How much does life cost

Life on a Budget: How Much Does It Cost to Be an Adult? “A real-life math project where YOU run your own life!” Life on a Budget: How Much Does It Cost to Be an Adult? Choose a job Find a place to live Calculate your monthly expenses See if your income covers your lifestyle Reflect on what you’ve learned Why are we doing this? Learn real-life math skills Practice budgeting and planning Understand how much things cost Get ready for your future! Part 1: Choose a Job Your job is to choose an entry- level job Examples: cashier, server, daycare worker, mechanic assistant, hair stylist, retail worker, warehouse associate. You will go on https://www.indeed.com/? And find a job The real stuff about: ______________________________ Explain why you chose this job in 1-2 complete sentences. What would a typical day look like in this job? How much an hour does this job pay? What shift will you work? What days of the week will you work? How many hours a day will you work each week? Tax & Take Home Pay Weekly Income Multiply your hourly wage × hours/week = __________ (Weekly income) Monthly Income Multiply weekly income × 4 = __________ (Estimated monthly income) How much money will you have to pay in taxes? Multiply your monthly pay × 0.25 = $_____ (Taxes taken out) How much money do you ACTUALLY bring home each month? Monthly Pay – Taxes = Take-Home Pay ✏️ $_____ – $_____ = $_____ (Monthly Pay AFTER Taxes) Reflection Does your job pay enough to cover what you think you’ll need? If your job didn’t pay enough, what could you do? (Get a roommate? Work more hours? Pick a different job?) Would you want to do this job in real life? Why or why not? Do you think it's beneficial for you to go to college to get a higher paying job? Part 2: Find a place to live Choose an apartment and record rent + utilities. Do you want an apartment or a house Do you want to live with a roommate to save money . You will go on Zillow or Relators Part 2: Apartment Hunting What apartment did you choose? Place a link inside this box Why did you choose this apartment? How much is the money rent? Does your apartment include utilities? What utilities did you choose? Add them all together to find your monthly utility & lifestyle costs. Pick the utilities your apartment does not include. How much money do you have left after paying for your apartment and utilities? Monthly income – housing costs = $________ Reflection Do you have enough money left to pay for other things like food, transportation, and fun? If you don’t have enough money left, what could you do? Find a cheaper apartment? Get a roommate? Work more hours or find a higher-paying job? Did your rent take up more or less of your income than you expected? Part 3: Chose a mode of transportation Choose on the the options for transportation. Add this to your budget Why did you chose this transportation? How does your choice affect where you can live or work? Can you afford a car with your current income? What are the benefits…