Budget-Reality Check
Budget Reality CheckGroceriesAmount to be set aside each
month
Monthly payment choices:$125 a month$150 a month$200 a month
HousingAmount to be set aside each month
Option 1-Loan amount $100,000: Monthly payment: $430Option
2-Loan amount $130,000: Monthly payment: $555Option 3-Loan amount
$160,000: Monthly payment: $685
ApartmentAmount to be set aside each month
2 bedroom, 1 bathroom apartment $449 a month1 master bedroom
apartment plus 1 bathroom $499 a month2 bedroom, 2 bathroom
apartment $600 a monthUtilitiesOption 1 Loan amount
$100,000Electricity: $85Water/Sewer: $15Natural Gas/Heat: $30Option
2 Loan amount $130,000Electricity: $150Water/Sewer: $25Natural
Gas/Heat: $80Option 3 Loan amount $160,000Electricity:
$210Water/Sewer: $50Natural Gas/Heat: $110UtilitiesAmount to be set
aside each month
ApartmentElectricity: $30Water/Sewer: $10Natural Gas/HeatHouse
InsuranceAmount to be set aside each month
Renters Insurance:$15 a monthHomeowners Insurance:House worth
$100,000 - $60 a monthHouse worth $130,000- $65 a monthHouse worth
$ 160,000- $70 a monthTransportationAmount to be set aside each
month
Walk or Bike FREEBus $30.00 a monthCar 2007 Price: $8,000 -
Monthly Payment: $124Insurance: $66 for girls, and $241 for boys.
Fuel: $150 (25 miles per gallon)Maintenance: $20 Truck 2006 Price:
$15,000 - Monthly Payment: $232Insurance: $87 for girls, and $237
for boys. Fuel: $250 (15 miles per gallon)Maintenance: $40 Sports
Car 2013 Price: $30,000 - Monthly Payment: $464Insurance: $125 for
girls, and $334 for boys. Fuel: $180 (21 miles per
gallon)Maintenance: $80FurnitureNewUsedSofa, loveseat and
chairTotal $767.00 $64 a monthDining table & 4 chairsTotal
$200.00$26 a monthBed, mattress and dresserTotal $834.00$70 a
monthSofa, loveseat and chairTotal 24 payments$20 a monthDining
table & 4 chairsTotal 24 payments$8 a monthBed, mattress and
dresserTotal 24 payment$30 a month
Amount to be set aside each monthClothingNewUsedNew clothes
allowance$50 a monthUsed clothing allowance$15 a monthAmount to be
set aside each monthSchool LoanOnly Required if Degree was
ReceivedAmount to be paid each month$120Health Insurance Amount to
be set aside each month
Heath insurance for a healthy, non smoking personMaleDeductable
$1,500Monthly $211
FemaleDeducible $1,500Monthly $345TechnologyBasic CableCell
Phone$60 a month for first year, then $80 a month1 smart phone$60 a
month
2 phones$120 a monthInternet$50 a monthAmount to be set aside
each monthDining OutLittle Caesar's# per month x $5Golden Phoenix#
per month x $12Minervas# per month x $25Amount to be set aside each
monthRecreationYMCA membership: $37 a monthWinter ski package: $86
a monthWinter ice skating pass: $4 a dayGolf package: $45 a
monthRacquetball: $12 a monthAmount to be set aside each
monthHolidays and Gift GivingBirthdays, anniversaries, Mothers day,
Easter , Christmas, Fathers day, weddings, showers, baby, new home,
office gifts, etc $10.00 a month$20.00 a month$40.00 a monthAmount
to be set aside each monthEntertainmentRush game- $14 a gameConcert
Ticket: $60 a ticketNetflix: $8 a month (streaming only)$12 a month
(2 DVDs and streaming)Movie Night$7 day movie$10 night movieAmount
to be set aside each month
