Lifestyles of the Rich and Famous - ME Grade
Lifestyles of the Rich and
Famous - ME
Parent Involvement
Grade
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 __________________________.
Now, let’s see how long it will take you to save for the
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.
