Budget Project

Economics Ms. Lyons

John Jay College of Criminal Justice

• Undergraduate Tuition and Fees Schedule• New York State Residents• Full-time Matriculated

Students........................................$2,715 per semester

• (12 – 18 credits)• One year: $5,430

TO FIND THE SALARY OF YOUR FUTURE JOB…

• Go to this website: www.salary.com

REMEMBER to put in “New York, NY” or wherever you plan to live

* This site also tells you what type of education most people with your job had.

Jobs – Salaries

• IT (information technology) computer programmer average salary: 75,0000

Sports analyst

• Salary: $77,000

Navy

• Salary: $18,500

Welder

• Salary: $40,000

Apartment

• See choices … – REMEMBER TO THINK ABOUT:• Size?• Location?• Live alone or with roommates?

TV, Internet

• Optimum Tripe play (phone, internet, tv):$89.95/month

Cell Phone • How much does your cell phone cost per

month?

Utilities

• Most utility bills are electricity & gas

• Approximately $80 for a one bedroom

Food (Groceries/Eating Out)

• Deli: $5/meal • Kennedy Fried Chicken: $6/meal• Chinese Food: $10/meal

Transportation

• Car: Car insurance $150/monthGas: $65/week

• Metrocard: $104

Insurance

• Empire: $195/paycheck – You pay $10 of medicine costs & Dr.’s visits

• GHI: FREE $0/paycheck– You pay 20% of medicine bill – you must go to their “network” Drs. to get all

benefits of insurance

Student Loans?

• Direct Subsidized Loans for Undergrads– Interest = 6.80%

TO CALCULATE TOTAL: * Multiply total tuition & fees (from education section)

by 6.80%. Then add that number (total interest) to total tuition & fees.

Fun Stuff

• WHAT DO YOU WANT TO DO FOR FUN?• How much will that cost?

Taxes

• Remember the powerpoint from yesterday?• Depending on where you live… – Federal tax– State tax– Social security– Medicare– City tax – Property tax

Union Dues

APPROXIMATELY $50 (cost for Teachers Union)