Budgeting

1. Main Budget
Gilberto Pena
Date Created: 31/07/19
8/18/19
Personal Budget - Monthly
(Enter Monthly Amounts) 3 Checks 3 Checks
January February March April May June July August September October November December Annual
Payroll
Gross Pay 4,160.00$ 4,160.00$ 4,160.00$ 4,160.00$ 4,160.00$ 4,160.00$ 6,240.00$ 4,160.00$ 4,160.00$ 4,160.00$ 4,160.00$ 6,240.00$ 54,080.00$
Income Tax Withholding 208.00$ 208.00$ 208.00$ 208.00$ 208.00$ 208.00$ 624.00$ 208.00$ 208.00$ 208.00$ 208.00$ 624.00$ 3,328.00$
Social Security Tax 128.96$ 128.96$ 128.96$ 128.96$ 128.96$ 128.96$ 386.88$ 128.96$ 128.96$ 128.96$ 128.96$ 386.88$ 2,063.36$
Medicare Tax 30.16$ 30.16$ 30.16$ 30.16$ 30.16$ 30.16$ 90.48$ 30.16$ 30.16$ 30.16$ 30.16$ 90.48$ 482.56$
Benefits 41.60$ 41.60$ 41.60$ 41.60$ 41.60$ 41.60$ 124.80$ 41.60$ 41.60$ 41.60$ 41.60$ 124.80$ 665.60$
Health insurance 20.80$ 20.80$ 20.80$ 20.80$ 20.80$ 20.80$ 62.40$ 20.80$ 20.80$ 20.80$ 20.80$ 62.40$ 332.80$
Net Pay 3,730.48$ 3,730.48$ 3,730.48$ 3,730.48$ 3,730.48$ 3,730.48$ 4,951.44$ 3,730.48$ 3,730.48$ 3,730.48$ 3,730.48$ 4,951.44$ 60,952.32$
Expenses
Utilities 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 2,400.00$
Rent 600.00$ 600.00$ 600.00$ 600.00$ 600.00$ 600.00$ 600.00$ 600.00$ 600.00$ 600.00$ 600.00$ 600.00$ 7,200.00$
Car Loan* 272.88$ 272.88$ 272.88$ 272.88$ 272.88$ 272.88$ 272.88$ 272.88$ 272.88$ 272.88$ 272.88$ 272.88$ 3,274.51$
Car insurance 150.00$ 150.00$ 150.00$ 150.00$ 150.00$ 150.00$ 150.00$ 150.00$ 150.00$ 150.00$ 150.00$ 150.00$ 1,800.00$
Gas 300.00$ 300.00$ 300.00$ 300.00$ 300.00$ 300.00$ 300.00$ 300.00$ 300.00$ 300.00$ 300.00$ 300.00$ 3,600.00$
Groceries 120.00$ 120.00$ 120.00$ 120.00$ 120.00$ 120.00$ 120.00$ 120.00$ 120.00$ 120.00$ 120.00$ 120.00$ 1,440.00$
Phone 60.00$ 60.00$ 60.00$ 60.00$ 60.00$ 60.00$ 60.00$ 60.00$ 60.00$ 60.00$ 60.00$ 60.00$ 720.00$
Savings* 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 200.00$ 2,400.00$
Total Expenses 1,902.88$ 1,902.88$ 1,902.88$ 1,902.88$ 1,902.88$ 1,902.88$ 1,902.88$ 1,902.88$ 1,902.88$ 1,902.88$ 1,902.88$ 1,902.88$ 22,834.51$
Net Monthly Change 1,827.60$ 1,827.60$ 1,827.60$ 1,827.60$ 1,827.60$ 1,827.60$ 3,048.56$ 1,827.60$ 1,827.60$ 1,827.60$ 1,827.60$ 3,048.56$ 38,117.81$
Cumulative Savings/(Overspend) 1,827.60$ 3,655.21$ 5,482.81$ 7,310.42$ 9,138.02$ ######### ######### ######### ######### ######### ######### ######### 62,490.97$

2. Expenses
Gilberto Pena
Date created: 31/07/19
8/18/19
Utilities $200
Rent $600 Car Loan 15,000$
Car Loan* $273 Interest Rate 3.50%
Car insurance $150 Years 5
Gas $300 Months 60
Groceries $120 Payment $272.88
Phone $60
Savings* $200
Monthly $200
Interest Rate 1.50%
Years 5
Months 60
Already Have $0
Future. Value $12,453.39
Savings Plan
Car Payment
List of Expenses

3. Income
Gilberto Pena
Date Created: 31/07/19
8/18/19
Hourly Salary $26
# of Hours $40
2 week pay 2,080$
Annual Salary 54,080$
Income Tax Withholding 10.00% 208.00$
Social Security Tax 6.20% 128.96$
Medicare Tax 1.45% 30.16$
Benefits 2.00% 41.60$
Health insurance 1.00% 20.80$
Income
Deductions