When you are not used to paying for your expenses, any amount of money seems adequate. You are to create a monthly budget to predict expenses; you can then determine if the salary for your job is adequate. For some of these expenses you may have to ask your parents for information. Some of the expenses may be covered by your employer. As a teacher, I don't have to pay for health care, vision, or dental; the school district pays. Remember that some costs will depend on the quality. For example, the payment on a BMW would be more than a Honda. Choose wisely. Include in your budget the following:
|Expenditure||Cost for one month|
|Utilities (water, electricity, gas)|
|Health car (doctor visits, prescriptions)|
|Vision car (doctor visits, contacts)|
|Entertainment (shopping, movies, etc.)|
|Miscellaneous (cell phone, etc.)|
Multiply your monthly total by 12 to see your expenses for the year. On the bottom of your budget answer these questions. How do the yearly expenses compare to the salary of your job? Would your salary provide enough money to cover your expenses?