Question

The assignment is to imagine yourself 10 years in the future. I'm basing my salary off the average financial adviser for myself and a school teacher for my wife. (PA). Me $ 76,035 Her $62,260. I need to make a budget.

Personal and Family Expenses

Category	Monthly Budget
	Current	Alternative 1 / Retirement
Alimony	$	$
Bank Charges	$	$
Books/Magazines	$	$
Business Expense	$	$
Care of Parent/Other	$	$
Cash — Miscellaneous	$	$
Cell Phone	$	$
Charitable Donations	$	$
Child Activities	$	$
Child Allowance/Expense	$	$
Child Care	$	$
Child Support	$	$
Child school help	$	$
Clothing — Client	$	$
Clothing — Co-Client	$	$
Clothing — Children	$	$
Club Dues	$	$
Credit Card Debt	$	$
Dining	$	$

Personal and Family Expenses (continued)

Category	Monthly Budget
	Current	Alternative 1 / Retirement
Entertainment	$	$
Gifts	$	$
Groceries	$	$
Health Care - Dental	$	$
Health Care - Medical	$	$
Health Care - Prescription	$	$
Hobbies	$	$
Household Items	$	$
Laundry/Dry Cleaning	$	$
Personal Care	$	$
Personal Loan Payment	$	$
Pet Care	$	$
Public Transportation	$	$
Recreation	$	$
Self Improvement	$	$
Student Loan	$	$
Vacation/Travel	$	$
Other:	$	$
	$	$

Answer 1

Personal and Family Expenses
Category	Monthly Budget
	Current	Alternative 1 / Retirement
Alimony	$                      576	$                      461
Bank Charges	$                        10	$                        12
Books/Magazines	$                        20	$                        25
Business Expense	$                   1,152	$                   1,268
Care of Parent/Other	$                      934	$                      800
Cash — Miscellaneous	$                   1,200	$                   1,000
Cell Phone	$                        15	$                        16
Charitable Donations	$                      100	$                      100
Child Activities	$                      150	$                      180
Child Allowance/Expense	$                      200	$                      225
Child Care	$                      150	$                      150
Child Support	$                      100	$                        90
Child school help	$                      450	$                      400
Clothing — Client	$                        50	$                        60
Clothing — Co-Client	$                        55	$                        65
Clothing — Children	$                        50	$                        60
Club Dues	$                      100	$                      100
Credit Card Debt	$                   1,500	$                   2,600
Dining	$                      600	$                      650
Entertainment	$                      200	$                      220
Gifts	$                        50	$                        60
Groceries	$                      250	$                      280
Health Care - Dental	$                        10	$                        10
Health Care - Medical	$                        50	$                      131
Health Care - Prescription	$                        50	$                        55
Hobbies	$                      100	$                      110
Household Items	$                      600	$                      650
Laundry/Dry Cleaning	$                      100	$                      110
Personal Care	$                      100	$                      110
Personal Loan Payment	$                      150	$                      160
Pet Care	$                         -	$                         -
Public Transportation	$                        25	$                        25
Recreation	$                      200	$                         -
Self Improvement	$                        50	$                        50
Student Loan	$                      600	$                      600
Vacation/Travel	$                   1,000	$
Other:	$                      577	$                      692
	$                11,525	$                11,525

Please get into comments for any query, else please give this a thumbs up. Thanks