Moving Out

In Glogpedia

by MariaWrites
Last updated 6 years ago

Discipline:
Social Studies
Subject:
Economics
Grade:
11

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Moving Out

Step 1: PredictionMake a list of 20 things you will need to live on your own, calculating the cost of each item.

The Basics of Living

Moving Out

Using your local classifieds, rent.com or rentals.com, find an affordable apartment. Be sure to check if utilities (which ones) are included. Estimate the cost of rent and utilities per month. HINT: Call utility companies as needed. Keep a list of your sources.

THe Housing

Step 2: IncomeUsing careerbuilder.com, monster.com or classified in your local newspaper, look for a local job that a high school graduate with entry level experience can get.Remember that you must select a job for which you are qualified. Keep a list of your sources (newspapers and copies of the ads).Be sure to estimate wages/tips at monthly amounts, and to estimate 30% for all taxes.

The Job

“At the high school level, many students have one goal in life: They want to move out! Here is a chance to see what moving out is all about.”

$$ Earned/ $$ Spent

Check your work!

The Final Product

Prepare a monthly budget based on salary and expenses. You may use any excel or google spreadsheet for this. HINT search for templates to cover all expenses and remember that templates may include income or expenses you will not have...................................................................

Besides housing, did you consider the other twenty items on your list? Metro train/bus passes, car expenses, including gas, registration, repair and insurance. Make sure the math adds up! Can you live off this?.........

Budget Template Instructions are attached. You can also find them in the Assignments and Docs of the course.Also attached is the Final Reflection Paper Template. It is also found in the Assignments and Docs of the course.

View Video on Budgeting

Grocery Budget

Create a menu and grocery list and a menu for a week. Use walmart.com to search for prices. Estimate a weekly budget for groceries and multiply by the number of weeks in a month (about 4.2). Put this on your budget. Don't forget toiletries and cleaning supplies!............................................................................

Could you support yourself if you moved out now?


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