Jennifer Horney, PhD, MPH, CPH Phil Berke, PhD Gavin Smith, PhD
My Future As I Know It Jennifer Smith 8 th Grade End of the Year Budgeting Project.
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Transcript of My Future As I Know It Jennifer Smith 8 th Grade End of the Year Budgeting Project.
About me
• Describe yourself…your hobbies etc
• Explain the purpose of this project
• Include a picture of you
My Future Careerhttp://primepay.com/resources/calculators
• Occupation:
• Gross Yearly Income (before tax): Look up average salary for your job and
state
• Gross Monthly Income (before tax): Divide yearly income by 12
• Net Income (after tax):
• Rent/Mortgage Range (20-30% of gross monthly): $1300-15000
My Monthly Budget •Electric Bill: $52 Gas Bill: $ 30 Water Bill: $ 55
•Rent/Mortgage: Cell : Gas: $200
• Auto Ins : $60 Health Ins: $92 Food: $250 Spending money: Charity: Car Payment:
• Savings: (about 10% of take home pay)
• Total Budget: ____________
• (All bills should add up to take home pay)
My Future House *Do internet search for “how much house can I afford to find a price range for your property
• City, State:
• Purchase Price
• Down Payment: 4% _____________
• 10%_____________
• 20%_____________
• Monthly Payment:_______________________
RetirementSearch Dave Ramsey Investment Calculator
• How much money will you budget for retirement…
• At what age will you start saving?
• How much money will you have at retirement…. (assume 10% interest rate on a mutual fund)
• How does age started affect retirement amount.