Rama INSTRUCTIONS Congratulations, the year is 2018 and you’ve just graduated! You’ve embarked on a new career of your choice, moved out on your own and you are finally FREE!! Or, are you… This financial project is designed to give you a representative idea of what to expect while living on your own. You are going to find out just what it takes to make it in this world. Here is a breakdown of the tasks before you. Use the template provided. All projects Due by Monday, December 18th!!! are Determining your career path; Workforce, Military, or College? Based on your career goals, GPA/SAT scores, determine which career path will be best for you. Your job’s pay will be determined by your MOS/Fleet/Rank pay (minus uniforms, inspections, haircuts, gas etc.), or starting salary (www.bls.gov) for the Atlanta area based on education. Remember, you have no experience. I must approve of your occupation before you can start the project. Your job will be determined by a combination of the items from the second sentence. Net Income/month You will find your net monthly income by taking your assigned Gross Income and making the proper deductions and paying the proper taxes on the income and finally calculating your monthly net income. If you are married, you may double your income (if you choose to have a working spouse). However, consider all that goes with a working spouse: two cars, double the gasoline, food & insurance costs and (if you have dependents) DAYCARE! Retirement EC: you can get extra credit for investing 10% of your salary in stocks, mutual funds or a 401k for the future. Be careful of the stocks you invest in… take care they are long-term risks, not short- term. (Consult me for information on investing) Housing Find a suitable place for your family to live using online ads, craigslist or newspaper/magazine. No staying with parents or good friends! Utilities Using the internet resources available complete all data accurately. Automobile Find a suitable vehicle using online ads or even newspaper/magazine listings. MARTA is an option only for those living in the city. Gasoline Use your car’s MPG and local prices to determine your monthly transportation costs.
Rama INSTRUCTIONS Congratulations, the year is 2018 and you’ve just graduated! You’ve embarked on a new career of your choice, moved out on your own and you are finally FREE!! Or, are you… This financial project is designed to give you a representative idea of what to expect while living on your own. You are going to find out just what it takes to make it in this world. Here is a breakdown of the tasks before you. Use the template provided. All projects are Due by Monday, December 18th!!! Determining your career path; Workforce, Military, or College? Based on your career goals, GPA/SAT scores, determine which career path will be best for you. Your job’s pay will be determined by your MOS/Fleet/Rank pay (minus uniforms, inspections, haircuts, gas etc.), or starting salary (www.bls.gov) for the Atlanta area based on education. Remember, you have no experience. I must approve of your occupation before you can start the project. Your job will be determined by a combination of the items from the second sentence. Net Income/month You will find your net monthly income by taking your assigned Gross Income and making the proper deductions and paying the proper taxes on the income and finally calculating your monthly net income. If you are married, you may double your income (if you choose to have a working spouse). However, consider all that goes with a working spouse: two cars, double the gasoline, food & insurance costs and (if you have dependents) DAYCARE! Retirement EC: you can get extra credit for investing 10% of your salary in stocks, mutual funds or a 401k for the future. Be careful of the stocks you invest in… take care they are long-term risks, not short- term. (Consult me for information on investing) Housing Find a suitable place for your family to live using online ads, craigslist or newspaper/magazine. No staying with parents or good friends! Utilities Using the internet resources available complete all data accurately. Automobile Find a suitable vehicle using online ads or even newspaper/magazine listings. MARTA is an option only for those living in the city. Gasoline Use your car’s MPG and local prices to determine your monthly transportation costs.