Life Plan Project

Student Name

Career

Career - Education - National Average Earnings -

School - Tuition - Room & Board - Total Cost per Year -

School

Total Cost for 4 Years - Student Loan Cost -

School

Rent - Vehicle - Clothes - Food & Entertainment - Trips & Vacations - Student Loans - Total -

Monthly Expenses – Phase 1

Single in ApartmentYearly Income - Yearly Expenses - Yearly Savings - Phase 1 Savings -

Phase 1 (5 years)

Rent - Vehicle - Clothes - Food & Entertainment - Trips & Vacations - Student Loans - Total -

Monthly Expenses – Phase 2

Married in Apartment, No ChildrenYearly Income - Yearly Expenses - Yearly Savings - Phase 2 Savings - Total Savings -

Phase 2 (5 years)

Total Savings through Phase 2 - Down Payment - Savings Left -

House Down Payment

Mortgage - Vehicle - Clothes - Food & Entertainment - Trips & Vacations - Total -

Monthly Expenses – Phase 3

Married in House, 1 ChildYearly Income - Yearly Expenses - Yearly Savings - Phase 3 Savings - Total Savings -

Phase 3 (5 years)

Mortgage - Vehicle - Clothes - Food & Entertainment - Trips & Vacations - Total -

Monthly Expenses – Phase 4

Married in House, 2 ChildrenYearly Income - Yearly Expenses - Yearly Savings - Phase 4 Savings - Total Savings -

Phase 4 (10 years)

Mortgage - Vehicle - Clothes - Food & Entertainment - Trips & Vacations - Total -

Monthly Expenses – Phase 5

Married in House, 1 ChildYearly Income - Yearly Expenses - Yearly Savings - Phase 5 Savings - Total Savings -

Phase 5 (5 years)

Mortgage - Vehicle - Clothes - Food & Entertainment - Trips & Vacations - Total -

Monthly Expenses – Phase 6

Married in House, No ChildrenYearly Income - Yearly Expenses - Yearly Savings - Phase 6 Savings - Total Savings -

Phase 6 (10 years)

Vehicle - Clothes - Food & Entertainment - Trips & Vacations - Total -

Monthly Expenses – Retirement

Total Savings through Phase 6 - Savings needed per year of

retirement - Number of years savings will last -

Retirement Savings