| Occupation | Amount Calculated |
|---|---|
We hope you enjoy this activity. You have selected your career and a salary that you can reasonably expect to earn within the first 5 years, as well as a student loan payment (if applicable).
You’ll need to find housing, food, transportation, clothing, insurance, phone plan… the list goes on! Don’t worry, we’ve put together booths that will help you select your best options.
Each booth is manned by volunteers who are eager to answer questions you may have and help guide your purchases. If you need additional help, several volunteers are out and about who can help you — just look for the people in plaid!
Chapter 1
Are you ready to adult?
| Occupation | Amount Calculated |
|---|---|
Find your salary range and take out taxes: Multiply your gross annual salary by the % and enter the amount on the line
| Tax Bracket | Tax Percentage | Gross Annual Salary |
|---|---|---|
| $9,525 - $38,700 | 12% | |
| $38,700 - $82,500 | 22% | |
| $82,500-$157,000 | 24% | |
| $157,000-$200,000 | 32% | |
| $200,000-$500,000 | 35% |
| Gross Pay | - | Taxes | = | Yearly Take Home Pay After Taxes |
|---|---|---|---|---|
| - | = |
| Monthly Income (this is your net pay divided by 12) |
|---|
| Student Loan | Credit Score | What is your monthly savings goal? |
|---|---|---|
Chapter 2
Housing
| Roomate? | Apartment or House |
|---|---|
| Description | Expenses |
|---|---|
| Rent | |
| Utilities | |
| Savings for a house? | |
| Household Care Items |
| Housing Total |
|---|
Chapter 3
Transportation
| Description | Expenses |
|---|---|
| Auto Loan Payment | |
| Other Transportation | |
| Gas |
| Transportation Total |
|---|
Chapter 4
Insurance
| Description | Expenses |
|---|---|
| Health | |
| Auto | |
| Vision |
| Insurance Total |
|---|
Chapter 5
Food
| Description | Expenses |
|---|---|
| Groceries | |
| Eating Out | |
| Coffee/Tea/Soda/Etc. |
| Food Total |
|---|
Chapter 6
Clothing
| Clothing Total |
|---|
Chapter 7
Electronics
| Description | Expenses |
|---|---|
| TV | |
| Internet | |
| Cell Phone + Data Plan | |
| Streaming |
| Electronics Total |
|---|
Chapter 8
Personal Care
| Description | Expenses |
|---|---|
| Maintenance | |
| Grooming | |
| Gym Membership |
| Personal Care Total |
|---|
Chapter 9
Entertainment
| Description | Expenses |
|---|---|
| Sporting Events | |
| Concerts | |
| Vacation | |
| Activities | |
| Video Games |
| Entertainment Total |
|---|
Chapter 10
Wheel of Reality
Spin the wheel and enter the dollar value below. If you got something that spends more of your money ADD it to your total expenses. If you received extra money, SUBTRACT it from your total expenses.
| Wheel of Reality Amount |
|---|
| Student Loan $ (If Applicable) |
|---|
Add the totals from each booth, your Wheel of Reality amount, and student loan payment, if applicable, to get your total monthly expenses. Place that amount in the chart below
| Total Monthly Expenses $ |
|---|
| Total Monthly Income | - | Total Monthly Expenses | = | Your Money |
|---|---|---|---|---|
| - | = |
| Did you meet your savings goal? |
|---|
We hope that this activity will be a good example to use as you create a real-life budget for yourself.
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