By: Mr. West and Ms. Synder

Budget- An estimate of income and expenditure for a set period of time.

OrHow much money you earn compared

to how much money you spend.

What do you spend your money on?

What do your parents/guardians spend money on every month?

Make a list of everything you and parents spend money on.

Rent$700

Food$200

Utilities… Gas, Electricity, Water, Trash$100

Gas$150

Car Payments$300

Insurance… Medical, Dental, Life, Car$150

Clothes$50

Car needs… Wash, Oil, Maintenance$100

Luxuries… TV, Internet$100

Phone/Cell$50

Loans…School, Business, Personal, Credit Card$100

Miscellaneous…Travel, Birthdays, Tickets, SAVINGS, Emergency Fund, Investing, Household, Haircuts and Body$100

$1950 per month or 23,400 a year. This does not even include doing fun things

like traveling, going to movies, music, computer and other expenses. Also you would want to probably save money for later too… These things would only cost more.

What if you had kids? What do they need and cost?

Would you be able to afford life if you are a….???

The average high school drop out makes 22880 per year before taxes. About $7-10 dollars and hour. Can you afford your life?

In one year a graduate makes $32552 before taxes. About $10-15 dollars an hour. Can you afford that?

The average college graduate makes $53976 a year before taxes. An average of $30-40 dollars and hour. Imagine what you could afford with that!

The average doctorate or professional degree makes about $83720 a year. They earn about $50 an hour or more. Imagine what you could do what that much money!!!

The more education you attain… the more money you earn.

It is expensive to live. Budgets let you know what you are spending your money on.

JUST IMAGINE IF YOU HAVE KIDS TOO!!!