BUDGET PROJECT

JOB:

EDUCATION

• Traditional 4 years of college
• Medical school (4years)

TRAINING

• Internship (around 3 years)

TRAINING

• Internship (3 years)

EDUCATION COST

• One Year: $22,826 - $44,750
• Four Years: $108,440.37 - $212,595.57
• Eight Years: $212,880.74 - $425,191.14

LOANS (4 YEARS)

• Amount borrowed: $43,376.15 -85,038.23
• Interest: $2,949.59 - $5,782.60
• Total amount owed: $46,325.74 - $90,820.83
• Monthly payments: $386.05 - $756.84

LOANS (TOTAL)

• Amount borrowed: $86,752.30 - $170,076.46
• Interest: $5,899.18 - $11,565.20
• Total amount owed: $92,651.48 - $181,641.66
• Monthly payments: $772.10 - $1,513.68

LOCATION ANS SALLARY

• Address: Sutton, Massachusetts
• Annual starting salary: $72,483
• Annual take home pay: $50,738.10
• Monthly take home pay: $4,228.18

HOUSING AND UTILITIES

• Monthly housing cost: $936
• Heat and electricity: $150
• Phone: $80
• Netflix: $8

GROCERIES

• Monthly grocery cost: $200

TRANSPORTATION

• Price of car: $26,290
• Downpayment: $1,000
• Monthly car payment: $354.45
• Monthly car insurance: $100
• Monthly gasoline $316.52

CLOTHING

• Monthly clothing cost: $50

SAVINGS (LARGEST POSSIBLE AMOUNT)

SAVINGS (SMALLEST POSSIBLE AMOUNT)

TOTAL SAVINGS

• Largest possible savings: $1,261
• Smallest possible savings: $518.53

EXTRAS

• $200 for emergencies
• $100 for entertainment
• Any left over: savings