Mathematics of Money Final Project
Research a starting salary for a job within your field of study that you might apply for once you graduate from college or graduate school.
Choose one of the 3 budgets from the videos provided and create a budget that takes all of the following into account:
Evelope Budgeting: https://www.youtube.com/watch?v=hLXk0Y7Y6UI&authuser=1
**50-30-20 Budgeting: https://www.youtube.com/watch?v=wHA_lmsaryE&authuser=1
Zero-Based Budgeting: https://www.youtube.com/watch?v=PvErAzTOwk4&authuser=1
Income Taxes (Calculate how much of your salary would go toward income taxes)
Retirement Contributions (Calculate how much of your salary you would put toward retirement contributions)
Car payment (Decide which car you would buy/ lease and calculate your monthly payment)
Student loans (If you predict how much you will owe upon graduation, you can use the monthly payment formula to determine how much your payments will be)
Rent or Mortgage payments
Utilities (Gas, electric, water, cable internet, etc.)
Cell phone
Food
Clothes
Gasoline
Entertainment (Eating out, Netflix, movies, etc.)
Something you want to save up for (a trip, furniture, dirtbike, etc.)
Extras (Gym Membership, car washes, Starbucks, Wawa, etc.)
Make a working Google Sheet that includes this information that is user-friendly and professional looking.
Create a corresponding Google Doc with all calculations (or note that calculation is done by spreadsheet) and justifications/ rationale for each line of your spreadsheet.
Final Project Explanation Video: https://www.loom.com/share/fdfdccb95665481fb08a0e88cc9f5707
Final Project Correction: In the video, there is a mistake. I show you calculating your take home (Net) income by subtracting your total taxes from your taxable income. This is incorrect. You should subtract your total taxes from your total (gross) income. Please make sure to calculate your net income by taking your total income minus the taxes calculated.
***If one of the categories above does not apply to you or you don’t want to use your own information, please make up realistic amounts to use***
Category: Mathematics of Money
Mathematics of Money Final Project
Research a starting salary for a job within your field of study that you might apply for once you graduate from college or graduate school.
Choose one of the 3 budgets from the videos provided and create a budget that takes all of the following into account:
Evelope Budgeting: https://www.youtube.com/watch?v=hLXk0Y7Y6UI&authuser=1
**50-30-20 Budgeting: https://www.youtube.com/watch?v=wHA_lmsaryE&authuser=1
Zero-Based Budgeting: https://www.youtube.com/watch?v=PvErAzTOwk4&authuser=1
Income Taxes (Calculate how much of your salary would go toward income taxes)
Retirement Contributions (Calculate how much of your salary you would put toward retirement contributions)
Car payment (Decide which car you would buy/ lease and calculate your monthly payment)
Student loans (If you predict how much you will owe upon graduation, you can use the monthly payment formula to determine how much your payments will be)
Rent or Mortgage payments
Utilities (Gas, electric, water, cable internet, etc.)
Cell phone
Food
Clothes
Gasoline
Entertainment (Eating out, Netflix, movies, etc.)
Something you want to save up for (a trip, furniture, dirtbike, etc.)
Extras (Gym Membership, car washes, Starbucks, Wawa, etc.)
Make a working Google Sheet that includes this information that is user-friendly and professional looking.
Create a corresponding Google Doc with all calculations (or note that calculation is done by spreadsheet) and justifications/ rationale for each line of your spreadsheet.
Final Project Explanation Video: https://www.loom.com/share/fdfdccb95665481fb08a0e88cc9f5707
Final Project Correction: In the video, there is a mistake. I show you calculating your take home (Net) income by subtracting your total taxes from your taxable income. This is incorrect. You should subtract your total taxes from your total (gross) income. Please make sure to calculate your net income by taking your total income minus the taxes calculated.
***If one of the categories above does not apply to you or you don’t want to use your own information, please make up realistic amounts to use***