Sample Budget

Lesson Plan: Budgeting Your Financial Resources

Sonny Cruz, a full-time tour guide, has an annual salary of $15,000. After he pays his taxes and health insurance, his annual salary is $12,000. This is what Sonny's monthly budget looks like:

Income (after tax & health insurance)	$1000
Savings interest earned	$ 4
Total Income	$1004

Fixed Expenses
Housing/Utilities	$350
Telephone	$ 30
Transportation	$200
Credit/Student Loan	$100
Savings	$ 71
Total Fixed Expenses	$751

Variable Expenses
Clothing/Personal Care	$ 50
Food	$110
Household Supplies	$ 25
Medicine/Health Supplies	$ 18
Entertainment	$ 50
Total Variable Expenses	$253

Total Expenses	$1004

Comparison
Total Cash Available	$1004
Less Total Expenses	$1004
Cash Balance	$ 0