Week 4 - Future Budget

Week 4 - Future Budget

• The total of my future expenses each year are $40,000. I know this is logical because my primary sources for information are the online website Zillow, and information from my parents.
• According to usnews.com I can likely count on making  $87,730 each year in my future job as a Public Relations Specialist.  My education/training to get that job will cost $237,168 total for all years of training.
• I want to save $10,000 for my rainy day fund each year, and $20,000 for retirement each year.  If I save $20,000 for retirement each year, by the time I am 65 years old I will have $600,000 plus interest.
• Comparing my future income and expenses makes me think that I must really start preparing now for the challenge later on in life of managing these finances. As I get older I need to have a clear plan so that I can get a steady job that will allow me to spend and save as I need to. This starts with getting into a good college and making good connections.