Real Game 02 Wish List 02

Post date: Mar 1, 2017 3:37:57 PM

Wish List Part 2 - Leisure Activities

This is the second day of planning for your desired lifestyle at age 40 and is a continuation of the previous assignment of "Wish List part 1". If you have not yet, login to your realgameonline.ca account.

a calculator and scratch paper will be very helpful for this activity.

Step 6: ( Day Two)

This is all about what you do with your free time. Free time is time outside of work and any other essential daily tasks such as sleeping and running errands. For each activity, you must calculate 2 things: How much time per week YOU do this activity, and how much $ it costs or it may potentially earn. For those of you who have families, at age 40 your kids are probably between the ages of 6-15 and may also be involved with recreational activities in which they are dependent on you for time and money.

Sports and Recreation:

a) First, we are going to figure out what to put in the "time" blank. Essentially we will be adding the total amount of time we spend a week for yourself and potentially our kids in the area of athletics.How much time do you spend per week? [working out for an hour 3 times per week would be 3 hours]add the answer above to how many hours you spend at your kids athletic activities. Use the conditional formula below to calculate your time spent on your kid's activities.if you have a stay at home spouse, then you don't have to drive your kids to practices or games/meets/events so your time for your kids = 0else if your spouse works, calculate driving time by = .5*[number of kids you have]*[number of days per week they need transportation].

if you want to stay and watch any of the practices or events of your kids = [average time event or practice take]*[number of children]*[number of events/practices per week you want to see]

Add all of these times together and enter it into the time blank and press 'add' and then 'save'

b) Now to calculate the cost! Decide if each activity is cheap, moderately expensive, or expensive. For example, hockey is an expensive sport because of all the equipment you need to play and the cost of each piece of equipment, plus ice rink fees! Disc golf is cheap. For 30 bucks you can pretty much be set for a year. So here are the rates PER ACTIVITY

Cheap = $5 per week

Moderately Expensive = $10 per week

Expensive = $25 per week

If you think you will be earning money is athletic recreation (competitions, prize money), speak with Mr. French to assess the reality of the situation) and put that amount in the $ earned per week.

Part-Time Work: is a great way to earn a little extra money. If you choose part-time work you can choose any amount of time from 0-30 hours. You can use $10/hour as a pay rate. So if I choose to work 10 hours per week, that would earn $100 per week. Put in $10 per week as a cost of gas/clothing/other expenses etc. No, you cannot make your kids have a part-time job and give the money to you! No, your spouse cannot have a part-time job, he/she is either full time or stay at home, it is only YOU who can have an additional part-time job. I will also use this for your spouse's FULL-TIME job and their expenses they will want a smartphone and other leisure items as well. You will need to make sure you are doubling the cost of the activity or the amount they spend will go up. Entertainment: For this, you have to think monthly. How many movies do you see a month? maybe it's every other month? how many times do you rent movies? How about sporting events? Musicals? Feel free to use google to determine what the cost is for specific events. Once you have settled on WHAT TYPE of entertainment you do regularly and how many hours per week you do it, now add up all the costs. Don't forget about your family! (if you have one) You aren't going to the movies without them, are you?Quiet Time: This refers to your personal alone time, even if you have a family it is nice to have quiet time. For many, there is no cost to this category, however, Books, videos games, music, all cost money. Think about the average number of books/video games/music you purchase in a month and multiply that number by its average cost. Example: Let's say I purchase 1 video game every 2 months that cost $60. There are about 9 weeks I 2 months so I divide 60/9 and get $6.5 per week in cost. As for time, that is completely up to you how much quiet time you need in a week.

Family and Freinds': This potentially can also be very low cost, however, it depends on how you hang out with family and friends. Do you eat out? do you go to parties? If you have a spouse you MUST put at least 10 hours per week. If you have kids you MUST put at least 15 hours per week. If you are single, feel free to make an appropriate choice. Remember to multiply cost and do the basic math if time with family costs money.Volunteer Work: This is easy as I do not want you to have a cost with this activity. Volunteering means you are doing extra work for somebody else for free. You are not gaining any money by doing this, and I am going to say you are not spending any money, only time.Out of Doors: This category varies a lot. Nature walking is very cheap, but fishing can be very expensive. Think about what a year's worth of equipment/supplies cost using google if necessary. Divide your equipment costs by 52 to get a weekly cost. Remember family members and if they do these things as well. If you want some easy math, think if your out of doors activity is free, cheap, or expensive. If it's free, then it costs you only time. If it is cheap, calculate 5$ per week per person. If it is expensive to calculate 15$ per week per person.

Education: If you are going to be doing extra education or college classes you can use this number: $92 per week per class. Time should be around 5 hours per class per week. Also, if you are planning on sending your kids to private school also use $92 per week per child just for cost. For time, add an additional 2.5 hours to your weekly time to drop your kids off at school. If you have a stay at home spouse you do not have to add the additional time.

If you want easy math, think if your hobby is free, cheap, or expensive. If your hobby is free, pay nothing only add the number of hours per week you spend doing this. If it is cheap, $5 per week is good and $15 per week for expensive hobbies. If your spouse has a hobby make sure to their expenses in as well (free, cheap, or expensive).

Don't forget to push the save button.