Sectio 2 Monthly Budget for Part Time Job Math Project
Section 2: Monthly Budget
Part Time Job
You will determine your monthly budget for your part time job. Everyone’s budget may look a little different, especially if you live at home. If you plan to live at home, to you know if it will be rent free? Suggested percentages are provided, but you may adjust those to fit your situation. Make sure your percentages are reasonable and that they add to 100%. You have some blank sections provided to account for your own personal flare. We will assume that you will still receive health benefits under your parent’s’ plan.
Your Part-time Job __________________________________________________
Your Monthly Take Home (Net Income) ____________________________________________
Where will you live? _____________________________________________
Category
Suggested Percent
Your Percent
Work Space
Dollars per Month
Rent/Mortgage
25%
Car Payment
6%
Car Insurance/Maintenance
6%
Utilities
5%
Groceries
9%
Insurance (Renter’s/Life)
3%
Savings/Debt/Credit Cards
17%
Entertainment
15%
Cell Phone/Internet
5%
Long-term Career
Now you will determine your monthly budget for your long-term career. Suggested percentages are provided, but you may adjust those to fit your situation. Make sure your percentages are reasonable and that they add to 100%. You have some blank sections provided to account for your own personal flare.
Your Long-term Job __________________________________________________
Your Monthly Take Home (Net Income) ____________________________________________
Where will you live (apartment or house)? __________________________________________
Category
%
Your Percent
Work Space
Dollars per Month
Rent/Mortgage
25%
Car Payment
6%
Car Insurance/Maintenance
6%
Utilities
5%
Groceries
9%
Insurance (Renter’s/Life)
3%
Savings/Debt/Credit Cards
17%
Entertainment
15%
Cell Phone/Internet
2%
* All doctors must budget $2000 per month for malpractice insurance.
** Any long-term career that requires education beyond high school must budget an extra $300 to pay back school loans.
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