CFuentes

=`Picture Practice=

=Budget Table=

(Note: You can only view the spreadsheet here. You must enter data from your actual Google Doc spreadsheet.) media type="custom" key="11994175" align="left"

=Getting a Job=

= = == == =Taxes=
 * ~ Name of Tax ||~  ||~ Calculation of tax for the year (provide a complete formula for each tax's calculation) ||~   ||~ **Dollar amount of tax** ||~   ||~   ||~   ||
 * < **Social Security** ||  ||< .062x66,700 ||   || $4,130 ||<   ||
 * < **Medicare** ||<  ||< .0145x66,700 ||   || $967.15 ||
 * < **Federal income tax** ||<  ||< 66,700-9350=55,350-10,120 ||   || $4,779.16667 ||
 * < **CO income tax** ||<  ||<   ||   ||   ||
 * <  ||<   ||> **Total for //year//:** ||   || 10,531 ||
 * ||  || **Total for //each month//:** ||   ||   ||

= = =Retirement Savings=

Your responses here:1.
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income - 5,558** || 10% ||
 * **Retirement savings rate (as a percentage) 10%** || 10% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || $558.8 ||
 * **Calculate how much money you will have at retirement at age 70 if you invest your budgeted amount at __6%__ yield. Use the compound interest spreadsheet calculator to do this. Assume your starting age is 22. You will need to calculate your annual contribution (principal) by multiplying your monthly retirement savings (above) by 12.** || $1.9million ||
 * **Calculate how much money you will have at retirement at age 70 if you invest your budgeted amount at __8%__ yield. Use the compound interest spreadsheet calculator to do this. Assume your starting age is 22. You will need to calculate your annual contribution (principal) by multiplying your monthly retirement savings (above) by 12.** || $3.8million ||
 * **Respond to these questions in a few well written sentences:**
 * **Why did you select the retirement savings rate that you did?**
 * **What are the opportunity costs for your choice?** *
 * **Why did you select the retirement savings rate that you did?**
 * **What are the opportunity costs for your choice?** *
 * because it was a nice amount of money to save instead of waste on things i don't need and it would end up making me a millionaire guaranteed by the time I'm ready to retire and the opportunity cost is the things i didn't buy while saving. ** ||

=Housing= 897sqf ||  ||
 * Issue[[image:Screen Shot 2014-01-17 at 10.00.26 AM.png]] || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || $859 ||  ||
 * Monthly rent for your apartment/house: || $859 ||  ||
 * Location || King of Prussia, PA ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 1 bedroom
 * Selling features (What makes this a great apartment?) || fitness center, tv Lounge, wifi ||  ||
 * Possible downsides || fitness center not big enough ||  ||
 * Parking || garage ||  ||
 * Included utilities || Water, Electric ,Heat ||  ||   ||
 * Security deposit requirement || yes ||  ||
 * Restrictions on pets? || cat and dog only ||  ||
 * Length of lease || 1 year ||

=Transportation=
 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator)[[image:Screen Shot 2014-01-16 at 2.02.34 PM.png]] || $687 a month ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || $75 ||
 * **Gas** ||  || 136.36 ||
 * || **Monthly total** || 898.36 ||

=Insurance= <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">(to be entered on budget spreadsheet): || 265.17 ||
 * = **<span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">Total Insurance Costs for Car, Rental, and Health Insurance ** ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Car Insurance: monthly premium (website quote divided by six months): ||> $150 a month [[image:https://www.wikispaces.com/i/editor/insert_table.gif]] ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Renter's Insurance monthly premium: || [[image:Screen Shot 2014-01-17 at 10.16.39 AM.png width="373" height="305"]] ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Health Insurance monthly premium: || $100 ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">**Total** monthly cost for insurance premiums
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Health Insurance monthly premium: || $100 ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">**Total** monthly cost for insurance premiums


 * Utilities **

=Communications=
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF [[image:Screen Shot 2014-01-24 at 10.18.13 AM.png]] to wiki) || $27.94 ||
 * **Water** || $25 per month (if not included in rent) || $25 ||
 * **Sewer** || $25 per month (if not included in rent) || $25 ||
 * **Trash removal** || $15 per month (if not included in rent) || $15 ||
 * || **Monthly total:** || $92.94 ||
 * **Service** || **Stand alone [[image:Screen Shot 2014-01-24 at 10.32.36 AM.png]] bundled with another?** || **Cost** ||
 * **Cell** ||  ||   ||
 * **Land line** ||  ||   ||
 * **TV** ||  ||
 * **Internet** ||  ||
 * || **Total monthly cost:** || $110 ||


 * Food and Household Items **
 * Mi **** scellaneous **

$150+100=250 total miscellaneous =Questionnaire and Video=
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Is your budget balanced? <span style="color: #f20707; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;"> yes.
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">If not, by what amount are you over budget? What could you do to balance your budget? <span style="color: #ef0b0b; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">N/A
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">If your budget is balanced, what else would you expect to do with the money that is not budgeted to be spent? Would you increase your spending anywhere? <span style="color: #f10909; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">Maybe take a trip
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Is this project a realistic simulation of what it would be like plan a monthly budget? What part of it do you think was //**most**// realistic? In what ways is this simulation **//un//**realistic? (How could it be improved?)<span style="color: #e20808; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">I feel the car payments or maybe the rent, even the area because i plan on moving west before i'm 30
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">What has this project taught you about living in "the real world"? <span style="color: #ec0909; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">that bills suck