# My budget

by: Andrés Roldan

I am a Doctor and my gross annual income is \$76305 . This photo will show you my monthly income which is \$3426.27 it will also show you my month savings which is \$3426.27.Read the information inside the piggy bank to find how much will be in my savings in 6 months which is \$2055.76.You will find below my monthly savings the yearly savings which is \$4111.52.

I found my monthly savings for 6 months and for a year. By first finding how much money I will have in my savings account in a month which is \$342.62.Then I had to multiple it by 6 to find how much money I would have in my savings after 6 months.Then I would multiple 6 by 2 and get 12 because there are 12 months in a year .Then I would multiply \$2055.76 by 2 and get \$4111.52.And my savings account is not over 10%.

This photo will show you the Apartment that I chose.I chose  the 4th apartment because it was a good amount for me. And my monthly housing budget is \$1199.19 it cost me \$765 per month.

This photo shows you which vehicle I chose.Which would be the motorcycle that costs \$307 and that's the monthly car payment the monthly insurance and monthly gas.I chose this vehicle because I had only 2 choices the Ford Fiesta or the motorcycle so I chose the motorcycle.

And for my groceries list total is \$253.89.

This is my budget. It is balanced, because I do not have any left over money. Here is the amounts for my variable expenses. Which are; phone for \$80, Restaurant is \$170, and  my fun money which is \$320.

Steps

These are the steps that I took to find my balanced budget. First, I chose a job which was to be a Doctor, and after that I found out my yearly gross income which is \$76,305. Then I found my monthly net income which is \$3,426.27. After that I found my monthly savings which would be \$342.62. Next, I figured out how much money I would have in my savings after 6 months, which is \$2,055.76. Then, I doubled that to get my annual savings, which is \$4,111.52. After that I figured out my monthly housing budget which is \$1,199.19, so I chose the 4th apartment that would cost me \$765. Then I had to get groceries, so I made a list and figured out prices for everything I would need and  I added the amounts altogether and got a total cost of  \$253.89 per month. Those are the steps I followed for my financial project.

Conclusion

This project is important because it has shown me what it will be like in the future when I have to do these things on my own.   I will be able to manage my money better than someone who has no practice with finances. I liked this project because it was fun and educational and I cant wait until I get to do another project like this one.