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Published byRoss Mason Modified over 9 years ago
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Career Development1 Personal Budget phs
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Career Development2 Salary Paycheck –Deductions: Taxes Child Support Social Security Retirement Insurance
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Career Development3 Living Expenses Fixed Costs –Rent –Basic Utilities/Phone –Insurance –Minimal Food –Minimal Clothing
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Career Development4 Living Expenses Variable Costs –Transportation –Cable –Entertainment –Miscellaneous –Added Food and/or Insurance –Added Utilities
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Career Development5 Large Costs Rent: –2 Bedroom - $600+ Possibly use roommates to lower costs Cost will vary depending on location and size –Utilities included? –Deposits? –Renter’s insurance
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Career Development6 Large Costs Automobile: –Most consumers buy 60 mo. –Leases difficult with limited credit –Older cars = shorter terms –$.25/mile maintenance –Sports cars/SUV/Trucks = high insurance –Financed cars require complete coverage
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Career Development7 Smaller Costs Utilities –Water, Gas, Electricity Electricity ranges from $50-150/mo. Gas ranges from $10-50/mo. Water ranges from $10-30/mo. Phone Basic service - $15/mo.
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Career Development8 Smaller Costs Television –Basic Cable - $30 –Wireless - $25 Food –Weekly - $50-75 –Daily fast food = $150+ –Personal necessity items must be added
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Career Development9 Smaller Costs Clothing –Depends on style and job Entertainment –Depends on interests Miscellaneous –Envelopes, Broom, Extension Cord
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Career Development10 Other Factors School Loans Child Support “Start-Up” Items –Television –VCR –Telephone –Vacuum
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Career Development11 Goals & Objectives Five-year goals –State specific measurable objectives Home; Family; School –State salary objectives Be realistic within chosen career –State savings objectives Need 3 mo. Salary minimum
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Career Development12 Key Issues How to get started Career Requirements
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