Fill - Free fillable TakeaChanceTracking TotalPointsEarned Name TotalPointsPossible Date Percentage Class Part1:MyIncome (Mr. Breitsprecher's Business Ed Home Page) PDF form

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2.4.1.A2

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©TakeChargeToday–August2013–ChoosetoSave

FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona



TakeaChanceTracking



TotalPointsEarned



Name



TotalPointsPossible



Date



Percentage



Class



Part1:MyIncome

Congratulations,itspayday!Youworkfull‐timeatIndulgenceBakeryearning$10.25perhourandworking40

hoursperweek.Youarepaidmonthlywithdirectdepositintoyourdepositoryinstitutionaccount.Useyour

paycheckstubtoenteryourgrossincomeanddeductionson yourincomeandexpensestatement. 



EmployeeInformation PayDate:

6/11/2013

Name IdentificationNumber Address PayRate PayPeriod

YourName 00112233 YourAddress $10.25 5/1–5/31/2013

Summary

 GrossIncome TotalPersonalDeductions NetIncome

Current $1,640.00 $473.81 $1,166.19

YTD

(year

todate)



$8,200.00 $2,369.05 $5,830.95

Earnings

Type Rate Hours Current YTD

Regular $10.25 160 $1,640.00 $8,200.00

Deductions

Type PersonalDeduction EmployerContribution

Federalincometax $181.35 0

Stateincometax  $29.00 0

SocialSecurity $101.68 $101.68

Medicare $23.78 $23.78

Retirementplan $50.00 $50.00

Healthinsurance $88.00 $325.00

Workers’compensation 0 $11.80

Unemploymentinsurance 0 $4.26

Page|16

2.4.1.A2

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©TakeChargeToday–August2013–ChoosetoSave

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Part2:MySpending

1. Youusedanapplicationonyourphonetocreateanelectroniclistofallexpenses.Identifythecategory

eachexpensewouldbeintheincomeandexpensestatement.

2. Usethisinformationtoupdateyouractualspendingcolumnonyourincome andexpensesta tement. 

3. Onceyouhaveenteredalloftheincomeandexpens es, calculatetheexpensetotalandnetgainorloss.

4. Calculatethedifferenceforeachcat egoryinthedifferencecolu mnonyourincomeandexpense

statement.



Company Amount IncomeandExpense

StatementCategory

WhereILive $325.00

TownandCountyGrocer $25.30

KeeptheLightsOnUtilityCompany $48.20

QuickStopFuel $48.90

EdwardsPizzeria $13.50

ProSportingEvents $52.00

LovetoDriveAutoSales $160.00

KeepingYourCarInsured $42.00

JJ’sTrendyClothing $48.00

TownandCountryGrocer $84.60

TalkallNightCommunications $70.00

SavingsAccount $40.00

QuickStopFuel $52.70

TheAll‐InclusiveConvenienceStore $17.38

TownandCountyGrocer $32.00

TheMongolianBBQ $23.50

HeartsandHomesCharityDonation $50.00



ReflectonyourMayIncomeandExpenseStatement:

5. Howmuch,ifany,moneydidyouhaveleftattheend?Whatwouldyouusethatmoneyfor?



6. Youhaverealizedthatyouwanttostartsavinganadditional$45eachmonthforanewtablet.Whatare



atleasttwowaysyouwouldadjustyourcurrentspendingtofreeupthe$45?Whatarethetradeoffsto

eachspendingadjustment?





Page|17

2.4.1.A2

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©TakeChargeToday–August2013–ChoosetoSave



IncomeandExpenseStatementfor: You!

TimePeriod: May1‐31



 SpendingPlan

ActualAmount

Spent

Difference

Income 

EarnedIncome   

 Wagesorsalarybeforedeductions $1640.00 

 Commissions/tips/bonuses

UnearnedIncome  



Moneyfromsavingsandinvestmentstohelppay

expensesduringthistimeperiod



 Scholarshipsfromnon‐governmentsources

TotalIncome $1640.00 

Expenses 

DeductionsOftenTakenfromPaychecks   

 FederalandStateIncometax $210.35 

 SocialSecurity $101.68 

 Medicare $23.78 

SavingandInvesting(PayYourselfFirst)  

 Contributiontoemergencysavings $40.00 

 Contributiontosavingsforafinancialgoal $0.00 

 Retirement $50.00 

InsurancePremiums  

 Healthinsurance $88.00 

 Automobileinsurance  $42.00 

 Lifeinsurance $0.00 

HousingCosts  

 Housingpayment(rentormortgage) $325.00 

 Utilities(gas,electricity,water,garbage) $50.00 

TransportationCosts  

 Carpayment $160.00 

 Fuel(gasoline/diesel) $110.00 

 Automobilerepairsandmaintenance $30.00 

FoodCosts  

 Foodatthegrocerystore $135.00 

 Mealsatrestaurants $54.19 

 Other: $0.00 

CommunicationandComputers  

 Cellphone $70.00 

MedicalCostsNotCoveredbyInsurance  

 Medicalcareandmedications $0.00 

ClothingandPersonalCare  

 Clothing $50.00 



Personalcare(shampoo,haircuts,cosmetics,

laundry,etc.) $25.00



EducationalExpenses  

 Tuitionforprivateschoolorhighereducation $0.00 

Entertainment  

 Movies,books,toys,andotherentertainment $75.00 

CreditCosts   

 Creditcardpayment $0.00 

Giving  

 Donations $0.00 

TotalExpenses $1640.00 

NetGainorNetLoss(IncomelessExpenses) $0 



Page|18

2.4.1.A2



Part3:TakeaChance

7. Often,unexpectedexpensesandsituationsmayarise.Drawa“TakeaChanceCard”andrecordyour

eventhere:



Part4:Reflection

8. Baseduponyourcurrentspendingforthemonth,howwillyoupayforthisexpense?



9. Ifyoudidnothave

savings,howwouldyouhavepaidforthisexpense?



10. Wastheunanticipatedexpenseaneedorwant?Whatalternativescouldyouchoosetoavoidspending 

moneyontheexpense?



11. Whyisitimportanttopayyourselffirstwhencreati ngaspendingplan?



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