Describe the kind of lifestyle you would like to live and indicate whether the salary reported in the Texas Reality Check (TRC) would allow such a lifestyle or not.

Financial Management AssignmentThis assignment includes three parts. Two of them are also parts of the Career Essay. Be sure to complete and submit all three parts of this assignment. You may submit one or two separate documents. Part I: Time for a Reality Check (This information will be used in the Career Essay which will be assigned later this semester.)Visit the Texas Reality Check website. Consider what your life will be like after you have graduated from college. Answer the questions, taking into account how you would like to live in the future, when you are working in your chosen career field. Once you complete the Lifestyle Calculator, you will have a Budget that provides an estimate of the amount you will need in order to maintain the lifestyle you desire.Next, scroll through the career options the system lists for you. The options listed will all pay you enough to maintain your desired standard of living.Finally, write one to two paragraphs addressing the following:Describe the kind of lifestyle you would like to live and indicate whether the salary reported in the Texas Reality Check (TRC) would allow such a lifestyle or not. If the TRC resources indicate you will not have enough income to cover your expenses, what steps will you take to address the deficits? If the resources indicate your income will be over and above your budget, how might you use the extra income? Part II: Location, Location, Location! (This information will also be included in the Career Essay.)Consider how the cost of living differs by location. Use the CNN Cost of Living Calculator. Select Houston, Texas as the city where you live. Next, slide the black dot left or right to the salary amount that best represents the Annual Salary Needed amount listed on your Texas Reality Check Budget report. ($93K = $95K). Finally, select the state and city you would like to consider moving to once you begin your career.Record “how far your salary will go” or the salary you would need to live in that city as shown on the Calculator. Do this for at least two cities.Finally, write one to two paragraphs addressing the following: Compare/contrast your desired standard of living costs in Houston to the same lifestyle in two other cities. Include specific information from the CNN Cost of Living Calculator. Identify and report the largest percentage differences among the cities. Discuss whether family, groceries, housing, and/or transportation are significant factors in deciding where to live. Discuss whether your career is dependent upon location. Based on your analysis, which city would you prefer? Keep in mind that a higher cost of living does not mean a higher salary in each location.