Following are some general income figures
you may use to complete step 1 of the
budgeting final project.
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How Much Will You Make? |
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Unskilled - Non HS Graduate |
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Hourly |
Weekly |
Monthly |
Annual |
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$ 7.00 |
$ 280.00 |
$ 1,120.00 |
$ 14,000.00 |
|
$ 8.50 |
$ 340.00 |
$ 1,360.00 |
$ 17,000.00 |
|
$ 10.00 |
$ 400.00 |
$ 1,600.00 |
$ 20,000.00 |
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$ 11.50 |
$ 460.00 |
$ 1,840.00 |
$ 23,000.00 |
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$ 13.00 |
$ 520.00 |
$ 2,080.00 |
$ 26,000.00 |
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Skilled - HS Graduate |
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Hourly |
Weekly |
Monthly |
Annual |
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$ 11.50 |
$ 460.00 |
$ 1,840.00 |
$ 23,000.00 |
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$ 13.00 |
$ 520.00 |
$ 2,080.00 |
$ 26,000.00 |
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$ 14.50 |
$ 580.00 |
$ 2,320.00 |
$ 29,000.00 |
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$ 16.00 |
$ 640.00 |
$ 2,560.00 |
$ 32,000.00 |
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$ 17.50 |
$ 700.00 |
$ 2,800.00 |
$ 35,000.00 |
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$ 19.00 |
$ 760.00 |
$ 3,040.00 |
$ 38,000.00 |
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$ 20.50 |
$ 820.00 |
$ 3,280.00 |
$ 41,000.00 |
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$ 22.00 |
$ 880.00 |
$ 3,520.00 |
$ 44,000.00 |
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Technical School or College Grad - Starting Salaries |
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Hourly |
Weekly |
Monthly |
Annual |
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$ 16.00 |
$ 640.00 |
$ 2,560.00 |
$ 32,000.00 |
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$ 17.50 |
$ 700.00 |
$ 2,800.00 |
$ 35,000.00 |
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$ 19.00 |
$ 760.00 |
$ 3,040.00 |
$ 38,000.00 |
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$ 20.50 |
$ 820.00 |
$ 3,280.00 |
$ 41,000.00 |
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$ 22.00 |
$ 880.00 |
$ 3,520.00 |
$ 44,000.00 |
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$ 23.00 |
$ 920.00 |
$ 3,680.00 |
$ 46,000.00 |
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$ 24.00 |
$ 960.00 |
$ 3,840.00 |
$ 48,000.00 |
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$ 25.00 |
$ 1,000.00 |
$ 4,000.00 |
$ 50,000.00 |
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$ 26.00 |
$ 1,040.00 |
$ 4,160.00 |
$ 52,000.00 |
Here are some costs to think about.
Again, these are very general
and I had to make quite a few assumptions.
| How Much Does Stuff Cost? | ||||||
| Housing | ||||||
| 1 BR Apartments | $500 - 900 / month | |||||
| Depends a lot on location | ||||||
| House | ||||||
| $ 120,000.00 | $1000 / month | |||||
| $ 150,000.00 | $1200 / month | |||||
| Autos | ||||||
| $ 5,000.00 | car | $ 100.00 | / month | |||
| $ 10,000.00 | car | $ 200.00 | / month | |||
| $ 15,000.00 | car | $ 300.00 | / month | |||
| $ 30,000.00 | car | $ 600.00 | / month | |||
| Car Insurance | $ 90.00 - $150.00 / month | |||||
| Gas | $30 | per 300 miles | ||||
| Depends on how far you drive | ||||||
| Phone | $50 | |||||
| Food | $60 - 100 / week | |||||
| Electric | $50-150 | |||||
| Gas (Heating) | $100 - 200 | |||||
| Cable | $50 | |||||
| Cell Phone | $50 | |||||
| Student Loans | $100 per $10,000 borrowed | |||||
| Student Loans | Could be $300 or more! | |||||
| Credit Cards | Should always pay the entire balance off every month! | |||||
| Personal Loans | Could be up to $300 | |||||
| Other Things to Condsider | ||||||
| Cost of Furnishing Housing | ||||||
| Security Deposits | ||||||