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A monthly budget must include:

  • Taxes
  • Housing ; rent - anywhere from $400.00 in smaller towns to over $2,000.00 in large cities
  • Utilities - depends on usage, cost, and which utilities you pay but can be anywhere from $300.00 for gas, electric, water ... to a few thousand dollars for the same three
  • Food - varies but if you're really, really careful maybe $80-100 per week... or more... per person
  • Cable TV - Basic or Expanded Basic (NO premium channels or extra movies) - anywhere from $120.00 to over $200.00 per mo.
  • Car Payment
  • Car Insurance
  • Gas for Car
  • Tolls and Parking
  • Renter's or Home owners' insurance (starts about $120/year)
  • Eating out
  • Clothing
  • SAVINGS - you should always "pay yourself first"
  • Misc.
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13y ago

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