My Future Self Budget Project

This project will be completed accurately in order to receive a pass for the
Consumer Education Graduation Requirement
Name:_______________________________________________________ Date:__________________
Period:______________________
Objectives: 1. Learn how to budget. 2. Anticipate your lifestyle 5-10 years from
now by choosing a career and budgeting based on that income
Side 2 of this rubric will be the first page of your budget project portfolio. The portfolio
must include the following items in this order:
1. This Project Guidelines/Rubric filled out
2. A monthly budget chart that includes all of the following categories
a. Please check off each category when you have added it to your budget and
found the proof you will submit.
3. The proof in the same order
4. Your budget project reflection
Complet
Category
Evidence
ed
Rent/mortgage
Find an Apartment or house in the classifieds or
online
Taxes
20% of your income= .20 X Income
Health Insurance
Does it come with your job? (Assume it is $100
a month of your salary.) Do you buy it on your
own? (Find a company; use an ad)
Student Loans
Bachelors 10% of salary= .10X Salary/Income
Utilities- Gas and
Get bills from parents family
Electric
Food- Multiply by 4
Prepare a weeks grocery list (Use a grocery
to put in your budget receipt or cut outs from the paper)
Cell Phone and/or
Use a bill or an advertisement
landline
Internet and/or cable Use a bill or an advertisement
Transportation-car or Public Transportation= Monthly CTA pass;
public
Car= an ad for the car and your monthly
transportation?
payment
________________ Insurance (bill, ad, online
quote) and
________________Gas (teacher or parent
signature)
Personal Grooming
Hair/ Nails laundry honest estimate
Clothes/ Shoes
Magazine ad/ collage of how you will dress
professionally
Presents/ Donations
Honest estimate
Entertainment
Description of what you will do for fun
estimated costs- movies, dinner, etc
Emergencies
Home/car repairs; illness; etc honest estimate
Savings
Where will you save? Name bank or investment
and how much interest you plan on earning?

My Future Self Budget Chart

Name:______________________________________________________Date:______________________P
eriod:____________________
When someone budgets their money wisely, their expenses are less than their
income. You may not spend money you do not have.
My monthly income= ________________________________
Total
Expense

Category

Evidence

Rent/mortgage

Find an Apartment or house in the classifieds

or online
20% of your income= .20 X Income
Does it come with your job? (Assume it is
$100 a month of your salary.) Do you buy it
on your own? (Find a company; use an ad)
Bachelors 10% of salary= .10X
Salary/Income
Get bills from parents family

Taxes
Health
Insurance
Student Loans
Utilities- Gas
and Electric
Food- Multiply
by 4 to put in
your budget
Cell Phone
and/or landline
Internet and/or
cable
Transportationcar or public
transportation?

Personal
Grooming
Clothes/ Shoes
Presents/
Donations
Entertainment

Prepare a weeks grocery list (Use a grocery

receipt or cut outs from the paper)
Use a bill or an advertisement
Use a bill or an advertisement
Public Transportation= Monthly CTA pass;
Car= an ad for the car and your monthly
payment
________________ Insurance (bill, ad, online
quote) and
________________Gas (teacher or parent
signature)
Hair/ Nails laundry honest estimate
Magazine ad/ collage of how you will dress
professionally
Honest estimate
Description of what you will do for fun
estimated costs- movies, dinner, etc

Fixed?
Variable?

Emergencies
Savings

Home/car repairs; illness; etc honest

estimate
Where will you save? Name bank or
investment and how much interest you plan
on earning?

Total Expenses:______________________________
Your budget is done when this equation works ________________ ___________________=0
Income
expenses

Weekly Menu
Step1. Fill in what you will eat for each meal.
Breakfast
Sunday

Monday

Tuesday

Wednesday

Thursday

Friday

Lunch

Dinner

Saturday

Step 2. Create a grocery list based off your menu, also, Consider snacks &
health/beauty items.

Step 3. Now use the news paper or ads to determine cost. Cut out the items
you will buy and submit them as evidence

Grading Rubric for the budget project

This rubric is the first page of my
portfolio and is accurately filled in
The second page is my budget chart,
which includes all of the required
categories. All of the numbers are
based on monthly expenses.
The portfolio includes all the required
evidence. There is a 3-point reduction
for each piece of missing evidence.
The groceries and clothes are worth 5
each
The portfolio is organized and neat.
The evidence follows the same order
as the budget sheet
The final page of the portfolio is my
budget reflection. The reflection does
the following:
It summarizes what you learned
from the project in 2-3

5
2
0

4
0

1
0

1
0

paragraphs: What surprised you

about budgeting? What was scary
about budgeting? What was
exciting?
It is well written and show effort
and reflection
I used ALL class time appropriately. I
contributed to a working environment
by working quietly, independently,
and efficiently. I did not waste
computer time.
Total

1
0

100

* This project is due June 3rd at the beginning of

class- NO EXCEPTIONS. If you are absent have
someone bring it to school. Emergencies must be
phoned in to the office.