|
IMPORTANT!
Please be realistic about participating in this program. Joining AmeriCorps is a big emotional, physical, and financialcommitment. You are giving a year of your life to serve others, in exchange for learning new skills and having an enriching experience. Be aware that you will not be highly compensated financially in return. The living allowance is $11,100 before taxes, an amount that will barely cover your housing, food, transportation and living expenses in the Bay Area. You will not have much extra cash for social activities, emergencies, travel, etc. during your service year. Below is a sample budget prepared by our current AmeriCorps members. Please sit down and plan your budget before applying for an AmeriCorps position with HEB. We encourage members to work a summer job and save money before starting the AmeriCorps program. You may also need to use some of your savings during your year.
|
|
Sample Budget #1:
Total monthly income including additional HEB housing stipend: $1200
Total monthly income after taxes (varies according to your exemptions on your W4): $950
Expenses:
- Rent: $500 (varies from $400 - $600 for shared housing)
- Utilities: $50
- Auto Insurance and Registration: $100
- Gas: $100
- Food: $150
- Essentials (household costs, etc): $25
Total left per month: $25
|
Sample Budget #2:
Total monthly income including additional HEB housing stipend: $1200
Supplemental Income (side jobs / part time work / babysitting / etc.): $100
Total monthly income after taxes (varies according to your exemptions on your W4): $1050
Expenses:
- Rent: $500 (varies $400 - $600 for shared housing)
- Utilities: $50
- Public Transportation (City Car Share/Bike/BART/Bus): $125
- Food: $0 (food stamps available to some members)
- Essentials (household costs, etc.): $25
- Total left per month: $350
|
Other Expenses:
Moving osts
Housing security deposit, first and last Month Rent
Car repairs and maintenance
Health insurance deductible and co-payments (members must pay the first $100 as a deductible and 20% of costs after that)
Travel for holidays or family emergencies
|
