Kelwin Li

P.3

PERSONAL BUDGET #1
MONTHLY INCOME:

You are earning $__12.27___ per hour.

Use the following calculations to determine your monthly takehome (net) income, based on a 15% tax rate:
__12.27__ per hour x 40 hours x 4 weeks x 8% (.92) net
pay after taxes, = $__1806.14__

MONTHLY EXPENSES:
(NOTE: the total expenses MUST equal the monthly net income)
*
*

*
*
*
*
*
*

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.

Rent
Food
Personal Care
Telephone
Gas (heating)
Electric
Car Insurance
Car Payment
Gasoline
Entertainment
Clothing
Gifts
Loan Repayment ($1,000 12 months)
Health Insurance (above what employer pays)
Savings

$__275___
$__206.35_
$__59.55_
$__30____
$__30____
$_236.96__
$_184.08__
$__214.09_
$_103.12__
$___4____
$__216__
$__17.95__
$_83.33___
$__75____
$__70.71__

TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $_1806.14_
(All asterisked items must show calculations and details on additional pages.)
NOTE: Roommates can share the cost of rent, electric, and gas (heating) only.
Additional note: The money for Loan repayment has already been spent on security deposit,
furniture, dishes, blankets, TV, etc. DO NOT ADD IT TO YOUR INCOME!

Kelwin Li
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Rent

550/2 (splitting with stranger)

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Food
Breakfast

/17 *3

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/20 *3

/6 *3

/20

Lunch

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/36 *3

/24 *3

/6 *3

/8 *3

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/10 *3

/8 *3

/4 *3

Snack

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/49 *3

Dinner

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/24 *3

/8 *3

/24 *3

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/4 *3

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Beverages

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/3

= 206.35

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Personal Care

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48.83-4.97 shipping = 43.86

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20.66-4.97 (shipping) = 15.69

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Telephone 30

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Heating - 30Electricity 59.24*4=236.96

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Car Insurance $184.08

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Car

$214.09 at 72 months

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Gasoline

(36+28)*.5= 32 MPG
1100 mi / 32 mpg = 34.375 * $3.00 =103.12

Kelwin Li
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Entertainment
Santa Monica Beach
Baldwin Park Library
Starbucks
Santa Fe Dam
Morgan Park
California Science Center
Getty Center
La Brea Tar Pits
Runyon Canyon
Bradbury Building
Best Buy

$4 for drink
Im here for the
Wi-Fi

$0
$0
$4
$0
$0
$0
$0
$0
$0
$0
$0

Kelwin Li
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Free the first

Tuesday of the
month

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Im here to take advantage of free

AC and play on their Wii

Kelwin Li
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Clothing
CLOTHING:
* Arrange it in four columns:
Item
Shoes
Shirt
Pants
Shorts
Dress Top
Dress Bot
Underwear
Socks

Price per item

$70
$10
$14
$6
$27
$23
$4.20
$1.1

Quantity needed
1
3
2
1
1
1
5
10

Total price
$70
$30
$28
$6
$27
$23
$21
$11

Total Clothing = $____216____

http://www.zappos.com/nike-sb-check-nubuck-black-black-white?
ef_id=VqiDlQAAAFk4CALr:20160127084509:s
http://www.amazon.com/Soffe-Sleeve-Cotton-T-Shirt-XXLarge/dp/B003AU5WCI/ref=sr_1_17?s=apparel&ie=UTF8&qid=1453883876&sr=117&nodeID=7141123011&keywords=shirts
http://www.amazon.com/HEMOON-Jogging-Tracksuit-TrainingTrousers/dp/B00UCORQKQ/ref=sr_1_1?ie=UTF8&qid=1453883844&sr=81&keywords=joggers
http://www.amazon.com/Champion-Mens-Short-Pockets-X-Large/dp/B000JC0YP0/ref=sr_1_2?
ie=UTF8&qid=1453883965&sr=8-2&keywords=shorts
http://www.amazon.com/Van-Heusen-Sleeve-Oxford-Numeric/dp/B00MG8L98G/ref=sr_1_6?
s=apparel&ie=UTF8&qid=1453884014&sr=1-6&nodeID=1040658&keywords=dress+top+men
http://www.amazon.com/Hanes-Mens-Ultimate-Boxer-Brief/dp/B00ACIGUBI/ref=sr_1_1?
s=apparel&ie=UTF8&qid=1453884113&sr=1-1&nodeID=1040658&keywords=boxer+briefs
http://www.amazon.com/Hanes-Mens-Ultimate-Boxer-Brief/dp/B00ACIGUBI/ref=sr_1_1?
s=apparel&ie=UTF8&qid=1453884113&sr=1-1&nodeID=1040658&keywords=boxer+briefs
http://www.amazon.com/Hanes-Ultimate-Socks-White-10-13/dp/B00FBD2G0I/ref=sr_1_2?
s=apparel&ie=UTF8&qid=1453884213&sr=1-2&nodeID=1040658&keywords=socks

Kelwin Li
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Gifts
GIFTS:
* Figure out ALL of the gifts you will buy for ONE YEAR.
Birthdays:

Description of gift

Price per gift

1. Mom
2. Dad
3. Sibling 1
4. Sibling 2
5. Friend 1
6. Friend 2
7. Friend 3

Lipstick
Screwdriver set
Mouse
Beanie
USB
Duct Tape
Sketch Book

$__15__
$__8___
$___6__
$__12__
$__5__
$__10__
$__10__

List holiday:
1. Mom
2. Dad
3. Sibling 1
4. Sibling 2
5. Friend 1
6. Friend 2
7. Friend 3

Knife
Wrench Set
Mouse Pad
Underwear
Plushie
Pencils
Paper

$__13__
$__9___
$__2___
$__12.33
$__8___
$__7.49_
$__4__

1. Mom
2. Dad
3. Sibling 1
4. Sibling 2
5. Friend 1
6. Friend 2
7. Friend 3

Shampoo
Hammer
Phone case
Socks
Color pencils
Super Glue
In-N-Out

$_2.50__
$__8___
$__2.99_
$__9__
$__5__
$__6__
$__8__

Mothers and Fathers Day

1. Mom
Book
2. Dad
WD-40
Wedding Stuff:
3. Couple 1
4. Couple 2

Watch
Lamp

Subtotal . . . . . . . . . . . . . . . . . . . . . . . . .
Then DIVIDE THIS AMOUNT BY 12 =

$__6__
$__6.24___
$__15.14__
$__25__
$____215.70
$______17.95 ______

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