Get a life

1
Get a life!!
Introduction
Task
Process Pt1
Process Pt2
Process Pt3
Process Pt4
Evaluation
Conclusion

• A Personal Budget WebQuest
• By Mrs. Van Ark

2
Introduction

• Many of you have taken an after school job in
  order to have shopping money and gas money. Once
  you enter the work force after high school,
  college or the military you will have many more
  bills to take care of. This web quest is
  designed to have you start thinking about your
  future and realizing how much it is going to
  cost. Will your dream job be enough to cover
  your dream house and car. FIND OUT

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HOUSE
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BUDGET
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TASK

• It is time to start dreaming. Throughout this
  quest, you are going to find your dream house,
  car and job. Once chosen, you will determine the
  amount of your monthly payments. You will also
  be responsible for finding the cost of the other
  monthly bills in your budget. Will your job
  cover all your expenses? You are about to find
  out. If not you may want to rethink your future
  lifestyle.

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Process Part 1 Finding a job

• Often a first job determines where you are going
  to live. Sometimes it is the other way around.
  Either way, you must find a job. If you have not
  already decided your future career,
  www.bls.gov/search/ooh.asp?ctooh may be useful.
  The US governmental site has an index of careers
  with a detailed description of each. After
  finding your dream job, answer the job related
  questions on your worksheet. Make sure you
  discover how many years of education are required
  for this career. Remember that listed salaries do
  not yet have taxes taken out. You may assume
  that 28 of your salary will be taken out for
  taxes.

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Process Part 1 Finding a job

• Other useful sites
• www.careerbuilder.com
• www.monster.com
• www.collegeboard.org/career/bin/career.pl?/runleve
  lallall
• Also try newspaper sites from where you are
  relocating

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Process Part 2Finding a home

• You are not just finding a house you are finding
  a home. Using one of the sites below, find your
  dream house. Answer questions about the house on
  your worksheet. Print out the brochure of your
  house and attach it to your worksheet. Once you
  have found your house, use a real estate loan
  calculator to determine the monthly mortgage
  payment. You may assume that you are paying 7
  interest and extending your mortgage over 30
  years.

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Process Part 2Finding a home

• www.realtor.com
• www.homeseekers.com
• www.realestate.com
• www.searchforhomes.com
• www.century21.com
• www.nothnagle.com
• www.remax.com

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Process Part 2Finding a home

• Welcome to owning a home. Now its time to pay
  taxes!! On average, homeowners pay 4 the value
  of the house to taxes (property and school) per
  year.

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Part 3 Now its time to drive

• It is now time to find the car of your dreams.
  For many of us, we already have this part picked
  out. Now is your chance to see if that dream car
  is possible. You may find it easier to go
  straight to the auto manufacturers web page.
  Many of them have a design tutorial where you can
  make a dream car. Below are other sites that may
  be of use.

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Part 3 Now its time to drive

• www.autoweb.com
• www.autotrader.com
• www.microsoftautos.com
• www.edmunds.com

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Part 3 Now its time to drive

• Find a car loan payment calculator and find your
  monthly auto payment. You may assume the
  interest rate is 7 and the term for your loan is
  36 months. Do not forget to find the percent of
  sales tax for the location you chose to settle
  in. You will need to add sales tax to the car
  before finding a loan amount.
• http//thestc.com/ratecalc.stm will help you find
  the sales tax for your new car.

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Part 3 Now its time to drive

• You may also assume you have a 1500 down payment
  and no trade in. Once you have found your
  monthly payment, record it on your worksheet.

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Part 4 The other bills

• This may take more research than the previous
  parts. We are going to assume that you are
  entering your career debt free, no student loans
  or credit card bills. Besides your mortgage and
  car payment, you have many other bills. Your car
  will require gas and insurance. For your house
  you will have a gas bill and an electricity bill.
  You will also have water, sewage and garbage
  bills. Many of your will have a telephone bill
  (or two), cable and internet bills. You must
  research the cost of the bills above and others
  not given to you. Ask your parents, call local
  companies etc. for help.

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The Budget

• If you already pay for your own auto insurance
  use that figure but if not you will need to look
  up the average cost of insurance by state.
  Remember the listed rate is for a six month
  period. www.iii.org/media/facts/statsbyissue/auto

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Budget

• Dont forget you have to eat. Make a menu for a
  month and go to the store to determine your
  monthly cost.
• Research the rest of your budget. What other
  items will you spend money on? Will you have
  enough?

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Budget These sites may help

• www.collegeview.com/career/salary_info/money_101/b
  udget.jsp
• http//www.organizetips.com/budgetime.htm
• http//www.ourfamilyplace.com/budget.html
• http//www.toolkit.cch.com/text/p01_2150.asp
• http//credit.about.com/library/weekly/aa090800a.h
  tm?iamdpileterms2BFamily2BBudget2BPlans

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Part 5 Is it enough?

• Using your worksheet, determine if your job pays
  enough money to cover all you expenses. You may
  have to make a few hard decisions and decide if
  your previous choices are necessary. If you earn
  less than is necessary to cover your bills, you
  must go back and make chances until you can live
  within your means. If you plan to spend time out
  with friends, going shopping, going to the movies
  or having what you may consider a life, you will
  need money left over to spend on these things.

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Evaluation

• Besides handing in your worksheet, you will be
  presenting your findings to the class. You will
  be required to have a presentation tool of some
  sort. Grading for this presentation is based on
  the attached rubric. Be sure to explain any
  changes that you needed to make. The
  presentation will be part of your project grade.

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What to turn in

• 1. Worksheet and menu
• 2. Printouts (house/car)
• 3. Budget (chart, graph, explanation, etc.)
• 4. An explanation of your budget (typed essay
  form 2 pages
• How you came up with each figure
• Resources used (including URLs)
• Any surprises you incurred
• Any changes in job/house/car/budget you needed to
  make to stay out of debt
• A written description of your job, education,
  duties, etc.
• A reflection paper on your budget. What you
  learned about creating a budget, how realistic
  your budget was and whether you would be able to
  stick to it. Also include why you feel people
  too often go into debt.

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GRADE

• Worksheet, print out, budget 20 points
• Explanation 40 points
• Presentation 40 points

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Presentation Rubric

• 1. Students will present the project research
  including car prices, house prices, monthly
  income and calculations. 1 2 3 4 5 6 7 8
  9 10
• 2. Students will explain reasons for choosing a
  certain car, house and income. 1 2 3 4 5 6
• 3. Students will explain why their choice of
  house, car, and income allow them to pay their
  bills or why not. 1 2 3 4 5 6
• 4. Students will present the changes they made
  to be able to pay their monthly bills or explain
  why they didnt need to make changes
• 1 2 3 4 5 6 7 8
• 5. Students presentation was clear, concise
  and entertaining with visuals. 1 2 3 4 5
• 6. Classmate average 1 2 3 4 5

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Conclusion

• Necessity of planning was the purpose of this web
  quest. It is fine to dream big, hopefully you
  will realize how much work goes into making these
  dreams a reality. The future is yours to grab, do
  not be afraid to reach for the stars.

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