Posted in 8th Grade, Personal Finance

PF L130 Review – College majors

If I chose College, I would have to choose which majors I would get, and the three I would choose are Engineering, Chemistry, or Math.  All three are very versatile and can give me more options for employment out in the field.

The first major I decided upon was Engineering.  Engineering can be used in many different jobs, from the digital designer to the architect.  Being an engineer allows you to build things that take skill to make or create very interesting designs like and octagon-shaped house with triangular rooms and an inner courtyard, or a house shaped like a pirate ship and a garage looking like a covered dingy.

Speaking of interesting, Let’s move on the the second major, Chemistry.  Chemistry is interesting in a way that’s very appealing to me, namely, in the form of a tiny mushroom cloud emanating from two smoking vials.  I find that the mixing of chemicals and the result are satisfying.

Satisfying isn’t always enough though.  Sometimes the job requires Math, the third choice.  Sure, I don’t like it, but I’m good at it, and can you think of any job that does not require Math?  I can’t.  therefore a degree in Math will not do much but it’ll prepare you for the long years of math to come.

For all their usefulness, these degrees don’t cover everything – the rest you have to work it out over time using experience and knowledge. That’s it, and if any of you can think of a job that does not require math, please let me know down in the comments.

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Posted in 8th Grade, Personal Finance

PF W22 – After High School

          When I finish High school, I choose to CLEP out of the first two years of college and get straight to the Junior year at an online college, simply to get a job as cyber security.

          Once I get to that, I think college would be the best option for me because it will allow me to get a job as, say, a software engineer as a starter job to practice up on coding, to get a job as a cyber security person.  I’ll also be able to possibly work from home, so I won’t have to move too much.  For that purpose, I could either get a degree in engineering, math, coding, or Cyber Security.  I aim to get a master’s degree to have a larger range of jobs to take a shot at to see if I like them.   I’ll only really be doing two years at a college (if the CLEPS take a year to finish, which I expect they won’t) to get a three-year degree, and then the next two years will be spent in practicing to get that job at a big company as cyber security. 

          I want to get a job as a Cyber Security guy, a degree for a larger range of jobs, higher education in certain aspects, and less time in college via CLEPS.  That’s three good reasons to go for a degree at a college online after CLEP exams.

Posted in 8th Grade, Personal Finance

PF W21 – Cars: Old vs. New

               For the past week, I have been learning about cars: buying, selling, replacing parts, costs, and the differences between hybrids and non-hybrids.  One of the larger topics he talked about was buying: the difference between buying an old car or a new one. 

               Old cars are cheaper but more likely to break down or suddenly just stop working.  It could be from old parts, clogged filter, or whatever other problems imaginable for a car.  They become more expensive over time as the car ages, getting old parts replaced, new paint, new seats.  Old cars do have the advantage of, if they’re well used, being sturdy enough and can be used as a workhorse.    This especially applies to trucks. 

               New cars are more expensive, however they are fresh out of the shop, on warranty, and are extremely unlikely to break down, though the chance increases over usage.  On top of the new parts, which hopefully shouldn’t need replacing very quickly, some also have the advantage of not polluting through electric mechanisms despite needing constant recharges. 

Lease is a third option, second in cheap factor and also can be new.  It’s basically “renting” a car for a set amount of time, at the end of which the buyer pays a preset price and then keeps the car.  Sometimes this option can have some darn good deals.

               Insurance is always a big deal, and so is gasoline/diesel.  Insurance can be expensive.  It can be up to $1222 or more.  If I had to choose, I’d pick get the cheapest insurance and then make sure to drive safely.  Gas is the other biggie.  Currently, 2/1/2018, the gas price is $2.58 per gallon.  This may fall with the economy, or rise with increasing demand/excess pumping.  Using an old car means more in gas prices, as some older cars aren’t as efficient as modern cars and eat gas like candy.  Over time, this price can really stack up.  New cars are more efficient, sometimes not even using gas at all in the case of electric cars.  Though not fully eliminating the gas price tag, these conserve gas and drive more miles per gallon than older cars.

               An online site called Carfax tells on the current state of the proposed car, who had it before you, and what has happened to it in past years.  It is a good resource for checking if the car is actually worth its price.  This tool is useful when you aren’t sure if the car is good or not, or if somebody’s tampered or screwed with it.

               Cars are a difficult decision, whether buying old, buying new, or renting lease, and each has their own ups and downs. Some have better prices, while some have better quality.  That’s all on buying cars!

Posted in 8th Grade, Personal Finance

PF W20 – Car Costs

Gas Price: $3,200/ yr

Purchase: $35,948

Monthly Payments: $589/mo. EST.

What car: 2015 Ram 1500 Laramie

Posted in 8th Grade, Personal Finance

PF W19 – My Car-Buying Priorities

          For the past two weeks, I have studied all about cars – payments, expenses, interest, gas, and even down payments.  One of the most important things about a car is that it does what you want it to do, and different cars have different effects on that.  My requirements would be that the truck must be able to:

1.     Pull a heavy trailer

2.     Have a bed (I can buy a cover later for about $700)

3.     Be diesel (less expensive and longer mileage per gallon sometimes)

4.     Within $25 K to $50 K, approximately $35,000

5.     Be large enough to hold supplies in the back seat

6.     Have 4WD

The reasons behind these requirements are mostly for the truck to get me where I want to go and carry my house behind me.  This is because I am going to build a house on a trailer and then I can move with my work and not have to keep switching houses and it will take less energy to heat less space while more energy is going to other things like lighting and food.  The bed is so I can carry trash until I find a dumpster to put it in or for extra storage if I don’t have space for an object in my trailer house.

          My requirements differ from other teens because they are more likely to buy a house than build one on a trailer, and they will get a high-mileage cruise control sedan for a longer commute to work, whereas I can park in the nearest parking lot with my “house” and save time and fuel by an extremely short commute to work.

Posted in 8th Grade, Personal Finance

PF W18 – The Finance Solution for Me

          For the past few lessons I have been learning about taxes: what they are, how to interpret them, and how to deal with them.  I think using technology to control my budgets and as a checkbook is the right way for me to do my taxes.  My mom uses an app on her computer called Quicken™ that autopopulates (whatever that means) when information is put in.  Then it automatically creates graphs, charts and budgets.  Also, when the dues and bills are put in and the dates it will remind you to pay them early, and the program also houses a special feature of being able to calculate debt.

          I also think that the Auto Tax Refund option on tax perparers is a very bad move, as the process isn’t too slow and the preparers often have a fee that can easily be avoided by cashing your own tax refunds.

          Dealing with taxes is a problem many people try to solve using Online sources, or sometimes an automatic app.