Let's Budget
Living on Your Own -- Let's Calculate the Cost!

1) Complete the table below using the least expensive values from the Apartment Hunting and Car Loans worksheets, and your totals from numbers 2 and 4 on the Food and Entertainment worksheet.

Monthly Yearly (monthly x 12) Weekly (yearly / 52)

2) Answer the following questions:

In order to meet your minimum needs, how much would you need to earn (after taxes) weekly? Monthly? Yearly?

If you worked 40 hours per week, how much would you need to earn per hour in order to cover your expenses? What if you only worked 25 hours per week?

What other expenses could you incur during the month?

What changes or decisions could you make in order to lower your basic expenses?

© 2011 Educational Broadcasting Corporation. All Rights Reserved.