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MICHELLE RUSSELL

MICHELLE RUSSELL. My ten year plan. CAREER PROFILE. IN TEN YEARS: I will be 26 years old Pediatric Nursing Yearly salary = $ 64,690 Monthly salary = $5,931 . FAMILY PROFILE. Married About 2 children. First one will be 3.Then second will be 2. Apartment in Orlando, FL

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MICHELLE RUSSELL

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  1. MICHELLE RUSSELL My ten year plan

  2. CAREER PROFILE IN TEN YEARS: • I will be 26 years old • Pediatric Nursing • Yearly salary = $64,690 • Monthly salary = $5,931

  3. FAMILY PROFILE • Married • About 2 children. • First one will be 3.Then second will be 2. • Apartment in Orlando, FL • I would love to live their because it so cool to be at that state.

  4. HOUSING • I will live in a house. • I will have 2 bedrooms and 3 bathrooms. • I also plan to have a big giant pool in the backyard. • Rent$ 200 • Insurance$600 • Bills$300 • Electricity and gas bill$ 800,000 • Trash and water bill$ 600 • TOTAL housing budget =$25,000

  5. TRANSPORTATION • How I will get around is my own new car. • This car is previously owned by the owner of it. • What make: • What model: • Year:2016 • How I plan to drive is per 55 miles. • Monthly car payments:$400,000 • Monthly gasoline:$400 • Maintenance is my windshield wipers. • Monthly car insurance:$800,000 and Liability. • Public transportation will be my: subway • TOTAL: monthly Transportation Budget=$160,000

  6. CLOTHING • For clothing I plan to go the mall to get some new clothes. • I would like to have new shoes and shirts, shorts, pants. • TOTAL: Monthly Clothing Budget=$600

  7. FOOD(at HOME) • I would like my diet to be based healthy fruits and vegetables. • Any special Dietary habits that will increase your food budget: organic foods. • TOTAL: Monthly Food Budget=$ 500

  8. SUNDRIES • TOTAL: Monthly Sundries Budget=$ 100,000

  9. ENTERTAINMENT & RECREATOIN I plan to eat out at a restaurant 5 times per month. My average bill will be $ 800,000 TOTAL Monthly Entertainment & Recreation Budget= $600,000

  10. VACATIONS • I would like to take a vacation to Orlando. • The kind of vacation I would like to be able to afford are new york and Texas. • I would like to budget $ 800 every year to meet my vacation objectives. • TOTAL Monthly Vacation Budget = $ 800,000

  11. CHILD CARE • I would have two children. • Child one $ 100 • Child two $ 200 • TOTAL Monthly Child Care Budget = $ 300

  12. HEALTH CARE • The kind of health care I want is a good caring hospital that takes care of old people. • TOTAL Monthly Health Care Budget = $ 1,000

  13. FURNISHINGS • My annual budget for furniture, appliances, linens, and decorative items is $ 800,000,000 • TOTAL Monthly Furnishings Budget = $ 800,000

  14. SAVINGS • Each month I would like to save money for shopping at the new malls. • TOTAL Monthly Savings Budget = $ 100,000

  15. MISCELLANEOUS • Monthly budget for haircuts/hair appointments = $ 70 • Monthly budget manicures, pedicures, eyebrow arches = $ 90 • Monthly budget for holiday gifts & birthdays = $ 600 • Monthly budget for pets (food toys grooming vet) What kind of pet? A dog. = $ 500 • Monthly budget for paying DUES/FEES to organizations (social political or religious) = $ 10,000 • Monthly Budget for private school for your children = $ 700,000 • Monthly Budget for debt payments = $ 500 • Monthly Budget for (other) = $ 10,000 • TOTAL Monthly Miscellaneous Budget = $ 200,000,000

  16. BUDGET PROFILE • Housing = $ 25,000 • Transportation = $ 160,000 • Clothing = $ 600 • Food = $ 500 • Sundries = $ 1,000 • Entertainment = $ 600,000 • Vacations = $ 800,000 • Child Care = $ 300 • Health Care = $ 1,000 • Furnishings = $ 800,000 • Savings = $ 100,000 • Miscellaneous = $ 200,000,000 • Budget Total $ 308,8,400

  17. Monthly Salary vs. Monthly Budget • Your Monthly Salary- Budget Total (expenses) = $ 900,000 • Are you over your budget? No.

  18. What Salary Will Support This Lifestyle? • Budget total = $ 100,000,000 • Reg. monthly salary = $ 300 • What careers meet your lifestyle (financial) needs? Nursing.

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