AMDM FINANCE PORTFOLIO Project Rubric

DUE DATE
Research Salary mysalary.com 3-17

NAME___________________________________ Per_____
Missing information or quality issues
10 Got income information from mysalary.com and Correctly completed the provided table for two jobs. Or there was a question of the quality of work. 10 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 8 Calculated/compared monthly payments for a 60 month vs. 72 month loan. Completed table but no paragraph.

Maximum points possible highest quality of work

15 Got income information from mysalary.com and Correctly completed the provided table for three jobs. 15 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. 10 Researched cost of car Calculated/compared monthly payments for a 60month vs. 72month loan. Completed table and wrote a paragraph Comparing total amount spent for each loan. 10 Researched vacation with cost (proof) Determined monthly savings required to take your vacation in five years and completed the given table.

Even more missing information or some errors in mathematical calculations

5 Got income information from mysalary.com and Correctly completed the provided table for one job. 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 6 Completed table for both cars, but no payments computed.

Minimal information turned in or major errors in mathematical calculations

3 Got income information from mysalary.com and Incorrectly completed the provided table for three jobs. 4 Completed the reality check and printed the budget but did not include the compare/contrast paragraph

Nothing turned in

Totals

0 Table was not turned in.

Reality Check

3-18

0 Nothing was turned in.

Car Purchase Activity

3-20

4 Completed table for both cars, but no KBB or payments

2 Started table

Extra Credit www.themint.org

3-28

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.

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.

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 http://www.cdr.state.tx.us/realitycheck/start.htm Select option: 1. Get a Reality Check by clicking on the red arrow to the right Choose Austin TX 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 Austin

Housing Utilities Food Transportation Clothes Health Care Entertainment Personal Misc Savings

Monthly Expenses Annual Expenses Taxes (15% of Annual Expenses) Annual Salary Needed

Comparison paragraph will go right here.