Michael+Stanczak

=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="11999653" align="left"

=Getting a Job=

= = = = = = =Taxes=



SS tax- 2,001.91 Med- 468.19 Fed- 9,350 PA- 968.67 = = =Retirement Savings=

Your responses here: I chose the rate of 15% because i would like to be able to do what i want and be able to relax when im older. The opportunity costs could be a number of things, its always going to be multiple things that i have given up ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** || 2690.75 ||
 * **Retirement savings rate (as a percentage)** || 15% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || 403 ||
 * **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.** || 1,401,355 ||
 * **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.** || 2,774,126 ||
 * **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=
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || 9,686 ||  ||
 * Monthly rent for your apartment/house: || 999 ||  ||
 * Location || king of prussia ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 2 beds, 1 bath, 1000sqft ||  ||
 * Selling features (What makes this a great apartment?) || fitness center, pool club, balcony ||  ||
 * Possible downsides || not enough space ||  ||
 * Parking || parking lot ||  ||
 * Included utilities || dishwasher, full kitchen, laundry ||  ||   ||
 * Security deposit requirement || call ||  ||
 * Restrictions on pets? || cats welcome, no dogs ||  ||
 * Length of lease || 3-6 month ||

=Transportation=

=Insurance=


 * Utilities **

= = =Communications=
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $86.64 ||
 * **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:** || $151.64 ||


 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** ||  || 70 ||
 * **Land line** ||  || N/A ||
 * **TV** || bundle w/ internet 120 ||
 * **Internet** ||  ||
 * || **Total monthly cost:** || 190 ||


 * Food and Household Items **


 * Miscellaneous **

=Questionnaire and Video=