The total of my future expenses each year are $40,000 I know this is logical because my primary sources for information are Zillow.
According to eHow I can likely count on making at least $80,000 each year in my future job as a Communications Director. My education/training to get that job will cost $237,280 total for all years of training, but not including likely scholarships or finacial aid.
I want to save $10,000 for my rainy day fund each year, and $15,000 for retirement each year. If I save $15,000 for retirement each year, by the time I am 65 years old I will have $450,000 plus interest (this is if I start as a communications director at age 35, I would have to work my way up after I graduate from college, but I will still be making money, just less).
Comparing my future income and expenses is really hard to think of right now because I'm not ready for this and everything I will want or need in the future will be much more expensive than it is now. Communications director is not my first choice, but I could find the most accurate salary by using that as my future career. I will probably need to evaluate every year as my salary could change each year as well as inflation rates are to be considered.
Isabelle, I can tell that you really did your research! I compared my budget to yours when creating my blog post because we both have the same annual income and want to pursue similar careers. I like that you remembered to reevaluate your salary every year because there are always going to be unexpected factors such as inflation.
ReplyDelete