- The internet gives me a rough estimate of $80,000 for my yearly expenses.
- As a Software Developer I can make around $96,000 a year (as a quick search of "software developer salary" shows), but education to qualify, a bachelor's degree, costs between $100,000 and $170,000. I'll go with $150,000. I'm aiming for a high-end college after all.
- Every year I want to save $5,000 for a rainy day (metaphorical. If I spent $5,000 on rainy days then I better move to Arizona and stay away from Seattle) and $5,000 for retirement per year. By the time I am 65, if I'm gaining .01% compound interest I SHOULD have a little over $200,000. That's what http://www.investor.gov/tools/calculators/compound-interest-calculator says
- Between my expenses and my salary, I can barely squeeze by. I probably should look into cheaper rent and other ways to reduce my expenses. College loans are going to be a handful too.
Sunday, July 13, 2014
Week 4: Future Expenses and Lifestyle
Oh god it's 10:30 on Sunday I need to start doing these earlier
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The nice thing about your salary is that it covers your expenses and leaves room for retirement and rainy day funds. Reducing expenses is always for the best, especially since college loans are so costly.
ReplyDeleteOne thing to look out for is your cost of education. By going to a high level school you are spending a lot of money that may not show a big return. Look into finding ways to make your time spent cheaper.
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