Sunday, July 13, 2014

Budget Plan

  • The total of my future expenses each year are about $41,000.  I know this is logical because my primary sources for information are zillow.com, my parents, Kaiser, AAA, and PG&E.
  • According to http://money.usnews.com I can likely count on making $116,670 each year before taxes in my future job as a pharmacist.  My education/training to get that job will cost $ 187,4448 total for all years of training according to University of Southern California School of Pharmacy. I estimate that with the current average salary I will be able to pay off my student loans in 2 to 5 years.
  • I want to save $2,000 for my rainy day fund each year, and $4,500 for retirement each year.  If I save $4,500 for retirement each year, by the time I am 65 years old I will have $171,000 plus interest.
  • Comparing my future income and expenses makes me think that I need to be careful on what I spend my money on and prepare for the future just in case there is any financial emergency. Also when I plan to start a family of my own, my budget plan will have to alter and adapt to my family's needs.

 

 

2 comments:

  1. You are very ambitious and confident for your future! That is great to see and good luck to you!

    ReplyDelete
  2. Daisy,
    It looks like you have really taken time to look through your expenses and any financing issues that may come up along the way. Great job and good luck!

    ReplyDelete