Planning for the Future!!

By: Cynthia Cabrera

Occupation: Lawyer

I want to be a lawyer because I fell like I am good at debates and lawyers make a lot of money. On average lawyers make up to $133,470 per year. And I will need a bachelors degree to be able to get this job. I chose this job because I think I am good at arguing.

College: University of Dallas

I will be attending University of Dallas with a cost of $14,570 per semester. To obtain my degree it costs $116,560 plus the interest rate(4.6%) I will be paying a total cost of $121,921.76. I chose this college because a friend was telling me about it and i liked it.

Home:

I will be living in Texas paying a total mortgage of $119,900 with an interest rate of 4.6% over the course of 30 years. I will be paying $1,024.78 a month, and over the 30 year time period I will pay a total of $169,019.39. (236 Cedar Crest Dr, Justin,TX)

Car: 2011 Jeep Wrangler

I will be driving a 2011 Jeep Wrangler at the price of $25,991 with an interest of 4% over the course of 5 years. After 5 years I will have paid $27,030.64. I chose this car because I have always liked this type of jeep.

Budget Table:

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Reflections:

What was my biggest learning experience throughout this project?

I learned that sometimes you don't always get what you expected you could. For example, you may not have enough money to get a utility you may need so you would have to get something cheaper and work it out.

Whay adjustments did I make throughout the project to stay in my budget?

I had to change the house I wanted because I couldn't afford it, so I found a house for a cheaper price.

How does this compare to your initial ideas of beegining adulthood?

That in this project I got a degree and everything I need, but it may not be like that later on in my life when I actually have to do this.