My Personal Budget

KAYLA CARTER Personal Finance

Period: 7

03/03/17 1
 Monthly Salary:7,500 (Gross Pay)

MY INCOME- $90,000
Yearly Salary: 90,000 (Gross Pay)
A nurse practitioner is an advanced nurse
that deals with all types of patient care,
diagnosis, treatments and consultations.

JOB TITLE: NURSE

They can work in both inpatient and
outpatient situations and can work
independently or as part of a treatment
team. Generally, they educate patients
about preventative care and if needed,

PRACTITIONER
prescribe treatments. They may also
conduct physicals, order tests and be a
patient's primary healthcare provider.

03/03/17 2
NET SALARY
Nurse Practitioner
PAY
Net Pay:67,500 (22,500 taxed a year)
Monthly Net Salary: $5,625

03/03/17 3
 MY HOME
Location: Madison, WV
Total Cost: 149,900
Cost to buy for 20%: 29,980
Monthly Mortgage to pay house off in a 15
years:1,054
Monthly Mortgage: 382.61

03/03/17 4
 UTILITIES- AEP
HOME OR APARTMENT
My monthly electric bill is: $93.39
Kwh used per month is:1139 kWh
My monthly gas bill is: $227.58
Amount of gas I use per month:
2629kWh

http://laneelectric.com/tools/bill-estimator/

03/03/17 5
 EXPENSE 1
STUDENT LOANS
Monthly student loan payment: 500 dollars per year. (6
years * 500 dollars) = 3,000 dollars owed.

03/03/17 6
 VEHICLE

Estimate for gasoline, car insurance and car

maintenance a month: 175.42
Approximate miles travel a week by car: 200
Miles per month: 800
Your car gets 26 Miles per gallon: 31 gallons a
month
Number of gallons of gas per month cost of
gasoline per gallon: 77.5

03/03/17 7
 TRANSPORTATION

My Auto insurance as a new

driver will be approximately 1,560
per year.
My monthly auto insurance
budget will be : 130
Total Yearly auto insurance: I will
need to save $130 dollars per
month
03/03/17 8
 USED CAR
Car: 2013 Kia Optima SX Sedan
Cost: $18,994
Monthly Insurance: $60.42
Monthly Payment to Pay car off in
1 year: $1,582
Gas per month: $77
Repairs per month/ upkeep : $40

03/03/17 9
 EXPENSE 4
GROCERIES
Walmart Shopping expense
for one month: $100
Items:
Milk
Bread
Chicken
Cereal

03/03/17 10
 EXPENSE 5
ENTERTAINMENT & CLOTHING

How many and how much do you spend

on entertainment and Clothing a month:
$310
My monthly expense for going to the
movies, concerts DVDS or games is: $60
I do my clothes shopping at PINK,
Charlotte Russe, Hollister and American
Eagle and I spend about $250 a month.
Blouses, dresses, shoes, pants, etc.
Monthly amount for dining: $100
03/03/17 11
 EXPENSE 3
CELL
Cell PHONEphone
phone/Smart BILL Monthly
FOR
Expense is:VERIZON
$50 for 4 GB of data

03/03/17 12
 EXPENSES 2
TV & INTERNET BY DISH
NETWORK
Cable for 240+ channels: 65 dollars
Internet: 14.95 a month
Total amount owed a month : $79.95
https://www.dish.com/holidaysalesearch200/?
ps=1&utm_medium=Paidsearch&utm_source=GOOGLE&utm_campaign=PS66
2&utm_term=dish&utm_content=9814&match=e&kcid=1875c1cb-bc96-47fb-
9cea-2998e178a5eb&pid=4|
137822&KBID=8887360118&RP=SEM153180&device=c&gclid=CIySi9uf79ACF
ZQ0aQodn5sAKw

03/03/17 13
 HEALTH & PERSONAL
CARE
Doctor Visits? Costs: $25
Yearly Check-up
Dental Visits/Costs: $0
Two Yearly Check-ups
Total Costs:$25

03/03/17 14
 GIFTS/DONATIONS
Birthdays: $130
Sister
Mom
Dad
Brother
Weddings: $45
Holidays: $200
Personal Relationships:$80
Gifts or donations to Church, Food Bank $30
In order to purchase this much, I will need to save $40 every
month.

03/03/17 15
 SAVINGS

My Bank: BB&T
Savings account:
Amount you will put in savings
and not spend: $5,000
Checking account (Debit) is
the account you pay bills
from: $2,500
03/03/17 16
 MY MONTHLY SUMMARY
My monthly net income is: $5625
My monthly expenses including my
savings a month is: $11,221
So monthly I am Saving {In the Black}
(How Much money do you have left
over?) $935

03/03/17 17
 WRITE-UP
With an income of $67,500 a year, I was able to
purchase a 149,900 dollar home, and an 18,994 dollar
car while also being able to afford Gifts for everyone in
my family and shop for myself monthly. Although I had
money to spend, It is important that a lot of it would be
saved for emergencies. 5,000 dollars a month would
be in a savings account, while 2,500 dollars would be
accessible for emergenices.

03/03/17 18