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    Eng310 Financialplanworksheet

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    api-302053576
    The document outlines an individual's annual income, expenses, and ending cash balance from 2017 to 2021. It shows that their salary increased over the years from $75,000 to $121,000 while their total expenses also increased. Their ending cash balance grew significantly over this period from $24,504 in 2017 to $94,588 in 2021.

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    Eng310 Financialplanworksheet

    Uploaded by

    api-302053576
    17 views2 pages
    The document outlines an individual's annual income, expenses, and ending cash balance from 2017 to 2021. It shows that their salary increased over the years from $75,000 to $121,000 while their total expenses also increased. Their ending cash balance grew significantly over this period from $24,504 in 2017 to $94,588 in 2021.

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    eng310 financialplanworksheet

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    The document outlines an individual's annual income, expenses, and ending cash balance from 2017 to 2021. It shows that their salary increased over the years from $75,000 to $121,000 while their total expenses also increased. Their ending cash balance grew significantly over this period from $24,504 in 2017 to $94,588 in 2021.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    17 views2 pages

    Eng310 Financialplanworksheet

    Uploaded by

    api-302053576
    The document outlines an individual's annual income, expenses, and ending cash balance from 2017 to 2021. It shows that their salary increased over the years from $75,000 to $121,000 while their total expenses also increased. Their ending cash balance grew significantly over this period from $24,504 in 2017 to $94,588 in 2021.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Year

    2017

    Income
    Salary
    Less Taxes (See Below)
    401K Pretax Savings

    Total Expenses

    2019

    2020

    2021

    $75,000
    $82,500 $100,000 $110,000 $121,000
    ($25,488) ($28,161) ($34,400) ($41,115) ($45,367)
    $1,200
    $2,500
    $5,000
    $6,500
    $8,000

    Total Income
    Expenses
    Rent
    House
    Food
    Utilities
    Clothing
    Auto Payment
    Student Loan
    Credit Card Repayment & Int
    Entertainment
    Misc
    Insurance - Health
    Insurance - Auto
    Insurance - Renters
    Insurance - Homeowners
    Furniture & Housewares
    Vacation

    2018

    $48,313

    $51,839

    500
    960
    1,500
    3,564
    14,655
    1,180
    1,500
    2,000
    500
    1,200
    250
    1000
    $

    $60,600

    $62,385

    $67,634

    $ 10,000

    $ 10,000

    $ 10,000

    2,200
    1,890
    2,100
    3,564
    14,655
    944
    1,736
    3,500
    760
    1,389
    263

    2,420
    1,985
    2,205
    3,564
    14,655
    1,180
    1,823
    4,000
    875
    1,459
    276

    500
    1,000
    1,575
    3,564
    14,655
    590
    1,575
    2,500
    575
    1,260
    350
    1500

    2,000
    1,800
    2,000
    3,564
    14,655
    880
    1,654
    3,000
    661
    1,323
    250
    2,000
    2000

    1,500
    3000

    2,000
    3000

    28,809

    $ 29,644

    $ 45,787

    $ 47,501

    $ 49,440

    $5,000

    $24,504

    $46,698

    $61,511

    $76,395

    Net Cash for Year


    Credit Card Charges

    $19,504
    $0

    $22,195
    $0

    $14,813
    $0

    $14,884
    $0

    $18,193
    $0

    Ending Cash

    $24,504

    $46,698

    $61,511

    $76,395

    $94,588

    Beginning Cash

    Credit Card Debit


    Beginning Balance
    Payments
    Interest
    New charges
    Ending Balance

    Student Loan
    Years
    Interest Rate
    Monthly payment

    1,000
    $1,000
    $180
    $500
    500

    $ 110,000
    10
    6.00%
    $1,221

    500
    $500
    $90
    $1,000
    $ 1,000

    1,000
    $700
    $180
    $500
    800

    800
    $800
    $144
    $1,000
    $ 1,000

    1,000
    $1,000
    $180
    $1,000
    $ 1,000

    $23,200

    Car Loan
    Price
    Years
    Rate
    Monthly Payments

    Taxes
    Federal Tax Rate
    Federal Taxes
    Social Security
    Medicare
    State (PA 3%)

    15000
    5
    7.0%
    $297

    25%
    25%
    ($17,500) ($19,375)
    ($4,650)
    ($5,115)
    ($1,088)
    ($1,196)
    ($2,250)
    ($2,475)

    25%
    ($23,750)
    ($6,200)
    ($1,450)
    ($3,000)

    28%
    ($29,400)
    ($6,820)
    ($1,595)
    ($3,300)

    28%
    ($32,480)
    ($7,502)
    ($1,755)
    ($3,630)

    ($25,488) ($28,161)

    ($34,400)

    ($41,115)

    ($45,367)

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