Civics Final
Economics
By: Justin Vankirk
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My job of choice is an Aerospace Engineer. Salary is
$107,830 a year.
I shall need five years in college to get my bachelors
degree.
The total cost is $165000 over five years or $33000 a
year (I will be paying only for books during that time
due to financial aid and scholarships)
I shall live in Virginia. The cost of living is above the
average of the U.S. -49,753 for a family of 4
I will not have children
4 Bedroom 2 Bath $50,000 (found on a real estate
site)
Ford Taurus 2001 $2,000 (covered)
Bills :Electric-$124
Water-$100
Phone-$60
Wi-Fi- $50
Insurance - $420 (health, home, and car)
Grocery $250
Gas - $150 per month (to be really safe)
Mortgage- $450 for a 15 year loan (helps credit)
Retirement- $810
Total $2164 per month
Evaluation
I believe I shall have enough money for the lifestyle I believe I will lead. I will not have
television not because of the lack of money to do so but rather because the internet has about
anything I will need to watch or see. I think my schooling will be worthwhile because I will feel
as though my time is being used in a good manner and I shall be making more than enough to
live on. I will not have any kids until I mature both as a person and financially. I want to be
above all else prepared for whatever is to come and financial stability is a very important aspect
to being prepared. I can save money for any kind of car improvement I may wish but shall live a
quiet life.