Budgetinglor Life After HighSchoolCHAPTER 2, LESSON 6NAME(S)DATE15 Sep 2023Andrea BujandaDIRECTIONSUse the budget forms i n this activity t o create a zero-based budget for each of these three scenarios.Scenario OneLisais a third-year college student living alone in an apartment. She works 2 0 hours a weekata local bank, making $10 per hour. Usa hasa savings account that shebuilt u p during highschool and by working full-time summer jobs. During the school year, she withdraws $350per month to help cover her living expenses. Lisa s college tuition and books are coveredb y her scholarships. Her parents help b y providing an additional $500 a month and alsoprovide her health insurance. Lisa's fixed monthly expenses are:1Rent:$600• Insurance (renter Sand identity theft):$25• Car insurance:$110• Utilities:$60• Cell phone:$60• Streaming services:$40* Lisds budget should include giving and saving. It could also include spending categorieslike the following; food, gas, entertainment and personal.1Gross monthly income from part-time job:8002.Net monthly income from part-time job:Deduct 20% of the income for payroll taxes (gross income x . 8 0 = net income)640□F O U N D A T I O N S I N PERSONAL FINANCEPAGE 1 OF 3Preview Mode
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