Math - MBF 3C Managing Money - Creating a Budget Nothing in Life is Free In this assignment you will be creating a monthly budget. Included in this budget will be a plausible job with your monthly gross and net income calculated; transportation costs: bus pass or car payments, auto insurance, and gas; living expenses: groceries, rent, power, heat, and water costs; any entertainment costs: cable television, internet, etc. Start by finding a job on one of the following sites: www.jobbank.gc.ca , www.monster.ca , www.workopolis.com . (Make sure that you are qualified for the job listing you find and that the approximate hours and pay are listed.) Copy the job posting and paste it in a word processing file. Total Monthly Gross: CPP: 4.95% EI: 2.4% Taxes: 24% Net Income: Now make all your choices from the following list as to what you plan to have as part of your lifestyle: Car owner - gas $250/month, insurance $80/month + Car Payment /month Bus pass - look on OC Transpo site for bus pass costs Cable Television - look online for pricing Satellite - look online for pricing Internet - look online for pricing Cell Phone - look online for pricing Now find an apartment listing, make sure that the rent is listed as well as what is included in the rent, to help you find whether you will need to pay for utilities or not. Copy the apartment listing and paste it in a doc. Now summarize your budget in a spreadsheet including all the fixed costs listed above and include the remaining room for variable expenses. Page 1 - +