timeline of malife

  • Period: to

    MA LIFE

  • Buy clothes whenever i need to

    This will cost anywhere from $300 to $500
  • buy a car

    First vehicle est. cost of $2-3k
    Will cost about $1000 a year for gas/ maintenance
    Will save for a couple months
  • College

    Est. cost of $74,706 in total
    cost atleast $1200 a year to pay off loans
  • Housing after school

    Will rent an apartment or house with a room mate
    Will split cost between the two of us, about $9000 or more a year
  • an actually good car

    This vehicle will cost somewhere between $20-30k
    Should be about a $7k cost per year until the car is paid off, then it will cost around $2k per year
  • Wedding

    Getting married probably, will save for a bit and it should cost around $7k for everything
  • Buy a home

    Will cost between $400k-600k, about a $15-20k cost per year
  • Start investing for retirement

    on top of my 401k, ill invest in bonds or cd's, enough to net me around $60k total, and my social security should take care of the rest
  • Start saving for kid's college

    It will cost around $80k per kid for college so i'd have to invest around $1000 per year and get compound interest on that money to save a sizeable chunk for my kids
  • Life insurance

    This will cost around $740 a month until i die, and will give me a pretty sizeable life insurance amount
  • Die when i'm 80 because i don't want to be old