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Young Adult Classroom Worksheets Unit 1:Basics of Banking

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Make your Budget Edit

You are an 18-year-old high school graduate who makes about $15,000.00 dollars per year working as a cashier at Stop &Shop. Make your money work for you below. Figure out which bills you need to pay and which bills can be eliminated. You must find ways to save money in order to make your budget work for you. If you eliminate any of the expenses below, you have to give an alternative for it.


Expenses:

Rent $1000.00 per month
Food Bill $200.00 per month
Bills (heat, electricity, water) $200.00 per month
Cell Phone $50.00 per month
Car payment $150.00 per month
Car insurance $75.00 per month
Entertainment $150.00 per month
(out to dinner, movies)
Clothes $200.00 per month
Gym Membership $50.00 per month
Miscellaneous $50.00 per month


Figure out how much money you make per month.

..............................................................................


Figure out what your expenses total is per month.

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5

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