College & Career
Level of Education Required - School
Bachelor Degree - Virginia Tech
Name and Location of Employer
215 S State St # 1000, Salt Lake City, UT
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)
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.
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.
Car Year, Make and Model 2000 Honda Civic EX 2-door
I borrowed $6,000 for 3 years and 10% interest.
Monthly payment $194
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.