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Meet the Smith Family

Why should the Smith family budget?

  • Financial confidence
  • Self-Control
  • Healthy Marriage
  • Reduces Stress
  • Prevents Impulse Buying

Mrs. Jada Smith:

Dental Hygienist

$68,000 gross pay income

($45,000 after taxes)

Mr. William Smith

Stay At Home Dad (Unemployed)

Willow Smith: 6 years old

Jaden Smith: 9 years old

Plan for the Future...

Total Family Income: $45,000

Total Monthly Income: $3,750

Total Monthly Expenses: $3,725

Surplus of $25

Jaden and Willow will attend college on full scholarship and the money Mr. and Mrs. Smith saved will be used for wants

Condo in Ocean Hill

258 Macdougal #3L

  • 5 rooms
  • 3 beds
  • 1 bath

Source: StreatEasy.com

Optimum: Triple Play

Metro PCS

Source: WhistleOut.com

Willow and Jaden will get a job when they reach the age of 14 to help out their parents

1999 Nissan Maxima

Cost: $2,548

$51 a month

Source: KelleyBlueBook.com

The Smiths will save money for Willow and Jaden to attend college

Mrs. Smith will receive a raise from her boss to increase the family's income

Mr. Smith will become employed in order to increase the family's income

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