Average Annual (Gross) Salary ______

Reality Budget

Name ______

Occupation ______

Average annual (gross) salary ______

1. Figure the average monthly (gross) salary

Average annual (gross) salary= Average monthly (gross) salary

2. Figure the average monthly (net) salary

Average monthly (gross) salary X 0.72 = Average monthly (net) salary

Use the average monthly (net) salary to establish a “Reality Budget”.

Reality Budget

Monthly (Net)Income
Fixed Expenses
Shelter/Rent
Car Payment/Alternate Transportation
Car Insurance
Property Tax/License (car)
Gas
Total
Flexible Expenses
Telephone
Utilities
Food
Household Supplies
Recreation/Misc.
Clothing
Total
Savings (10%)(net monthly income x 0.10)
Balance/Deficit

Transportation Options– Appendix 1.03 (5A)

2000 ToyotaTacoma
2 Dr SR 5 V6 4WD Extended Cab SB / 2000 Chevrolet Tahoe
24 Dr LT 4Wd Wagon / 2000 Ford Mustang
2 Dr GT Coupe / 2000 Honda Civic
4 Dr DX Sedan
OPTIONS / Off Road Suspension Package
Limited Shift Differential
Keyless Entry
Bed liner
Power windows
Moon roof
Antilock Brakes
Aluminum Wheels
Cruise Control
Alarm System
Automatic Transmission
45,000 Miles / Automatic Transmission
Skid Plates
Third Seat
Locking Differential
Camper/Towing Package
Power Moon roof
Leather Seats
All Power Accessories
45,000 Miles / MACH Audio system
Power Driver Seat
Rear Window Defroster
Cruise Control
Traction Control system
Leather Seats
Power Windows
Power Locks
45,000 Miles / Keyless Entry
Air Conditioning
AM/FM/CD Audio
Automatic Transmission
45,000 Miles
PAYMENTS / $15,000 Total Cost
48 Months @ 4.9% Interest
$344/Month
60 Months @ 4.9% Interest
$282/Month / $18,000 Total Cost
48 Months @ 4.9% Interest
$413/Month
60 Months @ 4.9% Interest
$338/Month / $9,000 Total Cost
48 Months @ 4.9% Interest
$209/Month
60 Months @ 4.9% Interest
$169/Month / $8,000 Total Cost
48 Months @ 4.9% Interest
$183/Month
60 Months @ 4.9% Interest
$150/Month
INSURANCE / $342/Month / $327/Month / $400/Month / $300/Month
TAX & LICENSE / $15.50/Month / $18.00Month / $15.50/Month / $12.50/Month
GAS & MAIN. / $155.00 / $165.00 / $135.00 / $135.00

Groceries/Food – Appendix 1.03 (5B)

Thrifty / Average / Liberal
$330.67 / $413.33 / $495.99

Household Supplies

$41.33/Month

Miscellaneous Expenses

Expense / Cost
Movie (Includes ticket, popcorn and drink) / $15.00/Person
Video Rental / $3.99 Each
Direct TV / $65.00/Month
Party / $75.00 Each
Dinner Out / $16.00/Person
Lunch Out / $8.00/Person
Week-end Getaway / $250.00 Each

Clothing

Gross Income / Cost/Month
>$4200.00 / $250.00
$3800.00-$4199.00 / $210.00
$3400.00-$3799.00 / $190.00
$3000.00-$3399.00 / $180.00
$2500.00-$2999.00 / $130.00
$2100.00-$2499.00 / $120.00
$1700.00-$2099.00 / $100.00
<1699.00 / $70.00

Shelter

Option / 1 Bedroom / 2 Bedroom / Room / Live with Parents
Rent / $350.00 / $475.00 / $220.00 / $100.00

Utilities - $175.00/MonthTelephone - $83.50/Month