Blog #4

• The total of my future expenses each year (10 to 15 years from now) are $55,000 to $60,000 if I were to live in San Francisco as a single person in an apartment. I know this is logical because my primary sources for information are http://cost-of-living.startclass.com/l/60/San-Francisco-CA-Metro-Area. I used the statistics for a family of one parent and one child, but I figured out some of the expenses I would associate with having a child. I will probably wait to start a family until I can start living comfortably with a steady source of income.
• According to http://www1.salary.com/CA/San-Francisco/Physical-Therapist-salary.html I can likely count on making $97,000 each year in my future job as a physical therapist if I were to live and work in San Francisco. However the national average is around $80,000. It all depends on where I work. My education/training to be a physical therapist will cost $130,000 to $180,000 total for all years of training.   
• I want to save $3,000 for my rainy day fund each year, and $5,000 for retirement each year. If I save $5,000 for retirement each year after I turn 25 years old, by the time I am 65 years old I will have $200,000 plus interest.   
• Comparing my future income and expenses makes me think that life is going to be expensive! It is scaring me. I expect to be very stressed out in the future, especially when I am trying to pay off student loans while also paying for everyday expenses. Although the future freaks me out, I am hopeful that if I put in the hard work, it will one day pay off.