1.3 Personal Financial Timeline

By cgw123
  • Learn to walk

    Free
  • Get drivers license

    $52 - Estimated Cost
    $52 - Per Year
    Parents - Plan to save
    Short - Plan
  • Go to college

    $365,064 - Estimated cost
    $91,266 - Cost per year
    Parents and college saving account - Saving plan
    Medium - Plan
  • Get Married

    $35,000 - Estimated Cost
    $35,000 - Cost per year
    Save when I get engaged - Plan to save
    Medium - Plan
  • Buy a House

    $1.8 Million - Estimated cost
    $130,000 - Cost per year
    Get a loan from the bank - Plan to save
    Medium - Plan
  • Period: to

    Have 4 kids

    $7.2 million (100,000 per kid for 18 years) - Estimated cost
    $100,000 - Cost per year
    Me and my husband will have good paying jobs so that we can sustain and care for our kids - Plan to save
    Medium (having the kids), Long(taking care of them) - Plan
  • Period: to

    Send kids to college

    $500,000 - Estimated Cost
    $50,000 - cost per year
    Add money to college savings account monthly for each since birth - Plan to save
    Long Term - Plan
  • Grandkids

    $50,000 - Estimated Cost
    $5,000 - Cost per year
    Set money aside in savings so that I can spoil
    them - Plan to save
    Long term - Plan
  • Retire

    $2 million - Estimated cost
    $50,000 - Cost per year
    Set aside 50 thousand per year starting at age 20 - Plan to save
    Long Term - plan
  • Death/Funeral

    $10,000 - Estimated cost
    $10,000 - Cost per year
    It will be included in my will - Plan to save
    Long term - Plan