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Evaluating future budget, covering the below questions based on the information below.

• Will I be living within my means? Does my income cover my expenses? Do I have enough income to pay my bills?
• Is my budget realistic? How will I be able to tell if it is? What would be something that could hinder my plans? What could be done to overcome that obstacle?
• Will I be financially independent from my family?
• Will I have an emergency fund?
• Will I be saving enough for retirement in my budgets/planning?
• Will I have enough to start giving financially to others

Job: Book Keeper		inputs	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Full Year	Source of information (update to show your actual sources used):
Salary (pre-tax)		$ 55,000	$ 4,583	$ 4,583	$ 4,583	$ 4,583	$ 4,583	$ 4,583	$ 4,583	$ 4,583	$ 4,583	$ 4,583	$ 4,583	$ 4,583	$ 55,000	www.salary.com
Less: social security		6.20%	$ 284	$ 284	$ 284	$ 284	$ 284	$ 284	$ 284	$ 284	$ 284	$ 284	$ 284	$ 284	$ 3,410
Less: Medicare		1.45%	$ 66	$ 66	$ 66	$ 66	$ 66	$ 66	$ 66	$ 66	$ 66	$ 66	$ 66	$ 66	$ 66
Less: federal / state income tax		14.0%	$ 642	$ 642	$ 642	$ 642	$ 642	$ 642	$ 642	$ 642	$ 642	$ 642	$ 642	$ 642	$ 7,700	www.taxes.com
After-tax income			$ 3,591	$ 3,591	$ 3,591	$ 3,591	$ 3,591	$ 3,591	$ 3,591	$ 3,591	$ 3,591	$ 3,591	$ 3,591	$ 3,591	$ 43,093
SAVINGS
Emergency	could do % of after-tax income or flat amount	10%	359	359	359	359	359	359	359	359	359	359	359	359	4,309	covers 2 months?
Retirement		12%	431	431	431	431	431	431	431	431	431	431	431	431	5,171
other (purpose?)			100	100	100	100	100	100	100	100	100	100	100	100	1,200
other (purpose?)			50	50	50	50	50	50	50	50	50	50	50	50	600
TOTAL SAVINGS			940	940	940	940	940	940	940	940	940	940	940	940	11,280
EXPENSES
Healthcare			250	250	250	250	250	250	250	250	250	250	250	250	3,000	my parents
Rent or Mortgage			750	750	750	750	750	750	750	750	750	750	750	750	9,000	www.livinginAZ.com
Giving	could do % of take-home (after-tax) pay or flat amount	10%	359	359	359	359	359	359	359	359	359	359	359	359	4,309
your expense #4 example: Utilities			150	150	150	150	150	150	150	150	150	150	150	150	1,800	my current bills
your expense #5			350	350	350	350	350	350	350	350	350	350	350	350	4,200
your expense #6			150	150	150	150	150	150	150	150	150	150	150	150	1,800
your expense #7			200	200	200	200	200	200	200	200	200	200	200	200	2,400
your expense #8			50	50	50	50	50	50	50	50	50	50	50	50	600
your expense #9			100	100	100	100	100	100	100	100	100	100	100	100	1,200
your expense #10			180	180	180	180	180	180	180	180	180	180	180	180	2,160
your expense #11			75	75	75	75	75	75	75	75	75	75	75	75	900
your expense #12
your expense #13
your expense #14
your expense #15
your expense #16
TOTAL EXPENSES
Surplus? Deficit? Does every $ have a purpose?			$ 2,651	$ 2,651	$ 2,651	$ 2,651	$ 2,651	$ 2,651	$ 2,651	$ 2,651	$ 2,651	$ 2,651	$ 2,651	$ 2,651	$ 31,813

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