Congratulations!

You are about to start the next chapter in your life. However, there are many things you must

consider before becoming a contributing member of society. This project will illustrate what the

real world demands when it comes to budgeting.

Throughout this project, you will plan out the following:

● Employment

● Living arrangement

● Transportation (car vs. public transportation)

● Services (cell phone, internet, television, etc.)

● Food

● Entertainment

Employment When planning your future it is important to consider your skills set. Also, what job will make

you happy and give yourself a sense of fulfillment. Being realistic, give a brief description of

your job title. Be mindful that you will most likely have an entry level position.

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Salary Breakdown:

Do some research on your career choice and calculate your yearly, monthly and weekly income.

Living Arrangement Getting a place on your own is an exciting time, but there are many factors to consider. Research

different areas (city, suburbs, rural), price ranges (living with friends or independently), and

renting vs. buying options.

Describe your place:

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How much is your monthly living arrangement? ________________________

Did you buy a place? If so, add $400. Monthly total: ___________________________

Time to deduct:

Monthly salary minus monthly rent/mortgage

Transportation Consider different options on how to get from point A to point B and complete different tasks

such as, running errands, getting to work, or enjoying extra activities. Research different options

such as buying a car, leasing a car, taking public transportation, or environmentally friendly

options.

Describe your form of transportation:

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How much is your monthly transportation? ________________________

Did you buy or lease a car?

If so, add on gas expenses. Monthly total: __________________

Also, add on $100 for car insurance. Monthly total: _________________

Time to deduct:

Subtract your transportation expenses from the remainder of your budget.

Bills Bills Bills Independent living is fun until the bills coming rolling in. Consider the different services you are

going to want and will be responsible for such as, cell phone, internet, television. Not to mention

necessary services for basic living like water, electric, and gas. Research different plans and

providers to find the best deals.

What services do you want? (circle all that apply) Included the name of the

provider.

Cell Phone Provider: ____________________

Internet Provider: ____________________

Television Provider: ____________________

Describe the service plan you went with:

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Time to deduct:

Subtract your services expenses from the remainder of your budget.

Nourishment It is time to plan out your meals for the month. You will need 31 days worth of meals including

breakfast, lunch, and dinner. Use the calendar on the next page to map out your meals. The

calendar will help you create your grocery list below.

List all of you items, quantity, and prices below. Then find the total of your shopping trip.

ITEM QUANTITY PRICE

How much is your monthly grocery trip? ________________________

Time to deduct:

Subtract your food expenses from the remainder of your budget.

How much do you have left?

Extra-Curricular Activities Time to have a little fun! However, can you afford it? Some months might be more restrictive

due to unforeseen expenses, while other months you might have saved more. Can you afford

going to a concert, going out for dinner, taking a trip, or seeing a movie?

ACTIVITY COST

TOTAL COST

Time to deduct:

Subtract your entertainment expenses from the remainder of your budget.

YOU DID IT! After planning out and budgeting your new independent life as an adult, were you successful?

How much money do you have remaining? ______________________________

Briefly describe how you feel about budgeting. Why is it important? Why is your job and an

education important? Are you excited to be independent? Share the challenges you faced when

planning out your future.

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Drexel Hill Middle School Math Budgeting Project

Name: __________________________ Date: _______________________

Category 10 8 5 2

Mathematical Concepts

Explanation shows complete understanding of the mathematical concept used to solve problems.

Explanation shows substantial understanding of the mathematical concepts used to solve the problems.

Explanations show some understanding of the mathematical concepts needed to solve the problems.

Explanations show very limited understanding of the underlying concepts needed to solve the problems OR is not written.

Explanation Explanation is detailed and clear.

Explanation is clear.

Explanation is a little difficult to understand, but includes critical components.

Explanation is difficult to understand and is missing several components OR was not included.

Neatness and Organization

The work is presented in a neat, clear, and organized fashion that is easy to read.

The work is presented in a neat and organized fashion that is usually easy to read.

The work is presented in an organized fashion but may be hard to read at times.

The work appears sloppy and unorganized. It is hard to know what information goes together.

Total: __________________ / 30 points