Budget Worksheet

For this assignment, you will submit a yearly budget based on the specific salary from the career path activity

earlier in the lesson Student Name:

This worksheet contains suggested ranges for most expenses not directly addressed in the activity, based on common

amounts for a single person. Use them to estimate your own expenses or research the median values for your area.

Career

Subtotal

Other

Subtotal

Totals

Year

Net income from job or career for one year

$($from top section of worksheet$)$

Total Yearly Expenses

$($add all subtotals in worksheet$)$

Difference

$($net income minus total expenses$)$

Why is budgeting important to your life?

Describe your experience with this process. Was it easy, difficult, or somewhere in the middle? What

factors contributed to your feelings?

How might the use of credit for a large purchase affect your budget? Discuss which type of credit plan,

you would use, and how your budget can help you protect your credit score. Review lesson $1\mathrm{.}08$ to help

you determine the credit plans.

What adjustments did you have to make to your budget? How did you decide where to make changes?

Will you begin using a budget regularly now? Why or why not?

Help me fill in and do all three pages