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Seventh Grade Computer/Careers |
In your spiral-bound notebooks, you should have completed:
Your spiral bound notebook will be handed in for a grade. Please be sure it is neatly written, labeled and IN ORDER. Please see me if you have any questions.
We are continuing to work through our CareerZone outline. We are recording information obtained from www.nycareerzone.org and www.careercruising.com and will finish this project with a map of our Careers. In this map, the students will demonstrate skills using Word Drawing Tools and word processing skills.
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Rent/Mortgage
In this section, you will be deciding whether you will own your own house or if you will rent. Discuss with your teacher the difference between renting and owning your own dwelling. What do you think would be better? Why?
On the first line in your budget sheet, you will see “Mortgage/Rent”. Cross out the one that you will not be participating. For Example “Mortgage/Rent” which means you will be purchasing a home. Are there other costs involved in purchasing a home? What are they?
Your choices are:
Mortgage a dwelling
Large $1,500.00
Medium $1,000.00
Small $800.00
Rent a dwelling
Large $1,000.00
Medium $800.00
Small $550.00
Utilities
In order to simplify, utilities for both types of housing are:
Large $800.00
Medium $600.00
Small $450.00
Car Ownership
Car
You will choose from http://www.westherr.com/ your vehicle. Choose whether you want a new vehicle or a pre-owned vehicle. Discuss with your teacher advantages and disadvantages of both. Spend time in this site, but
DO NOT PUT ANY PERSONAL INFORMATION IN A FORM
Figure out what the down payment would be, and then what would your monthly car payments total? Discuss how you would fit it a down payment (it’s called savings) – you cannot borrow money from your parents or relatives. How many hours working a minimum wage job (this is BEFORE you begin your career) do you have to work to save up enough for this down payment?
Use West Herr Ford to give you gas price per month for your chosen vehicle.
Cable Television Costs
To simplify this project, please use the following costs:
Basic Television Cable $10.95, for Channels 2-19
If you want movie channels, please add $10.00 per movie channel for Basic + Standard or Digital.
Internet Costs
Basic Internet
(slower connection) $29.99
Standard
(faster connection) $39.99
Insurance
Please add $75.00 PER PERSON for insurance purposes. This will include fire, home, Accidental coverage. This does not include health insurance that should be covered by your place of employment.
Clothes
Include $40.00 PER PERSON to be used as needed and to save for future purchases.
Food
$75.00 per person in your family per month.
Household Items
$25.00 per person in your family per month. This can be used for miscellaneous purchases and unused portions may be “banked.”
Credit Cards
$75.00 per person in your family per month.
Daycare
If you have children, the month cost of day care, it is $700 per month. If you choose not to use daycare, you still need to budget $500 per month for babysitting.
Entertainment
You need to budget $50.00 per month for entertainment purposes. This would include movies, plays, and amusement parks. It could include a saving acct for family vacations.
http://www.finaid.org/calculators/loanpayments.phtml
Using this table, for simplicity reasons, you will be attending a NYS school. What is your MONTHLY payment, NOT your total loan payment.
2 year college:
$18,500 per year, so at the end of your two year degree, $37,000.
4 year college:
$25,500 per year, so at the end of your four year degree, $102,000.
6 years of college: (teaching, law or other program that you need a Master’s degree)
$25,500 per year, so at the end of your six year degree, $153,000
8 years of college (doctor, dentist, etc.)
$25,500 per year, so at the end of your eight year degree, $204,000
Using the above link please put in 3% interest rate, and minimum of 10 years for loan term. When you click on “Calculate” write down Monthly Loan Payment on your budget sheet.
Notice the difference between Loan Balance and Cumulative Payments. What are the advantages and disadvantages of taking out a loan?
Taxes
For your monthly income, take off 25% for taxes.
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Budget Sheet Summary
You need to write a Budget summary including what you learned, what surprised you and your overall reaction to the work that it takes to create and keep a budget.
This should be at least three (3) paragraphs long, double spaced with your heading on top of the page.
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Career Project Paper
After you have received a grade for your budget summary, the final part of this project will be writing your thoughts, findings and your overall reaction to the Career Project. Some of the information you need to write in this project, should be found in your spiral-bound notebook.
Each section should contain at least five sentences, but no more than ten sentences. You should check spelling, punctuation, and grammar. You should spell check your document as well as proofread for any typos or grammatical errors.
Attached is a sample Word document for you to see the set-up I am expecting.
NEED HELP DOWNLOADING:
Budget Worksheet
(doc file)
Excel Worksheet for Budget Computations
(xls file)
Career Project Summary Instructions
(doc file)
| xls file: You need Microsoft Excel to view this file. To learn more about this program before purchasing it, visit the Microsoft Excel website. Microsoft Office Compatibility Pack for Excel 2007 File Formats | |
| doc file: You need the Microsoft Word program, a free Microsoft Word viewer, or a program that can import Word files in order to view this file. To learn more about the free Microsoft Word Viewer, visit the Microsoft Word website. |
Laurie Jean Orszulak, MS. Ed.
Computer Education
