Personal Budgeting After Graduation

  • Due No Due Date
  • Points 5
  • Submitting a file upload

It’s important to know how to effectively budget after graduation. How much will you need to make to pay all of your necessary bills? 

Instructions

Estimate Your Expenses

Using this  Download Budget Worksheet (fillable PDF)

, estimate monthly expenses for home, transportation, bills, health, entertainment/personal & miscellaneous. Download this fillable PDF, save it onto your computer, and upload the file into this assignment on ELMS/Canvas.  Make sure you downloaded the PDF onto your computer or else your answers may not save. You may not have an entry for every category. You can select the city you think you might live in after graduation. Some tools that may help you fill out the form:  NUMBEO (Cost of Living Comparison Tool) Links to an external site. and Apartment List Rental Data. Links to an external site.

Total your monthly expenses at the bottom of the form. Though you do not need to fill out the “What’s My Income” box at the top of the page, you may want to research salaries that are common in your field. Some common tools for conducting salary research include the Occupational Outlook Handbook Links to an external site., PayScale Links to an external site. and GlassDoor Links to an external site..  Links to an external site.

Evaluation

In order to receive full points for this assignment, you must: Submit the completed fillable PDF document for full credit. [5 points]

 

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For more information and additional resources, visit: careers.umd.edu Links to an external site.

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