-
First Car
$15,000
$3,000/5 years
Short Term Goal
Save money from job, loan -
Drivers License
$52 out of pocket
Short Term Goal -
Graduate High School/College
$100,300
$25,000 per year
Scholarships, Loans, Parents
Medium Goal -
First Big Career
New Job
Making Money -
Get Married
$40,000
Cash
Long term Goal -
Buy First House
$400,000
$36,000/15 years
Down Payment, Mortgage, Savings from job
Long Term Goal -
Send Kids to College
$150,000 per kid
$37,500 per year
Savings, Scholarships
Long Term Goal -
Kids Move Out
$5,000 to each kid
Helps with food and rent for a little bit
Long Term Goal -
Retire
$2,000,000
200,000 per year
From Retirement funds, stocks, bonds, etc.
Longterm goal -
Vacation
160,000
8,000 per year (2 vacations per year)
From Retirement fund