2017 Homecoming Dance.docx - NAME: The Student Budget DATE:...

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NAME:DATE:The Student Budget(1/3)Part 1Directions:Use the attached budget form or the budgeting tool located on foundationsU.com to create threezero-based budgets: one for each student described below and a personal one based on your income (thismay include a regular allowance from your parents) and expenses. Fill in all income and expenses on theform with the information provided. Remember to compute net pay by taking 20% out for taxes.1Marcus, a high school student, works at a lumberyard making $10.50 an hour. With his academic and sportsschedule, he is able to work 25 hours a week. He can pick up extra hours, but not consistently. Marcus lives athome, so he has very few bills. He is responsible for his cell phone bill, which is $65 a month. He pays for his autoinsurance, which is $1,200 a year, and he pays for gas, maintenance and repairs on his car. Lastly, Marcus isresponsible for his spending money. He has a fully funded emergency fund of $500 but has a goal of saving

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Term
Summer
Professor
Greg Yeager
Tags
Marcus, Personal Finance High School

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