5 year budget

1
Erin Long

• 5 year budget
• (2007-2011)

2
Personal Information
Job Resident Director for UMR Salary
25,000 Benefits room, board, utilities,
phone paid for medical dental insurance paid
for Owner of a (like-new used) Ford Mustang
Convertible
3
Goals
Save at least 2000 a year Invest in 2
T-Bonds (1000 each) in 2007 and 2010
4
Assumptions Made
Car payments 700 per month U.S. Treasury Bond
(6 interest paid semi-annually)
Paid for Rent Utilities Phone Parking 15 meals a
week Medical Dental insurance
General inflation Salary increase of 2-4 each
year Spend more on house furnishings for the
first 2 years Interest on NOW checking account
7 of average balance
5
Missouri taxes 4.22 of income Car insurance
50 a month Life insurance 300 a year Renters
insurance 300 a year Pay-off of old school
loans 100 a month
6
Budget
TOTAL SAVINGS 18059