Jerry+Stingle

=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** ||  ||<   ||   || 2988.4 ||<   ||
 * < **Medicare** ||<  ||<   ||   || 698.9 ||
 * < **Federal income tax** ||<  ||<   ||   || 5,906 ||
 * < **PA income tax** ||<  ||<   ||   || 1479.74 ||
 * <  ||<   ||> **Total for //year//:** ||   || 11073.04 ||
 * ||  || **Total for //each month//:** ||   || 922.75 ||

= = =Retirement Savings=

Your responses here:
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** || 4,017 ||
 * **Retirement savings rate (as a percentage)** || 5% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || 200 ||
 * **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.** || 694406 ||
 * **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.** || 1.374 mill ||
 * **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?** *
 * to be able to do more when i retire
 * I will save my money by not spending it on things i do not need ||

=Housing=


 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * 3094 x .3 = || 928 ||  ||
 * Monthly rent for your apartment/house: || 840 ||  ||
 * Location || 19428 ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 1 bed bath and living 471 squr ||  ||
 * Selling features (What makes this a great apartment?) || Comes with a lot of features and with all utilities ||  ||
 * Possible downsides ||  ||   ||
 * Parking || Yes ||  ||
 * Included utilities || gas heat hot- water sewer trash water ||  ||   ||
 * Security deposit requirement || 100 ||  ||
 * Restrictions on pets? || only cats ||  ||
 * Length of lease || 3 months, 12 months ||

Next issue: Transportation =Transportation=


 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || 139 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || 175 ||
 * **Gas** || 1000/18mpg = || 166 ||
 * || **Monthly total** || 480 ||

=Insurance= (to be entered on budget spreadsheet): || 361 ||
 * = **<span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">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): ||> 241 ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Renter's Insurance monthly premium: || 20 ||
 * > <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 uploaded to wiki) || $61.67 ||
 * **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:** || 61.67 ||


 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** || Verizon || 50 ||
 * **Land line** || None || NO ||
 * **TV** || TV and internet bundel $69.00 ||
 * **Internet** || TV and internet bundel ||
 * || **Total monthly cost:** || 119 ||
 * Food and Household Items **

Worksheet


 * Miscellaneous **

$92 for fun with friends. =Questionnaire and Video=
 * <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Is your budget balanced? <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Yes, My budget is balanced.
 * <span style="color: #000000; 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: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">I would invest more money in my retirement.
 * <span style="color: #000000; 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: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Yes. It is realistic for planning how to budget a monthly budget. I think this project is realistic in every way.
 * <span style="color: #000000; 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: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Everything reflects around money, so you can't waste it away.