Senior Survival (?)

Isaac Bunch

Period 2

Family Profile and CareerI will be 20 years old

and a junior at Columbia University

So I will be single, have no children, and probably have an unpaid internship somewhere in New York

LivingOn campus

housing at $6,170 per year is guaranteed all four years

No landline phone, utilities bill or property tax

Cell phone $9.99/month

TransportationColumbia students ride

the subway for free

I won’t have a car because there is nowhere to park in New York

I will walk everywhere else

FoodI will mainly rely on my

college meal plan for food

This comes to a cost of $2,100 per semester or $4,200 per year

SundriesShampoo $2.79

Soap (4 pack) $4.79

Deodorant $1.97

Toothpaste $1.98

Mouthwash $ 5.79

Dental Floss $1.98

TOTAL: $77.20 per year

Source: walgreens.com

ClothingI am not much of a

clothes shopper and already own pretty much all that I will need

For the year I should only need about $10 per month to buy something every few months and maintain a minimum wardrobe

Entertainment & RecreationMy Columbia ID card gets

me into just about any museum or cultural location for free

Red Bulls Soccer games: $30 per game (3 time per year)

Eating out $45 per month

TOTAL: $52.50 per month

Vacationing I would like to take the

train up to Poughkeepsie to visit my aunt and uncle a few times per year

A round trip ticket on Metro North Railroad costs $39 but I will not have to pay for anything else after arriving in Poughkeepsie

$39 (3 times per year)= $117 annually

Where will I go when I’m sick?I should be covered

under my parents plan until I am 26 years old

But it would cost $1,638 annually for basic coverage and $2,344 for comprehensive coverage through my school

EducationThere is the little matter of

college tuition which comes out to $50,000 per year

Textbooks come in at about $1,000 per year but there is no way to get an exact figure on that just yet

But much of this money is already in my college fund and my parents have agreed to pay for the rest

MiscellaneousI would need to spend

around $20 dollars for a haircut three times per year

Gym membership is free at school

My parents usually give me money to buy gifts for the other parent

Final BudgetNot counting the costs of

tuition and textbooks my lifestyle during my junior year of college will end up costing 11,494 dollars and twenty cents

Seeing as I won’t be employed during this time period I will need to rely on my family heavily during my college years