I’m Doing an Economics Budget Assignment as Follows Objective: Create and analyze a budget based on your post high school/college…

I’m Doing an Economics Budget Assignment as Follows Objective: Create and analyze a budget based on your post high school/college career income. Monthly Budget and Questions Responses must be typed. Response questions answers must be at least one paragraph each. My future Career: Spanish Interpreter/Translator Starting Salary: 1,255.58 I’m going to live in: Monarch Crossing Scenario : You Live by yourself, NO Roommates, MUST have car payment Budget should include: Monthly Income (Gross&Net) Taxes (income times 0.1,0.2, or 0.3 depending on your bracket) Rent/Mortgage Car Loan Car Insurance Gas Allowance Grocery Allowance Utilities Charitable Donations Savings amount Personal expenses Pet Expenses Fun Money Miscellaneous ** Every Penny MUST be Accounted For In Your Budget Analyze it: 1) How would your budget change if you get a raise that works out to an additional $200/month? 2)How would your budget be different if you had a child? 3)How would your budget change if you were laid off and drawing 60% of your old income through unemployment benefits? 4) What other things might occur that would affect your monthly budget? Outline: I. Introduction that summarizes your future career, salary, living arrangments, ect. II.Budget (Chart/Spreadsheet format) III.Responses to Analyze It questions She gave us these work sheets http://www.betterbudgeting.com/budgetformsfree-basicbudgeting.htm http://frugalliving.about.com/library/pdfs/BudgetWorksheet.pdf I could really use help on doing this whole thing because I have no idea what im doing so far I have the money for Groceries $180.77 and Mortgage/Rent $625

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