Adult Job and Income-5 points

Name: Nattie Kim Occupation: Neurology

Salary: $120,000
Salary X 70% = 84,000/ 12 months
Monthly Net Income: 7,000

The Living Environment- Step 1

10 points
This apartment should be located near your job in a positive section of a city
This monthly rent expense should be no more than 25% of your monthly income,
with utilities 30%
Address 84 Wabasha St. S Saint Paul MN, 55107

Rent

$855.75
Number of Bedrooms-If you choose a
Splitting, 2 bedroom Apartment
2-Bedroom, assume you will split it.
Original Rent Average $1,711.50
Type the full amount and then your
Split Price: $855.75
half.
25% Monthly Salary: $1,750.00
You can choose a studio apartment
30% Monthly Salary: $2,100.00
(one person-minimal living)
Amenities-things included Application Fee: $45 Netflix: $10
Electricity provided $65.00
Internet Service provided $45.00
Cable Service (optional) None
Cell Phone Package provided
$ 45.00
Living Environment Total $1,065.75
 Transportation Information- Step 2
25 Points
Car and insurance expenses should be no more than 20% of your monthly income
Search for a car to purchase Cars.com; Carmax.com; Edmunds.com
Make, Model, Year, Mileage 2014 Toyota Camry LE 23K

Picture

MPG-Miles per Gallon 25 mpg in the city and 35 on the highway

Asking Price $14,998
Estimated Monthly
Maintenance
Monthly Maintenance $30(48)= $1,440
Under 5 years $30/month
Over 5 years $70/month
Warranty Terms, if any 30 day limited warranty
Purchase Price: $14,998
Car Loan
Subtract $ 1,499.80
Calculate payment:
Auto Loan Amount: $13,498.20
http://www.bankrate.com/br
Auto Loan Terms: 4 years or 48 months
m/auto-loan-calculator.asp
Interest Rate: 7.30%
Monthly auto loan payment: $325
Copy and Paste your results from payment calculator here:
Auto Loan Amount; $13,498.20
Length: $ years; 48 months
New or Used: Used
Interest Rate 7.3%
Car Insurance Remember 100/300/50
Shop for your own Auto $500 to $1000 deductible
insurance. $134.79
Assume you are:
-23 years old
-Have 7 years of driving
experience
-Use the car you purchased in
the previous activity as the car
to be insured
Go to this site and do not use
your own social security
number
www.esurance.com

Gasoline Usage
Assume that you drives 34
miles round trip each day to
680 miles per month/25 MPG= 27.2 gallons per month
work for 5 days a week for 4
weeks each month.
27.2 gallons x $2.40 = $65.28
Calculate this first _________

Car Payment, Insurance,

$555.07
Gas, Expenses Total
 Weekly Menu Step 3
10 points
This should not exceed 15% of your monthly income
The weekly menu will be multiplied by 4 to equate to a months groceries.

1) Copy or Insert your Menu,

2) Insert your Peapod list for Food and Personal Items

Monday Tuesday Wednesd Thursday Friday Saturday Sunday Groceries list

ay

cup of cup of cup of cup of cup of 2 2 pieces cereal toast

cereal cereal cereal cereal cereal pancake of toast milk butter
1 cup of 1 cup of 1 cup of 1 cup of 1 cup of s with peaches cuties
milk milk milk milk milk 3 strips butter pancake batter
peaches peaches peaches peaches peaches of bacon 1 cutie bacon eggs
2 eggs white bread

Wheat Wheat Wheat Wheat Grilled peaches cutie Wheat Bread

Bread Bread Bread Bread cheese cottage white Pepper jack
Pepper Pepper Pepper Pepper tomato cheese bread cheese
jack jack jack jack soup ricotta peanut salami grapes
cheese cheese cheese cheese cheese butter ranch white bread
salami salami salami salami vanilla tomatoes onions
ranch ranch ranch ranch sugar peanut butter
tomatoes tomatoe tomatoes tomatoe lettuce grapes
onions s onions s cottage cheese
lettuce onions lettuce onions ricotta cheese
lettuce lettuce tomato soup

Chicken full salad Bugers chicken Order- in meatloaf left overs chicken breast
breasts lettuce rice pasta or rice green beans
Mashed tomatoe green corn pizza broccoli broccoli
Potatoes s beans (Frozen) corn
Broccoli onions pasta
chicken alfredo sauce
strips potatoes
ranch croutons
croutons carrots rice

chips chips clif bar yogurt cheez- clif bar cuties doritos, cheetos,
itz yogurt, cheez-itz,
clif bar

Menu is in the folder

 Entertainment Expenses Step 4
10 points
Find activities for a month and provide pricing. This should not exceed 5% of your
monthly income.
Please include any explanations of expenses when necessary. Go to the websites for
these activities and get some actual prices at these places. (ex. For movie tickets).
Going to friends house requires bringing something such as an appetizer.
Your list of leisure activities should include at least four different types of things to
do.

Assume it will
Monthly
be for the Week 1 Week 2 Week 3 Week 4
Total
current season
Movies with
Out To Eat- Catch up on Order In-
Friday Friends - $54.00
$28 TV $17.50
$8.50
Visit Parents- Walk/ Shopping-
Saturday Clean House $80.00
$5 Workout $75
Volunteer- Friends-
Sunday Church Free day $32.99
$20.00 $12.99
Entertainme
$33.00 $20.00 $21.49 $92.50 $166.99
nt Total
 Putting It All Together Step 5
10 points
Cost Actual Money Spent
Step 1 Living Expenses (25% - 30%)
$1,065.75
Apartment, utilities
Step 2 Transportation (20%)
$555.07
Car Payment, Insurance, Maintenance, Gas
Step 3 Food (15%) $337.08
Grocery Bill (Subtracting delivery fee and
Restaurants delivery discount + Pro active face
Personal Items wash- $29.95)
Step 4 Entertainment $166.99
Student Loans - Use the amount from your H&R
$459.49
Block Student Loan Calculator
Savings $75.00
Emergency Savings $120.00
Health Insurance; company plan $75.00
Total Monthly Expenses $2,854.38

Monthly Net Income: $7,000

From page 1
Total Monthly Expenses $2,854.38
From above
Total Difference of $4,145.62

Subtract and hopefully expenses are not more than income-otherwise-go back and fix
your expenses.

Reflection:30 Points-Please let me know what you have learned!

What I/we learned from this project? Name at least 3 items. (4-6 sentences) I
learned that while we want to do everything when we are young, we cant travel the
world or just do whatever we please. As adults we have to pay bills, find a place to live,
and balance a monthly budget. Due to this and all we have to do, we are restricted either
by money or time and being an adult and having responsibilities are going to be
extremely difficult. I also learned how to plan out a monthly budget and how much to
spend in each category of my life, before this I had no idea how much I should spend on
my car or apartment. Its pretty cool that we are becoming more aware of what is going
to come when we get out of college so we make smaller mistakes and are more
prepared.

What parts of this project were challenging? Name at least 2 tasks. (3-5
sentences) The most difficult part was finding an apartment and good car insurance.
This was mostly because I had to pick a nice location that also had job opportunities that
fit what I want to do when Im older. Luckily I found a very nice complex that is spacious,
in my price range, and that I could share with someone else. The car insurance however
was a bit more difficult to find a good deal. I learned that because I wanted to live in
Saint Paul Minnesota, my rates would be much higher than if I were to stay in a small
town like Grayslake. Therefore I had to get as many discounts as I could in order to get
my quote down to around $130, but I did it.

Explain what would apply to your real life. (3-5 sentences)

All of these things would probably apply to my life at some point, although my
balanced meals probably will not be in my life for awhile. Other than that, I need to
learn how to hunt for apartments, get car insurance, budget my groceries, and find
cheap but fun entertainment. Its good that we get to learn these skills as high school
students because down the road, these things really will apply to our lives, and I believe
that they will come in handy in the near future.