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Personal Budget Worksheet

Decent Essays

Budget Summary In regards to my future, I hope to be working in a large athletic department at a higher division university. In my personal budget spreadsheet, I assumed my income wages to be at forty five thousand per year, therefore, I would be making three thousand, seven hundred and fifty dollars each month. Working in a athletic department requires a lot of time, so I did not plan on having a family in this budget. Since I did not plan for a family, I decided I would rent an apartment; therefore, I would not have to worry about home repairs, security or lawn care. Relating to daily living costs, my biggest expenses are from food; groceries and dining out. In an effort to save money, I opted out of getting my clothes dry cleaned. Also, I do not own a pet or have others to take care of, which saves a bit of money. In addition to saving money on daily living expenses, I also try to save money in transportation expenses. I believe that getting a car wash or detailing service is an unnecessary expense. Since I will be working on campus, there is not a charge for parking. Plus, I will not be using public transportation, since I have my own car and have a chaotic schedule. With my chaotic schedule, I will have to travel quite a …show more content…

As I begin my career, I cannot put as much money into savings and retirement as I would like to. But, as I get older and earn higher up positions, I plan to put more money into my savings and retirement funds. As it is, I am putting five dollars to my retirement each month and five dollars to my retirement each month. Since my monthly income is not very high, my income tax is not as high as it would be if I had a higher salary. Additionally, I allot five dollars each month for things for the home. As said before, I will have a busy schedule and do not plan to be home often, so I do not see the need to set aside a lot of money for things for the

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