Directions:
Click worksheet
to print a copy of the worksheet in PDF format. Then fill in all
the blank spaces for questions 112 on your worksheet. After you
have completed questions 112, go on to lesson
4, or go back to the homepage.

1. 

Utilities:



Help
Utilities:
First of all you must determine which utility bills you will need
to pay, estimate your monthly and yearly average, and write the
Total Yearly Utility Cost in the space provided below. The cost
for utilities may vary by area of the country. If you live in
the south, your electric bills will be higher from running an
air conditioner. If you live in the north, you will have higher
heat bills. The following is a list of the average cost of utilities
for the northern part of the country. Use this as a guide to help
you determine your costs. If you are going to live in the south,
add more for electric and less for gas.
 Average
Gas Bill: $70 Monthly
 Average
Electric Bill: $35 Monthly
 Water/Sewage:
$40 Monthly





Monthly 

x 12
= Yearly 
Gas 
$ 

$ 



Monthly 

x 12
= Yearly 
Electricity 
$ 

$ 



Monthly 

x 12
= Yearly 
Water/Sewage 
$ 

$ 



Total
Monthly 

x 12
= Yearly 
Total
Yearly Utility Cost 
$ 

$ 


2. 

Food
Cost: 


Help
Food Cost:
Visit the USDA
Food Plans Website. Click on the most recent month on the chart.
Use the chart to determine your weekly and yearly grocery bill and
write your Total Yearly Food Cost in the space provided below. Keep
in mind these figures are only for groceries to eat at home and
doesn't include snacks from vending machines or eating out in restaurants.





Weekly 

x 52
= Yearly 
Total
Yearly Food Cost 
$ 

$ 



3. 

Miscellaneous
NonFood Items and Toiletries: 


HelpMiscellaneous
NonFood Items and Toiletries: Miscellaneous
NonFood Items and Toiletries items include such things as Kleenex,
toilet paper, paper towels, dish soap, laundry soap, bleach, fabric
softener, bar soap, shampoo, conditioner, toothpaste, mouthwash,
cosmetics, cologne, perfume, aspirin, vitamins, vacuum cleaner bags,
etc. If you are on a budget plan and want to get by as cheaply as
possible, you should figure $20.00 per month or $240.00 per year.
If you have expensive tastes or buy several different vitamins on
a regular basis, you might want to go as high as $50.00 a month
or $600.00 per year. You decide on the amount that will fit your
budget and
write the total Monthly and Yearly Cost of Miscellaneous NonFood
Items and Toiletries in the space provided above.



Total
Miscellaneous NonFood Items and Toiletries Yearly Cost




4. 

Clothing:
HelpClothing:
Decide
how many of each clothing item you want to purchase for a year
supply and multiply (x) that number by the cost for each item.
This will give you a total cost for each clothing apparel item.
Add all your totals together to determine a total
yearly cost of clothing.
Please consider the quality of clothing you are buying. It is
ok to buy used clothing from a thrift store or nice clothes from
a fine department store. This is your budget and you need to determine
what is affordable for you. You can visit the department store
links below to get an idea of the cost of each item. Hint:
(it is ok to leave some spaces blank if this is something you
do not need). 




Yearly
Cost




Sweater
(men's or women's) 



Sweat
Shirt (men's or women's) 



Casual
Slacks (men's or women's) 



Blue
Jeans (men's or women's) 









TShirts
(men's  new only) 



Underwear
(men's or women's  new only) 



Women's
Undergarments (Bra  new only) 



Handkerchief
(men's or women's  new only) 












Dress
Shirt (men's or Women's) 






Pajamas/Nightgown
(men's or women's) 



Bath
Robe (men's or women's) 



Slippers
(men's or women's) 



Athletic
Apparel (men's or women's) 









Athletic
Shoes (men's or women's) 



Winter
Coat (men's or women's) 






Gloves
or Mittens (men's or women's) 

How
Many

x

Cost
for each

=



Total
Yearly Cost for Clothing 

Total Yearly Cost



5.


Entertainment:
make a decision about all your entertainment choices, and write
your total monthly cost for each option in the space provided
on the right. Then add all monthly cost together to determine
the total monthly cost for entertainment. 

Movies
(Theatre or Rental): 

HelpMovies:
Admission
to most movies is around $9.00 per person or possibly more in
some areas. By the time you buy refreshments, you can expect
it to cost around $15.00  $20.00 per person. The cost listed
below reflects averages. 



Monthly
Cost

x
12 = Yearly












Movie
Rentals 
(new releases) 





Movie
Rentals 
(older movies) 





Total
Yearly Cost of Movie Tickets or Movie Rentals 



Vending
Machines: 

HelpVending
Machines:
Determine how often you buy a candy bar or beverage from a vending
machine. In larger cities, pop, water, or juice from a machine
can cost as much as $3.00 or may be as high as $4.00. The cost
for each item listed below reflects the average cost across
North Dakota. 

Beverages
(water/soda/juice) 



x
12 = Yearly


Snacks
(candy bar/chips/cookies 





Total
Yearly Cost of Purchases from Vending Machines 



Restaurants: 

HelpRestaurants:
There
is a wide range of cost when it comes to restaurants. Fast food
will usually cost around $6.00 per person. If you go to a coffee
shop, you can expect to pay $7.00$9.00 per person plus tip.
Upscale Fine Dining Restaurants vary, but the average is around
$45.00+ per person plus tip. Please note that in upscale restaurants
everything is alacart (this means that you pay extra for your
salad, extra for potato, etc.). The cost per visit amount listed
below reflects average cost per visit per person including a
tip for the server where applicable. 




x
12 = Yearly





x
12 = Yearly





x
12 = Yearly


Specialty
Theme Restaurants 



x
12 = Yearly







Total
Yearly Cost of Dining Out 



Concerts/
Sporting Event Tickets: 

HelpConcerts:
Try
Ticketmaster.com
to find tickets for concerts, sporting events, theater, etc. The
cost per each ticket amount listed below reflects the average
cost per visit per person. These dollar amounts were generated
from Ticketmaster.com.


Concerts
(Broadway Play/ Musical) 



x
12 = Yearly


Concerts
(Ballet & Dance) 



x
12 = Yearly





x
12 = Yearly


Sporting
Events (NFL Tickets) 



x
12 = Yearly


Sporting
Events (NBA Tickets) 



x
12 = Yearly


Sporting
Events (Pro or semi pro) 



x
12 = Yearly


Sporting
Events (College Sports) 



x
12 = Yearly


Sporting
Events (High School) 



x
12 = Yearly





x
12 = Yearly


Total
Yearly Cost of Concerts or Sporting Event Tickets 



Telephone
(land line): 

HelpTelephone
(land line): If
you are in Minot, ND, visit the SRT
web page to pick out a phone plan that fits your needs. If you
are in another community, visit the web page for your local phone
company or call them for a price quote. 

Total
Yearly Telephone Cost 




Cell
Phone: 

HelpCell
Phones: The
cost for your cell phone varies depending on your plan. Visit
one of the following links to choose a cell phone plan: Souris
River Telephone, AT&T,
Straight Talk from WalMart, Verizonwireless,
or Sprint.
Determine the monthly cost, multiply by 12 and write the Total
Yearly Cost of the plan in the space provided below. If you
know what you are currently paying for your cell phone plan
and you are satisfied with the plan, you may write that amount
in the space provided below. 

Total
Yearly Cell Phone Cost 




Cable
or Satellite TV: 

HelpCable
TV:
The cost for basic and expanded cable TV varies depending on your
plan. Visit one of the following links to choose your Cable or
Satellite TV plan. Determine the monthly cost, multiply by 12
and write the Total Yearly Cost of the plan in the space provided
below: Midcontinent
Communications, Dish, or Direct
TV.


Total
Yearly Cable or Satellite TV Cost 




Total
Yearly Internet Service Cost 




Vacation
Plan: 

HelpVacation:
Visit
Expedia.com
to plan your next destination. Then figure out how much you
need to save each month for your dream
vacation, multiply by 12 and write the Total Yearly Vacation
Savings Cost in the space provided below.


Total
Yearly Vacation Plan Savings Cost 




Health
Club Membership: 

HelpHealth
Club Membership: Visit
one of the links below to determine your Health Club Membership
monthly cost, multiply by 12 and write your Total Health Club
Membership Yearly Cost in the space provided below.


Total
Yearly Health Club Membership Cost 




HelpOther:
Determine
any other monthly entertainment cost, multiply by 12 and write
the Total Yearly Cost in the space provided below. 

Total
Yearly Other Entertainment Cost 




HelpOther:
Determine
any other monthly entertainment cost, multiply by 12 and write the
Total Yearly Cost in the space provided below. 

Total
Yearly Other Entertainment Cost 



Total
Yearly Cost for Entertainment
Add
the total yearly cost from each section above to determine
the total yearly cost of Entertainment.


Total
Yearly Cost of Movie Tickets or Movie Rentals 



Total
Yearly Cost of Purchases from Vending Machines 



Total
Yearly Cost of Dining Out 



Total
Yearly Cost of Concerts or Sporting Event Tickets 



Total
Yearly Telephone Cost 



Total
Yearly Cell Phone Cost 



Total
Yearly Cable or Satellite TV Cost: 



Total
Yearly Internet Service Cost: 



Total
Yearly Vacation Plan Savings Cost: 



Total
Yearly Health Club Membership Cost 



Total
Yearly Other Entertainment Cost 



Total
Yearly Other Entertainment Cost: 







Total
Yearly Cost for Entertainment 


6. 

Hair
Maintenance:



HelpHair
Maintenance: The
cost of a haircut varies depending on where you go. Barbers
might charge as little as $10,00 for cut where master cutters
could charge $40.00 or more. The price of Perms and color
varies as much as cuts. For this exercise it is best to figure
your monthly and yearly cost according to the hair maintenance
services you require and the cost that you currently pay for
these services.
Please
determine your monthly average cost for hair maintenance,
and multiply by 12 and write your Total Yearly Hair Maintenance
Cost in the space provided below.



Total
Yearly Hair Maintenance Cost 



7. 

Health
Insurance:



HelpHealth
Insurance: Sometimes
Health Insurance is a benefit at work but most employers
do not pay 100% of the cost of a Health Insurance Plan.
If you receive this as a benefit, then list the dollar amount
that you pay each month for your share of the cost. If
you don't have Health Insurance, visit eHealthInsurance.com,
to receive your free Health Insurance Quote and write the
cost of your monthly premium in the space provided below.
Then multiply your monthly cost by 12 and write your Total
Yearly Health Insurance Cost in the space provided below.
PLEASE
NOTE: Never give out your Social Security Number for
a price quote, if you are asked for this, either leave it blank,
make up a number, or call your local insurance agent for a quote.
Use
the Zip
Code Finder to find the zip code you want to
use.



Total
Yearly Health Insurance Cost 



8. 

Retirement
Savings Plan: 


HelpRetirement
Savings Plan: Visit
Bankrate.com
Retirement Calculators to determine how much money you
need to save each month in order to have enough money for
your retirement. It is also a good idea to save a little
extra at home for emergencies, for example  the car breaking
down, or a sudden unexpected bill. Determine your savings
plan and write the Total Yearly Retirement Savings Plan
Cost in the space provided below.
Retirement
Savings Plan Examples:
Retirement
Savings Plan # 1
Initial
Amount or beginning Savings: $0
Monthly
Deposit: $100.00
Annual Interest Compounded Monthly: 3.5
Number of Years: 40
Final Savings Balance after 40 years: $104,466.69
Retirement
Savings Plan # 2
Initial
Amount or beginning Savings: $0
Monthly
Deposit: $200.00
Annual Interest Compounded Monthly: 3.5
Number of Years: 40
Final Savings Balance after 40 years: $208,933.38
Retirement
Savings Plan # 3
Initial
Amount or beginning Savings: $0
Monthly
Deposit: $500.00
Annual Interest Compounded Monthly: 3.5
Number of Years: 40
Final Savings Balance after 40 years: $522,333.44



Total
Yearly Retirement Savings Plan Cost 



9. 

Student
Loan Payments:



HelpStudent
Loan Payments: Students
don't always think about having to pay back student loans
until they have graduated from college and find out how
expensive their payments will be. It is not uncommon for
students to accrue a total debt of $85,000.00 to $100,000.00
or more by the time they finish college. Borrowing $85,000.00
would mean having monthly payments of $978.18 for 10 years
or if you want to stretch it out 15 years, your monthly
payments would be $754.53. To determine your monthly payments
for your future college loans, visit the
Student Loan Calculator. After
you have determined your monthly cost, multiply by 12 and
write your Total Yearly Student Loan Payments Cost in the
space provided below.



Total
Yearly Student Loan Payments Cost 



10. 

Credit
Card Payments:



HelpCredit
Card Payments: The
problem with credit cards is that plastic money can miraculously
"save the
day" when you "NEED" $ but can also lead to undisciplined
spending that can wreck your life through a
quick accumulation of "fat" or high cost debt (this
would be high interest on dollars spent). The experts claim
that if you charge a $2500.00 credit card to the limit and make
just the minimum monthly payment each month, it will take more
than one lifetime to pay off the debt.
Credit
Cards typically have a minimum payment due each month determined
by the total dollar amount of charges on the card. If you have
a credit card, take your current monthly and. multiply by 12
to determine yearly cost. Then write your Totally Yearly Credit
Card Payments Cost in the space provided below. If you don't
have a card, then please educate yourself on financial
literacy or educate
yourself about credit cards first before you apply for a
card.



Total
Yearly Credit Card Payments Cost 





HelpOther:
Determine
any other monthly cost, multiply by 12 and write the Total Yearly
Cost for Other Expenses in the space provided below.



Total
Yearly Cost for Other Expenses 





HelpOther:
Determine
any other monthly cost, multiply by 12 and write the Total Yearly
Cost for Other Expenses in the space provided below.



Total
Yearly Cost for Other Expenses 




Copyright © 2005, Steve Beutler, All rights
reserved. Permission granted to use for educational purposes.
This website is NOT to be used for financial gain.
051716 
