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Orlando Ortiz

Period 1
10/23/13

Personal Budget 1:
Monthly Income: I am earning $11.00 per hour with a 28% tax rate:
$11 per hour x 40 hours x 52 weeks at a 72% net pay after taxes = $16473.60
Annual Income ($16473.60) divided by 12 months = $1372.80 a month.

Monthly Expenses:
1.
2.
3.
4.
5.
6.
7.

Rent
Food
Telephone
Gas (heating)
Electric
Laundromat
Car insurance
Males= $910 12 months
8. Car Payment / Car Repair

$400
$168.42
$25
$0 included
$0 included
$6
$75.80

9. Gasoline
10. Entertainment
11. Clothing
12. Gifts
13. Work Expenses
14. Loan Repayment ($1000 12 months)
15. Health Insurance (above what employer pays)
16. Savings

$122.92
$50
$67.70
$39.50
$46
$11
$15
$83.33
$175
$87.13

Total..$1285.67

Housing

Rent: $800 per month divided by 2 people


= $400 monthly per person
Rent partner: Cristian Lopez

Telephone:
$25- Metro PCS
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Utilities:

$0 Included in house. (Gas, water, electric)

__________________________________________________________________

Laundromat:
Step 1:
Step 2:

4-loads/ month
4 loads x $1 per load (cost of washer and dryer per load)

$4 x $1=$4
Subtotal: $4 for machine use
Step 3:

4 loads x $.50 (cost of detergent per load)


$0.50 x 4 = $2
Subtotal: $2 for soap
Total: $6
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Clothing:
Item:
Jeans
Socks
Underwear
Shoes
Shirts
Shorts

Price per Item:


$30
$8/6 pairs
$7.50/3 pairs
$65
$10/ shirt
$15/shorts

Quantity Needed:
4
24 pairs
18 pairs
2 pairs
15 shirts
5 shorts

Total: $552
The total ($552) divided by 12 monthly payments
Monthly Total: $46

Total Price:
$120
$32
$45
$130
$150
$75

Food:
Items:
Milk
Bread
Cornflakes
Eggs
Apple Juice
Cheese
Rice
Beans
Smuckers Jelly
Lettuce
Tortilla
Orange Juice
Ham
Steak
Apples
Onion
Avocados
Lemons
Tomatoes
Cooking Oil
Ketchup
Mayo
Bananas
Chips
Cookies
Ground Beef
Butter

Quantity:
3 gal
2 loafs
2
24
3 gal
8 lbs
3 lbs
2 lbs
1
1
90 cnt
2 gal
2 packs
7 lbs
12 lbs
1 lb
3
1 lb
3 lbs
48 oz
32 oz
16 oz
3 lbs
2 bags
2 packs
3 lbs
27 oz

Price Per Unit:


2 gal/$4.25
$1.20
$2.30
$2.59
$3
$5.24
$1.10
$1
$2.97
$0.89
$2.69
$3.89
$3.75
$3.49
$0.79
2 lbs/$1
$0.50
$0.75
$2.50
$2.99
$1.89
$2.09
$0.99
2 for $4.50
$3
$1.99
$3.90

Total Price:
$6.38
$2.40
$6.60
$2.59
$9
$5.25
$1.10
$2
$2.97
$0.89
$2.69
$7.78
$7.50
$24.43
$8.28
$0.50
$1.50
$0.75
$7.50
$2.99
$1.89
$2.09
$2.97
$4.50
$6
$5.97
$3.90

Food Subtotal $130.42

Personal Items
Items:

Quantity:

Price per unit:

Total Price:

Soap

$1

$2

Toilet Paper

8 rolls

$5.99

$5.99

Toothbrush

$2

$2

Listerine

250ml

$4.39

$4.39

Razors

Pack of 4/$5

$5

Cotton Swabs

250

$4.99

$4.99

Deodorant

$2.29

$2.29

Dish Soap

1/ 500ml

$1.69

$1.69

Cologne

$5.99

$5.99

Toothpaste

$3.19

$3.19

Personal Items Subtotal: $38


Food Subtotal: $130.42
Personal Items Subtotal: $38

Total: $168.42
__________________________________________________________________

Loan Repayment:
$1000 divided by 12 months = $83.33 monthly payment
__________________________________________________________________

Health Insurance (addition to what employer pays):


$175 per month

Car:

Key Details
145,880 Miles
Nighthawk Black Pearl
4 Cylinder Engine
Gasoline
4 Speed Automatic Transmission2 wheel drive - front
Two Door Coupe
Stock No: R944
VIN: 1HGEM22905L025442
AM/FM Radio

__________________________________________________________________

Car Repair
$50 includes oil change, wash and repairs
_________________________________________________________________
_

Car Insurance:
Year (Average): $910 male

Month: $75.80

Car Loan:

__________________________________________________________________

Gas:

*Situation: I live 10 miles from work, thus 20 miles a day, and 22 work days a month.
My car gets 31 mpg
Gasoline costs $3.89 per gallon

Work:
20 miles of work x 22 days = 440 miles
440 miles divided by 31 mpg = 14.1 gallons
14.1 gallons x $3.89 (cost per gallon) = $55.20 on gas per month
Additional Driving:
100 miles of driving in a month divided by 31 mpg = 3.2 gallons
3.2 gallons x $3.89 (cost per gallon) = $12.50

Work (gas):
Additional (gas):

$55.20
$12.50

Total:

$67.70

Entertainment:
Activity:

Price each time:

Number of Times:

Total Price:

Hamburgers

$5

$10

TV

Free

Unlimited

$0

Internet

$15/ Dish

Unlimited

$15

Pizza

$5 per box

$10

Movie Rentals

$1.50

$4.50

Total Price: $39.50


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Work Expenses:
Parking = 0 cents a day x 22 work days = $0
Lunch = $6 per day x 2 days you buy lunch = $12
Snacks = $0.75 per day x 4 snacks = $3

Total:

$15 per month

__________________________________________________________________

Gifts:
Birthdays:
Who?
Who?

Mom
Dad

Shirt.$20
Pants$22

Christmas:
Who?
Who?

Mom
Dad

Earings.$25
Slippers$20

Weddings:
Couple: Jason and Sara
Photo Frames.$20
Couple: Cristian and Kaira
Dishes.$25
Total (year): $132
Total ($132) divided by 12 months =

$11 per month on gifts

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