Instructions
Complete the following sections based on your understanding and research about monthly wages, living expenses, and budgeting. Use the space provided to write your answers.
1. Monthly Wage Estimate
Research the average monthly wage for a job you are interested in. Write your estimate below:
2. Living Location
Choose a city or town where you would like to live. Write the name of the location below:
3. Housing Costs
Research the average rent or mortgage for your chosen location. Write the estimated monthly housing cost below:
4. Utilities
Calculate or estimate your potential monthly utility costs (electricity, water, gas, internet, etc.). Write your estimate below:
5. Grocery Expenses
Estimate how much you would spend on groceries each month. Write your estimate below:
6. Other Expenses
List any additional monthly expenses (transportation, insurance, entertainment, etc.) and provide your estimated costs below:
7. Total Monthly Expenses
Calculate your total monthly expenses by adding all estimated costs. Write the total below:
8. Remaining Income
Subtract your total monthly expenses from your estimated monthly wage to find the remaining income. Write your calculation and answer below:
9. Reflection
In a few sentences, reflect on what you learned about managing monthly wages and expenses: