Graphical representation of your budget

Assignment Help Other Subject

Reference no: EM133842351

Part 1: Salary Research

Question: Research several potential job roles in your desired geographical area. Provide a summary of your research including the location of the job, job title, and salary information. To research your starting salary, consider using the information provided at Salary.com and Payscale.com.

Local government hospitals may also publish this information on their websites. You should find a minimum of two sources that contain salaries to compare to help you make a judgment about a reasonable starting average salary for this position.

Consider degrees, certifications, and the number of years of experience that you have when determining what positions, you qualify for and what your salary may be.

You must include in-text citations using APA format when comparing your salaries.

Part 2: Calculations and Table of Expenses

After you have found your potential salary, set up your monthly budget using only 2/3 income to account for taxes and other deductions (called your net salary). You need to include your work for your calculations.

For example, if you anticipate making $45,000/year, then 2/3

times 45,000 = 30,000. $30,000 / 12 = $2500 and that is

what you want to use for setting up a monthly budget.

Use the table provided to fill in your monthly budget. You may add any extra categories/rows to the table needed to complete your budget.

When creating your budget, be sure to consider the following categories:

Housing and living expenses (e.g., rent/mortgage, utilities, maintenance, etc.)
Food
Student loan payments
Transportation
Childcare (if applicable)
Credit Card or other debt
Car loans
Continuous medical expenses
Emergency savings
Retirement savings
Long term goal savings (e.g., buying a home, new car, education, etc.)
Discretionary spending (e.g., eating out, entertainment, etc)
The total amount and net amount will be included in your table so you can see your balance each month. The table must be copied into your Word document. Please refer to the video directions provided in the module.

Part 3: Graphical Representation of Your Budget

Display your table of expenses as a graphical representation.

You may choose to use a pie chart or bar graph to represent your expenses. The table and graphical representation must be copied into your Word document. Do not submit an Excel file. Please refer to the video directions provided in the module.

Part 4: Reflection

In this reflection, you should reflect on your findings. This reflection section should be a minimum of 200 words.

Please address the following prompts in your reflection:

Why did you pick this location and job?
Were you surprised by your expected salary and income after taxes and other deductions were taken?
Why or why not?
What were some challenges in creating your budget?
What surprised you?
Were you able to set up an emergency/savings fund?
Why or why not?
How can you prepare for unexpected expenses?
How can you apply these budgeting tools to your current situation?
Be sure to put in-text citations in APA format. Academic Writer is the recommended guide for formatting resources.

Part 5: References

All references should be in APA format. Academic Writer is the recommended guide for formatting resources. There should be a minimum of two references.

Reference no: EM133842351

Questions Cloud

Involuntary client to inpatient psychiatric unit : What is the role of the Chief Civil Psychiatrist in the admission of an involuntary client to an Inpatient psychiatric unit?

Explaining the advocacy efforts of lillian wald : Develop an essay of a minimum of three pages explaining the advocacy efforts of Lillian Wald, public health nurses in urban and rural settings

Which diagnoses trigger a cc based on appropriate sequencing : A patient is admitted with a CVA with resulting left hemiplegia. Which diagnoses will trigger a CC based on the appropriate sequencing for this record?

Serves as educational training hospital : Nurse Millie Adams is a nursing administrator at Good Care Hospital, a facility that serves as an educational training hospital.

Graphical representation of your budget : ??What were some challenges in creating your budget? What surprised you? ??Were you able to set up an emergency/savings fund?

Discuss the possible causes of this abnormal gestation : After briefly describing the different steps leading to the fertilization and the implantation. Discuss the possible causes of this abnormal gestation.

How this impacts a residents autonomy : Consider a nursing home that tries to keep resident safe (safety is a values) and how this impacts a residents autonomy (autonomy is the value) in the process.

What are the correct diagnosis codes : A 45-year-old female patient presents with complaints of ear pain for the past week. What are the correct diagnosis codes?

Body compensatory mechanisms in patients : What are the body's compensatory mechanisms in patients such as A.O. that would enhance her cardiac output?

User Account

All Pages