1 / 15

MY PROJECTED LIFESTYLE

MY PROJECTED LIFESTYLE. Melanie Jones. Aspiring Career Field. Preschool Teacher Potential Employer Memphis City Schools. Melanie’s Profile. First Year Teacher with a Bachelors Degree Single One allowance Paid semi- monthly Annual Salary : $45,741 Monthly Salary : $3,811.75.

jael-knapp
Download Presentation

MY PROJECTED LIFESTYLE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MY PROJECTED LIFESTYLE Melanie Jones

  2. AspiringCareer Field • PreschoolTeacher • Potential Employer • Memphis City Schools

  3. Melanie’s Profile • First YearTeacherwith a BachelorsDegree • Single • One allowance • Paid semi-monthly • AnnualSalary: $45,741 • MonthlySalary: $3,811.75

  4. Melanie’s Deductions • Monthly Gross Pay: $3,811.75 • Deductions: • FederalIncomeTax: $512.00 • Social Security: $236.33 • Medicare: $55.27 • Health/Dental/Life Insurance: $90.00 • Retirement: $190.59 • Total Deductions: $1,084.19 • Monthly Net Pay: $3,811.75 - 1,084.19 = $2,727.56

  5. Melanie’s Part-time Job • Monthly Net Paywith Memphis City Schools • $2,727.56 • MonthlyStipendfrom Part-time Job: • $400

  6. Take-home pay Net Pay Disposable Income $3,127.56

  7. 10% of net pay SAVE SAVESAVESAVESAVE $312.76

  8. The Bristol on Union • 205 Pasadena Pl Memphis, TN 38104 • One Bedroom, One Bath • 890 sq ft • $890.00 • Amenities • Utilities include water • Washer/Dryer Hookup • Microwave • Dishwasher • Spacious Closet(s) • Dining Area • Separate Kitchen • Cable-Ready • Sunroom • Central air-conditioning

  9. Utilities • $200.00 est.

  10. Car Payment • 2011 Nissan Altima 3.5 SR • Silver Exterior • Black, leather interior • 32 MPG • $24,740 • Est. Monthly Payments • 592.43

  11. Car Insurance • $79

  12. Renters’ Insurance • $25

  13. Continue adding slides for all expenses…fixed and variablebe creative with pictures and informationinclude cost of EACH expense…BE SPECIFIC ABOUT AMOUNT OF EXPENSE

  14. Budget Balance Total Income $3,127.56 Total Expenses - 3,048.76 Cash Surplus $ 78.80 Allocation of Surplus: Savings $ 50.00 Pocket change 28.00 Coin savings - 0.80 BALANCE $ 0.00

  15. Resources • Google search or go www.bls.gov/oco to research for earnings you could possibly make in your aspiring career field • To figure Federal Income Tax withholding, see tax table: • www.schoolrack.com/carverbusinessteacher • Click on “files” • Open “Tax Withholding Table” file • Tax tables begin on page 38 (be sure you use the appropriate tax table) • Use appropriate percentages for… • Social Security • Medicare • Retirement 5% • Apartment (www.apartments.com) • Utilities $200.00 • Car payment (www.bankrate.com) • Insurance (Progressive, Geico, All State, State Farm, etc.) • Renters Insurance $25.00 • Telephone (AT&T, Verizon, Cricket, T-Mobile, etc.) • Cable (Comcast, Direct TV, etc.)

More Related