The total of my future expenses each $71,405. I know this is logical because my primary sources are zillow for housing and kelly blue book for car payments.
According to glassdoor.com I can likely count on making $100,000 each year in my future job as a software engineer. My education to get that job will cost $60,000 for all years of training.
I want to save $3,000 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 $500,000 plus interest.
By comparing my future income and expenses I see that by getting a job as a software engineer i can actually afford to live in San Francisco. Because the living expenses are so high I need a job with a high base salary that still leaves room for improvement. My costs make sense as long as I remain renting an apartment and do not have to pay for an other living expenses. I will likely need to make more money in order to eventually support a family.
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