Budgeting Monthly Expenses

Name: ______

Destiny’s Child tried to warn you in their popular song, "Bills, Bills, Bills". You will definitely have more monthly bills than just car payments, house payments, and child care costs. So, what will you have to pay in utilities? Water? Gas? Electricity? Car insurance? Do you have an Internet/phone/cable package? Just how much will you spend on food each month? How many times are you planning on dining out? You can expect a whole lotta' bills, bills, bills! It might not be a bad idea to start collecting coupons. Living can get very expensive.

Please ask your parents or guardians to give you an estimate of what you will have to pay for certain bills each month when you are living on your own. Let’s take it one step farther and estimate what it will cost you when you have a spouse and two kids. You will use this information when you work on the “Family Budget Project” next month. Please fill in the information below:

______Homeowner’s Insurance

______Electricity

______Heating the home

______Water

______Garbage

______Cable Phone/Cell Phone

______Internet (sometimes cable/phone/Internet come in bundled packages)

______Food

______Estimated car insurance for two cars – You both have to get to work…

______Gas

______Medical Expenses

______Child Care

______Pets???

______Entertainment???

______Savings?

______Emergency Fund?

______Other expenditures not listed