Reality Budget Check
Learning financial responsibility is important.
#1 – List your top 3 interest areas in order of importance and list the number/score after. (artistic, conventional, enterprising, investigative, realistic, social)
- Investigative -26
- Social - 23
- Artistic - 18
#2 – Find 3 possible career choices you are interested in. List the career, the beginning salary, and the education needed.
- Clinical Psychologist - $40,520/year - Ph.D, M.D, or J.D (about 8 years)
Health Specialty Reacher - $109,030/year - Ph.D, M.D, or J.D
Psychology Teacher - $42,080/year - Ph.D, M.D or J.D
#3 Choose your county and list all monthly expenses
COUNTY: Riverside County
Expense / Monthly Cost
Cell Phone $40
Utilities: gas, electric, water, trash $170
Home Phone $15
Total monthly expense: $3,576
Annual Salary needed for lifestyle: $49, 453
#4 What would be your first career choice and what is the beginning salary of that career?
#5 Compare the cost of the lifestyle you want to live with the annual salary that you expect to earn. Are you going to be able to afford your lifestyle? Explain your answer.
#6 What adjustments would you make if your salary was not enough to accommodate your desired lifestyle? (changes to your lifestyle or change your job?) Explain your answer.
#7 Choose 3 of the monthly expenses recorded above and compare them to the ACTUAL AMOUNT your parents pay each month. List the expense, the actual amount, and a 2 sentence comparison for each
Expense 1: Internet
Parent:$30 Me: $50
At home, we have a basic internet speed since we all have service on our phones. But when I have my own house I'd probably use a higher speed internet, it depends.
Expense 2: Food
Parents: $400 Me: $250
There are 3 kids in my family including an uncle who lives with us (basically 4 kids). More money is spent depending on how many people you have at home.
Expense: Home Phone
Parents: $14 Me: $15
I don't think anyone has a fancy home phone service/carrier, it may depends on how many phones you have. I don't plan on having more than one phone, and these numbers are pretty close.