Week 4

• The total of my future expenses each year are $80,000 per year.  I know this is logical because my primary sources for information are estimates based off of what my family currently pays, bankrate.com for mortgage, car payments, and student loans, att.com for cell service and internet, zilo.com for house cost, and various other websites.

• According to sokanu.com I can likely count on making $95,000 each year in my future job as a chemical engineer in the Los Angeles area.  My education/training to get that job will cost $150,000 total for all years of training.

• I want to save $1000 for my rainy day fund each year, and $6000 for retirement each year.  If I save $6000 for retirement each year, by the time I am 65 years old I will have $930,000 plus interest (aarp.com).

• Comparing my future income and expenses makes me think that although I have an okay paying job, living in the Los Angeles area may be too expensive for me if I want to save enough money for my retirement.