Global

Chase Marston 5/3/10

Personal Budgeting Webquest

Getting ready for the real world can be rough. In everyday life people must live according to their means or go broke. In other words, they must live by a budget in order to have a lifestyle they are comfortable with. Material goods are expensive. Always remember to purchase necessites first, the prepare to purchase wants. |
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This webquest is designed to give you a taste of how you may need to budget and balance your needs and wants depending on the path you choose in life.

Career Choice Your first step will be to research a career. Use the U.S. Government's  Occupational Outlook Handbook to complete your worksheet questions concerning your career choice. 1.   Which occupation did you choose? Civil Engineer 2.   How much will your annual starting salary be? 58,960 3.   How much education will you need? Bachelor’s degree in civil engineering 4.   Cost? 8,300 per yearBudget Calculate your annual budget (how much money you will need each year to live). Multiply your annual salary by each of the percentages below.     | Salary x Percentage = |
  Housing 33%   |   $19456.90 |
  Automobile 18%   |   $10612.80 |
  Utilities 5%   |   $2948.00 |
  Income Taxes 18 %   |   $10612.80 |
  Food 16%   |   $9433.60 |
  Savings 5%   |   $2948.00 |
  Entertainment 5%   |   $2948.00 |
    Budgeting for Savings and unexpected expenses Saving money for a "rainy day" is an important part of your budget. Remember, pay yourself first! You should set aside approximately 3 to 6 months worth of living expenses to help with unexpected expenses. Finding a House Research available housing in the area you wish to settle. It must be in the USA .  Remember, you do not need to stay in the Otselic Valley area but all choices must reflect this decision.  We are now in a "buyer's market" so use the following sites to find...