Activity 6

Student Worksheet

40 hours/week x 52 weeks/year x $10/hour (typical minimum wage) = per annum salary $20,800.00

Expenses

• Apartment rental (with roommate) $600/month x 12 months = $7200.00
• Groceries $500/month x 12 months = $6000.00
• Car (lease or loan est.) $300/month x 12 months = $3600.00
• Car Insurance $750.00/year = $750.00
• Electricity and/or gas $100/month x 12 months = $1200.00
• Cable TV or Internet $40/month x 12 months= $480.00
• Phone $40/month x 12 months = $480.00
• Clothing $50/month x 12 months = $600.00
• Dental and medical (prescription) costs $250/year = $250.00
• Hair $10/hair cut x 1 cut /month x 12 months = $120.00

Subtract the expenses from the salary

How much money is left for entertainment, hobbies, gifts, emergencies, and/or raising a family?