Budgeting Assignment | Custom Homework Help

My Budget

Starting Salary

Item Monthly Yearly
Salary

Payroll Deductions

Item Monthly Yearly
Federal Tax
State Tax
Medicare and Social Security
Health Insurance

Total Deductions and Take-Home Pay

Item Monthly Yearly
Total Payroll Deductions
Take-Home Pay

Necessary Expenses

Item Monthly Yearly
Rent
Food
Electricity
Phone
Car Payment
Car Insurance
Gas
Car Maintenance
 
 
 

Discretionary Expenses

Item Monthly Yearly
Internet
Clothing
Entertainment
Decorating
Vacation
 
 
 

Total Expenses

Item Monthly Yearly
Total of all Expenses

Savings

Item Monthly Yearly
Emergency Fund
Retirement
House Down Payment
 
 
 

Total Savings

Item Monthly Yearly
Total Savings

Summary

Item Monthly Yearly
Total of Expenses and Savings
Take-Home Pay
Difference

This Signature Assignment assesses the following skills in addition to your knowledge of the Financial Literacy material.

  • Critical Thinking Skills – to include creative thinking, innovation, inquiry, and analysis, evaluation and synthesis of information.
  • Communication Skills – to include effective development, interpretation and expression of ideas through written, oral and visual communication.
  • Empirical and Quantitative Skills – to include the manipulation and analysis of numerical data or observable facts resulting in informed conclusions.

The assignment is divided into two sections: the rough draft and budget worksheet, and the final draft which includes the work from the rough draft and budget worksheet.

Part 1: Background (one paragraph)

Write a paragraph describing the average salary for a high-school graduate with no further education who works in your geographical area. Support this paragraph with at least one source. Include in your paragraph at least three reasons you are seeking higher education.

Part 2: Future considerations (two paragraphs)

Write a paragraph describing your employment plans after graduation. Address each of the following questions, supporting your factual statements with sources. What job title will you seek? Why do you want this job? What training and education is required for it? What is the difference between the salary of a high-school graduate in your geographical area and a person in your desired position and location?

Write a paragraph describing the average cost of living in your desired location. Support this paragraph with at least two sources. Address each of the following questions. What is the average cost of rent? Utilities? Transportation? Healthcare?

Part 3: Develop a budget (two paragraphs and a worksheet)

Find three Internet sites that provide budgeting advice. Write a paragraph summarizing basic budgeting information, supported by those three sources.

Estimate your future bills based on the information you gathered in Part 2 and complete this budget worksheet

Actions

. Make sure your budget is balanced, you shouldn’t spend more than you’ll be making!

Write a paragraph summarizing your future budget.

Part 4: Submit a rough draft

Convert your five paragraphs and budget worksheet to a single .pdf and upload it to Canvas. You should expect to have about a page and a half of writing, two pages for the budget worksheet, and a bibliography. Your rough draft should meet the following formatting guidelines:

  • do not include your name in your document
  • no cover page
  • twelve point font
  • one inch margins
  • double-spaced
  • use APA formatting
  • only submit one file

You will be assigned three papers to peer review. Your feedback will be due to your peers no later than two weeks after the due date for the rough draft and budget worksheet.

Your rough draft, budget worksheet, and peer reviews will be 20% of your total Signature Assignment grade.

Rubric

MATH 1301 Peer Review for Rough Draft and Budget

MATH 1301 Peer Review for Rough Draft and Budget
Criteria Ratings Pts
This criterion is linked to a Learning OutcomeBudget

Is it balanced? Is anything missing? What changes, if any, do you recommend making?

5.0 pts
This criterion is linked to a Learning OutcomeFormatting

Is it a single file with 12-point font, one inch margins, double-spaced?

5.0 pts
This criterion is linked to a Learning OutcomeBibliography

Is it included?
Does it contain the required number of sources?
Is it formatted correctly?

5.0 pts
This criterion is linked to a Learning OutcomePart 1

Is all the information there? Is it supported by sources? Include any additional recommendations.

5.0 pts
This criterion is linked to a Learning OutcomePart 2

Is all the information there? Is it supported by sources? Include any additional recommendations.

5.0 pts
This criterion is linked to a Learning OutcomePart 3

Is all the information there? Is it supported by sources? Include any additional recommendations.

5.0 pts
Total Points: 30.0

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