Directions: Assignment is to create a personal budget. Use the template provided as a guide. Add or delete items as
needed. Then write a short explanation of your budget, which items you would be able to change (flexible), and which are always
the same (fixed). Describe how your budget may change over time and how you will respond to these changes.
Use ONLY ONE of -a. or-b. to calculate your income. Include -c through -h in your budget planning.
a. Your actual employment income if you have a job
b. If you are not employed then use a projected income of $10.00 per hour for 30 hours per week
c. Don't forget to include such expenses as rent, food, utilities, phone, transportation, etc.
d. Identify the fixed and variable expenses in your budget
e. Total your expenses weekly, monthly, and yearly
f. Calculate your gross and net income
g. Describe how you calculated your monthly income. This budget should reflect how you would support yourself on the
income that you calculated.
h. Do not submit a budget stating that you have no expenses.
