HOW MUCH DOES IT COST TO BE AN ADULT?

CAREER

• I will be an anesthesiologist.
• Yearly salary: $450,000
• Monthly wage: $37,500
• Hourly wage: $216.34

TAX

• Income tax rate: 30.05%
• Yearly income tax: $135,245
• Monthly income tax: $11,270.48

NET PAY

• Yearly net pay: $314,854.25
• Monthly net pay: $26,229.57

COLLEGE

• 7 years
• I will attend Baylor University undergrad
• I will attend Baylor Medical School
• Cost of Education: $342,720
• Interest rate for 10 yrs: 6.8%
• Monthly college payment: $3,944.03

HOME

• I want to live in Waco tx
• 4 bedrooms. 3 bathrooms
• Mortgage: $2,219.98 per month
• Yearly property tax: $12,892
• Monthly property tax: $1,074.33
• Monthly insurance: $250

CAR

• 2015 Honda Pilot
• Cost: $35,000
• Interest rate: 2.9%
• Car insurance: $100 per month
• Monthly gas: $200
• Alternate transportation: bike
• Cost: $10-20 per month

OTHER EXPENSES

• Utilities: $650
• Cell phone bill: $100
• Entertainment: $300
• Emergency: $200
• Groceries: $650
• Clothing: $150

TOTAL EARNINGS, EXPENSES, & SAVINGS

• Net monthly income:$26,229.57
• Monthly expenses: $13,896.67
• Total monthly savings: $12,332.90

ASSETS & LIABILITIES

• Assets: $535,000
• Liabilities: $819,470
• Net worth: $-284,470