Week 4

You may use this template (copy and paste it, then fill in the blanks) to write your blog:

**I cut my income in half for taxes before I subtracted my future expenses.

• The total of my future expenses each year are $33,487.56.  I know this is logical because my primary sources for information are www.apartmentlist.com (to find phantom apartment), www.energy-louisiana,com (to find fuel, energy), www.aie.org (to find college loan payment), www.circleofblue.org (to find water prices), www.humana.org (cost of health insurance), www.ehealthinsurance.org (dental), www.latax.state.la.us (property tax).
• According to http://www1.salary.com/College-Professor-Salary.html I can likely count on making $83,802 each year in my future job as a Professor of Archaeology.  My education/training to get that job will cost $159,072 total for all years of training.
• I want to save $3,000 for my rainy day fund each year, and $2,500 for retirement each year.  If I save $2,500 for retirement each year, by the time I am 65 years old I will have $83,200 plus interest.
• Comparing my future income and expenses makes me think that college is going to be very expensive, however, I feel like I am saving a lot but not paying off my tuition fast enough. I felt like I found accurate amounts for everything, but I still had a lot left over. I couldn’t find that much on retirement plans, except www.forbes.com said you should have as much saved up in the retirement plan equal to the amount of money you are making at 30. I am a little lower than that. I left a couple thousand to spending and luxuries. I pretended I lived in Louisiana and work at Louisiana State University and that I take the bus, because I want to save and pay back my student loans.