Week 4 Blog

The total of my future expenses each year are approximately $36,687.  I know this is logical because my primary source for information is the internet.

According to Onlinemphdegree.net, I can likely count on making $56,000 each year in my future job as a Public Health Social Worker.  My education/training to get that job will cost around $148,000 total for all years of training to receive a bachelor degree in Social Work.

In total, I will have $19,313 dollars left after my yearly expenses. Therefore, I will split the money in half; I want to save $9,656.50 for my rainy day fund each year, and $9,656.50 for retirement each year.  If I save $9,656.50 for retirement each year, by the time I am 65 years old I will have $366,947 plus interest.

Comparing my future income and expenses makes me think I may be capable of living comfortably. With my future income, I am able to comfortably live after my yearly expenses and up to my retirement.