1. 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.

2. 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.

3. Income and Taxes Starting Pharmacist Annual Gross Pay$72,300.00 Federal Income Tax$14,263.00 State Income Tax (with one personal exemption) $3,540.00 FICA Tax$4,084.95 Annual Net Pay$50,412.05 Monthly Net Pay$4,201.00

4. 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 $730.03 a month.

5. Car Payment Purchase Price$31,090.00 Down Payment (5%) $1,554.50 Amount Financed$29,535.50 Total Loan Interest (5 years, Interest Rate: 3.59%) $2,774.11 Loan Maturity Value$32,309.61 Monthly Loan Payment$538.49 Annual Insurance (Comprehensive & Liability) $2,000.00 Monthly Insurance$166.67 Annual Tag & Tax Fees (15% assessed value at 64 mills) $298.46 Monthly Portion of Tag & Tax Fees$24.87 Total Monthly Payment (Loan, Insurance, Tag & Tax)$730.03

6. My Home 145 MAGNOLIA AVE AUBURN, AL 36830  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

7. Condo Payment Purchase Price (Closing costs paid by seller) $235,000.00 Down Payment (10%) $23,500.00 Amount Financed$211,500.00 Total Loan Interest (30 years, Interest Rate: 6.25%) $257,307.08 Loan Maturity Value$468,807.08 Monthly Loan Payment$1,302.24 Annual Insurance$1,500.00 Monthly Insurance$125.00 Annual Property Tax (10% assessed value at 64 mills) $1,504.00 Monthly Portion of Property Tax$125.33 Condo Monthly Association Fee (includes Water/Garbage/Sewer) $125.00 Total Monthly Payment (Loan, Insurance, & Tax)$1,677.57

8. Projected Budget Income Michelle's Monthly Net Pay$4,201.00 Monthly Fixed ExpensesMonthly Living ExpensesAnnual Expenses Mortgage Payment$1,302.24Electricity$75.00Home Insurance$1,500.00 Car Payment$538.49 Water, Sewer, Garbage (included in Condo Fee)naCar Insurance$2,000.00 Condo Association Fee$125.00Groceries$400.00 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$240.00 Monthly Fixed Expenses Total$2,465.73Medical/Dental$50.00Professional Organization Membership$75.00 Clothing$50.00Professional Pharmacist License$250.00 Pet Cat$60.00Gym Membership$420.00 Gifts$15.00Property Taxes$1,504.00 Entertainment$75.00Vehicle Registration & Tag Fees$298.46 Monthly Living Expenses Total$1,000.00Charity Donations$120.00 Annual Living Expenses Total$6,407.46 Monthly Portion of Annual Expenses$533.96 Total Monthly Expenses $3,999. 69 Remaining Money to Savings Account $201.3 2

9. Monthly Budget Money Flow Graph

10. 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.

11. Sources  Occupational Outlook Handbook Occupational Outlook Handbook http://www.bls.gov/oco/ocos079.htm  Southern Union State Community College Southern Union State Community College http://www.suscc.edu/  Auburn University Auburn University http://pharmacy.auburn.edu/  Federal Income Tax Tables Federal Income Tax Tables http://www.irs.gov/pub/irs-pdf/i1040tt.pdf  State Income Tax Chart State Income Tax Chart http://images.pcmac.org/SiSFiles/Schools/AL/LeeCountySchools/SmithsStationHigh/Uploads/DocumentsSubCategories/Documents/States%20I ndividual%20Income%20Tax%20Rates%202011.pdf  First Realty First Realty http://www.firstrealtyauburn.com/PropertyDetail.aspx?tab=1&RecordType=200&2060_min=1&2050_min=2&0040=6&0116=Auburn/Opelika%20ML S&AgoraPage=4&AgoraItems=5&Guid=19836432-cd3b-4756-ac18- 4b209447eced&5020_order=descending&0043_max=180&0043_min=100&PropertyItem=3&PropertyIdx=19&PropertyDetail=300096252  Kelly Blue Book Kelly Blue Book http://beta.kbb.com/mazda/miata-mx-5/2011-mazda-miata-mx-5/grand-touring?intent=buy- new&vehicleid=351287&options=4404920%7ctrue%7c4281056%7ctrue%7c4281315%7ctrue%7c4281294%7ctrue%7c4281058%7ctrue%7c4281 519%7ctrue%7c4281401%7ctrue%7c4281271%7ctrue%7c4281485%7ctrue%7c4281271%7ctrue%7c4281471%7ctrue%7c4281271%7ctrue%7c4 281278%7ctrue%7c4281478%7ctrue%7c4281278%7ctrue%7c4281271%7ctrue  Online Calculator Online Calculator http://www.mlcalc.com/  Mrs. Byrd’s Examples Mrs. Byrd’s Examples http://smithsstation.lch.schoolinsites.com/?PageName=TeacherPage&Page=16&StaffID=67490