Alexis+Fulcher

=Picture Practice=

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=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"

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=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** ||  ||< 57,709 x .062 ||   || 3,577.96 ||<   ||
 * < **Medicare** ||<  ||< 57,709 x .0145 ||   || 836.78 ||
 * < **Federal income tax** ||<  ||< 57,709 - 9350 ||   || 8,281 ||
 * < **PA income tax** ||<  ||< 57,709 x .0307 ||   || 17,71.66 ||
 * <  ||<   ||> **Total for //year//:** ||   || 14,467.4 ||
 * ||  || **Total for //each month//:** ||   || 1,205.62 ||

= = =Retirement Savings= Your responses here: To put away and save more money to have a better retirement. there are gonna be some things i wont be able to do. ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** || $57,709 ||
 * **Retirement savings rate (as a percentage)** || 11% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || $6,347 ||
 * || $528 ||
 * **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.** || $18,364,439 ||
 * **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.** || $36,354,295 ||
 * **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?** *
 * **What are the opportunity costs for your choice?** *

=Housing=

28-1 Drexelbrook Drive Drexel Hill, PA 19026 ||  ||
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || $1,080 ||  ||
 * Monthly rent for your apartment/house: || $930 ||  ||
 * Location || Drexel Hill
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 2 bedrooms, 1 bathroom, 745 square feet ||  ||
 * Selling features (What makes this a great apartment?) || close to work, looks really nice ||  ||
 * Possible downsides || not a good area ||  ||
 * Parking || parking lot, storage area ||  ||
 * Included utilities || water, sewer, trash ||  ||   ||
 * Security deposit requirement ||  ||   ||
 * Restrictions on pets? || have to call for details ||  ||
 * Length of lease ||  ||



=Transportation=
 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || $77.03 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || $125 ||
 * **Gas** || 1000/22*3 || $136.36 ||
 * || **Monthly total** || $338.39 ||



=Insurance= (to be entered on budget spreadsheet): || $353 ||
 * = **<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): ||> $233 ||
 * > <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 **

77.74 || == =Communications=
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $
 * **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:** || 77.74 ||
 * **Service** || **Stand alone or bundled with?** || **Cost** ||
 * **Cell** || T-mobile no annual contract plan Samsung Galaxy 3 || $70 ||
 * **Land line** || bundle HD premiere XF || $149.99 ||
 * **TV** ||  ||
 * **Internet** ||  ||
 * || **Total monthly cost:** || $219.99 ||








 * Food and Household Items **




 * Miscellaneous **

=Questionnaire and Video= = = = Is your budget balanced? =

My budget is balanced. I ended up with having $548 left over.

If not, by what amount are you over budget? What could you do to balance your budget?

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?

I would just keep it and spend when I really need to. Like maybe a little bit more money in the food every month, maybe do some more go out more, go clothes shopping more.

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?)

This project is a realistic simulation. It helps show what its going to look in the real world when school is over and done with. It showed me how much I would really be spending on certain stuff every month. It also got me thinking about what I would do with the money that I am left with.

What has this project taught you about living in "the real world"? This project has taught me that living in the “ the real world” isn’t as easy as it seems. There are a lot more responsibilities and a lot more things that need to be paid for.