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You must use the Excel spreadsheet.

Copy and paste your table directly from Excel into your PowerPoint.

Do NOT change values in the PowerPoint tables – only change numbers in Excel.

After high school, I attended Southern Union State Community College for 2 years for all my core classes.

I transferred to Auburn University and accepted student loans and earned several scholarships to help pay tuition.

I was admitted to the Auburn University Harrison School of Pharmacy and earned my Doctor of Pharmacy degree in 4 years.

I decided to stay in the Auburn, AL area and went directly to work at East Alabama Medical Center as a clinical technician in their pharmacy. I have worked for one year – saving up to purchase a home.

My Lifeby Michelle Young

I am single, with no children, as I have focused on my career. I do plan to marry and have children in the future.

Income and Taxes

Starting Pharmacist

Annual Gross Pay $72,300.00

Federal Income Tax $14,263.00

State Income Tax (with one personal exemption) $3,540.00

FICA Tax $4,084.95

Annual Net Pay $50,412.05

Monthly Net Pay $4,201.00

My Car2011 Mazda Miata MX-5Grand Touring Hardtop Convertible 2-door

I bought it from Jay Mazda in Columbus, GA.

My insurance agent is Kathy Powell with State Farm.

My car expenses, including bank loan, comprehensive/liability insurance, & tags & taxes comes to $730.03 a month.

Car PaymentPurchase Price $31,090.00 

Down Payment (5%) $1,554.50 

Amount Financed $29,535.50 

Total Loan Interest (5 years, Interest Rate: 3.59%) $2,774.11 

Loan Maturity Value $32,309.61 

Monthly Loan Payment $538.49 

Annual Insurance (Comprehensive & Liability) $2,000.00 

Monthly Insurance $166.67 

Annual Tag & Tax Fees (15% assessed value at 64 mills) $298.46 

Monthly Portion of Tag & Tax Fees $24.87 

Total Monthly Payment (Loan, Insurance, Tag & Tax) $730.03 

My Home145 MAGNOLIA AVEAUBURN, AL 36830

LUXURY CONDO DOWNTOWN AUBURN.

TWO BEDROOM, TWO BATH CONDO THAT FACES MAGNOLIA STREET. AWESOME VIEW.

JENNAIRE STAINLESS APPLIANCES, PLANTATION SHUTTERS, WET BAR, PRIVATE ELEVATOR ACCESS.

1232 sq ft Asking price: $250,000

Purchase price: $235,000

Condo PaymentPurchase Price (Closing costs paid by seller) $235,000.00 

Down Payment (10%) $23,500.00 

Amount Financed $211,500.00 

Total Loan Interest (30 years, Interest Rate: 6.25%) $257,307.08 

Loan Maturity Value $468,807.08 

Monthly Loan Payment $1,302.24 

Annual Insurance $1,500.00 

Monthly Insurance $125.00 

Annual Property Tax (10% assessed value at 64 mills) $1,504.00  

Monthly Portion of Property Tax $125.33  

Condo Monthly Association Fee (includes Water/Garbage/Sewer) $125.00 

Total Monthly Payment (Loan, Insurance, & Tax) $1,677.57  

Projected BudgetIncome

Michelle's Monthly Net Pay $4,201.00

Monthly Fixed Expenses

Monthly Living Expenses Annual Expenses

Mortgage Payment $1,302.24 Electricity $75.00 Home Insurance$1,500.0

0

Car Payment $538.49Water, Sewer, Garbage (included in Condo Fee) na Car Insurance

$2,000.00

Condo Association Fee $125.00 Groceries $400.00Health & Dental Insurance (Employer Porvides) na

Student Loan Payment $200.00 Gasoline $75.00Life Insurance (Employer Provides some coverage) na

Savings/Emergency Fund $300.00Telephone, Cable, Internet, Cell phone $200.00 Home Security Fee $240.00

Monthly Fixed Expenses Total $2,465.73 Medical/Dental $50.00

Professional Organization Membership $75.00

Clothing $50.00 Professional Pharmacist License $250.00

Pet Cat $60.00 Gym Membership $420.00

Gifts $15.00 Property Taxes$1,504.0

0

Entertainment $75.00 Vehicle Registration & Tag Fees $298.46

Monthly Living Expenses Total$1,000.

00 Charity Donations $120.00

Annual Living Expenses Total$6,407.

46Monthly Portion of Annual Expenses $533.96

Total Monthly Expenses

$3,999.69

Remaining Money to Savings Account

$201.32

Monthly Budget Money Flow Graph

Monthly Net Income

Total Monthly Expenses

Remaining Money

$0.00

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00

$3,000.00

$3,500.00

$4,000.00

$4,500.00

I Learned...… It is very difficult to obtain your dream job. You can’t spend money without budgeting. It costs a lot of money to be an independent

and successful adult. You can get a very nice home and vehicle if

you save money. I have to get a good education if I want to

have the luxuries I crave. To get a good education, I need to go to

college, and to get there I need good grades in high school and lots of determination to succeed.

Sources Occupational Outlook Handbook

http://www.bls.gov/oco/ocos079.htm

Southern Union State Community College http://www.suscc.edu/

Auburn University http://pharmacy.auburn.edu/

Federal Income Tax Tables http://www.irs.gov/pub/irs-pdf/i1040tt.pdf

State Income Tax Chart http://images.pcmac.org/SiSFiles/Schools/AL/LeeCountySchools/SmithsStationHigh/Uploads/DocumentsSubCategories/Documents/States

%20Individual%20Income%20Tax%20Rates%202011.pdf

First Realty• http://www.firstrealtyauburn.com/PropertyDetail.aspx?tab=1&RecordType=200&2060_min=1&2050_min=2&0040=6&0116=Auburn/Opelika

%20MLS&AgoraPage=4&AgoraItems=5&Guid=19836432-cd3b-4756-ac18-4b209447eced&5020_order=descending&0043_max=180&0043_min=100&PropertyItem=3&PropertyIdx=19&PropertyDetail=300096252

Kelly Blue Book• http://beta.kbb.com/mazda/miata-mx-5/2011-mazda-miata-mx-5/grand-touring?intent=buy-new&vehicleid=351287&options=4404920%7ctrue

%7c4281056%7ctrue%7c4281315%7ctrue%7c4281294%7ctrue%7c4281058%7ctrue%7c4281519%7ctrue%7c4281401%7ctrue%7c4281271%7ctrue%7c4281485%7ctrue%7c4281271%7ctrue%7c4281471%7ctrue%7c4281271%7ctrue%7c4281278%7ctrue%7c4281478%7ctrue%7c4281278%7ctrue%7c4281271%7ctrue

Online Calculator http://www.mlcalc.com/

Mrs. Byrd’s Examples http://smithsstation.lch.schoolinsites.com/?PageName=TeacherPage&Page=16&StaffID=67490