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Creating My Lifestyle Budget
Career Portals
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Copyright
Copyright © Texas Education Agency, 2013. These Materials are copyrighted © and trademarked ™ as the property of the
Texas Education Agency (TEA) and may not be reproduced without the express written permission of TEA, except under the
following conditions:
1) Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the
Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from TEA.
2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual
personal use only, without obtaining written permission of TEA.
3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way.
4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable
charge to cover only the cost of reproduction and distribution may be charged.
Private entities or persons located in Texas that are not Texas public school districts, Texas Education Service Centers, or Texas
charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas
MUST obtain written approval from TEA and will be required to enter into a license agreement that may involve the payment of
a licensing fee or a royalty.
For information contact: Office of Copyrights, Trademarks, License Agreements, and Royalties, Texas Education Agency, 1701 N.
Congress Ave., Austin, TX 78701-1494; phone 512-463-7004; email: [email protected].
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Budget
A plan for spending money
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Create a Personal Budget Based on Your Selected Lifestyle
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In this lesson you will:
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Components of a Budget
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Savings
Why save?
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Why Save?
Emergencies
Specific goals (vacation, tuition)
Retirement
????
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Mortgage/rent
What is the difference between a mortgage payment and a rent payment?
What is a down payment?
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Utilities:
• Electricity
• Water
• Cable
• Phone Service
• Internet Service
• Can you think of others?
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Transportation:
• Bus pass
• Car payment
• Car insurance
• Gasoline
• Car maintenance
• Yearly registration
• Inspection Sticker
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Child Care Expenses
• Formula
• Diapers and Clothing
• Medical expenses
• Day Care fees
• Private vs. Public education
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Medical/Insurance Expenses
• Prescriptions
• Medical/Dental Expenses
• Medical/Dental Insurance (often provided by employers)
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Groceries/Household Needs
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Clothing/Personal Products
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Entertainment
• Movies
• Concert tickets
• Dining Out
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Other Categories
• Child support
• Student Loans
• Pets
• Gym membership
• Charity/Donations
• Can you think of others?
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YOUR TURN
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Resource and References
Images: Microsoft Office Clip Art: Used with permission from Microsoft.
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