Dylan+Steerman

=Picture Practice= =TABLE= ==

(Note: You can only view the spreadsheet here. You must enter data from your actual Google Doc spreadsheet.)

=Getting a Job=

== = = == =Taxes= =Retirement Savings=
 * ~ Name of Tax ||~  ||~ Calculation of tax for the year (provide a complete formula for each tax's calculation) ||~   ||~ **Dollar amount of tax** ||~   ||~   ||~   ||
 * < **Social Security** ||  ||<   ||   || $4,550 ||<   ||
 * < **Medicare** ||<  ||<   ||   || $1064 ||
 * < **Federal income tax** ||<  ||<   ||   || $12194 ||
 * < **PA income tax** ||<  ||<   ||   || $2253 ||
 * <  ||<   ||> **Total for //year//:** ||   || $20061 ||
 * ||  || **Total for //each month//:** $1671 ||

Your responses here ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** || $6116 ||
 * **Retirement savings rate (as a percentage)** || 15% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || $917 ||
 * **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.** || 3,183,000 ||
 * **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.** || 6,302,000 ||
 * **Respond to these questions in a few well written sentences:**
 * **Why did you select the retirement savings rate that you did? Because I didn't want to have to work by the time I'm 45.**
 * **What are the opportunity costs for your choice? I can't use it on the weekends, or on a nice car or house.**
 * **Why did you select the retirement savings rate that you did? Because I didn't want to have to work by the time I'm 45.**
 * **What are the opportunity costs for your choice? I can't use it on the weekends, or on a nice car or house.**

=Housing= 735ft ||  || running trails, Belmar Shopping District, wood burning fireplace, Walk-Out patio ||  || Washer Dryer, Fireplace, Garable Disposal ||  ||   || =Transportation=
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || $1350 ||  ||
 * Monthly rent for your apartment/house: || $865 ||  ||
 * Location || LakeWood, Colorado ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 1 Bed, 1 Bath
 * Selling features (What makes this a great apartment?) || 10 minutes from the city, allows pets,
 * Possible downsides || They have electric stoves ||  ||
 * Parking || Parking outside all apartments ||  ||
 * Included utilities || Central Air Conditioning, Cable, Dishwasher,
 * Security deposit requirement || $500 ||  ||
 * Restrictions on pets? || $25 per month for pets, no more than two allowed ||  ||
 * Length of lease || 12 month lease ||


 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || $226.00 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || $75.00 ||
 * **Gas** ||  || $125.00 ||
 * || **Monthly total** || $426.00 ||

=Insurance=



Car Insurance: monthly premium (website quote divided by six months): $164.00
 * Total Insurance Costs for Car, Rental, and Health Insurances **

<span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Renter's Insurance monthly premium: $15.17

<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 $279.17 <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">(to be entered on budget spreadsheet):


 * Utilities **




 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $98.47 ||
 * **Water** || $25 per month (if not included in rent) || $25.00 ||
 * **Sewer** || $25 per month (if not included in rent) || $25.00 ||
 * **Trash removal** || $15 per month (if not included in rent) || $15.00 ||
 * || **Monthly total:** || 163.47 ||

= = =Communications=



(Bundle) ||
 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** ||  || $110 ||
 * **Land line** ||  || $89.99
 * **TV** ||  ||
 * **Internet** ||  ||
 * || **Total monthly cost:** || $199.99 ||


 * Food and Household Items **


 * Miscellaneous **

=Questionnaire and Video=

Yes my budget is balanced.

The money that wouldn't be budgeted i would put into the bank, and when i needed clothes or something or to spoil myself i will use that money. But for the most part it will be in bank stacking up.

I would not spend any more money in any area I'm comfortable with my budget.

Yes this project is a realistic simulation of real life, the only thing i would change about it is maybe my food shopping. That is because I know i eat heavily, so i might need more food specially if my friends and family are gonna be stopping by throughout the week.

The only part I would say is unrealistic is the car payment. It cost more money than just figuring out how much a month it is and insurance theres tags, inspection and couple things that need to be looked over.

Yes, I do agree that this project is realistic.