Personal Budget Project
Students will prepare a personal budget that summarizes typical monthly expenses for a single person, living alone and newly entering the job market. The project will take place over several weeks and will involve work to be done both at school and at home. The following is a brief summary of the steps involved in completing the project. More detailed instructions will be given in class. Attendance is important to the completion of this project.
Assembly of Project: Place rubric on top of project. The Career Summary with documentation is next, followed by the Tax Worksheet/1040EZ. The Personal Budget Worksheet and the Budget Think Sheet is next. The Compounding Interest Worksheet is next. The remaining pages of the project are documentation that explain where the numbers came from for the budget. These pages should follow the order of the Personal Budget Worksheet. Place in the upper right corner of each page of documentation the letter that corresponds to the Personal Budget line item. For example, the advertisement that lists the apartment rent (and whether utilities are included) should have the letter “A” in the upper right hand corner of the page. Make sure to highlight the appropriate information on the advertisement (rent, statement about utilities, etc.). Documentation must be provided for each line item included in the budget. Hand-written documentation is accepted for some items like food and car maintenance estimates, but is generally discouraged. A better grade is earned for documentation that reflects the student’s effort to research and obtain objective estimates of expenses. The total project is worth 100 points. Due to the time constraints at the end of the semester, LATE PROJECTS WILL NOT BE ACCEPTED. PROJECTS MUST BE TURNED AT THE BEGINNING OF THE CLASS ON THE DATE DUE.