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Unit 4 : Lesson
2: Planning for monthly expenses in your new home
Writing 
If you want to buy a house in the future,
start saving today. Make a budget.
1. List your monthly income.
2. List your monthly expenses.
3. Subtract your monthly expenses from
your monthly income to see how much money remains.
4. Decide how much of that amount you
can put into a savings account.
Since this is very personal information,
you may want to plan your household budget at home.
A Household Budget
| Monthly Expenses |
Average Monthly Payment |
| Rent |
$____________________________ |
| Utilities |
$____________________________ |
| Food |
$____________________________ |
| Clothing |
$____________________________ |
| Telephone |
$____________________________ |
| Transportation |
$____________________________ |
| Entertainment |
$____________________________ |
| Other |
|
| _________________________ |
$____________________________ |
| _________________________ |
$____________________________ |
| _________________________ |
$____________________________ |
| Total monthly expenses |
$____________________________ |
Total monthly income
– total
monthly expenses = |
$____________________________ |
| Monthly savings |
$____________________________ |
How much will you save in 1 year? In 5
years? In 10 years?
How much interest can you get on your
savings?
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