Name: ______
Education and Money Project (Part 1)
Pre-Algebra, Period: ______
Warm Up: How much per month do you think you need to live on?
Scenario: You are going to pick how you would want to live your life by choosing where you would want to live, what kind of car or cars you would like to drive, where you want to purchase clothing, and other life decisions. Then, we are going to calculate how much extra money you would have based on different degrees of education.
Survey: How Much You Need Per Month
Directions: Circle your answer choice for each number.
1. Choose where you want to live (where you live determines how many things you have access to – concerts, restaurants, museums, professional sporting events). If the city where you would like to live is not listed, choose a city below that closely resembles your city. CIRCLE ONLY ONE!
Richmond, CA (200)Albany, CA (400)Washington, DC (500)
New York City, NY (800)Los Angeles, CA (700)San Francisco, CA (800)
2. Choose what type of housing you want. CIRCLE ONLY ONE.
1-Bedroom Apartment (500)2-Bedroom Apartment (800)House (1200)
3. Where will you purchase your clothing? CIRCLE AS MANY AS YOU WANT.
Wal*Mart (30)Target (40)H & M (50)Abercrombie (80)
Macy’s (60)Nordstrom (100)Banana Republic (100)Sheikh (60)
4. What type of car will you drive? CIRCLE AS MANY AS YOU WANT.
1990 Used Car (150)2000 Used Car (200)New Car (300) Hybrid (350)
New SUV (400)New Truck (450)MiniVan (350)Motorcycle (100)
5. Cable TV & Internet?Cable TV (60)Internet (40)TV w/ Internet (100)
6. Cell phone plan?Just minutes (40)Minutes & text (50)Smart Phone (80)
7. Dining in or out? Let’s talk food. CIRCLE ONLY ONE.I like to cook (250)I go out (450)
8. Monthly bills? Yes! MUST CIRCLE THEM ALL.
Car insurance (80)Utilities: gas & electricity (100) Necessities: TP, soap, etc. (30)
Gas for your car (150)Sanitary (Garbage) (20)
Directions:Please fill out “What You Want” and “How Much It Costs”. Use your choices from the front.
Question: / What You Want: / How Much It Costs:1. Where do you live?
2. Type of housing?
3. Where do you buy your clothes?
4. What type of car (or cars) will you drive?
5. Cable TV & Internet?
6. Cell phone?
7. Food?
8. Bills! (Please list all of them)
Add up the numbers to find out how much you will need per month: ______
The amount you need per month: ______. This is the money you need just to survive. This does not include entertainment, travel or other shopping. You can only do those things if you have money left over!!!!
Quick Reflection:
From the warm up, how much did you think you needed per month to live on? ______
How does the amount you need per month compare to what you thought you would need to survive?
Name: ______
Education and Money Project (Part 2)
Pre-Algebra, Period: ______
Each scenario will show you how much money you can make in a year with various types of education. At the end of each scenario, we will also calculate how much money you will have left over for fun things like entertainment, traveling and shopping.
Scenario 1: You do not graduate from high school. Your average hourly rate is $9.
1a. Calculate your weekly salary.
40 hours a week: ______
1b. Calculate your monthly salary.
4 weeks in month: ______
1c. Calculate your yearly salary.
12 months in year: ______
Scenario 3: You go to 2 years of college and get your associate’s degree. Your average hourly rate is $19.
3a. Calculate your weekly salary.
40 hours a week: ______
3b. Calculate your monthly salary.
4 weeks in month: ______
3c. Calculate your yearly salary.
12 months in year: ______
Scenario 2: You graduate from high school. Your average hourly rate is $14.50.
2a. Calculate your weekly salary.
40 hours a week: ______
2b. Calculate your monthly salary.
4 weeks in month: ______
2c. Calculate your yearly salary.
12 months in year: ______
Scenario 4: You go to college for four years and graduate with your bachelor’s degree. Your average hourly rate is $26.50.
4a. Calculate your weekly salary.
40 hours a week: ______
4b. Calculate your monthly salary.
4 weeks in month: ______
4c. Calculate your yearly salary.
12 months in year: ______
Scenario 5: You go to extra college for 2 more years (4 + 2) and get your master’s degree. Your average hourly rate is $40.
5a. Calculate your weekly salary.
40 hours a week: ______
5b. Calculate your monthly salary.
4 weeks in month: ______
5c. Calculate your yearly salary.
12 months in year: ______
Scenario 7: You go to medical school for 4 years (4 + 7) to become a doctor. Your average hourly rate is $130.
7a. Calculate your weekly salary.
40 hours a week: ______
7b. Calculate your monthly salary.
4 weeks in month: ______
7c. Calculate your yearly salary.
12 months in year: ______
Scenario 6: You go to law school for 3 years
(4 + 3) to become a lawyer. Your average hourly rate is $78.25.
6a. Calculate your weekly salary.
40 hours a week: ______
6b. Calculate your monthly salary.
4 weeks in month: ______
6c. Calculate your yearly salary.
12 months in year: ______
Scenario 8: You go to a 4 year electrician apprenticeship and trade school. Your average hourly rate is $28.50.
8a. Calculate your weekly salary.
40 hours a week: ______
8b. Calculate your monthly salary.
4 weeks in month: ______
8c. Calculate your yearly salary.
12 months in year: ______
Name: ______
Education and Money Project (Part 3)
Pre-Algebra, Period: ______
Career Survey:
(Please answer the following questions in COMPLETE SENTENCES)
1. Would you pick a career based on how much money it pays or because you liked it? Please explain your answer.
2. If you had to go to school for a long time to be able to get the job you wanted, would you do it? Why or why not? How long would be too long for school (talking about college)?
3. Would you take a job that made you work long hours or overnight hours? How many hours a day would you like to be working?
4. How important is it to like the people you work with? Would you rather work with kids or adults?
5. Would you take a job that made you stressed out? How important is it to reduce stress?
careeroverview.com Explore Careers Salary Info
Scenario 9: ______
______
Your average hourly rate is ______.
9a. Calculate your weekly salary.
40 hours a week: ______
9b. Calculate your monthly salary.
4 weeks in month: ______
9c. Calculate your yearly salary.
12 months in year: ______
Scenario 11: ______
______
Your average hourly rate is ______.
11a. Calculate your weekly salary.
40 hours a week: ______
11b. Calculate your monthly salary.
4 weeks in month: ______
11c. Calculate your yearly salary.
12 months in year: ______
Scenario 10: ______
______
Your average hourly rate is ______.
10a. Calculate your weekly salary.
40 hours a week: ______
10b. Calculate your monthly salary.
4 weeks in month: ______
10c. Calculate your yearly salary.
12 months in year: ______
Scenario 12: ______
______
Your average hourly rate is ______.
12a. Calculate your weekly salary.
40 hours a week: ______
12b. Calculate your monthly salary.
4 weeks in month: ______
12c. Calculate your yearly salary.
12 months in year: ______
Name: ______
Education and Money Project (Part 4)
Pre-Algebra, Period: ______
Scenario / Monthly Salary / The amount you need per month / Money you will have left for entertainment, travel, shopping, etc.(1) No high school degree
(2) High school degree
(3) Associate’s degree (2 years college)
(4) Bachelor’s degree (4 years college)
(5) Master’s degree
(2 years extra college)
(6) Law Degree
(3 years of law school)
(7) Doctor
(4 years of medical school and 3 to 8 years of residency)
(8) Electrician
(4 year apprenticeship and trade school)
(9)
(10)
(11)
(12)
Project Reflection:
(Please answer the following questions in COMPLETE SENTENCES)
Part 1:
- Would you live in a less expensive city or a smaller house to be able to enjoy other things? Why?
- Would you consider giving up certain things to be able to live in a bigger city? Why would living in a large city be important to you?
- How much do you REALLY need to live on? What are some things you could do without?
Part 2:
- Were you planning on attending college before you started this project? Why or why not?
- What did you learn from this project that might have affected your decision about college?
Part 3:
- What career choice is your favorite and why?
Part 4:
- How much EXTRA MONEY do you think you need (per month)? ______
What career (that you like) would allow you to have some extra money left over every month?