Week 4 Blog

• The total of my future expenses each year are $70,000.  I know this is logical because my primary sources for information are my family, and my parents experience, also internet sources.
• According to multiple websites and my cousin, who is an engineer I can likely count on making $90,000 each year in my future job as a Mechanical Engineer.  My education/training to get that job will cost $60,000 total for all years of training.
• I want to save $10,000 for my rainy day fund each year, and $30,000 for retirement each year.  If I save $30,000 for retirement each year, by the time I am 65 years old I will have $1,200,000 plus interest.
• Comparing my future income and expenses makes me think about how my parents did it when they were in my situation, and what I can improve on to make my technique more streamlined.