Here is your chance to plan the perfect

life. You have goals and aspirations in life.

Hopefully you have chosen a career path
that will lead you to the life you want.
Do you have a plan to make your dreams
come true?
Let's find out what it will be like.

DIRECTIONS
1. Fill in the fields shaded yellow:
2. Use the tab key or point and click to advance through the
yellow shaded areas.
3. Move away from the last entry then Click on the Green arrows
to move forward or backwards.
4. These shaded fields calculate automatically:
5. Use this button to clear fields for new user:

Click Here to Begin

Career Choice
Please Type Your Name Here and press ENTER

ws

Taxes

Introduction

1. What is your career choice?

A. What will your yearly salary be?

Monthly Pay?
OR
Important: Only one entry in A or B!!
B. Maybe you will have an hourly job.

$0

2. From A or B above, your monthly salary:

0

$0
$0

Click here to research

local employers

Click here to research

salaries

Click here to do skill,

interest or ability
assessments

Salary / 12 Months

How much will you earn per hour?

Earned per month?
Earned per year?

Click here to research

careers

(Earned/Hr) (40 Hrs/Week) (4 Weeks)

(Earned per Month) (12 Months)

$0

Career Choice

Apartment

It is certain that you will pay taxes. Taxes are automatically taken out of your wages. There
are other taxes too that range from sales tax to property tax. If you earn less than $7300 you
will be taxed 10%. If you earn between $7300 and $29,700 you are taxed by the Federal
Government at 15%. If you earn over $29,700 you will be taxed at 25%. Higher tax brackets
exist but for much larger income brackets.

Your monthly salary is:

$0.0

Your tax bracket based on your annual income:

10%

Amount of taxes you will pay:

$0.00

Amount of monthly pay you will be able to keep after taxes:

$0.00

Amount of weekly pay you will be able to keep after taxes:

$0.00

For more information about tax rates

visit www.irs.gov by clicking here.

Taxes

Entertainment

Apartments website is www.apartments.com. Select an area to search. Narrow your search.

Choose price, # of bedrooms, # of baths, type of housing, then select "search now". Check
to see if there are pictures of your apartment.

Cost of the apartment or rental property

Think of other expenses you will have per month

Telephone (Minimum $30)
Food (minimum $200)
Electric
Water
Cable TV/DSL ($60/mo for both)
Cell Phone Plan (500 Minutes $39)
RENTAL INFORMATION
TOTAL EXPENSES PER MONTH:

EXPENSES AND APARTMENT:

0

$0.00

$0.00
UTILITIES INFORMATION

Car

Apartment
Car
What are your hobbies? Do you rent DVD's from Blockbuster? Do
you attend sporting events? Do you like to go out to eat? Estimate
what you would plan to spend on entertainment.
Eat at restaurant
Go to a Movie
Rent Movies
Trips to Wal-mart for non-essentials
Buying gifts for family, friends
Bowling
Sporting events
Concerts
Buy music, CD's or video games

TOTAL EXPENSES PER MONTH:

$0.00

Entertainment
Monthly Payment
Make/Model of Car
Year of Car
Total Cost of Car
How many years to pay it off?
Interest Rate
Monthly Payment for Car
Monthly Payment
Car Insurance Per Month
Car Insurance Per Year

Health and Misc

years

8%
$0.00

per month

$0.00

per year

Think about other monthly expenses

How many miles do you expect to drive a week?

per week

How much is gas per gallon?

How many miles per gallon can you expect

Monthly Gas Bill

Oil Change ($20 every 3000 Miles)
Misc
Total Other Car Expenses Per Month:
0

$0.00
$0.00

per month
per month
per month

$0

TENNESSEE FINANCIAL RESPONSIBILITY LAW

T.C.A. 55-12-139
Any
driver stopped for a moving violation or involved in a
traffic accident must provide evidence of financial
responsibility (Liability Insurance 25/50/10) from an
insurance company licensed to practice in Tennessee.
Failure to provide evidence of financial responsibility
is a Class C Misdemeanor punnishable by a fine of
$100 and suspension of Drivers License

180
166.67
0.925944
$0.00
$0.00
$7.41
#DIV/0!
#DIV/0!
0

Go To Higher Education

Car

Do you take medication? Will you have to pay for medical insurance? Will
you have dental insurance? Will you have to pay for eye glasses or contacts?
Do you have children and need child care?
Medical Insurance
Dental Insurance
Eye Care
Medications
Personal Care Attendant
Medical Supplies
Child Care

TOTAL EXPENSES PER MONTH:

Per Month
Per Month
Per Month
Per Month
Per Month
Per Month
Per Month
Per Month
Per Month
Per Month
Per Month
Per Month
Per Month
$0.00

Healthcare

Budget

***SKIP THIS SECTION: If you do not plan to continue your education!!!

GPA upon High School Graduation
Estimated Cost for One Year of College
How Many Years will you be attending college?
TN Lottery Scholarship (19 on ACT) $2000
Rough estimate of possible yearly financial aid

Use Chart Below

Estimated Cost of College after Financial Aid:

Estimated Monthly Payment for College Loans (10 Year Payoff):

0
$0

Use this chart as an estimate of school expenses

Type of School
Aproximate Cost
$1,112
Community College
State University or Technical School
Private College

$2,500
$25,000

Grade Needed to Get In

Pass Proficiency/Regular Diploma
Competitve Admission (Average 24-28 ACT,
3.28-3.95 HS G.P.A.)

2.0 GPA
STATE OF TENNESSEE
BOARD OF REGENTS

ESSEE
ENTS

Higher Education

Your Perfect Life

Monthly Salary After Taxes:

LIVING EXPENSE
Apartment or Rental
Living Expenses (Utilities,etc.)

Entertainment
Monthly Car Payment
Other Car Expenses
Car Insurance
Healthcare and Misc
College Payment

$0

$0.00

$ Remaining After This

Expense
$0.00

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

Cost/Month

Balance Each Month (Surplus or Deficit):

$0.00

A negative number or deficit would mean you are over budget and need to cut back on your expenses
and/or increase your income. A surplus or positive balance means you have decisions to make on how to
save or plan for a rainy day.

Back to Budget

Good luck in your career path!

You have plan to be a:

Your expected monthly salary after taxes will be:

You plan to drive a:
Your total Monthly Car Expenses will be:
Your apartment rent and expenses will be:
Your balance of left over funds each month will be:

$0.00
0

$0.00
$0.00
$0.00