My Budget and Balancing

ByJames Shirey

Carpentry• Carpentry position at Zaveta

Custom Homes for interior and exterior construction

• located in Doylestown, Pa 18901• paid holidays and medical

benefits• Some on the job training is done• I get paid $14.02 an hour and it is

full time• My gross pay is $1121.60 bi-

weekly• With taxes my net pay is $886.06

http://jobview.monster.com/CARPENTER-Job-Doylestown-PA-107568614.aspx

My Home• I have to live on 417 Rose Lane,

Doylestown, PA 18901 • It is a mobile home• My payment per month would be

$76.00 without taxes• My payment with taxes included

would be $243• It would cost me about $56 per

month for home insurance too ($421.17 per month)

• I would also have to pay $122.50 for utilities.

Working Budget

• It would cost me about $100 a week for food

• Clothing would cost me about $100 per month

• I would need to buy a hunting license for $65.80

• $22 fishing license

Investments

• I want to put $40 in for savings account a month

• I would like to put in $10 in for retirement a month

Banking accounts

• M&T banking• There is no fees for

using the accounts

Truck

• I would use my 1986 Dodge to get to work.

• My insurance rate is $432 every 6 months. Which is $864 a year.

• It would cost me a total of $331 per month

Chart

• This chart shows my money being used for transportation, Banking, home, investments, and working budget.

Sales

Home

Transportation

Banking/investments

Working Budget/lesiure

Findings

• I should spend money more wisely by choosing what is important

• I could put more money away for retirement