High School + 13th Year Plan

Transcription

1 High School + 13th Year Plan NAME: CAREER GOAL: PSSC PROGRAM: Household Startup Plan You are about to graduate from high school. You will now be entering the adult world and will become responsible for yourself and your significant others both financially and physically. One of the first steps toward those responsibilities is to understand something about the costs you will have as an independent adult. This assignment requires you to get information about the costs of living away from your parents in Step 1a and 1b and in Steps 2 and 3, to look at what you will be doing after you graduate from high school. In Step 4, you will continue to explore your Financial Fitness by completing work dealing with your future financial fitness. ASSIGNMENT COMPLETION: Step 1: Complete the Income & Household Setup Expenses questionnaire print and hand in to your instructor. Step 2: Complete Budgeting questionnaire print and hand in to your instructor. Step 3: Complete the Financial Fitness Quiz print and hand in to your instructor. Step 4: Complete the General Information section of the pathway sheet best describing what you will do after graduating from high school print and hand in to your instructor. This will be one of the following: Apprenticeships & Work Military Service Community-Technical college 4 year collegeuniversity Step 5: Complete the final section (the title varies based on the pathway) of the pathway sheet best describing what you will do after graduating from high school used in Step 4 print and hand in to your instructor.

2 STEP 1: Income & Household Setup Expenses Use your current job/salary to complete the rest of this plan. If you do not have a job, use minimum wage, $8.55/hr. (WA minimum wage), as your hourly pay. Assume you will be working 40 hours per week. Hourly rate of pay $ x 40 hours per week = $ per week x 52 weeks per year = $ dollars a year. This figure is your gross income, meaning the amount of money you earn before deductions for taxes, etc. To complete this plan, assume your net income (your take home) is 75% of your gross income. Gross income $ x 0.75 = $ Net income $ On the internet or in your local paper, research apartments that are available for rent. Select an apartment; make sure to consider location and your net income. Size and type of Apartment: Name/location of Apartment: Have you saved enough money to cover your startup costs? Yes No Is this feasible, given your current salary and financial obligation? Yes No If not, what alternate plans will you make? Late payments on bills are a major problem and can lead to denial of credit when seeking a loan You should keep enough in your savings to cover three months of living expenses No more than 25% of your income should be used to pay off debts that How require much at least money 10 will months you need of payments in order to before move the out debt on your is fully own repaid (see below)? If you have don t have enough money to pay your bills you should call your creditors and tell the right away $ A bankruptcy will stay on your credit report for 7 10 years The lowest interest rate on a loan doesn t always mean the best loan Rent Banks (many are not apartment required complexes to provide require customers 1 and the last best, month s most competitive rent up-front, rate check the True requirements based on their for credit the complex scores and you financial chose) means False Not Sure Cleaning deposit $ When you use a credit card, you are borrowing money from a bank Damage deposit $ an effect on or rent an Kitchen apartment cookware utensils, etc. $ Telephone The practice service of keeping your ATM receipts $ is not a sufficient means of Furniture financial management $ Sheets/towels Your credit history has your $ ability to get a job True True True False False False Not Sure Not Sure Not Sure First Travel and Costs Last Months Rent $ Educational Expenses # of trips Tuition Travel Costs Educational Expenses # of trips Tuition

3 STEP 2: Budgeting Complete the following monthly budget as if you are living on your own, without a roommate. Rent Renter s Insurance (optional protects personal $ property against fire, theft, and vandalism) Utilities (water, garbage, etc. most apartment complexes $ charge for some of these, you will need to find out the specific utilities you will be responsible for at the complex that you chose) Telephone Internet Cell phone Cable TV Car payment Car insurance Gas Groceries Health insurance (if not provided by employer) Medication (those that you take on a regular basis) Toiletries (shampoo, detergent, etc.) Clothing Personal grooming (haircuts, nails, etc.) Incidentals (presents, medications for an illness, etc.) Emergency fund (car repairs, etc.) Total monthly expenses _ Net monthly income _ Subtract your total monthly expenses from your net _ monthly income (answer could be negative) Is your net monthly income enough to cover your monthly expenses? Yes No If not, what changes can you make in your budget?

4 CHECK OUT YOUR FINANCIAL FITNESS Answer the following questions to the best of your ability. Your responses will be used to learn more about your financial education needs Have you saved enough money to cover your startup costs? Yes No Is this feasible, given your current salary and financial obligation? Yes No If not, what alternate plans will you make? Late payments on bills are a major problem and can lead to denial of credit when seeking a loan You should keep enough in your savings to cover three months of living expenses No more than 25% of your income should be used to pay off debts that require at least 10 months of payments before the debt is fully repaid If you have don t have enough money to pay your bills you should call your creditors and tell the right away A bankruptcy will stay on your credit report for 7 10 years The lowest interest rate on a loan doesn t always mean the best loan Banks are not required to provide customers the best, most competitive rate based on their credit scores and financial means When you use a credit card, you are borrowing money from a bank The practice of keeping your ATM receipts is not a sufficient means of financial management Your credit history has an effect on your ability to get a job or rent an apartment Travel Costs Educational Expenses # of trips Tuition Travel Costs Educational Expenses # of trips Tuition

5 Step 4: Complete the General Information section of the pathway sheet best describing what you will do after graduating from high school. This will be one of the following (worksheets follow): Apprenticeship and Work Military Service Community-Technical college 4 year collegeuniversity Step 5: Complete the final section (the title varies based on the pathway) of the pathway sheet best describing what you will do after graduating from high school used in Step 3.

6 High School + 13 Year Plan Work/Apprenticeships (On-the-job training or formal apprenticeships) Adapted from: OSPI, Commission on Student Learning, Technical Writing in the Content Areas Do you plan on getting a job and/or joining an apprenticeship program after leaving high school? If you have made a decision to pursue this route: Congratulations! Did you know that a plumber who enters the trade after graduating from high school will attend at least two years of college before retiring and will earn the same life salary as a medical doctor when both are 55 years old? The plumber will be able to retire with nearly the same salary as he/she was earning before retirement and could retire at the age of 55. STEP 4: General Information If you have made this choice, continue this questionnaire by indicating either the job you want to get or the apprenticeship trade you have chosen to enter. Name of Business: Job Title: Have you secured this position? Yes No If not, describe the specific steps you will take to obtain this job. Describe the opportunities for career growth within this company. Identify the position in this company that you would like to hold and list the specific steps/requirements necessary to obtain that position, or your area of focus. List the benefits, such as medical/dental, retirement, etc. offered by the company.

7 STEP 5: Apprenticeship Are you considering an apprenticeship? Yes No Which program and local are you interested in joining? What is the address and phone number of the program? If there is an age requirement, what is the age? Is there a residence requirement? What is required to get into the queue for the program? What are the academic requirements for the program? What tests are required for entry? When are the Apprenticeship tests offered? How often are the tests given? What time does the test start? Have you applied to take the test? Yes No Where is the testing done? When will you apply? Is there any minimum score(s) on the test(s)? What is the starting wage in the apprenticeship program? What is the journeyman s wage? What is the schedule for pay increases? How long does the apprenticeship last? What is included on the benefit package? Is there a retirement package?

8 High School + 13 Year Plan Military Service/Career (Life service/other options) Adapted from: OSPI, Commission on Student Learning, Technical Writing in the Content Areas You have chosen to serve our country in the military. Congratulations! Your choice means a great deal to everyone in our country. Your choice may be for a short-term enlistment of four years or you may choose a lifetime career in the military. Either way, you have made a decision that will have a major impact on your future. You will receive training in an area you choose, opportunities to continue your education, opportunities to travel, and a new way of looking at life. Your choice is a total commitment to the military style of life and you have made a great choice. To help you clarify your decision, the following questionnaire will help you in some areas you may not have yet considered. The following websites may be helpful in completing your plan: STEP 4: General Information List the branches of the military: 1 Name the military branch you are considering Location/phone number of the local recruiting office Have you met with a recruiter? Yes No If not, when will you make an appointment? Define and explain the role of the ASVAB as it relates to joining the military: List 5 areas covered by the ASVAB test: Have you taken the ASVAB test? Yes No If not, when will you take it? Describe the general enlistment requirements

9 STEP 5: Your Career in the Military Describe three standard enlistment programs: List your career options of interest: For the branch of the military that you have chosen, provide the pay scale for enlisted personnel: Explain the difference between enlisted soldiers and officers in terms of pay and job opportunities: Define ROTC and explain the specific benefits it provides: What do you plan to do when you leave the military? Describe how you will be able to accomplish that goal:

10 High School + 13 Year Plan Community/Technical College (Associate s Degree/Certificate) Adapted from: OSPI, Commission on Student Learning, Technical Writing in the Content Areas Congratulations! You have decided to attend a community or technical college as the next step of your plan toward your lifetime career goals. These schools are very focused on a liberal education similar to what you have experienced in the public school system or toward a specific career track such as training for a career in Culinary Arts. You may choose to use both components if you choose a community college. The instructors in these educational units are there because they enjoy teaching and typically prefer to work with a wide range of people. The classes are typically small, with only a few lecture classes that may have 50 students. The curriculum you choose may be for updating skills or preparing for entry in a Bachelor s or Master s program. You will typically find students in Running Start as young as 15 to senior citizens in their 80 s and 90 s. Anyone can enter at any time to take a single course or to take a full course culminating in an Associate s degree. The following websites may be helpful in completing your plan: (scholarship section) College guides in your local library, school career center or counseling office will also provide additional information to complete your plan. STEP 4: General Information List four community colleges/technical schools you are considering: Choose one of the community colleges/technical schools listed above and provide the following information: Name/Location of School: Course of Study you plan to pursue: Total enrollment: Men Women Minorities What provisions are there for Special Needs? Does the school offer extra-curricular organizations? Yes No List the extra-curricular organizations you might be interested in.

11 Admissions Admissions Office Phone Number Address of Admissions Office: Application deadline Application fee Have you taken the COMPASS test? Yes No If not, when will you take it? Describe the admissions process Academics Is an orientation session available for freshmen? Yes No Are freshmen assigned an academic advisor? Yes No How is the academic year divided? Semester Quarter Trimester Other For the major that you are considering, briefly describe a typical course load for the first term: Are Tech Prep credits accepted at this school? Yes No Have you applied to receive your Tech Prep credits? Yes No Have you earned Advanced Placement credit? Yes No Are Advanced Placement credits accepted? Yes No Is an honors program available? Yes No How many credits are required to complete your transfer degree or technical program?

12 STEP 5: Cost Worksheet: Calculate costs based on an entire academic year. Have you saved enough money to cover your startup costs? Yes No Is this feasible, given your current salary and financial obligation? Yes No If not, what alternate plans will you make? Late payments on bills are a major problem and can lead to denial of credit when seeking a loan You should keep enough in your savings to cover three months of living expenses No more than 25% of your income should be used to pay off debts that require at least 10 months of payments before the debt is fully repaid If you have don t have enough money to pay your bills you should call your creditors and tell the right away A bankruptcy will stay on your credit report for 7 10 years Total Education cost (add total travel to total education The lowest interest rate on a loan doesn t always mean the best loan Banks are not required to provide customers the best, most competitive rate based on Explain their credit how scores you plan and to financial finance your means education: When you use a credit card, you are borrowing money from a bank The practice List scholarships/grants of keeping your ATM that receipts you have is not applied a sufficient for: means of financial management Your credit history has an effect on your ability to get a job or rent an apartment If you have not applied for any scholarships/grants, do an internet search and list two you may Travel Costs Educational Expenses # of trips qualify for: Tuition Travel Costs Educational Expenses # of trips Tuition

13 High School + 13 Year Plan 4 year college/university (Bachelor's Degree) Adapted from: OSPI, Commission on Student Learning, Technical Writing in the Content Areas Congratulations! You have decided to attend a four-year college or university as the next step of your plan toward your lifetime career goals. You have chosen a path that can lead toward many life-long joys. Most of the schools of this type are focused on providing you with a wellrounded education as their part of preparing you for life in this society. The education you earn will prepare you for life and for work in your chosen field. However, do not expect that you will know everything about that field when you earn your Bachelor s degree. You will have the experience to find the answers you need in your field, but you will still need to learn much more about what you are going to do than you will be taught in the classroom. It will be an exciting time of your life. The following websites may be helpful in completing your plan: (scholarship section) College guides in your local library, school career center or counseling office will also provide additional information to complete your plan. Step 4: General Information List the four-year colleges/universities you are considering: Choose one of the colleges/universities you listed above and provide the following information: Name/Location of School: Course of Study you plan to pursue: Total enrollment: Men Women Minorities What provisions are there for Special Needs? Does the school offer extra-curricular organizations? Yes No List the extra-curricular organizations you might be interested in.

14 Admissions Admissions Office Phone Number: Address of Admissions Office: Application deadline: Application fee: Number of students who applied in the most recent school year: Number of students who were admitted: Percentage admitted: Average SAT scores for admission of freshmen: Math Verbal Average GPA of freshmen entering school: Admission requirements for freshman: Academics Is an orientation session available for freshmen? Yes No Are freshmen assigned an academic advisor? Yes No How is the academic year divided? Semester Quarter Trimester Other For the major that you are considering, briefly describe a typical course load for the first term Are Tech Prep credits accepted at this school? Yes No Have you applied to receive your Tech Prep credits? Yes No Have you earned Advanced Placement credit? Yes No Are Advanced Placement credits accepted? Yes No Is an honors program available? Yes No How many credits are required to complete your degree program?

15 Step 5: Cost Worksheet: Calculate costs based on an entire academic year. Have you saved enough money to cover your startup costs? Yes No Is this feasible, given your current salary and financial obligation? Yes No If not, what alternate plans will you make? Late payments on bills are a major problem and can lead to denial of credit when seeking a loan You should keep enough in your savings to cover three months of living expenses No more than 25% of your income should be used to pay off debts that require at least 10 months of payments before the debt is fully repaid If you have don t have enough money to pay your bills you should call your creditors and tell the right away A bankruptcy will stay on your credit report for 7 10 years The lowest Total interest Education rate on cost a loan (add doesn t total always travel to mean total the education best loan Banks are Explain not required how you to plan provide to finance customers your the education best, most List competitive scholarships/grants rate True that you False have Not applied Sure based on their credit scores and financial means When you for use If you a credit have card, not applied you are for borrowing any scholarships/grants, money from a bank do an internet search True and False list two Not you Sure The practice may of qualify keeping for: your ATM receipts is not a sufficient means of financial management Your credit history has an effect on your ability to get a job or rent an apartment Travel Costs Educational Expenses # of trips Tuition Travel Costs Educational Expenses # of trips Tuition