Focus on the Future

1
Focus on the Future

• Amanda Sherrys Post-College Life

2
Toddler Lead Teacher

• 2563.60 is my gross monthly pay. I earn
  14.79/hr.
• Once taxes are deducted, my take home pay is
  1,922.70.
• This job does not pay as much as a teachers job,
  because it requires only an Associates degree,
  and is my temporary job until I have enough
  experience to be hired as an elementary teacher.

3
Housing

• My apartment is 750/month, it is in Boston,
  close to my place of employment.
• Heat, electric, water, cable and garbage are
  included in the rent, this makes the apartment
  more affordable.
• 30-local with long distance helps me to call
  home, to Rochester, to my family and friends
  without raising my cell phone bill.
• Renters insurance is 19.47 which falls within
  my budget.

4
Transportation

• I purchased a 2000 Kia Sephia at 3,450. I have a
  4 year loan at 5 interest and my payments are
  79/month.
• Since I have a newer car, maintenance and repair
  costs are about 30/month.
• I dont plan on spending any more than 75/month
  on gas because my apartment is close to work.
• Car insurance is around 50/month based on Met
  Life.

5
College Loans

• Four years, lots of homework and a teaching
  degree later, I am paying 150/month to the bank.

6
Savings/Investments

• Saving 5 of my net pay gives me 96.14 every
  month in a savings account. I have it set up as a
  direct deposit from my pay check into a savings
  account that I do not plan on touching unless
  there is an emergency.

7
I Need it!!!!!

• The 250 I have budgeted for food should be
  plenty as I am a single person not cooking full
  meals every night.
• I have planned 50 in total for Drs co-pay,
  dentist and Rxs per month.
• Clothing should cost me no more than an average
  of 25/month. Most of my clothing needs are
  covered in gifts for Christmas and birthdays.

8
I would like

• With a large family, I will surely spend the
  25/month I have budgeted for gifts.
• With all the instruments that I play, I dont
  fuss over my nails, but I do get my hair done
  every couple of months. This will cost me an
  average of 25/month.
• Due to budget constraints, I cant afford a pet,
  subscriptions, or memberships.
• Entertainment is important to me, so within a
  month, I can spend up to 20.
• The only donations I plan to make while living on
  my own are to church, for offering. That will
  cost me 5/month.
• Nothing is possible without the internet these
  days, so in using AOL, I will spend 30
  maximum/month.
• My cell phone bill is 40/month with 5,000
  minutes and free nights and weekends.

9
Miscellaneous
There were some things that were not included in
my budget template that are needed in order to
live the lifestyle I want to live. This includes
laundry money. For a months worth of clothes
washed, I gave myself 30. And to keep up with my
own playing standards, I gave myself 50 for two
music lessons/month
10
Resource List

• http//webcenter.aol.springstreet.com/apartments/f
  yp/search/matchlist.jhtml
• http//jobsearch.monster.com/getjob.asp?JobID1963
  3884AVSDM20032D112D18093A183A42Logo1col
  dltcicyUSbrd12C18622C1863lidfnqUS2DMA
  2DBoston2DToddlerLeadTeacher
• http//www.shop.att.com/plancomparisonnew
• http//www.local.att.com/echannel/service/offerove
  rview.jspChannelSession1O2TExom7b!1119324455
• My Uncle Jeff, who is in the insurance business
  and based on the make, model and year of my car,
  he told me the insurance costs from Met Life.
• http//partners.financenteer.com/carloan/calculate
  /us-eng/auto05.fcs

11
Reflections

• As an adult, I feel much more comforted that
  I am not out on a limb spending money that I
  dont have, and I actually have a secure base
  plan and budget. However, I also feel nervous
  that I may not be able to follow this the way I
  should.
• As a 12th grader who has almost 5 years
  before I have to go through actually carrying out
  my budget, I feel relieved that I can be
  frivolous for another short amount of time.