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Youth
(Age 1-17)
Short Term Goals
Cost $0 -
Get my first job
Preferably at the Broward Mall -
Graduate Highschool
Est. cost is $0 -
Buying my first car
Est. cost/years to save - $15,000/2
$3500 per year for gas
$2400 per year for insurance -
Young Adult
(Age 18-24)
Medium & Long Term -
Go to college for 4 years
Est. cost/years to save - $88,000/4
Cost per year is $22,000-24,000
$3500 per year for housing -
Start career
No cost. -
Buy a nice condo
Est. cost is $5000 (first month, last month, deposit)
Cost per year $20,400
$2400 per year on food -
Adult
(Age 25-40) Medium-Long & Long Goals -
Marriage
Est. cost of the marriage is $0
The est. cost of the wedding is $50,000 and I'll give my self 5 years to save -
Go back to college for masters
Est. cost/ years to save is $80,000/4
The cost per year is $20,000 -
Have kids
Est. cost/years to save is $500,000/17
$10,000 for emergencies
$800 per year for life insurance -
Buy second car
I'm sure the first one is giving up on life by now.
Est. cost/years to save - $20,000/2 -
Middle Age
(Age 41-64) -
Buy a single-family home
Est. cost/years to save is $350,000/10
Utilities cost is $1,000 -
Buy another car
Est. cost/years to save is $100,000
Cost per year $12,000 -
Retire
Woo! This has no cost and would be my biggest accomplishment because now I get to just enjoy the fruits of my hard labor and live life and spoil my grandchildren until I die. -
Senior
(Age 65 and up) -
Buy a vacation home
Est. cost/years to save - $220,000/15
Cost per year $15,000 -
Spoil Grandkids
Est. cost/ years to save is $750,000/17
Cost per year $44,000
$20,000 for emergencies
