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>DO WHAT YOU LOVE …. Imagine your first job …. Breaking down the costs …. Item. $. What’s Left. Income Tax. $370. $2,191. Social Security/Medicare. $190. $. 2,001. Health Care. $50. $. 1,951. Housing. $725. $. 1,226. Food. $300. $. 926. Car Payments. $200. $. 726.
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Breaking down the costs … Item $ What’s Left Income Tax $370 $2,191 Social Security/Medicare $190 $ 2,001 Health Care $50 $ 1,951 Housing $725 $ 1,226 Food $300 $ 926 Car Payments $200 $ 726 Car Insurance $100 $ 626 Car Maintenance $100 $ 526 Phone $60 $ 466 Utilities $100 $ 366 Clothing $60 $ 306 Entertainment $60 $ 246 $100 $ 146 Savings $ 66 Medical Expenses $80 Furniture, TV, Appliances $30 $ 36 Miscellaneous $36 $ 0
If you start with $38,272/year (2 year degree) Item $ What’s Left Income Tax $420 $2769 Social Security/Medicare $210 $2559 Health Care $50 $2509 Housing $750 $1759 Food $300 $1459 Car Payments $200 $1259 Car Insurance $100 $1159 Car Maintenance $100 $1059 Phone $60 $ 999 $ 899 Utilities $100 Clothing $60 $ 839 Entertainment $60 $ 779 Savings $ 679 $100 $649 Medical Expenses $30 Furniture, TV, Appliances $30 $619 $574 Miscellaneous $45