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 I would love to live their because it so cool to be at that state.

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

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

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

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

SUNDRIES TOTAL: Monthly Sundries Budget=$ 100,000

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

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

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

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

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

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

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

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

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

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