{\rtf1\ansi\ansicpg1252\cocoartf1265\cocoasubrtf190 {\fonttbl\f0\froman\fcharset0 Times-Roman;} {\colortbl;\red255\green255\blue255;\red80\green81\blue83;\red18\green145\blue157;\red0\green0\blue0; \red109\green109\blue109;\red16\green122\blue135;\red255\green255\blue255;\red139\green141\blue145;\red237\green239\blue239; \red79\green81\blue83;\red118\green185\blue194;} \margl1440\margr1440\vieww14740\viewh10000\viewkind0 \deftab720 \pard\pardeftab720\sa240 \f0\b\fs24 \cf2 Time Required: \b0 20 minutes\cf0 \ \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrt\brdrnil \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clcbpat3 \clwWidth8380\clftsWidth3 \clbrdrt\brdrnil \clbrdrl\brdrnil \clbrdrb\brdrs\brdrw40\brdrcf4 \clbrdrr\brdrnil \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs62 \cf0 Budgets 101: How to Get It Done \fs24 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrt\brdrnil \trbrdrr\brdrnil \clvertalc \clcbpat6 \clwWidth8380\clftsWidth3 \clbrdrt\brdrs\brdrw40\brdrcf4 \clbrdrl\brdrnil \clbrdrb\brdrnil \clbrdrr\brdrnil \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs34 \cf0 LESSoN 9: STUDENT ACTIVITy SHEET 2 \fs24 \cell \lastrow\row \pard\pardeftab720\sa240 \fs38 \cf2 You just accepted your first job and you\'92ll be earning a \b gross income \b0 of $30,000/year. You live on your own and are responsible for all expenses, including rent, car, insurance, cell phone, utilities, entertainment, food, savings and miscellaneous expenses. You have to pay 25% of your gross income in taxes. \fs24 \cf0 \ \pard\pardeftab720\sa240 \i\b\fs26 \cf2 Calculate Your Take Home Pay: \i0\b0\fs24 \cf0 \ \pard\pardeftab720\sa240 \fs26 \cf2 With a gross income of $30,000 and a 25% tax deduction, what is your monthly net income? (Remember this is what you get after taxes.) \b Use this number to start your budget. \b0\fs24 \cf0 \ \pard\pardeftab720\sa240 \i\b\fs26 \cf2 Categorize Expenses: \i0\b0\fs24 \cf0 \ \pard\pardeftab720\sa240 \fs26 \cf2 Determine if your expenses are fixed or variable, and write them in the appropriate sections of the table below. Remember your expenses include: rent, car, car insurance, cell phone, utilities, entertainment, food, savings and occasional expenses. \fs24 \cf0 \ \pard\pardeftab720\sa240 \b\fs26 \cf2 Name:\uc0\u8232 Net Income: /month \b0\fs24 \cf0 \ \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrt\brdrnil \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clcbpat2 \clwWidth1260\clftsWidth3 \clbrdrt\brdrnil \clbrdrl\brdrnil \clbrdrb\brdrnil \clbrdrr\brdrs\brdrw20\brdrcf4 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clcbpat8 \clwWidth7260\clftsWidth3 \clbrdrt\brdrnil \clbrdrl\brdrs\brdrw20\brdrcf4 \clbrdrb\brdrnil \clbrdrr\brdrnil \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \b\fs26 \cf7 Student \b0\fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrt\brdrnil \trbrdrr\brdrnil \clmgf \clvertalc \clcbpat9 \clwWidth8580\clftsWidth3 \clbrdrt\brdrnil \clbrdrl\brdrnil \clbrdrb\brdrnil \clbrdrr\brdrnil \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clmrg \clvertalc \clcbpat9 \clwWidth8580\clftsWidth3 \clbrdrt\brdrnil \clbrdrl\brdrnil \clbrdrb\brdrnil \clbrdrr\brdrnil \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \cf2 Refer to the chart on the next page for the percentages needed to calculate these numbers.\cf0 \cell \pard\intbl\itap1\cell \lastrow\row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrt\brdrnil \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clcbpat3 \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clcbpat3 \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \b\fs26 \cf7 Cost \b0\fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clcbpat3 \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clcbpat3 \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \b\fs26 \cf7 Fixed Expenses \b0\fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720 \cf0 \cell \pard\intbl\itap1\pardeftab720 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clcbpat3 \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clcbpat3 \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \b\fs26 \cf7 Variable Expenses \b0\fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 \'95 \fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 $ \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clshdrawnil \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720 \cf0 \cell \pard\intbl\itap1\pardeftab720 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trcbpat3 \trbrdrl\brdrnil \trbrdrt\brdrnil \trbrdrr\brdrnil \clvertalc \clcbpat3 \clwWidth2040\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clcbpat3 \clwWidth1440\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \b\fs26 \cf7 Total \b0\fs24 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \b\fs26 \cf7 $ \b0\fs24 \cf0 \cell \lastrow\row \pard\pardeftab720\sa240 \i\fs26 \cf2 Continued on the next page. \i0\fs24 \cf0 \ \pard\pardeftab720\sa240 \fs22 \cf2 STUDENT ACTIVITy: BUDGETS 101 \fs24 \cf0 \ \fs22 \cf2 | 4 \fs24 \cf0 \ \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrt\brdrnil \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clcbpat3 \clwWidth8380\clftsWidth3 \clbrdrt\brdrnil \clbrdrl\brdrnil \clbrdrb\brdrs\brdrw40\brdrcf4 \clbrdrr\brdrnil \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs62 \cf7 Budgets 101: How to Get It Done \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrt\brdrnil \trbrdrr\brdrnil \clvertalc \clcbpat6 \clwWidth8380\clftsWidth3 \clbrdrt\brdrs\brdrw40\brdrcf4 \clbrdrl\brdrnil \clbrdrb\brdrnil \clbrdrr\brdrnil \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs34 \cf11 LESSoN 9: STUDENT ACTIVITy SHEET 2 \fs24 \cf0 \cell \lastrow\row \pard\pardeftab720\sa240 \i\b\fs26 \cf2 Divide Your Expenses: \i0\b0\fs24 \cf0 \ \pard\pardeftab720\sa240 \fs26 \cf2 Determine the cost for each category and record the prices in your budget. Use the following percentages to divide your monthly net pay: \fs24 \cf0 \ \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrt\brdrnil \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clcbpat2 \clwWidth2260\clftsWidth3 \clbrdrt\brdrnil \clbrdrl\brdrnil \clbrdrb\brdrnil \clbrdrr\brdrs\brdrw20\brdrcf4 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clvertalc \clcbpat8 \clwWidth13020\clftsWidth3 \clbrdrt\brdrnil \clbrdrl\brdrs\brdrw20\brdrcf4 \clbrdrb\brdrnil \clbrdrr\brdrnil \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720 \cf0 \cell \pard\intbl\itap1\pardeftab720\sa240 \b\fs26 \cf7 sTUdenT TiP \b0\fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrt\brdrnil \trbrdrr\brdrnil \clmgf \clvertalc \clcbpat9 \clwWidth15340\clftsWidth3 \clbrdrt\brdrnil \clbrdrl\brdrnil \clbrdrb\brdrnil \clbrdrr\brdrnil \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx4320 \clmrg \clvertalc \clcbpat9 \clwWidth15340\clftsWidth3 \clbrdrt\brdrnil \clbrdrl\brdrnil \clbrdrb\brdrnil \clbrdrr\brdrnil \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \cf2 You may have to make some adjustments based on your preferences. For example, if you want more money for entertainment, can you afford to cut back on rent or your car loan? Or, if you want to live in an urban area where rent is higher, can you cut back on another expense to afford it?\cf0 \cell \pard\intbl\itap1\cell \lastrow\row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrt\brdrnil \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth3940\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 Rent: 30% of net pay \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth3940\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 Utilities: 10% of net pay \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth3940\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 Car Insurance: 5% of net pay \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth3940\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 Cell Phone: 5% of net pay \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth3940\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 Occasional Spending: 10% of net pay \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth3940\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 Savings: 10% of net pay \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth3940\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 Food: 15% of net pay \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth3940\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 Car Loan: 10% of net pay \fs24 \cf0 \cell \row \itap1\trowd \taflags1 \trgaph108\trleft-108 \trbrdrl\brdrnil \trbrdrt\brdrnil \trbrdrr\brdrnil \clvertalc \clshdrawnil \clwWidth3940\clftsWidth3 \clbrdrt\brdrs\brdrw20\brdrcf2 \clbrdrl\brdrs\brdrw20\brdrcf10 \clbrdrb\brdrs\brdrw20\brdrcf2 \clbrdrr\brdrs\brdrw20\brdrcf10 \clpadt20 \clpadl20 \clpadb20 \clpadr20 \gaph\cellx8640 \pard\intbl\itap1\pardeftab720\sa240 \fs26 \cf2 Entertainment: 5% of net pay \fs24 \cf0 \cell \lastrow\row \pard\pardeftab720\sa240 \i\b\fs26 \cf2 Assess Your Budget: \i0\b0\fs24 \cf0 \ \pard\pardeftab720\sa240 \fs26 \cf2 Compare your expenses to your monthly income. Have you spent everything you\'92ve earned? Do you have money left over for savings? What expenses could you lower to increase your savings? \fs24 \cf0 \ }