Money:  How much will you need?

    Brad, Fred and Jennifer are three friends who made different career choices. Look at their expenses and see what they each buy in a month. In the spaces on the right, list the amounts you think you will spend in a month. Then look at the average hourly wage of your career choice in the Career Menu on pages 8-17. Multiply the average hourly wage by 173 to get your monthly salary. Does your career choice allow you to buy all the things you want?

BRAD FRED

JENNIFER

YOU

IMPORTANT STUFF

          
Housing1

$300

$500 $800          ________
Electricity

$40

$50 $70 ________
Car2 $200 $300 $500 ________
Insurance $70 $100 $100 ________
Phone$30$40 $50 ________
Groceries $200 $210 $230 ________
Toiletries $30 $40 $60 ________
Credit Cards $50 $100 $200 ________
Student Loan None None $200 ________
COOL STUFF
Cable T.V. None $40 $40 ________
Clothes $40 $90 $150 ________
Entertainment $50 $100 $200 ________
Travel None $30 $150 ________
Total Expenses $1,010 $1,600 $2,750 ________
CAREER CHOICE BANK TELLER

DRYWALL INSTALLER

ELECTRICAL ENGINEER

(Entry Level)

(Skilled Level)

(Professional Level)

Monthly Salary3 $1,450 $2,750 $5,100 ________
 - Taxes (23%) $330 $630 $1,170 ________
Take Home Pay $1,120 $2,120 $3,930 ________
 - Total Expenses $1,010 $1,600 $2,750 ________
Savings

$110

 $520 $1,180 ______


1 Brad rents a one bedroom apartment; Fred owns a three bedroom home; Jennifer owns a five bedroom home.
2 Brad drives a used car; Fred and Jennifer both drive new vehicles.
3 To figure your monthly salary, multiply the average hourly wage of your career choice from the Career Menu times 173.


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