Tracy Kurkoski’s Life Cycle

Lauren Kurkoski

Tracy is my mama and she is 40 years old, she has been married to my dad for almost twenty years. As you will find out she was pretty good with her finances because she paid for nursing school and her first car by herself. My mom has always dealt with the family finances. She makes sure she pays bills on time and distributes the money into savings accounts, spending money, and money to pay for all the expenses.

High School Age 13-17

• Worked as a candy striper Tuesdays and Thursdays from 5-9

• Every other Saturday/Sunday from 7-3• Made minimum wage $4.65?• Bought a 1985 Ford Escort for $500 as her first

big purchase

Wow! What a car :)

Young Adult 18-24

• Worked as an LPN• Paid for nursing school by herself• Bought first brand new car.. 1991 Mercury Tracer• Married my dad• Had a separate savings account and reached goal of

$10,000• Bought first house• Had kids.. Planned to have ME, therefore had to save

and plan for a brand new baby

Adults 25-34

• Kept saving• Bought second brand new vehicle• Invested in a camper trailer for recreation• Invested in IRA’s• Have additional account for Christmas spending

money• Sold and bought second and third house (still

owned one home and used as a rental property)

Working Parent 35-44

• Sold rental house to invest in a bigger, more luxurious home

• Invested in life insurance policies for entire family

• Continue to invest in retirement funds• Saving for kids’ college

Midlife 45-54

• All bills paid off• Continue contributing to retirement• Sell current house and have enough to pay for

new, smaller lifelong home• Looking forward to retirement• Have kids through college

Pre-retirement/Retirement 55+

• Be retired• Hanging out with my grandbabies• Traveling• Have enough money so she doesn’t have to

work ever again