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go. forward. Intro. TO A GREAT CAREER. Rochester, MN Campus. Blaine , MN Campus. Middleton, WI Campus. Shakopee, MN Campus. Minneapolis MN Campus. Brooklyn Center, MN. Campus. St. Cloud, MN Campus. Moorhead, MN Campus. Eau Claire , WI Campus. Sioux Falls, SD Campus.
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go forward Intro TO A GREAT CAREER Rochester, MN Campus Blaine , MN Campus Middleton, WI Campus Shakopee, MN Campus Minneapolis MN Campus Brooklyn Center, MN. Campus St. Cloud, MN Campus Moorhead, MN Campus Eau Claire , WI Campus Sioux Falls, SD Campus Elk River, MN Campus Plymouth, MN Campus La Crosse, WI Campus Richfield, MN Campus Woodbury, MN Campus Lakeville, MN Campus
The Price of Independence Surviving your first year in the “Real World” Your family has been providing for you and supporting you your whole life. Soon you will be independent and supporting yourself…
HOUSING Will you share your apartment with a roommate or do it on your own?
Housing Suburbs $700-$1,000 • Cities • $800-$1,200 • Out State MN • $400-$600 • Apartmentfinder.com
Utilities 1BR: $25 2 BR: $40Xcelenergy.com • Some landlords cover the cost of water, garbage, and heat • Electric bill
Communications $50 - $150 Verizon.com Quest.com • Cell Phone ($50-$75) • Text/Pic ($5-$10) • Data Plan ($30) • Internet ($30-$45) • Landline ($25 Basic) * Other charges may include long distance and overages
Misc Items $100 - $250 • Services • Household • Personal
Food $200 - $450 jobsnowcoallition.org • Grocery Shopping • Dining Out • Convenience Foods
Transportation $100 - $400 • Car payment • Public transportation • Parking
Car Maintenance $50 - $100 • Routine servicing • Repairs • accessories
Car Insurance • Rates can vary depending on… • Where you live • Type of car • Age • Gender • Driving record Good $141 / $178 Not Good$183 / $217
Gasoline Gasoline costs will vary based on • What you drive • How far you travel • Where you live $100 - $250
Clothing Cost will depend on: • Work • Everyday • Activities $50 - $400
Entertainment • What do you like to do for fun? • Music, movies, books, magazines • Memberships, licenses • Vacations $100 - $250 DirectTV.com
Medical Expenses Employer Medical - $120 Employer Dental - $34 Individual - $125 Will you receive health insurance through your employer?
Savings $100 - $200 Experts say you should put away 10% of each paycheck into a savings account.
Credit Cards • They can work for you or against you! • Credit cards can be useful… • Credit Rating • Emergencies • Internet Purchases/Security • Travel
Credit Card Expense $0 If you have credit cards, pay them off IN FULL every month!
Any Questions? ? Let’s total the damages…
Dollars per Hours Formula • Add your monthly expenses • Multiply your total monthly expenses by 12 • Multiply your yearly expenses by 1.25 • Divide your gross income by 2,000
The Price of Independencee is not always cheap • Do you have the skills RIGHT NOW to be paid the hourly wage you calculated? • Is that the kind of job you want?
Higher Education is KEY! “Today’s Preparation Determines Tomorrow’s Achievement.”