1. The Price of Independence Your family has been providing for you and supporting you your whole life. Soon you will be independent and supporting yourself… Surviving your first year in the “Real World”

2. HOUSING Will you share your apartment with a roommate or do it on your own?

3. Housing Suburbs $700-$1,000 Cities $800-$1,200 Out State MN $400-$600Apartmentfinder.com

4. Some landlords cover the cost of water, garbage, and heat Electric bill Utilities 1BR: $25 2 BR: $40 Xcelenergy.com

5. Cell Phone ($50-$75) Text/Pic ($5-$10) Data Plan ($30) Internet ($30-$45) Landline ($25 Basic) * Other charges may include long distance and overages Communications $50 - $150 Verizon.comQuest.com

6. Misc Items $100 - $250 Services Household Personal

7. Food $200 - $450 jobsnowcoallition.org $200 - $450 jobsnowcoallition.org Grocery Shopping Dining Out Convenience Foods

8. Transportation Transportation $100 - $400 Car payment Public transportation Parking

9. Routine servicing Repairs accessories Car Maintenance $50 - $100

10. Rates can vary depending on… Where you live Type of car Age Gender Driving record Car Insurance Good $141 / $178 Good $141 / $178 Not Good $183 / $217

11. Gasoline costs will vary based on What you drive How far you travel Where you live Gasoline $100 - $250

12. Cost will depend on: Work Everyday Activities Clothing $50 - $400

13. What do you like to do for fun? Music, movies, books, magazines Memberships, licenses Vacations Entertainment $100 - $250 DirectTV.com

14. Will you receive health insurance through your employer? Medical Expenses Employer Medical - $120 Employer Dental - $34 Individual - $125

15. Experts say you should put away 10% of each paycheck into a savings account. Savings $100 - $200

16. They can work for you or against you! Credit cards can be useful… – Credit Rating – Emergencies – Internet Purchases/Security – Travel Credit Cards

17. If you have credit cards, pay them off IN FULL every month! Credit Card Expense $0 $0

18. Let’s total the damages… Any Questions?

19. 1.Add your monthly expenses 2.Multiply your total monthly expenses by 12 3.Multiply your yearly expenses by 1.25 4.Divide your gross income by 2,000 Dollars per Hours Formula

20. Do you have the skills RIGHT NOW to be paid the hourly wage you calculated? Do you have the skills RIGHT NOW to be paid the hourly wage you calculated? Is that the kind of job you want? Is that the kind of job you want? The Price of Independencee is not always cheap

21. Higher Education is KEY! “Today’s Preparation Determines Tomorrow’s Achievement.”