Budget Worksheet Template
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1
2BUDGET WORKSHEET
My chosen career: _____________________________________________
Starting salary: ________________________________________________
Degree(s) and/or training required: ________________________________________________________
________________________________________________________________________________________
Where I researched the information:
_________________________________________________________________________________________
_________________________________________________________________________________________
MONTHLY
YEARLY
Notes
(gross pay)
SALARY
Payroll Deductions (what’s being taken from your paycheck)
Federal tax
See tax table
VA State tax
5.75%
FICA
7.6% if you are
(Medicare/Social
employed by a
Security)
company; 15.3%
if you’re self-
employed
TOTAL
(what’s being
DEDUCTIONS
taken—total)
TAKE HOME PAY
(net pay)
MONTHLY
YEARLY
Fixed Expenses
Rent
Utilities
$125
(water, electric, gas)
Medical care
$250
Car payment
$250
Student Loan
$90
Cell phone
TOTAL FIXED
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Parent category: Financial