Assume you have a job making $18.75 per hour you work 40 hours each week
GROSS Monthly income: Hint (18.75 x 40 x 52) divided by 12 (52 weeks in a year, 12 months in year).

First things first, you gotta pay "Uncle Sam"
Subtract 20% of your GROSS income...TAXES.
Remember this is called NET INCOME; your income after income tax has been subtracted.
Calculate the budget amount for each of the categories below using NET INCOME.

Housing (mortgage/rent, Real estate taxes)
24%
$
Utilities (water, power, garbage collection,
8%
$
Food
14%
$
Clothing
4%
$
Medical/Healthcare
6%
$
Donations/Gifts to Charity
4%
$
Savings and Insurance
9%
$
Entertainment and Recreation
5%
$
Transportation (car payments, gas, service)
14%
$
Personal/Debt Payments/Misc
12%
$