# Lifestyles of the Rich and Famous - ME Grade

## Lifestyles of the Rich and

### Famous - ME

Parent Involvement

8

### Reality Check

jumpstart.org/realitycheck

Log on to the above website and complete the survey, then fill in the following information.

1. To maintain my desired lifestyle, I would have to make:

\$___________ per hour/ \$__________ per week.

2. Possible careers that would allow me to make this amount are:

_______________________ at \$_______per hour

_______________________ at \$_______per hour

_______________________ at \$_______per hour

3. To achieve this career I would have to have the following amount of education __________________________.

### Florida vacation.

Let’s say that you plan to save 5% of your weekly earnings for your vacation.

Steps

1.

Multiply your weekly earnings from #1 above by 5%

(example \$760 x 5% =\$38.00)

2.

Divide the cost of your vacation by the answer from step #1 to get the number of weeks you must save.

(example \$5000÷38=131.5 weeks or rounded to the nearest whole week 132 weeks)

3.

Divide your number of weeks from step #2 by 52 to calculate how many years you must save.

(example 132÷52=2.5 years)

SO….

With our example, it would take the person 132 weeks or 2 ½ years to save for their vacation.

Based on my earnings, I would have to save \$_______ per week (answer to #1) for

_________ weeks (answer to #2) or _______ years (answer to #3) to go on my Florida vacation.