Blog 4

• In about 5 to 10 years the total of my future expenses each year are probably going to be around $100,000.  I know this is logical because my primary sources for information are what my family spends per year and an article in the New York Times called Estimating Expenses Before Buying Your First Home.This may be less depending on where I choose to live, considering Marin County is so expensive. 
• According to actstudent.org I can likely count on (hope on) making $193,000 each year in my (hopefully) future job as a Foreign Service Officer. My education/training to get that job will cost about $30,000 total for all years of training, depending on where I want to go. That number includes housing, book, healthcare, etc. Thankfully my parents will be paying for that and I will help them out as much as possible by applying for scholarships and paying them back later in life when I can. 
• I want to save $12,000 for my rainy day fund each year and $9000 for retirement each year.  If I save $23,000 for retirement each year, by the time I am 65 years old I will have $966,000 plus interest.
• Comparing my future income and expenses makes me think that there is a lot to consider when making major life decisions such as these and nothing is guaranteed.I haven't factored in children and a husband and that makes everything change. Even though I have it all planned out now, my life and expenses could turn out totally different.