Occupation: You will need to find a job for an 18 or 19 year old with a high school education. It must pay minimum wage. Look in papers or on-line.
Write-up: * Describe what you did to find the job.
If the job came from a wanted ad in the paper, tape a copy of the ad in this section of your project with the date and newspaper name.
Monthly Income: You need to figure out how much money you would make working 40 hours a week earning minimum wage. There are two totals you will need to figure out: gross pay and net pay. Gross pay is before taxes, and net pay is after taxes. The government takes approximately 20% of your gross pay each month for taxes.
Write-up: * Show how you figured out how much money you would gross for the month of December working 40 hours a week. (HINT – this will be mostly math, not writing)
* Show how you figured out how much money you would net for the same month. House/Apartment: You may only have one roommate – a person you don’t know, and you may only spend $600.00, or less on housing. Apartment complexes sometimes have strange practices such as charging first and last months’ rent when you have no credit, as well as requiring cleaning deposits to be paid in advance.
Write-up: * Where will you live? Include the address and a map of the location. Hint - Living close to your job will help you save money on transportation.
* What percentage of your income will you spend on housing – show your math!
* Are you living with a roommate? If so, include that information. Remember, you many only have one (1) roommate.
Transportation: Auto, unless you will be taking the bus/trolley or riding a bike.
· Monthly expense-gas, oil
· Minor repairs-tune-up, tires
· Major repair-Factor in $400-$500 per year
· Insurance-B.I., Comprehensive; Collision.
· Include the bus/trolley schedule if you don’t drive.
Write-up: Explain how you chose what type of transportation you will use.
Utilities: You need to pay for: electricity, water, natural gas (per month – sometimes this will be a multiple month bill), garbage, and telephone. Sometimes you need to pay a deposit for these services. Make sure you ask or look up deposit information for this section. Additionally, sometimes garbage, electricity and water are included in rent prices. Make sure you notice which utilities are included or if utilities are included when you look for an apartment. You need to know which utility bill/s you need to pay.
Write-up: * Write how much each utility will cost per month, * Make sure you have a deposit amount, if one is needed. Do not add the deposit amount to the total for that utility. List it as a deposit.
Clothing: When you look for a job, make sure you know how you need to dress to keep your job. Some jobs will give you uniforms, for other jobs you will need to buy your uniform, and at other jobs you are expected to dress appropriately. Outside of work you will dress differently, so you must include a monthly expense for clothes. Assume you have no clothing other than your current outfit.
Write-up: * Do you need to buy a uniform, or will your place of employment supply one? If you need to buy one, how much will it cost?
* If you need to dress a certain way, how much can you spend to keep up your appearance for work?
* What will you wear outside of work? How much will each item cost? How many items do you need and where will you buy them? Will you pay full price or shop at sales.
* How much can you buy each month. Do you need to wear the same pair of jeans you have on for a couple of months in order to buy other items? Tell me your plan.