Career Quest Sample Budget

Sample Budget

Gross Salary - $24,300.00 Annual Tithe - $2,400.00 Annual Tax - $6,300.00

Net Spendable: Annual Amount - $15,570.00 Monthly Amount - $1,297.50

Housing - 29%           5,916.60           493.05
 Food -       11%            2,179.80            181.65

Auto -       13%            2,179.80            181.65

Insurance - 5%              778.50             64.88

Debt -          5%              778.50             64.88

Ent/Rec -   8%              622.80             51.90

Clothing -  7%               778.50              64.88

Savings -    5%              778.50              64.88

Med/Dental - 4%        778.50              64.88

Other -       8%             778.50              64.88

School/
Childcare - 5%         1,245.60             103.80

Investments - 0%           0.00                 0.00

This is a sample budget similar to the budget calculator on the Crown Ministries web site, www.crown.org. You may log on and use that calculator to determine a base budget and then print it for later use.

You will have to make some adjustments to customize your budget. For instance, if your daycare expenses were $280.00 per month, then you would have to increase the School/Childcare amount by $176.20. This amount would have to come out of another category or bits out of several categories.

You may also have existing car payments and loan or credit card payments that must be figured in and will change the above amounts. The total percentages can never equal more than 100%. If your current obligations exceed what you are currently making, then you are living above your means. You must decrease your expenditures or increase your income. You will quickly see just how much you need to earn each month in order to take care of all the financial needs in your life.
Once you have a monthly or yearly figure, stick to it. Determine what type of employment you will need to meet those financial needs. You may need to break the amount down into an hourly rate if your employment is paid in that manner. Whether it is hourly or salaried, make a budget and stick to it. Believe that God will meet all your needs according to His riches in glory.
God desires to and will meet all your needs. So, determine what those needs are and believe that He will meet them.

Nancy Jackson, daydreamer extraordinaire


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