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ExpenseExpense Amount for 1 Month
Expense Amount after 25 Years, or 300 Months
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Carried over Debt$152.66$1,832
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Graduate School Tuition$1,430.83$103,020
This is my total amount owed to Graduate School.
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School Fees$73.79$885.55
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Student Health Insurance$141.25$10,170
This is the total for the duration of Graduate School.
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Used Honda Civic$1,077.75$12,933
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Gas (Based on 2014 Honda Civic Highway MPG and Fuel Tank Capacity and average amount of miles a 20-30 year old American driver drives annually)
$72.71$21,814
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Apparel and Services$157.08$47,125
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Reading$13.83$4,150
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Entertainment$231.25$69,375
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Personal Care Items$255.16$76,550
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Whole life Insurance$20.83$6,250
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Food$586.91$176,075
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Healthcare$248.25$74,475
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Home Expenses$3,144.80$95,450
The 25 year expense excludes the initial down payment along with other 1st year payments.
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Car Maintenance$760.16$228,050
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Taxes (Calculated for 1 Single Person)
$2,912.50$145,625
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Utility Bills$136.66$41,001
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Netflix Subscription$8.33$2,500
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Internet$30.00$9,000
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Phone Bill (Including price of one new phone for the first year)
$80.00$9,000
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401K$26.00$7,800.00
These investments only show what I invested.
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Roth IRA$26.00$7,800.00
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Total:$11,534.75$1,135,281
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Monthly Budget Calculations
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Monthly Income$4,168.75
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Monthly Expenses$11,534.75
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Debt Carried over for a Month$7,366
Much of the debt that I end up having for the first few months of my budget will go away over time as my later income pays terminal expenses like graduate school off.
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Annual Earnings (25 Years)Amount
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Salary$1,250,000
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Recycling$625
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Total:$1,250,625
This amount is left aside for any emergencies or any unconsidered expenses.
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Final Calculations
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Total Expenses Over 25 Years$1,135,281
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Total Income in the last 25 Years$1,250,625
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Total:$115,344
This is a positive amount.
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