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CREDIT UNION

Mad Citv Madness

Materials:
Tools of Success

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#TravisCU
 Name

[,u$]iffi
if f Yit** Ahout Me
fu', rIS
CREDIT L \ IO5

My life in the future a$ an Eennnmist...

salary:
My monthly take-home $2,568.

My spouse's occupation: [}rafter

My spouse's monthly take-home salary: $1,656.

*
Al local, state, and federal taxes have been deducted from your ulary.

r.r comes with obligations:

Student loan payment: $200 a month

Medical insurance copay: $tS0 a month covers me and my family

Credit card debt: $4,239

chitd: Hector, 3 years old

Credit Score: 750 (no I ate payments)

@ 2007-2010 Credit Union National Association lnc.

 Name trvr\ ty UJitson

ffiX E*dg&t Werk Sheet

Welcome to the future in Mad City.

Congratulations! You graduated, maybe got married, and landed a job. You also have goals,
expenses, and bills. Now you need a budget so you'll know just how much of your hard-earned
money you can spend on day-to-day living expenses and, of course, how much you can save for
future needs and wants.

Directions
. Use this work sheet to determine how much ' Complete My Spending & Savings Plan by
money you wrll allocate to each category on the end of the session.
My Spending & Sa ving Plan. . Your goal is to end up with no more
. Visit all the Mad City merchants and make than $t OO in your checking account, That
purchases. You will pay each merchant with means you can't be overdrawn. lt also means
your debit card. that any money in excess of $1 00 must be put
. Visit the merchants in any order. in savings, used to reduce debt, or spent on
. Remember to balance your account every time your goals.
you make a transaction.

My lncome
Use the information on your "About Me" statement to complete this section.

My take-home salary $ ,Lnbv

y,b,tl;":EIio,_
+ Spouse take-home salary (if married) \ bbb
' Union
Subtotal $ '\'i' ,' '

- Student Ioan payment--?.ffi-

Subtotal $_5_O25- Enter this amount as the
balance in the highlighted
- Medical insurance copay_\ bO_ section of your register.

s $
m
w&s *'8i

Totat monthty household income ffi

(This is the amount that has been direct deposited to the Credit Union)
tl

'1

**ms CREDIT UNION

O 2007-2010 Credit Union National Association lnc.
Page 1 of 7
 t 'r'-r
My Housing
Visit Really Realty & Utilities. Make a housing choice and add up the total monthly costs.
Enter the total on My Spending & Savings Plan.
(ra:ty *d)
Mortgage/rent payment $ ?c=,c
vis it *,r,ilT;[:I
Electricity/heat payment +Qo itirities
Water/sewer payment + inct.r&d. Enter this amount in your Debit Card Register
and subtract to find your balance remaining.
lnsurance payment (optional) +%O
Phone/cable/lnternet +65 -lY 550 = Add $25
*Credit
*AskVendor
Score Discount/Increase (+/-) : Z5 650 = $0
750 - Subtract $25
r:f <: i
Total housing expenses $ -b lq--

My Transportation
Visit Big Wheels New & Used. Make transportation choices and add the total monthly cost
for yourself and your spouse. Enter the total on My Spending & Savings Plan.

Your transportation

Monthly payment L\5 LottL "d)

IUeed hetp?
Car insurance GC
vrbit Brg
Wneers
Gas for month + \oC rew & used
Vehicle repair +zb i*nn for a car?
Bus pass (if applicable) +1
,*il,fjr;ffi**H,,
Spouse's tra nsPortation
,\
Monthly payment $ L\b /1){* :''u( ;'

Car insurance
+tuo Enter this amount in your Debit Card Register
and subtract to find your balance remaining.
Gas for month
+ too
Vehicle repair
+ a->
+
Bus pass (if applicable) Credit Score Guidelines
550 = Add $25
*Credit Score Discount/Increase (+l-) * Lb 650 = $0
*AskVendor
750 = Subtract $25
Total transportation expenses $ -17 b Page 2 ol 7
O 2oo7-20l O Credit Union National Association lnc.
 My Entertainment
Visit Fun Stuff to buy sports equipment, hobby supplies, movie and concert tickets, vacation pack-
ages, and more. Select at least 2 entertainment activities for each person age 2 or older in
your household. You can select only 1 free activity per person. Enter the total on My Spending
and Savings Plan.

LIST

Activity 7 fr} Cost $ C

Activity ?icnrL a
Activity 6oard qa,ran"cA o
'
Activity lCu ce-P o*-elag +Zb
Activity G-rt o*., +15

Activity +

Activity +

Need helP? Total entertainment expenses g 1 Sl

Fun stLE Enter this amount in your Debit Card Register
visit and subtract to find your balance remaining.

My Furnitlrre & Decorations

Visit Home Stuff. Select the furniture and decorative items you want for your home.
(Sorry, no sleeping on the floor!) Enter the total on My Spending & Savings Plan.

Furniture $_!E(>
Decorative home items +b
Household needs +\, d hetp?
Vrsit llorne
sfaaffi
Total furniture & decorations expenses $W 215
Enter this amount in your Debit Card Register
and subtract to find your balance remaining.

@ 2007-2010 Credit Union National Association lnc. Page S of 7

I

My Glothing {I Personal care

Visit the fashion consultant at My Closet. Select the type of clothing you will purchase.
Determine the type of personal care supplies and services you need for yourself and your spouse.
Enter the total on My Spending & Savings Plan.

Clothing for me $_J s_

Clothing for spouse +1b
Personal care for me t ,,=x",tr:il:,
4
Personal care for spouse I
-uT:roa%"air
d scor-t-
Total clothing & personal care expenses $
\ffi- t[:1
Enter this amount in your Debit Card Register
and subtract to find your balance remaining.

Wants & Extras

Visit Mad City Mall. Select any number of optional special purchases you want for you and your
family. Enter the total on My Spending & Savings Plan.

LIST

Want Cost $

Want Zb Need hetp?

Visit Ntad0rtfrnail
Want flafnr qof^t?ul(y' 1*l
Want +

Want +

Want

Total wants & extra expenses $, \<1

Enter this amount in your Debit Card Register
and subtract to find your balance remaining.

Page 4 ol 7
@ 2OO7-2010 Credit Union Nationat Association lnc.
 My Meals
Visit Gotta Eat! Select the kind of food you will eat for each week. You do not need to eat the same
foods all month. lnclude how much you will spend on drinking coffee and eat;ng out. Enter the total
on My Spending & Saurngs P/an under "Food."

Week 1 food $ 13
Week 2 food + t()o
Week 3 food +15
Week 4 food + tOO
Eat out fast food ( q times per month@ U C_ per time) +@
Eat out fine dinin g ( 'L times per month@ .tU per time) + oK)
Coffee for me + i?-
Need helP? Coffee for spouse + l?-
& dining
gotta Eatt food
Total food expenses $ 5 3H
Enter this amount in your Debit Card Register
and subtract to find your balance remaining.

My Children
Visit Kid Care to select clothing and care for your child.

' You must purchase clothing for your child regardless of age.
' If your child is 3 years or younger, you must purchase diapers.
. Because you are working you must hire child care.
. lf your child is 1 year or younger, you must buy formula.

Enter the total on My Spending & Savings Plan.

Clothing $. ZO
Diapers + 1> I\leed hetp?
Yrbit (rd
Formula + ---F care
+ 7>O
Child care

Presentsn books, toys +, Lo

Total child expens"" +--?t O

Enter this amount in your Debit Card Register
and subtract to find your balance remaining.

O 2007-2010 Credit Union National Association lnc. Page 5 of 7

 Saving & Corrtributions
Determine what you are saving for and deduct the amount you will save for your goal. Determine the
charitable contributions you want to make. Visit the Credit Union to deposit your check for savings
and/or contributions. Enter the total on My Spending & Savings Plan.

l'm saving for {.r^<gtnr.A Deposited in savings each month $, 3oo

l'm saving for Deposited in savings each month +

I'm saving for Deposited in savings each month +

Need helP?
Visit the
Gredit Union
Total allocated to savings and contributions $ 3OO
Enter this amount in your Debit Card Register
and subtract to find your balance remaining.

My Debt
Owe nothing on your credit cards? Great! Skip this section. ll you owe, read on!

Enter the total amount you owe on your credit card. You must pay more than the minimum amount
owed each month. lf you can afford it, pay off the entire amount, Visit the Credit Union and write a
check for your debt payment. Enter the total on My Spending & Savings Plan.

Total amount owed times 4016 = minimum credit card payment

(Credit card debt x .04 = minimum credit card payment)
( r-\23er x.o+=S_! !3..9_b_)

My minimum payment is tbq.bb Need help?

yr'stt
A the
Extra payment over minimum + Lredit Union
Total credit card payment $ 2rO'OO
Enter this amount in your Debit Card Register
and subtract to find your balance remaining.

Page 6 of 7
@ 2OO7-2010 Credit Union National Association Inc.
 Uh oh, I didn't plan for lhis.
Life happens. Pay to the Fickle Finger of Fate for the unexpected bill you receive. Enter the total on
My Savings & Spending Plan under "Emergencies."

Unexpected expenses $ \bo-oo

Unexpected expenses +

Total unexpected expenses $ t?D

Enter this amount in your Debit Card
-- Register
and subtract to find your balance remaining.

Great! An une><pected windfall

Life happens. Sometimes you get unexpected income. ln Mad City, all windfalls are deposited in
retirement accounts. Visit the Credit Union to open your retirement account with the check you
received from the Fickle Finger of Fate. Enter the total under "Retirement Account' on My Savings &
Spending Plan.

Windfall income $ qq
Windfall income +

Total windfall income $-ttt-

Enter this amount in your Debit Card Register
and subtract to find your balance remaining.

DID YOU VISIT ALL THE MERCHANTS?

lf yes, great. Now you can complete My Savings & Spending Plan. Make sure you have $t OO or
less in your checking account.

lf no, time to get a move on. You have stores to shop and items to buy for your family.

*ws CREDIT UNION

PageT ol7
@ 2007-2010 Credit Union National Association lnc.
 ***r, CREDIT UNION Name rr*.\r,tlJ i \gon

l,Uly $pendinrg & $axilflrg$ Plan

Need help? Visit the Credit Union

Food (Gotta Eatt)

63q Do
Clothing and personal care (My ctoset) +
.61 . DD
Furniture and electronics (Home Stuff) +
z\b. oo
Children (Kid care) +
3'1 0.cD
Housing & utilities (Reany Reatty) + ?bD,CD
Transportation (Big Wheets New & Used) + 1tb "co
Savings/contributions (The Credit Union) +
3bo.oo
Debt (Credit card payment) I + Lbc "co
EmergenCieS (for exarnple, from Fickle Finger of Fate) | + tc\ co
Entertainment (Funsturr)
| + t O Lt - C O
Wants(MadcityMan) | + I Bc( - DO

Monthly household income minus monthly expenses = TOTAL

(Subtract monthly expenses {rom monthly income)
Your goal: TOTAL should be $100 or less.
$ bn Do
Retifemgnt ACCOUnt (do not add to income or expenses) $5CDO
@ 2OO7 Credit Union National Association lnc.