Reminder!!!  You must use the Excel spreadsheet.  Copy and paste your table directly from Excel into your PowerPoint.  Do NOT change values in the PowerPoint tables – only change numbers in Excel.

After high school, I attended Southern Union State Community College for 2 years for all my core classes. I transferred to Auburn University and accepted student loans and earned several scholarships to help pay tuition. I was admitted to the Auburn University Harrison School of Pharmacy and earned my Doctor of Pharmacy degree in 4 years. I decided to stay in the Auburn, AL area and went directly to work at East Alabama Medical Center as a clinical technician in their pharmacy. I have worked for one year – saving up to purchase a home. My Life by Michelle Young I am single, with no children, as I have focused on my career. I do plan to marry and have children in the future.

Income and Taxes Starting Pharmacist Annual Gross Pay$72, Federal Income Tax$14, State Income Tax (with one personal exemption) $3, FICA Tax$4, Annual Net Pay$50, Monthly Net Pay$4,201.00

My Car 2011 Mazda Miata MX-5 Grand Touring Hardtop Convertible 2-door  I bought it from Jay Mazda in Columbus, GA.  My insurance agent is Kathy Powell with State Farm.  My car expenses, including bank loan, comprehensive/liability insurance, & tags & taxes comes to $ a month.

Car Payment Purchase Price$31, Down Payment (5%) $1, Amount Financed$29, Total Loan Interest (5 years, Interest Rate: 3.59%) $2, Loan Maturity Value$32, Monthly Loan Payment$ Annual Insurance (Comprehensive & Liability) $2, Monthly Insurance$ Annual Tag & Tax Fees (15% assessed value at 64 mills) $ Monthly Portion of Tag & Tax Fees$24.87 Total Monthly Payment (Loan, Insurance, Tag & Tax)$730.03

My Home 145 MAGNOLIA AVE AUBURN, AL  LUXURY CONDO DOWNTOWN AUBURN.  TWO BEDROOM, TWO BATH CONDO THAT FACES MAGNOLIA STREET. AWESOME VIEW.  JENNAIRE STAINLESS APPLIANCES, PLANTATION SHUTTERS, WET BAR, PRIVATE ELEVATOR ACCESS.  1232 sq ft  Asking price: $250,000 Purchase price: $235,000

Condo Payment Purchase Price (Closing costs paid by seller) $235, Down Payment (10%) $23, Amount Financed$211, Total Loan Interest (30 years, Interest Rate: 6.25%) $257, Loan Maturity Value$468, Monthly Loan Payment$1, Annual Insurance$1, Monthly Insurance$ Annual Property Tax (10% assessed value at 64 mills) $1, Monthly Portion of Property Tax$ Condo Monthly Association Fee (includes Water/Garbage/Sewer) $ Total Monthly Payment (Loan, Insurance, & Tax)$1,677.57

Projected Budget Income Michelle's Monthly Net Pay$4, Monthly Fixed ExpensesMonthly Living ExpensesAnnual Expenses Mortgage Payment$1,302.24Electricity$75.00Home Insurance$1, Car Payment$ Water, Sewer, Garbage (included in Condo Fee)naCar Insurance$2, Condo Association Fee$125.00Groceries$ Health & Dental Insurance (Employer Porvides)na Student Loan Payment$200.00Gasoline$75.00 Life Insurance (Employer Provides some coverage)na Savings/Emergency Fund$300.00Telephone, Cable, Internet, Cell phone$200.00Home Security Fee$ Monthly Fixed Expenses Total$2,465.73Medical/Dental$50.00Professional Organization Membership$75.00 Clothing$50.00Professional Pharmacist License$ Pet Cat$60.00Gym Membership$ Gifts$15.00Property Taxes$1, Entertainment$75.00Vehicle Registration & Tag Fees$ Monthly Living Expenses Total$1,000.00Charity Donations$ Annual Living Expenses Total$6, Monthly Portion of Annual Expenses$ Total Monthly Expenses $3, Remaining Money to Savings Account $

Monthly Budget Money Flow Graph

I Learned...…  It is very difficult to obtain your dream job.  You can’t spend money without budgeting.  It costs a lot of money to be an independent and successful adult.  You can get a very nice home and vehicle if you save money.  I have to get a good education if I want to have the luxuries I crave.  To get a good education, I need to go to college, and to get there I need good grades in high school and lots of determination to succeed.

Sources  Occupational Outlook Handbook Occupational Outlook Handbook  Southern Union State Community College Southern Union State Community College  Auburn University Auburn University  Federal Income Tax Tables Federal Income Tax Tables  State Income Tax Chart State Income Tax Chart ndividual%20Income%20Tax%20Rates% pdf  First Realty First Realty S&AgoraPage=4&AgoraItems=5&Guid= cd3b-4756-ac18- 4b209447eced&5020_order=descending&0043_max=180&0043_min=100&PropertyItem=3&PropertyIdx=19&PropertyDetail=  Kelly Blue Book Kelly Blue Book new&vehicleid=351287&options= %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue%7c %7ctrue  Online Calculator Online Calculator  Mrs. Byrd’s Examples Mrs. Byrd’s Examples