budget worksheet hourly

	A	B	C	D	I	J
1	MONTHLY BUDGET
2	Name Block
3	Hourly Wage	0
4	Weekly Wage (x 40)	0
5	Monthly wage (x 4)	0
6	Social Security Tax (FICA) @ 6.25%	0
7	Medicare Tax @1.45%	0			FInd your percent by dividing the amount you are putting into the category by your net pay.
8	State Income Tax @5%	0			This will give you the percentage you are using for that category.
9	Federal Income Tax @ 15%	0			EX: $375 for my rent divided by my net pay of 1240 = 30%
10	NET PAY (GROSS - ALL TAXES)	0	You will use your NET PAY for all percentages of your budget		Use your amounts divided by your net pay!
11	Expence	Amount	%	Reason
12	Savings/Retirement				10%
13	Housing-Rent				20%-30%
14	Renters Insurance			$15 flat fee
15	Utilities-Gas/electricity				3%-6%
16	Food-Groceries/Household				8%-15%
17	Transportation-car/bus pass				10%-12%	this is for all three lines: transportation, gas and insurance
18	Gas/Maintenance
19	Car Insurance
20	Clothing				1%-5%
21	Medical-Health Insurance				5%
22	Phone				1%-3%
23	Personal				1%-5%
24	Recreation/Entertainment				1%-8%
25	Cable/Internet				1%-3%
26	Loans-Student Debt				1%-5%
27	Emergency/Misc				1%-3%
28	Charity
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30	TOTAL			must be the same as your net pay above!
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