See "Personal Finance Project 2.0" for an updated, Common Core aligned version.
Students envision their 25-year old selves, and select a career that they would like to have. Based on research done on that career, students indicate their starting salary, which serves as the basis for their personal budget throughout the rest of this project. Students use the Data Sheet (provided) to break their salary into monthly payments, remove taxes and write their paycheck. Then they will decide where they will live, how they will transport themselves, and they will make other lifestyle choices. Rent, utilities, food, etc. are all subtracted from the monthly paycheck. Conclusion questions are included to make students think about their lifestyle choices.