CFerlick

=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="24886314" 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** ||  ||< .062x44030 ||   || 2729.86 ||<   ||
 * < **Medicare** ||<  ||< .0145x44030 ||   || 638.435 ||
 * < **Federal income tax** ||<  ||< 44030-9350= 34680 ||   || 5194 ||
 * < **PA income tax** ||<  ||< .037x44030 ||   || 1629.11 ||
 * <  ||<   ||> **Total for //year//:** ||   || 10191.4 ||
 * ||  || **Total for //each month//:** 849.28 ||

= = =Retirement Savings= Your responses here: ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** || 3669.17 ||
 * **Retirement savings rate (as a percentage)** || 10% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || 366.92 ||
 * **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.** ||  ||
 * **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.** ||  ||
 * **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?** *

=Housing= 1 bathroom 1 kitchen ||  ||
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || 846 ||  ||
 * Monthly rent for your apartment/house: || 829 ||  ||
 * Location || center city philadelphia ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || studio
 * Selling features (What makes this a great apartment?) || location, close to my job ||  ||
 * Possible downsides || no ||  ||
 * Parking || garage ||  ||
 * Included utilities || Water, ,Heat, trash removal. ||  ||   ||
 * Security deposit requirement || yes ||  ||
 * Restrictions on pets? || None ||  ||
 * Length of lease || 1 year ||

=Transportation= **Expense** **Calculation** **Dollar cost** (From the Cars.com online calculator)
 * Payment**

(Three levels of monthly maintenance based on car cost. See instructions above.)
 * Maintenance**


 * Gas**

**Monthly total**



$66.38 a month =Insurance=

(to be entered on budget spreadsheet): ||  ||
 * = **Total Insurance Costs for Car, Rental, and Health Insurances ** ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Car Insurance: monthly premium (website quote divided by six months): ||>  ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Renter's Insurance monthly premium: ||  ||
 * > <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

= = =Communications=
 * Utilities **
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $23.25 ||
 * **Water** || $25 per month (if not included in rent) || $included ||
 * **Sewer** || $25 per month (if not included in rent) || $included ||
 * **Trash removal** || $15 per month (if not included in rent) || $included ||
 * || **Monthly total:** || 23.25 ||


 * Service**
 * Stand alone or bundled with another?[[image:Screen Shot 2014-01-23 at 9.17.17 PM.png]]**
 * Cost**
 * Cell**


 * Land line**


 * TV**


 * Internet**

**Total monthly cost:**


 * Food and Household Items **


 * Miscellaneous **

=Questionnaire and Video= the part of this project that is most realistic is the grocery prices, and household goods prices because the prices are from the grocery store list and the budget that i had for those items are realistic because they are multiplied by weekly and monthly times. this project taught me that living alone is really pricey and that the prices for things are more than i thought. also it taught me to start saving and also it scares me to be on my own right away after high school. i have to defiantly save more.
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Is your budget balanced? yes, it is balanced. i bought things i could afford because i didnt want to go over my budget.
 * <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? smart buys with the right price. buying things i need and not over stocking on food or anything like that.
 * <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? gas, and things that are not needed every month. like movies, and activities.
 * <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="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"?