Tuesday, July 22, 2014

Blog #4 (make-up work, I was on vacation that week)

  • The total of my future expenses each year are $41,712.  I know this is logical because my primary sources for information are Zillow, and then the websites of the various services I'm paying for (Verizon, Xfinity, etc).
  • According to the United States Bureau of Labor I can likely count on making $54, 820 each year in my future job as a journalist in New York City.  My education/training to get that job will cost between $150,000 and $300,000 total for all four years of Undergrad education.
  • I want to save $5,000 for my rainy day fund each year, and $10,000 for retirement each year.  If I save $10,000 for retirement each year, by the time I am 65 years old I will have $400,000 plus interest.
  • Comparing my future income and expenses makes me think that I am going to have to be very frugal, and possibly share an apartment if I plan to live in New York City. I also will need to consider living outside of Manhattan, such as in Queens or Brooklyn, as they can be much more affordable. I will need to also cut down on other expenses such as food expenses, and make sure I am shopping at affordable grocery stores and not going out to eat very often. 

No comments:

Post a Comment