Monthly Budget Checklist

Please plan accordingly. The following personal expenses must be accounted for every mont
to successfully complete your Virtual Enterprises course. Use this work sheet as your check
to help you set aside the funds necessary.

Using a formula estimate the amount that should be budgeted for each category incorporati
the recommended percentages. Calculate the variance between the amount budgeted and t
actual amount you spent this month. Please note that something must be purchased or save
for each category every month. Your fixed expenses must be the same from month to month
but your variable expenses may change and may not be close to the recommended percenta

Month:

Net Income:

Percent Estimated Actual

Expenses: Budgeted Amount Spent Variance

RENT 34.4%

RENT INSURANCE 0.3%

CABLE/INTERNET 1.0%

CAR PAYMENT 6.9%

CAR INSURANCE 1.7%

ELECTRICITY 2.5%

GAS 0.6%

WATER 0.6%

PHONE 2.6%

GASOLINE 6.2%

FOOD 14.6%
CLOTHING 4.8%

SAVINGS 7.4%

VE PURCHASES 16.4%

TOTALS: 100.0%
ccounted for every month
ork sheet as your checklist

ch category incorporating
amount budgeted and the
st be purchased or saved
me from month to month,
recommended percentage.
 NAME:

ELECTRICITY AND GAS

Monthly Expenses per Household

Enter the monthly amount the best fits your living arrangements. If no one in the household owns a particular item (i.e., no
curling irons for males?) then enter a 0.00. It is assumed that everyone has the appliances provided in the list. *If you have a
waterbed, be sure to add the monthly amount for each waterbed.

ELECTRICITY BILLS 1 Bath 2 Bathrooms 2 Bathrooms 2+ Bathrooms

1 Bedroom 2 Bedrooms 2 Bedrooms 3 Bedrooms 4+ Bedrooms Your Expenses
Air Conditioning 45.00 55.00 65.00 75.00 85.00
Heating 35.00 40.00 45.00 50.00 55.00
Bathroom Lighting 0.50 0.50 1.00 1.50 2.00
Bedroom Lighting 1.25 2.50 2.50 3.75 4.00
Kitchen Lighting 1.00 1.00 1.00 2.00 3.00
Microwave 1.25 2.00 2.00 2.75 3.50
Range 3.00 3.00 3.00 4.00 4.00
Refrigerator 10.00 10.00 10.00 15.00 15.00
Toaster 0.75 0.75 0.75 1.00 1.25
Coffee Maker 0.25 0.25 0.25 0.50 0.75
Living Room Lighting 0.50 0.50 0.50 0.50 0.50
Stereo 1.00 1.00 1.00 1.00 1.00
Television 4.00 4.00 4.00 4.00 4.00
Clock Radio 0.33 0.66 0.66 0.99 1.33
Clothes Washer 2.50 3.50 3.50 4.50 5.50
Clothes Dryer 2.50 3.50 3.50 4.50 5.50
Hair Dryer 0.75 0.75 1.50 2.25 3.00
Curling Iron 0.75 1.50 1.50 2.25 3.00
Phone/Answering Machine 0.50 0.50 0.50 0.50 0.50
Waterbed 15.00 30.00 30.00 45.00 50.00
TOTAL MONTHLY ELECTRICTY $ -
MONTHLY NATURAL GAS 40.00 45.00 50.00 55.00 60.00

To determine your personal monthly electricity and gas, divide the monthly amount by the number of persons in the household.
Be sure to add your personal monthly amount to your MY BUDGET worksheet.
Personal
Monthly Monthly
Electricity: # in Household Payment
Personal
Monthly - ÷ = #DIV/0! Monthly
Gas: # in Household Payment
- ÷ = #DIV/0!

Name of household members:

Other Household Member:
Other Household Member:
Other Household Member:
Other Household Member:
 NAME:
GASOLINE
Vehicle Monthly Fuel Consumption

Vehicle

Make:

Model:

Determine your vehicle's fuel consumption (MPG). You must provide proof via screen shot!
Use this site: http://www.fueleconomy.gov/feg/findacar.htm

Fuel Mileage
City MPG:

Highway MPG:

Average: 0

Determine your monthly fuel consumption.

Use mapquest to determine how many miles your travel to/from your
Round trip to/from work virtual home to your virtual office.
Miles per month - to and from work
Additional miles 500 pleasure miles
Monthly Miles: 500 (on average, a person drives 10,000-15,000 miles per year)
Average MPG: 0
Monthly Gallons: #DIV/0!
$ per Gallon: $ 2.89 (type in the current cost of a gallon of gasoline)
Monthly Gasoline
Expense #DIV/0!