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My Budget Project

Published on Nov 18, 2015

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PRESENTATION OUTLINE

MY BUDGET PROJECT

BY ALYSSA FELTES
Photo by kenteegardin

NAVY BAND SALARY

  • Yearly salary- $28,569.60
  • Monthly salary- $2,380.80
  • Hourly wage- Salaried
Photo by Dorron

TAXES&NET PAY

  • Income tax rate-13.41%
  • Yearly income tax-$3,831.60
  • Monthly income tax-$319.30
  • Yearly Net pay-$24,737.40
  • Monthly Net pay-$2,061.50

COLLEGE&HOME

  • My career does not require a college degree
  • The Navy pays for me to go to college
  • I get free housing if I live on base, usually 3 bedroom 2 bath
  • I also get free home insurance
Photo by Beraldo Leal

CAR

  • Cost of car- $18,550
  • Make-Honda, Model-Fit
  • Interest rate for 5 years-3%
  • One month of gasoline-$60
  • Monthly payment-$478.44
  • Monthly car insurance-$100
Photo by order_242

OTHER EXPENSES

  • Utilities-$70
  • Cell phone bill-$80
  • Emergency fund-$100
  • Clothing-$100
  • Food $0(I get a food allowance )
Photo by pfv.

EARNINGS&EXPENSES

  • Total monthly earnings-$2,380.80
  • Total monthly expenses-$997.44
  • Amount savings or owed- 16,600.32

MORE MONEY

  • Assists-$100
  • Liabilities-$11,969.28
  • Net worth- 17,000.32