>DO WHAT YOU LOVE …
description
Transcript of >DO WHAT YOU LOVE …
1
2
>DO WHAT YOU LOVE …
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
You got your first paycheck!! Looks pretty good – right ?
Let’s say you make $30,732 a year ($2,561 a month), about the average for a high school graduate.
Imagine your first job …
29
You start paying your bills … What’s left
Breaking down the costs …
Item $ What’s Left Income Tax $370 $2,191
Social Security/Medicare $190 $2,001 Health Care $50 $1,951
Housing $725 $1,226 Food $300 $926
Car Payments $200 $726 Car Insurance $100 $626
Car Maintenance $100 $526 Phone $60 $466 Utilities $100 $366 Clothing $60 $306
Entertainment $60 $246 Savings $100 $146
Medical Expenses $80 $66 Furniture, TV, Appliances $30 $36
Miscellaneous $36 $0
30
You start paying your bills … What’s left
If you start with $38,272/year (2 year degree)
Item $ What’s Left
Income Tax $420 $2769 Social Security/Medicare $210 $2559
Health Care $50 $2509 Housing $750 $1759
Food $300 $1459 Car Payments $200 $1259 Car Insurance $100 $1159
Car Maintenance $100 $1059 Phone $60 $ 999 Utilities $100 $ 899 Clothing $60 $ 839
Entertainment $60 $ 779 Savings $100 $ 679
Medical Expenses $30 $649 Furniture, TV, Appliances $30 $619
Miscellaneous $45 $574
31
32