Blackwell-Life Budget Project
xlsx
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School
Thomas Nelson Community College *
*We aren’t endorsed by this school
Course
154
Subject
Finance
Date
Jan 9, 2024
Type
xlsx
Pages
28
Uploaded by ProfBookChimpanzee36
Monthly Budget
$2,793.17
Pie graph of expenses with percentages and
Food
$
605.72
Clothing
$
126.19
Entertainment
$
285.31
Education
$
164.00
Transportation
$
267.03
Housing
$1,341.62
Total Expenses
$
2,789.87
Monthly surplus amount
$3.30
Income
(Monthly net on Occupation tab)
EXPENSES
(linked to individual tabs)
This Photo
by Unknown Author is
d labels.
Paragraph 1: What do your graphs and tables show y
Where do you need to make changes?
Was it hard t
This project taught me that i spend too much money.
pockets. I need to make changes on unneccessary spe
eating out. It was a bit hard but not too bad to balanc
Paragraph 2: What did you learn from this process o
something from the real world?
How accurate do yo
your successes and struggles in doing this project.
I loved this spreadsheet! I thought it was very helpful
using this in the future. I think my budget is pretty acc
formulas but i found it to be a bit of a stuggle to find w
and deleting a sheet).
s licensed under
CC BY
you about your financial habits?
to balance your budget?
I have bigger ambitions than my
ending habits, like shopiing and
ce my budget.
of creating a spreadsheet to model
ou think this budget is?
Discuss
and easy to use. I will definitely be
curate! It was easy figuring out the
where everything was (hyperlink
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Weekly Grocery List
Item
Price
Quantity
Total Price
coffee
$10.48
1
$
10.48
bagel
$
1.98
1
$
1.98
cream cheese
$
2.86
1
$
2.86
potatoes
$
0.99
5
$
4.95
Chicken wrap
$
6.99
1
$
6.99
ramen noodles
$
0.30
3
$
0.90
bread
$
3.42
1
$
3.42
cheese
$
2.22
1
$
2.22
eggs
$
1.80
1
$
1.80
peanut butter
$
2.18
1
$
2.18
jelly
$
2.48
1
$
2.48
canned tuna
$
0.96
5
$
4.80
crackers
$
2.72
1
$
2.72
chips
$
9.88
1
$
9.88
granola bars
$
2.52
1
$
2.52
popcorn
$
4.82
1
$
4.82
mixed nuts
$
8.94
1
$
8.94
yogurt
$
1.96
1
$
1.96
grilled chicken salad
$
7.19
1
$
7.19
pound cake slice
$
3.85
1
$
3.85
pancake mix
$
1.98
1
$
1.98
oats
$
3.98
1
$
3.98
bacon
$
4.97
1
$
4.97
coffee creamer
$
3.88
1
$
3.88
mayo
$
3.34
1
$
3.34
Subtotal
$105.09
Sales Tax (2.5%)
$2.63
Weekly Grocery Tota
$107.72
Place
Walmart
Walmart
Walmart
Walmart
Walmart
Walmart
Walmart
Walmart
Walmart
Walmart
Walmart
Tota
Walmart
Walmart
Walmart
Walmart
Walmart
Walmart
Walmart
Kroger
Walmart
Walmart
Walmart
Walmart
Walmart
Walmart
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Eating-Out Cost (includin
Item
Price
Chick fil a
$
9.35
Chinese food
$
8.99
Little Ceasars pizza
$
6.99
7/11 breakfast bite
$
1.99
Subto
Sales Tax
Weekly Eating
Total
Weekly Grocery Cost
$
107.72
Total
Weekly Eating-Out Cost
$
43.71
al
Weekly Food Cost (grocery & eating-o
$
151.43
Monthly Food Budget (weekly *52/12)
$
605.72
This Photo
by Unknown Author is licensed under
CC BY
ng tax and tip)
Quantity Total PricePlace
1 $
9.35
1 $
8.99
1 $
6.99
1 $
1.99
otal
$27.32
x (6%)
$
1.64
g-Out Cos
$28.96
Additional Clothing For One Season (3 mo
Item
QuantityUnit Price
Price
Scrub Shirt/Pants
5
$
23.99 $
119.95
Crocs
3
$
37.49 $
187.45
Socks- 10 pair set
1
$
9.95 $
49.75
Subtotal
$
357.15
Sales Tax (6%)
$
21.43
othing total for one season ( or 3 month
$
378.58
$
126.19
season/3)
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onths) At Your New Job
Retailer's Website
Picture of some clothes here.
Highest priced item (use MAX function)
Lowest priced item (use MIN function)
312432502244&hvpos=&hvnetw=g&hvrand=14336431008894355248&hvpone=&hvptwo=&hvqmt=&hvdev=c&
om/p/bistro-work-clog/10075.html?cgid=nurse-shoes&cid=001
09748512671&hvpos=&hvnetw=g&hvrand=13748838504616178319&hvpone=&hvptwo=&hvqmt=&hvdev=c&
119.95
49.75
&hvdvcmdl=&hvlocint=&hvlocphy=9008582&hvtargid=pla-599998849164&th=1&psc=1
hvdvcmdl=&hvlocint=&hvlocphy=9008582&hvtargid=pla-569779926890&psc=1
Fun for a Month! (don't forget tv & in
Monthly Cost
Internet/Wifi
$
50.00
Netflix
$
15.49
Hulu
$
17.99
Eating out
$
100.00
Gym membership
$
24.99
Beach
$
-
Hiking
$
-
Library
$
-
Total
$
208.47
Cell Phone & Plan per Month
Monthly Cost
Cell Phone (if you don't have one)
N/A
Cell Plan (include taxes/fees)
$
76.84
Total Monthly Cost of Cell Phone & Pl
$
76.84
Monthly Entertainment Budg
$
285.31
(including "For Fun" and "Cell Phone")
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If you share your
tv/internet or cell plan
expenses with others in
your household, feel free
to prorate it and enter
the portion of the bill
that you would pay.
Occupation
Occupation
Radiology Tech
Yearly Salary (gross - before deducti $
65,601.00
Monthly Salary (gross - before deduc $
5,466.75
Don't forget to enter equations in all dark gray cells.
Taxes
Yearly Gross Salary minus standard deduction of $12,550
$
53,051.00
Yearly Federal Income Tax (use link to find tax brack $
11,671.22
Monthly Federal Income Tax
$
972.60
Yearly Gross Salary minus standard deduction of $4500
$
61,101.00
Yearly State Income Tax (use link to find tax bracket $
3,513.31
Monthly State Income Tax
$
292.78
Yearly Social Security Tax (6.2% of gross salary)
$
4,067.26
Monthly Social Security Tax
$
338.94
Yearly Medicare Tax (1.45% of gross salary)
$
951.21
Monthly Medicare Tax
$
79.27
TOTAL YEARLY TAXES
$
26,143.00
TOTAL MONTHLY TAXES
$
2,178.58
Yearly Medical Insurance Cost
$
5,940.00
Monthly Medical Insurance Cost
$
495.00
Yearly Net Income (deduct taxes and medical
$
33,518.00
Monthly Net Income
$
2,793.17
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View this video for he
https://vccs.instructuremedia.com/embed/d7e5b408-6ed1-4b95-9
Also see the Chapter 3A/3E
PowerPoint in Canvas for
examples
https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets
https://www.nerdwallet.com/article/taxes/virginia-state-tax
9d98-eb8d8e033d45
Education Details and Expenses
Education needed (degree/major)
Number of years to complete degree
Where will you get your degree?
Yearly Tuition
Books & Other Supplies
Overall Yearly Cost
TOTAL EDUCATION COST (for all the years)
Paying for Education
The total education cost in B8 must be split among the follow
Total amount paid-out-of-pocket
Total amount of student loan
Monthly Student Loan bill (online calculator - click link below)
Scholarships/Financial Aid Grants
(anything you don't pay back)
https://smartasset.com/student-loans/student-loan-calculator#SeQTCwyO00
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Special Training (if app
Associate's
Special Training Needed
2.5
Where you get this training
Riverside
Total cost of training
$
10,760.00
Loan amount (if needed)
$
1,610.00
Monthly Loan bill (use online calculator)
$
12,370.00
$
30,925.00
wing 3 categories:
$
15,000.00
$
200.00
$
15,725.00
$
164.00
Total monthly education cost
(include initial degree loan and special tr
If you don't pay for the training with a loan, how will you pay
This project represents your budget 5 years from now, once you
and have a new job or promotion.
At that time, you would only
make, so include those from your regular education and specia
education cost.
That said, some students would like to show th
education payments in this budget.
If you would like to do that
by the total number of months that you will be in school.
plicable)
N/A
$
164.00
raining loan)
for it?
u have finished your education
y have student loan payments to
al training in this Total monthly
heir out-of-pocket monthly
t, divide by out-of-pocket amount
Transportation - your own car
Make
Mazda
Model
3
Year
2010
Cost (what is your current car worth right now)
$
3,425.00
Car Payment (if you have one, otherwise $0)
$
-
Monthly Maintenance Cost (new $25, 3-6yrs $50,
$
75.00
Monthly Insurance Cost
$
135.00
Annual Registration/Tax Fees (4.15% of car's wort
$
142.14
Monthly Registration/Tax Fees
$
11.84
Cost of Gas
Miles to Work (one way)
30
Weekly Work Miles
120
Estimated Recreational Miles per Week
50
Total Miles per Week
170
Miles per Month (weekly *52/12)
680
Miles per Gallon for your car
45
Current Price of Gas (per Gallon)
$
2.99
Cost of Gas Each Month
$
45.18
(miles per month*price of gas/miles per gallon of the car)
If you use your own maintenance costs, insurance costs, or registration/tax fees, just put
a * in column C next to that category.
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Monthly Transportation Budget
###
(include car payment, maintenance, insurance, registration/tax fees, gasoline)
Link to website for value of used
Picture of a car like yours here.
https://www.kbb.com/mazda/mazda3/201
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)
10/s-grand-touring-hatchback-4d/?condition=good&extcolor=burgundy&intent=trade-in-sell&m
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mileage=190415&modalview=false&offeroptions=true&options=6349993%7ctrue&pricetype=pri
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ivate-party&vehicleid=249069
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Housing Cost - Rentin
Square Footage
1,089
Number o
Total Rent
Monthly Rent
###
Number of People sharing the rent ex
2
Your share of the monthly rent
$
984.00
Total Yearly Rent
###
###
Monthly utility costs ($0.14 per s
$
7.62
Yearly utility costs
$
91.48
Will you save
Monthly a
Yearly Am
Total Save
Total Monthly Housing Budge
(include rent, utilities, down paym
Does this see
YESSSS, an
with my m
buy...
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ng
of Years to Rent
5
t
$59,497.38
Apartment Link:
Picture of apartment h
e for a house while renting
Yes
amount to save?
$
350.00
mount Saved for House
$ 4,200.00
ed During Renting
###
###
ment savings)
https://www.
em to be a lot of money?
Why or why not?
n insane amount of money. I'm living
mom forever. It would be cheaper to
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here.
.zillow.com/apartments/hampton-va/lumen/BnkZH5/#unit-2064120274
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Course Activity: Creating a Budget
Part A
Use this information to organize estimated household expenses by monthly amounts.
• rent: $13,800 annually
utilities: $5,400 annually
●
cell phone: $534 semiannually
internet: $204 semiannually
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A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at
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4
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9
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Gretchen's Short-Term Budget Worksheet
Spending
Purpose
Income
Date
Source
Amount
Date
Amount
6/07/--
wages
$423.52
6/03/20
new sweater
$ 33.86
6/09/--
birthday gift
50.00
6/12/20
car insurance
48.29
6/21/--
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350.00
wages
babysitting job
savings interest
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25.00
6/23/20
credit card bill
296.04
6/25/20
6/26/20
telephone bill
groceries
doctor's visit
6/30/--
8.92
53.41
69.30
6/29/20
50.00
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$900.90
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Gretchen's Short-Term Budget Worksheet
Spending
Purpose
Income
Date
Source
Amount
Date
Amount
$423.52 | 6/03/20
50.00 | 6/12/20
423.52 6/15/20
25.00 6/23/20
8.92 | 6/25/20
6/07/--
wages
new sweater
$ 33.86
6/09/--
birthday gift
car insurance
48.29
6/21/--
rent
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wages
babysitting job
savings interest
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credit card bill
296.04
telephone bill
groceries
doctor's visit
6/30/--
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6/26/20
69.30
6/29/20
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Totals
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$900.90
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