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Sunday, May 4, 2014

Theoretical Budget - May 2014

Today I created a theoretical budget for living in 2014 in Dallas, TX using the societal needs categories as the items in the budget. I omitted air, sunlight, and recreation, and I was able to easily catch all of my potential expenses either in the remaining items or in the tax withholding item. Here's what the budget might look like:

Primary

Rent - $600.00
Water - $50.00
Food - $330.00

Secondary

Electricity - $150.00
Waste - $30.00
Clothing - $30.00
Entertainment - $75.00
Exercise - $15.00
Income Tax Withholding - $57.60

Tertiary

Transportation - $150.00
Communication - $55.00
Shopping / Trade - $33.00
Healthcare - $200.00
Safety / Regulation - $12.50
Social - $20.00
Religion - $20.00
Education - $50.00
Creative Outlets / The Arts - $20.00
Risk - $25.00

Total (Monthly)
$1,923.10

Total (Yearly)
$23,077.20

Everything gets accounted for. Membership to a gym? Exercise. Go to movies every weekend? Entertainment. Pay a speeding ticket? Safety / Regulation. Cell phone and internet? Communication. As long as you use the category for the same expenses each time, the societal needs categorization carries over to define more than just itself.

Edit: wording and formatting.