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AMDM FINANCE PORTFOLIO Project Rubric NAME___________________________________ Per_____ DUE DATE Maximum points possible – highest quality of work Missing information or quality issues Research Salary http://www.bls.go v/ooh/ 2-28 15 Got income information from occupational handbook and Correctly completed the provided table for three jobs. Reality Check 3-2 12 Completed the reality check and printed the budget along with a one paragraph summary of your findings of mysalary.com and reality check. In this paragraph, compared and contrasted three salaries with the initial budget that was generated from reality check. One-time Investment 3-22 4 Researched an investment option and determined how much money you would have at the end of your investment. 10 Got income information from occupational handbook and Correctly completed the provided table for two jobs. Or there was a question of the quality of work. 8 Completed the reality check and printed the budget along with a one paragraph summary of your findings of mysalary.com and reality check. In this paragraph, compared and contrasted three salaries with the initial budget that was generated from reality check with but issues with quality 3 Researched an investment option and determined how much money you would have at the end of your investment, but there were quality issues. Vacation Investment 3-22 9 Researched vacation with cost (proof) Determined monthly savings required to take your vacation in five years and completed the given table. Car Purchase 3-22 10 Researched cost of car (proof) Calculated/compared monthly payments for a 48 month vs. 60 month loan. Completed table and typed a paragraph Comparing total amount spent for each loan. 6 Researched vacation with cost (proof) Determined monthly savings required to take your vacation in five years and completed the given table but there were quality issues. 8 Calculated/compared monthly payments for a 48 month vs. 60 month loan. Completed table and typed a paragraph Comparing total amount spent for each loan but did not have the cost of car proof Even more missing information or some errors in mathematical calculations Minimal information turned in or major errors in mathematical calculations Nothing turned in 5 Got income information from occupational handbook and Correctly completed the provided table for one job. 5 Got income information from occupational handbook and Incorrectly completed the provided table for three jobs. 8 Printed a one paragraph summary of your findings of mysalary.com and reality check. In this paragraph, compared and contrasted three salaries with the initial budget that was generated from reality check. The reality check budget was not included 4 Completed the reality check and printed the budget but did not include the compare/contrast paragraph 0 Nothing was turned in. 2 Researched an investment option and determined how much money you would have at the end of your investment, but there were errors in the calculations or missing information 1 Researched an investment option and determined how much money you would have at the end of your investment, but the quality or calculations were so terrible that one could not follow your work. 0 Nothing was turned in. 4 Determined monthly savings required to take your vacation in five years and completed the given table but did not have the vacation cost proof. 2 Researched vacation with cost (proof) Did not Determine monthly savings required to take your vacation in five years and did not complete the given table or it was completed incorrectly. 3 Researched cost of car (proof) Calculated monthly payments for either a 48 month or a 60 month loan. Completed table but did not have any comparing for the total amount spent for each loan or there were major errors in your mathematical calculations. 0 Nothing was turned in. 6 Researched cost of car (proof) Calculated/compared monthly payments for a 48 month vs. 60 month loan. Completed table but did not type a paragraph Comparing the total amount spent for each loan or there were some errors in your mathematical calculations. 0 Table was not turned in. 0 Nothing was turned in. Totals Present Value – waiting to invest 10 Completed the table and answered all questions about investing over a certain time period 8 Completed the table and answered most questions about investing over a certain time period 5 Completed the table but there is mathematical errors or quality issues 3 Mathematical calculations had so many errors or quality issues that the information was not understandable 0 Nothing was turned in. Annuities 10 Completed the table and answered all questions about investing over a certain time period 8 Completed the table and answered most questions about investing over a certain time period 5 Completed the table but there is mathematical errors or quality issues 3 Mathematical calculations had so many errors or quality issues that the information was not understandable 0 Nothing was turned in. Investment 8 Invested in a stock and track your investment value over a period of time. Gave all the information required about the stock and calculated your rate of return on your investment 12 Researched a major purchase (proof) Assuming you can pay only 5% of the purchase price each month. Created and printed out an amortization table to find: 1. how long it will take you to pay it off. 2. how much you actually paid for your purchase total 4 Invested in a stock and track your investment value over a period of time. Had missing information about the stock and/or calculations on your rate of return on your investment were incorrect 8 Researched a major purchase (proof) Assume you can pay only 5% of the purchase price each month. Created and printed out an amortization table to find: 1. how long it will take you to pay it off. 2. how much you actually paid for your purchase total But there were quality or some errors in the mathematical calculations 5 Parent reviewed the project and signed the given form but did not include their e-mail and phone number for followup questions. 2 Invested in a stock but didn’t turn in the final tracking and/or mathematical calculations 0 Nothing was done or turned in. 4 Researched a major purchase (proof) Assuming you can pay only 5% of the purchase price each month. Created and printed out an amortization table to find: 1. how long it will take you to pay it off. 2. how much you actually paid for your purchase total But there were major errors in the mathematical calculations 0 Nothing was turned in. Credit Card Payoff Parent Review EXTRA CREDIT Adjusted Budget 10 Parent reviewed the project and signed the given form (including their e-mail and phone number for follow-up questions). 5 Completed/printed a new budget, including all parts of the unit in the budget along with a one paragraph summary of what you needed to do to make your budget work with the job of choice and how it compared to the initial budget you had from reality check 10 Assuming you can pay only 5% of the purchase price each month. Created and printed out an amortization table to find: 1. how long it will take you to pay it off. 2. how much you actually paid for your purchase total But did not have the proof for the major purchase 0 Nothing was turned in or parent’s signature was forged. 0 Nothing was turned in. Reality Check Activity 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Go to texasrealitycheck.com Select option: 1. Get a Reality Check by clicking on the red arrow to the right Choose Houston as the city to live in and then click on NEXT at the bottom of the page Choose a housing option (other than living at home) and then click on NEXT at the bottom of the page. Choose EVERY utility option on the utilities page and then click on NEXT at the bottom of the page. Choose one of the three food options that best describes your spending habits and lifestyle and then click on NEXT at the bottom of the page. Choose a transportation option (other than bus or human power) and then click on NEXT at the bottom of the page. Choose one of the clothes time options that best describes your spending habits and lifestyle and then click on NEXT at the bottom of the page. Choose the “health insurance” option on the health care page and then click on NEXT at the bottom of the page. Choose the entertainment option(s) that best describes your spending habits and lifestyle (you may pick more than one) and then click on NEXT at the bottom of the page. Choose the personal upkeep option(s) that best describes your spending habits and lifestyle (you may pick more than one) and then click on NEXT at the bottom of the page. Choose the “stuff” option on the miscellaneous page and then any additional options that best describes your spending habits and lifestyle (you may pick more than one) and then click on NEXT at the bottom of the page. Choose 2% or 5% on the savings page to help with unexpected expenses and then click on NEXT at the bottom of the page. A total expenses budget will then come up. Click on “print this page”. You will copy this page to a word document (highlight the whole page – Ctrl A and then copy it into Word – Ctrl V). Save this or e-mail this to yourself. Print this budget along with a one paragraph summary of your findings of mysalary.com and reality check. In this paragraph you should compare and contrast your three salaries with this initial budget that you generated from reality check. Reality Check Total Expenses Below are the amounts for the items you have selected. Now that you know how much things cost, next is finding out which careers will pay you the kind of salary you will need in order to afford your lifestyle. Your Monthly Expenses Housing $687.00 Utilities $311.00 Food $350.00 Transportation $522.00 Clothes Health Care Entertainment Personal Misc Savings $15.00 $50.00 $119.00 $75.00 $100.00 $45.00 Monthly Expenses $2,274.00 Annual Expenses $27,288.00 Taxes (15% of Annual Expenses) Annual Salary Needed Comparison paragraph will go right here. Austin $4,093.20 $32,103.53