College & Career

Job Title

Civil Engineer

Level of Education Required - School

Bachelor Degree - Virginia Tech

Starting Salary

$52,570

Name and Location of Employer

Mining Hydrologist

215 S State St # 1000, Salt Lake City, UT

Employment Outlook

Employment of civil engineers is expected to grow 19 percent from 2010 to 2020, about as fast as the average for all occupations.

What They Do

Civil engineers design and supervise large construction projects, including roads, buildings, airports, tunnels, dams, bridges, and systems for water supply and sewage treatment.

        

                        

Post College Finances

A Civil Engineer makes $52,570 as a starting salary and my single person tax rate is 25%.

I pay $10,901  per year in federal income tax.

My monthly salary is $4,273

I pay $908 per month in federal income tax.

I pay $224 per month in state income tax.

I pay $357 per month for social security and medicare.

Total monthly deductions are $1,490

Monthly salary, $4,273 minus monthly deductions, $1,489, leaves a monthly net income of $2,786.

College Debt (To find your college debt, multiply your net income by .75)

$50,370*50%=$25,185

My college debt is $25,185. According to the loan calculator, if I pay $250 per month on my student loan, I will pay it off in 8 years, 2 months with a total of $5,471 paid in interest.

Housing

I found an apartment to rent in Bountiful Utah at Springwood on 1230 South 500 West Bountiful, Utah. I pay $688 per month. My commute to work is about 15 minutes.

Transportation

Car Year, Make and Model                2000 Honda Civic EX 2-door

Cost                                $6,000

I borrowed $6,000 for 3 years and 10% interest.

Monthly payment                        $194

Savings

My savings is 10% of my net income. This is $320 per month.

My Future Budget

Here’s a link to my budget. You can use this document as a template for your budget. You will also create a Food and Household budget as part of your overall budget.