ON MY OWN
On My Own Final Draft.doc | |
File Size: | 99 kb |
File Type: | doc |
Part I. Getting a Job
- Interviews. One of the best ways to research jobs is to interview people in a particular field of interest. You are required to interview at least two people (at least one from your primary field of interest). You must document these interviews by stating whom you interviewed, why you interviewed them, the questions asked and answers given, and what you learned from the interviews. Make sure the questions asked go deeper than one-word responses! (# Of questions should range from 7 to 15)
- Finding a Job. You must find a real job. You can look through the classified ads, or the Internet (links below). You must attach a copy of the ad or a letter from a firm stating its willingness to hire you (working for your dad or friend). You must document/record the specific job and the salary. You must also include a short commentary/explanation on why you accepted this job. (This is fake you are not really going to apply)
- Resume. Create a resume for yourself being as accurate as possible to your own life. You may only include aspects of your life that you anticipate being involved in during the next four years, but have not yet done. (Ex. Extracurricular activities, summer jobs, college, etc.) Use the format discussed in class.
- BYU Career Center - There are a variety of samples.
- University of Virginia - A helpful resource.
- Cal State Fullerton - More samples.
- CSU Chico - Helpful resources and example.
- Cover Letter. You must draft a cover letter to send with your resume to prospective employers. The letter should not exceed one page and should set forth why you would be a good candidate for the particular position. (Fake)
- University of Virginia - Helpful resources.
- Cal State Fullerton - More helpful resources.
- CSU Chico - Helpful resources and examples
cover letter for functional resume on my own.docx | |
File Size: | 28 kb |
File Type: | docx |
Part II. Calculating Monthly Disposable Income
- Social Security Tax. To determine how much you will pay in social security taxes, multiply your gross income by 6.2%(0.062).
- Example: $50,000 x 6.2%(0.062) = $3,100.
- Medicare Tax. To determine how much you will pay in Medicare taxes, multiply your gross income by 1.45% (0.0145).
- Similar to SS: $50,000 x 1.45%(0.0145) = $725.
- Federal Income Tax. You will need to go to a website online to get an estimate. A user-friendly website for this is www.smartasset.com and search “Federal Income Tax Calculator”
- California State Income Tax. You will need to go to a website online to get an estimate. A user-friendly website for this is: www.smartasset.com and search “California Income Tax Calculator”
Part III. Calculating Monthly Expenses
You must document your expenses for one month in current dollars, as follows. Show a running calculation of your expenses as they are subtracted from you total monthly disposable income. You do not have to purchase everything below, but only those things that you realistically anticipate purchasing.
You must document your expenses for one month in current dollars, as follows. Show a running calculation of your expenses as they are subtracted from you total monthly disposable income. You do not have to purchase everything below, but only those things that you realistically anticipate purchasing.
- Housing. Document monthly rent with an ad, letter from a housing broker, or lease application. You may wish to visit some apartments before deciding on one, though you are not required to do so. If you are going to live at home then it is $500.
- Furniture. Some rental residences come pre-furnished (it would stipulate it in the ad). Otherwise, you may either purchase furniture (new or used) or rent furniture. Document with specific ads or quotes from stores. (Divide the cost by 12, that is how much it would be a month)
- Food. One month’s plan in detail: consider Markets, specialty stores and eating out. Document with some store receipts or specific store prices.
- Transportation. Document with an ad, receipt, or quote from a specific store/station. Type of car-model, year; gas (document per gallon price); oil (should be changed every three months; to calculate monthly charge, divide price of an oil change by 3); car wash; repairs (suggestion: research how much money people spend on average per year and divide by 12), yearly inspection fee (divide by 12), license and registration fee (suggestion: quote from a Department of Motor Vehicles for the year, and divide by 12); and parking.
- Utilities. For each of the following, document with direct quotes from specific companies (ask for written rate sheets) or actual current bills: telephone, gas, electricity, water, cable, and installation fees.
- Insurance. Car (document with quote from company based on the car you described; assume you’re 22 years old, and use your actual driving record); medical (document with a quote from company; note that some jobs include medical benefits, so inquire about yours); life insurance, earthquake insurance, or other types of insurance are optional.
- Entertainment. Whatever you desire: gym membership, recreation, movies, tapes, videos, etc. Document with current receipts or direct quotes from stores/theaters/etc.
- Clothes. Work Wardrobe? New clothes? Estimate monthly clothing expenses. Laundering expenses (dry cleaning, laundry machines): document with ads or direct quotes.
- Hobbies/incidentals. Document with receipts or quotes from specific stores (cosmetics, hair care, toiletries, cleaning supplies, garbage bags, laundry, detergent, subscriptions, pets, gifts, etc.). Be specific: for example, if you are going to purchase subscriptions to magazines, which ones will you purchase?
- Miscellaneous Monthly Payments. Newspaper delivery? Cleaning lady/ Cell phone? Savings etc. Be sure to document!
- Vacation/Travel. Document any future plans with ads or direct quotes from companies (package deals or separate out airfare, hotel, rental car, expenses, etc.). Be sure to verify vacation time with employer.
- Emergency Savings. Floods, accidents, unforeseen expenses, etc. If any money remains; potential investment money, plans to buy a house, etc.
Budget Spread Sheet.xls | |
File Size: | 38 kb |
File Type: | xls |
Part IV. Graph Your Expenses
Produce a pie chart of your major expenditures/spending (best presented as a percentage of your monthly income). The full pie should represent your gross monthly income.
Produce a pie chart of your major expenditures/spending (best presented as a percentage of your monthly income). The full pie should represent your gross monthly income.
- Click here for information to create a Pie Chart for Excel doc.
- Click here for information to create a Pie Chart for Google Sheets.
Part V. Create a Poster or a Portfolio
Create a poster or a portfolio to document your experience “On My Own”. Your poster or portfolio must include your: All of part 1: Resume, Cover Letter, Job Ad. The calculating monthly disposable income sheet from the final packet. Monthly Budget Calculations, which are A-L (as well as any materials used to document expenses), pie chart and your reflection.
Create a poster or a portfolio to document your experience “On My Own”. Your poster or portfolio must include your: All of part 1: Resume, Cover Letter, Job Ad. The calculating monthly disposable income sheet from the final packet. Monthly Budget Calculations, which are A-L (as well as any materials used to document expenses), pie chart and your reflection.
Part VI. Reflection
The final section of your project should be a reflection on your experience. What have you learned from this project? Analyze your expenditures; discuss priorities, surprises, opportunity costs, trade-offs, etc. This reflection should be one page typed and single-spaced.
The final section of your project should be a reflection on your experience. What have you learned from this project? Analyze your expenditures; discuss priorities, surprises, opportunity costs, trade-offs, etc. This reflection should be one page typed and single-spaced.
Rubric:
On My Own Rubric | |
File Size: | 17 kb |
File Type: | docx |