Budgeting is a tool that helps you plan where your money gets spent. It is a process that allows you to determine whether or not you will have the funds to do the things you want to do.
Budgeting is a tool that helps you plan where your money gets spent. It is a process that allows you to determine whether or not you will have the funds to do the things you want to do. You can use this tool to focus your spending on the things that are most important to you.
Initial Response Post:
Do an internet search and find the starting salary for the job you hope to get with your degree. In your post describe your profession and what starting salary you found and include the internet link. Deduct 25% from your starting salary for taxes/insurance/etc. Take what is left and divide by 12 to get your monthly take-home pay.
Next, create a budget. Estimate what percentages you will need to spend on the following categories: Housing, Insurance, Food, Utilities, Transportation, Giving/Saving, and Personal. Your percentages must add up to 100% and you must have at least 5% for each listed category.
Apply your estimated percentages to your monthly take-home pay to determine the dollar amount you can spend in each category.
Did your results surprise you in any way? Explain.
Review an example of an initial response for this Discussion.
Peer Reply 1:
Your classmate is doing such a great job at his/her new profession that s/he is getting a 10% raise! Find a classmate’s initial post that has not yet been replied to by a fellow classmate and reply to his/her initial post. In your reply, calculate his/her new salary. Congratulate your classmate on a job well done.
Using several sentences, discuss how you would allocate the new funds in the budget your classmate has created.
Review an example of a peer reply 1.
Peer Reply 2:
Find a thread in the Discussion Board that you find interesting and join the conversation. Post several sentences on this topic that are thoughtful and advance the discussion mathematically.
Discussion Overview/Directions
In this unit’s Discussion, you will interact with your classmates on the course content. Remember, your goal for Discussion Assignments is to ensure that:
Responses are on topic, original, and contribute to the quality of the Discussion.
Responses make frequent, informed references to unit material.
Responses are clearly written.
You submit two or more Discussion Board replies to classmates as described in the Discussion Question that are thoughtful and advance the Discussion.
Keep in mind that when you post, you should include references to the textbook and any material found online. The class is all about sharing knowledge, so use Discussions as a way of creating a community resource for yourself and your classmates.
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