Marta Dopita
May 4, 2017
I had previously sought to create a website pertaining to weather and the effects of the
stock market, however, my major is Finance but my focus is on a more personal level, so I have
created a simplified Personal Income Statement directly related to the atmosphere and weather
which I have called an Atmospheric Income Statement. Each section of the income statement
will be replaced with an element required to contribute to weather. In the place of the dollar
amounts that would typically be present on an income statement there will be a list of ingredients
necessary in the atmosphere that attribute to severe weather. Following the atmospheric income
statement I will provide an analysis of the effects of weather and climate on personal finance.
D. Atmospheric Properties
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F. Atmospheric Stability
(Total Clothing and Personal Care Expenditures) (stable ,neutral, unstable), Lapse Rate (dry adiabatic
lapse rate, moist adiabatic lapse rate, environmental
lapse rate), Conditionally Unstable, Condensation
Level, Lifting Condensation level, Lifting
Mechanisms, Upslope
J. Topography
(Total Insurance Expenditures) Mountains, Valleys, Lakes, Rivers, Tropical Regions,
Desert Regions
L. Severe Weather
(Total Living Expenditures add D-K) Extratropical Cyclones, Freezing Precipitation and
Ice Storms, Lake-Effect Snowstorms, Cold Waves,
Blizzards, Mountain Snowstorms, Windstorms,
Thunderstorms, Tornadoes, Hailstorms, Lightening,
Downbursts, Tropical Cyclones, Floods, Drought,
Heat Waves, El Nino, la Nina and the Southern
Oscillation
L. Severe Weather
(Total Living Expenditures add D-K) Extratropical Cyclones, Freezing Precipitation and
Ice Storms, Lake-Effect Snowstorms, Cold Waves,
Blizzards, Mountain Snowstorms, Windstorms,
Thunderstorms, Tornadoes, Hailstorms, Lightening,
Downbursts, Tropical Cyclones, Floods, Drought,
Heat Waves, El Nino, la Nina and the Southern
Oscillation
M. What is Left Without These Elements
[Income Available for Savings and Investment No conditions suitable for weather
(line C minus line L)]
As shown in the Atmospheric Income Statement without any of the listed components
weather would not be possible, but as we have seen throughout our lives these elements are
absolutely necessary for our survival. However, when weather is severe it can impact our
personal finances immensely. For example, if you are living in an area that does not have
frequent severe weather but you were still affected by it, not having the correct insurance or an
Another factor that can greatly impact your personal finances is climate change. This
issue can affect property values, homeowners insurance, job loss, food and energy costs. Geoff
Williams, a freelance journalist for U.S. News and World Report showed that, although these
affects may not be immediate they could gradually become issues in our future. Property values
could rise if you live in an area with an abundance of resources (e.g. water), homeowners
insurance charges may rise due to an increase in severity of weather, job loss may occur if you
work directly for the land (e.g. farmers), food costs may rise due to a shortage in resources (e.g.
water, fertile soil) and energy costs may rise while fossil fuels become scarce.
Regardless of which affect weather may have on your finances, it is important to keep in
mind that stuff happens, so be prepared. Keep an emergency fund and research the potential
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severe weather that you may encounter in your area because order in your finances can prevent a
REFERENCES
Williams, Geoff. "How Climate Change Could Affect Your Finances." U.S. News & World Report. U.S. News
& World Report L.P., 14 July 2015. Web. 01 May 2017.