CG 280 Cooperative Education Seminar

Activity: Budget-Future

You may use this assignment forecast a budget for the time when you finish your education. In order to forecast the future, you must first obtain information on the entry salary you are likely to earn.

Web Addresses:

Household Budget Management: Getting Control of Your Personal Finances: http://dacomp.hypermart.net/budget1.html

Oregon State Employment Division: http://www.emp.state.or.us/

THIS IS A TWO PART ASSIGNMENT

PART ONE

FUTURE BUDGET

Use information obtained from the Oregon State Employment Division to estimate what you can reasonably expect to earn in the early years of your career after you complete your education. (How many ads did you find? Is there a possibility that it will take several months to find a job?) Attach to the budget sheet a copy of the ad or the information from the web. You may use other published job announcements to forecast your future salary. If you do, you must cite your source (include publication name and date of issue used).

Prepare a personal budget for the time when you finish school. Try to be realistic about expenses in the future. Will you want to buy a car, or drive a more expensive car? Research what to expect a mortgage payment to be, or use the classifieds to estimate what rent will be on a bigger apartment or a house. Will you have money for a house down payment or for new furniture? What is your plan?

The purpose of this exercise is to help you make realistic lifestyle plans, based on a realistic assessment of income and expenses.

PART TWO

Check out a few more web sites on the topic of budgeting or financial planning. Find one that you would recommend to someone else. Write a review of the site, giving the web address and two or more reasons why you would recommend it.

Remember to submit your assignment to the course instructor via e-mail.



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