Part 1. Develop Your Career Story: Managing Life’s Resources

Develop Your Career Story: Managing Life’s Resources
Develop Your Career Story
Managing Life’s Resources
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You must read each slide, and complete any questions on the slide, in sequence.
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Activity Objective:

In this chapter, you saw that it takes intentional effort to manage your time, energy, and money, but that this effort can make your life during college easier. Now, go one step further. Complete this activity to consider how you’d like to spend your resources after college, once you’re working in a career that fits your interests.

Let’s get started! Click the forward and backward arrows to navigate through the slides. You may also click the above outline button to skip to certain slides.

This activity may be saved and completed at a later time. Please note that you cannot change your answers after you submit them.

  • Do an online search for “cost of living calculator,” and select one of the many options that are returned to you. A number of websites offer these tools, including CNN and NerdWallet.
  • Type in the median annual salary for the career you are considering. (You can find this with a quick Google search.)
  • Then, input your current city and another city that interests you, and compare the cost of living in both locations.

Note: The cost of living calculator isn’t telling you how your salary will change if you move to a new city (which may happen, since salaries can vary by location). Rather, it is telling you how much money you will need to make in order to maintain the same lifestyle in the new city that you have in your current city.

Use the space below to record the information you’ve just researched.

1. Current city and anticipated median annual salary:

2. Second city and adjusted salary based on cost of living in that location:

Using the cost of living information you researched on the previous slide, complete the statements in the paragraph below. An example is provided.

EXAMPLE: The median annual salary of my chosen career is $71,000. If I continue to live in Houston, Texas, and I earn that amount, I’ll be able to afford a specific lifestyle. If I move to Washington, D.C., I will need to earn $110,958 to maintain the same standard of living because housing is 142 percent more expensive and groceries are 31 percent more expensive.

When you have filled in all of the blanks, the “Submit” button will appear. When you are satisfied with all of your responses, select the “Submit” button to send your responses to your instructor. (Note: You will not be able to change your responses after you select “Submit.”)

The median annual salary of my chosen career is . If I continue to live in and I earn that amount, I’ll be able to afford a specific lifestyle. If I move to , I will need to earn to maintain the same standard of living because housing is percent [more/less] expensive and groceries are percent [more/less] expensive.

Your Answer

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3. Question
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Now, use what you’ve learned to continue telling your career story. Think about what life will be like after you finish college, including how you’ll choose to use your resources. Respond to the questions below to help you formulate your ideas.

4. How do you want to spend your resources (time, energy, and money) in the future?

5. Will your standard of living be different when you’re working in your job of choice? If so, how?

6. Knowing what you now know about the cost of living in other cities, do you envision yourself moving? What would be the advantages and disadvantages of making this kind of change?

Thank you for completing this activity! Please click here to print or save a summary of your responses: