Grade 9

Where is YOUR money going?

You are going to design a budget for 6 months.

You will need to find a job, find a place to live (apartment) and create a budget.

Go to www.wcvb.com and find a job and an apartment in the Boston or greater Boston area.

You will need to budget in how you will travel around- T or a car. If you choose to travel by using the T- you need to live within walking distance to a stop and also budget in the price of a monthly T pass.

 

If you choose to travel by way of a car- you need to also find a car and budget in a monthly payment for it as well as car insurance. (1200 a year for an average car)

Also- if you choose to travel by way of a car then factor in gas.

 

You will need to eat each month- to calculate a monthly price for how much you can spend on food go to http://www.peapod.com/  and check out what you want and see how much it will cost. Choose enough food for only one week then multiply that by 4.

 

Choose a phone plan and budget in your phone bill.

 

You will need to socialize- budget in how much money you will need for that per month.

This will be at least 100 per month.

 

Create a spreadsheet that will take you through a 6 month budget.

Make sure there is a place that highlights where your total expenses. (Use the auto sum button)

Have a row that has your monthly income.

Also- have a “Savings” row. This should show how much you could actually save after you pay your bills.  This formula should be your total from each column – your weekly salary.

 

	January	February	March	April	May	June
Rent	350	350	350	350	350	350
Phone	70	70	70	70	70	70
Food	100	100	100	100	100	100
Car	475	475	475	475	475	475
Car Insurance	95	95	95	95	95	95
Misc	125	125	125	210	100	120
Total	1215
Weekly Salary	1325	600	600	600	600	600
Savings	110