ Ist Column Total _____________________ Food & Transportation _____________________ Food __________________ Grand Total _____________________ Car payments _____________________ Car repairs _____________________ Gas & oil _____________________ Bus fare _____________________ Other _____________________ Total _____________________How much monthly salary will you need to earn to meet monthly expenses if the recommended 25% goes toward rent? ______________________________________________________________________________________________ |
Copyright August 2003: Kimberly Sprecher Last Updated: 01/28/2012 07:55 AM |