Introduction
As an adult, you will have bills to pay. You bills can vary from household bills, such as electricity or water to bills for luxury items, such as a new car or a credit card. However, in order to pay your bills, you have to have an income! In this webquest, we will explore the options you have to pay your bills and see if you will be able to live within your means.
Task
Your tasks:
Pick a career and calculate your monthly income :
https://www.payscale.com/research/US/Country=United_States/Salary
Next, you need to pick and calculate your monthly payments for the following :
Rent: $580 per month
Utilities: $460 per month
Insurance: $1500 per quarter
Do you need a cell phone or the internet? Pick a carrier and calculate your monthly costs:
https://www.verizonwireless.com/
https://www.cricketwireless.com/
Create a meal plan for the month and calculate your monthly food cost:
https://mealplannerpro.com/meal-planning-calendar
Optional:
Vehicle payment?
Do you have people living in the same home as you? Do you split the rent, utilities and food costs? (if so, your roommate(s) only make $1525 per month) (MAX of 2 roommates)
Would you rather buy instead of rent? Look for houses for sale in your area, calculate your monthly payment with a 12% interest rate per month.
Process
You are calculating on a MONTHLY basis.
Each month has 4 weeks.
It is important to remember that you must add and divide your income and expenses as necessary.
Evaluation
I will evaluate you on the likelihood of your career and your ability to live within your means.
Conclusion
By understanding how living within your means is important, you will better understand how your career will influence everything you do. Being an adult means that you have responsibilities; that includes paying your bills.