Renee+Hoffman

=Picture Practice= =Budget Table=

=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** ||  ||<   ||   || 2790.00 ||<   ||
 * < **Medicare** ||<  ||<   ||   || 652.50 ||
 * < **Federal income tax** ||<  ||<   ||   || 5094.00 ||
 * < **PA income tax** ||<  ||<   ||   || 1381.50 ||
 * <  ||<   ||> **Total for //year//:** ||   || 9917.50 ||
 * ||  || **Total for //each month//:** ||   || 826.46 ||

=Retirement Savings= 10% I chose 10%, because it is a safe number between the three options. I know I may have to work part time, but i also know that when I retire, I don't plan on needing to spend much on luxury. Taking 37.50 out of my monthly income could have been spent on more groceries, or taking my family out to eat each month.
 * **Why did you select the retirement savings rate that you did?**
 * **What are the opportunity costs for your choice?** *

=Housing= community pool. Each building gets it's own laundry facility. The apartments are close by to many parks and playgrounds. ||  || must have form filled out, and a fee. ||  || =Transportation= =Insurance= (to be entered on budget spreadsheet): || 236.41 ||
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || 877.20 ||  ||
 * Monthly rent for your apartment/house: || 729.00 ||  ||
 * Location || Fairway Trails Apts ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 1 bedroom, 1 bathroom
 * Air Conditioning
 * Carpet
 * Club House
 * Controlled Access
 * Corporate Housing
 * Extra Storage
 * Furnished Available
 * Gas Utilities Included
 * <span style="background-color: #ebebeb; color: #333333; font-family: 'Open Sans',Verdana,Geneva,sans-serif; font-size: 12px;">Laundry Facility
 * <span style="background-color: #ebebeb; color: #333333; font-family: 'Open Sans',Verdana,Geneva,sans-serif; font-size: 12px;">Patio or Balcony
 * <span style="background-color: #ebebeb; color: #333333; font-family: 'Open Sans',Verdana,Geneva,sans-serif; font-size: 12px;">Pets Allowed
 * <span style="background-color: #ebebeb; color: #333333; font-family: 'Open Sans',Verdana,Geneva,sans-serif; font-size: 12px;">Playground
 * <span style="background-color: #ebebeb; color: #333333; font-family: 'Open Sans',Verdana,Geneva,sans-serif; font-size: 12px;">Small Dogs Allowed
 * <span style="background-color: #ebebeb; color: #333333; font-family: 'Open Sans',Verdana,Geneva,sans-serif; font-size: 12px;">Walk In Closets
 * <span style="background-color: #ebebeb; color: #333333; font-family: 'Open Sans',Verdana,Geneva,sans-serif; font-size: 12px;">Window Covering
 * <span style="background-color: #ebebeb; color: #333333; font-family: 'Open Sans',Verdana,Geneva,sans-serif; font-size: 12px;">Pool ||  ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Selling features (What makes this a great apartment?) || It allows pets, and has a
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Possible downsides || -- ||  ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Parking || yes ||  ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Included utilities || Gas utilities. Laundry facilities. ||  ||   ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Security deposit requirement || 729.00 ||  ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Restrictions on pets? || Small pets allowed, larger pets
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Length of lease || 12 mo. ||
 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || 289.14 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || 75.00 ||
 * **Gas** ||  || 85.71 ||
 * || **Monthly total** || 449.85 ||
 * = **<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): ||> 118 ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Renter's Insurance monthly premium: || 18.41 ||
 * > <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 **
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $66 ||
 * **Water** || $25 per month (if not included in rent) || INCLUDED ||
 * **Sewer** || $25 per month (if not included in rent) || $25 ||
 * **Trash removal** || $15 per month (if not included in rent) || $15 ||
 * || **Monthly total:** || $106 ||

= = =Communications=
 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** ||  || 79.99 ||
 * **Land line** ||  ||   ||
 * **TV** ||  ||
 * **Internet** || Bundle 79.99 ||
 * || **Total monthly cost:** || 159.98 ||

54$ weekly groceries 19$ monthly household items 235$ monthly total
 * Food and Household Items **

150$ student loans 50$ entertainment
 * Miscellaneous **

200$ total

=Questionnaire and Video=

<span style="background-color: #ffffff; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Respond to these questions:
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">//Is your budget balanced?// <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">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="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">--
 * <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="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">With my extra money, I will save up for any future expenses such as my family, or needing a new car or house.
 * <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;">yes. I think the unrealistic part was shopping for food. I think I can get food much cheeper since a lot of times it's left over, and I get things on sale. The car expenses were also unrealistic for me since I already have a car, and I don't drive nearly as much as the budget outline had me pay for. Realistic parts were the apartment and it's various expenses.
 * <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="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">That having a job only means being able to pay to live and you don't really get that much money.