Complete this worksheet for a career of interest based on previous research.
SECTION 1: Average income for a new college grad. 
Resources: Occupational Outlook Handbook, Glassdoor.com or salary.com
SECTION 1:
MINIMUM SALARY
MAXIMUM SALARY
INCOME:
Primary Income 
Misc. Income 
(any side gigs of interest?)
INCOME TOTAL:
Step 1: Using the minimum salary listed above, calculate the possible budget based on percentages listed below.
Step 2: Calculate your expenses based on your own preferences (consider other expenses or different percentages).
SECTION 2:
POSSIBLE BUDGET 
YOUR PREFERRED BUDGET 
EXPENSES:
Rent or Mortgage (30%)
Utilities: gas, water, electric (5%)
Internet/TV and Cell Phone (5%)
Car: insurance, fees, gas and repairs
Transportation (10%)
Insurance (5%)
Groceries & Toiletries (10%)
Entertainment (10%)
Clothing (5%)
Other:
Other:
Misc.
Savings (10%)
Tithe (10%)
Charitable Giving 
EXPENSES SUBTOTAL:
INCOME – (MINUS) EXPENSES =
*After subtracting expenses from income you should have money remaining (positive number) or arrive at 0.
If not, adjust expenses to avoid having a negative balance (which would represent debt instead of income)
PAGE 9 of attached document.