What is your job? Software programmer What is your partners job?

What is your annual salary? (If you have a partner, combine your salaries) =
Use this website to determineyour Net Pay. If your state doesn't have income tax, use the bracket below.
Calculate your Net salary after taxes =
What state do you live in? Arkansas
Do you have children? no

Federal 2022 Tax Brackets (Due April 15, 2023)

Tax Married filing
Single filers
rate jointly*
10% $0 – $10,275 $0 – $20,550
12% $10,276 – $41,775 $20,551 – $83,550
22% $41,776 – $89,075 $83,550 – $178,150
24% $89,076 – $170,050 $178,151 – $340,100
32% $170,051 – $340,101 – $431,900
$215,950

35% $215,951 – $431,901 – $647,850

$539,900

37% $539,901 or more $647,851 or more

 $391,891
ome tax, use the bracket below. State Income Tax Calculators: Estimate Your State Income Taxes (efile.com)
$ 254,729.15
come Taxes (efile.com)
 Provide the link to your
housing: 120 Babbs Dr, Hot Springs, AR 71913 | realtor.com®
Principle and Interest/rent $ 601.00
Property Taxes $ 40.00
Insurance $ 48.00
Utilities $ 100.00
HOAs $ -
Total monthly housing $ 789.00

www.realtor.com
www.zillow.com
if you are unsure about the type of vehicle that you want look here: Cars for Sale - Used and New Cars, SUV
Use the web links below to find the figures you need to find your totals
Cost of Car Ownership - 5-Year Cost Calculator | Edmunds.com

For monthly car payments:

$47,995 + $2,545 ÷ 60 = $ 842.33
total price of the car Financing Car payments

For monthly gasoline: divide by 60

$3,778 ÷ 60 = $ 62.97
Fuel Gasoline

For monthly maintenance, add Insurance, Maintenance, and Repairs then divide by 60
$ 1,485.00 + $ 212.00 + ### ÷ 60.00 =
maintenance repairs

Vehicle Link
https://www.kbb.com/cars-for-sale/vehicl
=

+ ÷ 60 = $ -
price of the car Financing Car payments

For monthly gasoline:

÷ 60 = $ -
Fuel Gasoline cost

For monthly maintenance, add Insurance, Maintenance, and Repairs then divide by 60
+ + ÷ $ 60.00 =
insurance maintenance repairs

Vehicle link
=

Transportation Total =

You may choose not to have a vehicle and instead opt for public transpertantion. If that is the case, look for the monthly pass in the city you l

Public transpertation =
r Sale - Used and New Cars, SUVs, and Trucks - Autotrader

Tesla Costs (caredge.com)

could be a write off of my job for tanportation and go into taxes and cost less btw >:) -David

$ 48.72

monthly
maintenance

$ 954.02
Total Monthly

$ -

monthly
maintenance

$ -
Total Monthly
$ 954.02

ook for the monthly pass in the city you live in.
Determine how many people
you will be buying clothing for ? 2 people

What will you spend on each

member of your family per year?
Jacob
750
David
500

Annual Clothing Budget = $ 1,250.00

Total Monthly Clothing Budget = $ 106.17

Average Cost of Food Per Month in 2022
Age-Gender GroLow-Cost Plan Moderate Plan Liberal Plan
1 year $163.20 $183.10 $219.70
2-3 years $171.50 $203.60 $245.50
4-5 years $175.60 $215.60 $258.40
6-8 years $244.60 $292.10 $340.30
9-11 years $260.90 $334.60 $387.60
Male
12-13 years $300.00 $373.00 $436.00
14-18 years $305.40 $383.23 $444.00
19-50 years $301.00 $377.00 $458.00
51-70 years $283.00 $355.00 $424.00
71+ years $272.80 $337.20 $422.50
Female
12-13 years $255.30 $304.00 $368.80
14-18 years $256.60 $305.00 $377.00
19-50 years $261.50 $318.00 $406.00
51-70 years $2,454.00 $314.00 $377.00
71+ years $253.00 $312.00 $372.00

To find the total - press = and then click the approriate cells with a + sign in betwe

Total Grocery Budget

Eating Out 3-4 days x $17.53 = $ 70.12

Number of times Average cost

you will eat out of your meal
per month Total eating out
lls with a + sign in between each one

$754.00

Total Food Budget $ 824.12

Items Brand Name Price
Viva Signature $ 9.98
Cloth Paper
Paper towels Towels, 6 Double
Rolls (94 Sheets
per Roll)
Toilet paper charmin ultra soft $ 10.98
glad kitchen trash $ 55.99
Garbage can can
Garbage bags Hefty 25 Count $ 9.98
Mop non-brand $ 20.00
Broom non-brand $ 23.50
iRobot Roomba $ 269.99
Vacuum 694
Toastmaster 2- $ 12.79
Toaster Slice Toaster
Mr. Coffee 12 Cup $ 27.99
Switch Coffee
Coffee maker Maker - Black

Powder cleanser Ajax $ 12.79

All-purpose spray Lysol $ 7.59
Scrub Daddy 10 $ 10.00
Sponges pack
Window cleaner Windex $ 12.02
Pledge non-brand $ 8.19
Toilet scrubber Clorox $ 20.86
Gain $ 19.89
Laundry detergent
Dishwashing Dawn $ 4.49
detergent
Shampoo Suave kids $ 4.18
Conditioner Suave kids $ 4.18
Tooth brush Colgate $ 6.65
Tooth paste Colgate $ 3.65
Body wash Suave kids $ 4.18
Hand soap Dawn $ 4.49
Deodorant Degree $ 5.29
Blow Dryer revlon $ 12.99
Diapers Pampers $ 44.99
Total $ 627.63

After looking at the prices of these items, and understanding that some
things will need to be purchased more often than others, how much do
you think you should budget for house hold items each month?
Total Monthly 390
Entertainment includes whatever you do for fun.
Tickets (if you have a partner you will need 2)
You will look up prices for each of these items. Then you will create a formula using your prices.
Concert
Local Sports team 256
Musical theater 29.5
Movies 25.5

Ticket total = $ 311.00

Streaming
make your selections and total your streaming services
Netflix: $ 17.99
Hulu: $ 7.99
Spotify Premium: $9 $ 9.99
Disney + $ 6.99
wifi ( you decide) $ 185.00
Crunchy roll $ 35.99
???

Streaming Total = $ 263.95

Cell Plan
determine your cell provider and plan.
Provider Xfinity
Plan Ultimate
Cell plan Total = $ 90.00
Hobbies
What would you enjoy doing in your down time? How much would those hobbies cost you per month?
Adult league sports
Fixing Cars
Painting
Playing Guitar
Recording videos 120
Gaming system 800 30 per month
Skiing
Boating
???

Hobbies Total = $ 950.00

Children Activities (If it has an m that’s monthly, if it says per season /12)
Dance $65 M
Rec Legue $70 per season
Travel Teams $250 M
Swim $70 per session
Karate $50 M
Music $100 M

Children Activities Total = $ -

Total Entertainment Budget = $ 1,614.95

ou per month?
sperm
little sperm
little sperm
Getting away and taking a break is an important part of a balanced life
Think about what type of vacations you would like to take in a year.
Type of trip: Cost: Frequency: 0 times
Day trips $100 $0
Weekend Getaway $400 $0
Camping $200 $0
Sight seeing domestic trip $2,500 0.5 $1,250
InternationalTrips $5,000 $0
Amusment Park/ water Park $75 4 $300
5 day Roadtrip $800 $0
??? $0
??? $0

Annual vacation budget:

Total Monthly Vacation:

f a balanced life.
ke in a year.

$1,550

$129
Savings is an important part of all budgets. Determine what categories you
will save for and how much you will save each month. Examples:
retirement, emergencies, repairs

These are suggestions or examples, not answers. You

need to decide what will be best for you.
Supplemental retirement $450
Emergency Fund $250
Replacements $250
Children's college fund $275
Investments $350
???

Monthly Savings = 450

If you have Children, you pay for Childcare

Number of children >11 =

Monthly cost per child= $611

Total Childcare = $0
Student loan debt
Look at the required education for your career. Based on the education level, identify your student loan debt.
Bachelors $28,950
MBA
MA
Law degree
Medical degree
Monthly Student loan payment = $1,553.28
Student Loan Calculator - Student Loan Amortization Schedule

Based on the debt you drew, determine what you will pay per month

Credit Card Calculator

Credit card debt = 5671

Monthly credit card payment = $ 5,871.00

Combined total debt = $34,821.00

y your student loan debt.

n Amortization Schedule
Monthly Budget
Housing $ 789.00 Monthly Budget $39,213.42
Transportation $ 905.30
Clothing $ 83.00
Food $ 824.12
Household items $ 300.00
Entertainment $1,351.00
Vacations $ -
Savings $ 450.00
Childcare $ -
Debt ###
Net Monthly = ###
Gross Monthly = ### Transportation Clothing Food
Household items Entertainment Vacations
Gross Annual salary = ###
Savings Childcare Debt
Net Monthly = Gross Annual salary =