Financing Adulthood
11A 2.2
Do Now:
How much do you think you would need to earn a year to meet your basic needs?
Place your mark on the line.
$10,000
$30,000
$50,000
$70,000
$90,000
Key Takeaway
Understanding the costs associated with adulthood will help me plan for my future career.
Different careers = different salaries and potentially different lifestyles
Fast Food Employee
Construction Worker
Graphic Designer
Family Doctor
Average: $23,000
Average: $38,000
Average: $50,000
Average: $220,000
Salaries: Gross vs. Net
Gross Yearly Pay: | Monthly Net Pay: (estimate after taxes) |
$30,000 | $1,900 |
$40,000 | $2,500 |
$50,000 | $3,100 |
$60,000 | $3,700 |
$70,000 | $4,300 |
$80,000 | $4,900 |
$100,000 | $5,900 |
Cost of Living Breakdown
Rent | $ 1,300 |
Utilities (water, heat, electricity, disposal) | $ 170 |
Internet | $ 60 |
Cell phone | $ 100 |
Transportation | $ 140 (public transportation only) |
Food | $ 250 |
Healthcare | $ 440 |
Household items/personal care | $ 40 |
TOTAL: $ 2,500
Salaries: Gross vs. Net
Gross Yearly Pay: | Monthly Net Pay: (estimate after taxes) |
$30,000 | $1,900 |
$40,000 | $2,500 |
$50,000 | $3,100 |
$60,000 | $3,700 |
$70,000 | $4,300 |
$80,000 | $4,900 |
$100,000 | $5,900 |
Student Discussion
Why might it be important to keep in mind the cost of living as you start to explore career pathways?
Did you learn any new information that surprised you?
Mentor Connection
My high point is…
My low point is…
2. If the amount of money you earned didn’t matter, what career would you choose to follow?
If the amount of money I earned didn’t matter, I would choose to...
Extend
What is one new thing you learned about your mentor?
Which part of your mentor’s response did you really like? Why?