Step 1

To find the Annual Income for your chosen career, please click on

www.bls.gov/oes/current/oes_nat.htm
Step 2
Step 3

Under the "Major Occupational Groups", click on the link that mos
Carefull scroll down through the list and select the career that ma

Step 4

What is your specific career? Put answer in yellow box a

Step 5

Look for the chart that resembles the chart below. You will be usin
Percentile
Hourly Wage
Annual Wage

Step 6

Do not use the numbers in my

example at the right
Input the 10% Annual Wage in the collored box to the
.......Input the 25% Annual Wage in the green box to the
..Input the 50% Annual Wage in th

For all the following answers, please put your response in the YELL

Step 7

Will you start your own business

within 2-3 years of graduating from
High School and/or College? NO = 1
Yes = 2

Step 8

Will you BUY a home within 2-3 years

of graduating from High School and/or
college (INPUT = 1), or Will you RENT
an apartment or house within 2-3
years of graduating from High School
and/or college (INPUT = 2)?

Step 9

As you work for 2-3 years, are you

going to put money in a retirement
account? NO = 1 Yes = 2

Will you be married within 2-3 years of

Step 10 graduating from High School and/or
college? NO = 1 Yes = 2

How many TOTAL children do you plan

on having within 2-3 years of
Step 11
graduating from High School and/or
college?

After 2-3 years of graduating from

High School and/or college, will you
live in a smail town like Lapeer or
Step 12
Davison (INPUT 1), OR will you live in
a larger suburban area like Rochester
Hills or Chicago (INPUT 2)?

Will you purchase life insurance within

2-3 years of graduating from High
Step 13
School and/or college? NO = 1 Yes
=2

Will you buy cable TV or Satellite TV

such that you will have WIFI within 2-3
Step 14
years of graduatine from High School
and/or college? NO = 1 Yes = 2

After leaving High School, will you be

Step 15 taking out loans for Vocational School
or College? NO = 1 Yes = 2

After leaving High School and/or

college for 2-3 years, how many times
Step 16
each week will you be eating dinner at
a restaurant?

After leaving High School and/or

college for 2-3 years, will you
Step 17
give/donate money to charities and/or
church? NO = 1 Yes = 2

After leaving High School and/or

college for 2-3 years, will you have a
Step 18
gym/fitness club membership? NO =
1 Yes = 2

Will you BUY A NEW car/truck within 23 years of graduating from High
Step 19 School and/or college (INPUT 1) or will
you BUY USED or RENT a car/truck
(INPUT 2)?

After leaving High School and/or

Step 20 college for 2-3 years, how many
cars/trucks will you/your family own?

After leaving High School and/or

college for 2-3 years, how much
Step 21 money do you plan on spending for
clothes per person for you/your family
each month?

50

After leaving High School and/or

college for 2-3 years, how much
money do you plan on spending at
Step 22 stores like Meijers/Walmart/Krogers
each week for you/your whole family
to purchase food and other household
supplies?

50

er, please click on the link below

n the link that most closely matches your chosen career.

the career that matches your chosen career. Click on the link.
CPA

ow. You will be using the ANNUAL WAGE for the 10%, 25%, and 50% columns.
10%

25%

$20.50
$41,000

$26.00
$52,000

41,000
he green box to the right
Annual Wage in the blue box to the right

52,000

esponse in the YELLOW box to the right of the question.

Will you own your own business
within 10 years of graduating from
High School and/or College? NO =
1 Yes = 2

For YES and NO question

Will you BUY a home within 10 years

of graduating from High School
and/or college (INPUT = 1), or Will
you RENT an apartment or house
within 10 years of graduating from
High School and/or college (INPUT =
2)?

As you work for 10 years, are you

going to put money in a retirement
account? NO = 1 Yes = 2

Will you be married within 10 years

of graduating from High School
and/or college? NO = 1 Yes = 2

How many TOTAL children do you

plan on having within 10 years of
graduating from High School and/or
college?

After 10 years of graduating from

High School and/or college, will you
live in a smail town like Lapeer or
Davison (INPUT 1), OR will you live
in a larger suburban area like
Rochester Hills or Chicago (INPUT
2)?

Will you purchase life insurance

within 10 years of graduating from
High School and/or college? NO = 1
Yes = 2

Will you buy cable TV or Satellite TV

such that you will have WIFI within
10 years of graduatine from High
School and/or college? NO = 1 Yes
=2

After leaving High School and/or

college for 10 years, how many
times each week will you be eating
dinner at a restaurant?

After leaving High School and/or

college for 10 years, will you
give/donate money to charities
and/or church? NO = 1 Yes = 2

After leaving High School and/or

college for 10 years, will you have a
gym/fitness club membership? NO
= 1 Yes = 2

Will you BUY A NEW car/truck within

10 years of graduating from High
School and/or college (INPUT 1) or
will you BUY USED or RENT a
car/truck (INPUT 2)?

After leaving High School and/or

college for 10 years, how many
cars/trucks will you/your family own?

After leaving High School and/or

college for 10 years, how much
money do you plan on spending for
clothes per person for you/your
family each month?

50

After leaving High School and/or

college for 10 years, how much
money do you plan on spending at
stores like Meijers/Walmart/Krogers
each week for you/your whole family
to purchase food and other
household supplies?

100

n career.
ck on the link.

10%, 25%, and 50% columns.

uestion.

50%
(Median)
$37.00
$74,000

75%

90%

$36.43
$72,860

$50.92
###

74,000

For YES and NO questions, use...

Will you own your own business within
25 years of graduating from High
School and/or College? NO = 1 Yes =
2

NO = 1 Yes = 2

Will you BUY a home within 25 years of

graduating from High School and/or
college (INPUT = 1), or Will you RENT
an apartment or house within 25 years
of graduating from High School and/or
college (INPUT = 2)?

As you work for 25 years, are you

going to put money in a retirement
account? NO = 1 Yes = 2

Will you be married within 25 years of

graduating from High School and/or
college? NO = 1 Yes = 2

How many TOTAL children do you plan

on having within 25 years of
graduating from High School and/or
college?

After 25 years of graduating from High

School and/or college, will you live in a
smail town like Lapeer or Davison
(INPUT 1), OR will you live in a larger
suburban area like Rochester Hills or
Chicago (INPUT 2)?

Will you purchase life insurance within

25 years of graduating from High
School and/or college? NO = 1 Yes
=2

Will you buy cable TV or Satellite TV

such that you will have WIFI within 25
years of graduatine from High School
and/or college? NO = 1 Yes = 2

After leaving High School and/or

college for 25 years, how many times
each week will you be eating dinner at
a restaurant?

After leaving High School and/or

college for 25 years, will you
give/donate money to charities and/or
church? NO = 1 Yes = 2

After leaving High School and/or

college for 25 years, will you have a
gym/fitness club membership? NO =
1 Yes = 2

Will you BUY A NEW car/truck within 25

years of graduating from High School
and/or college (INPUT 1) or will you
BUY USED or RENT a car/truck (INPUT
2)?

After leaving High School and/or

college for 25 years, how many
cars/trucks will you/your family own?

After leaving High School and/or

college for 25 years, how much money
do you plan on spending for clothes
per person for you/your family each
month?

50

After leaving High School and/or

college for 25 years, how much money
do you plan on spending at stores like
Meijers/Walmart/Krogers each week for
you/your whole family to purchase food
and other household supplies?

100

Estimated Income per year

Estimated Income per month

2-3 years after graduating

from High School and/or
College
$45,100
$3,758

MONTHLY EXPENSES
Federal Income Tax
FICA
Medicare
State Income Tax
Local Tax

$564
$233
$54
$150
$38

Health Insurance
Retirement
Life Insurance
Dental, Vision Insurance/Costs

$180
$0
$0
$20

Car/Truck Payments
Rent/Mortage for house or apartment
Cell Phone
Electric/Gas
Internet/TV
Donations
School Loans
Fitness Club
Restaurants
Clothes
Gas for vehicles
Walmart/Kroger/Meijer stores

$200
$1,600
$80
$350
$150
$0
$0
$0
$40
$100
$140
$200

Money left over each Month

Money left over for fun
red means in debt - black means extra cash

$341

This MONEY LEFT OVER is to be used

Gifts Lunches Trips Travel Hom

10 years after graduating

from High School and/or
College
$78,000
$6,500

25 years after graduating

from High School and/or
College
$140,600
$11,717

$975
$806
$189
$260
$65

$1,640
$1,453
$340
$469
$117

$480
$0
$25
$40

$480
$469
$46
$40

$400
$1,600
$80
$350
$150
$0
$0
$0
$80
$200
$280
$400

$800
$1,600
$160
$350
$150
$0
$0
$0
$80
$200
$280
$400

$121

$2,643

OVER is to be used for things such as:

Trips Travel Home decorations Prescriptions Hobbies any other fun st

any other fun stuf

Spreadsheet analysis
1

Looking at "Results" page - cell C9 - if you are an employee of a company, what percen

Looking at "Results" page - cell C9 - if you are self-employed, what percent of your payc

Looking at "Results" page - cell C10 - if you are an employee of a company, what perce

Looking at "Results" page - cell C10 - if you are self-employed, what percent of your pa

Looking at "Results" page - cell C11 - what percent of your income will go to the State g

Looking at "Results" page - cell C12 - what percent of your income will go to your local

Looking at "Results" page - cell C14 - what is the monthly cost of health insurance for y

Looking at "Results" page - cell C14 - what is the monthly cost of health insurance for y

Looking at "Results" page - cell C14 - what is the monthly cost of health insurance for y

10 Looking at "Results" page - cell C14 - what is the monthly cost of health insurance for y

11 Looking at "Results" page - cell C15 - if you make contributions to your retirement fund

12 Looking at "Results" page - cell C16 - how much will an average 25 year old pay for Life

13 Looking at "Results" page - cell E16 - how much will an average 35 year old pay for Life

14 Looking at "Results" page - cell G16 - how much will an average 50 year old pay for Life

15 Looking at "Results" page - cell C17 - what is the monthly cost per person for Dental an

16 Looking at "Results" page - cell C19 - if you buy a NEW vehicle, what is your monthly pa

17 Looking at "Results" page - cell C19 - if you LEASE a vehicle or buy a USED vehicle, wha

18 Looking at "Results" page - cell C20 - what is the monthly rent payment for an apartme

19 Looking at "Results" page - cell C20 - what is the monthly mortgage payment if you ow

20 Looking at "Results" page - cell C20 - if you lived in a more expensive community, your
21 Looking at "Results" page - cell C21 - how much does each person pay for a cell phone

22 Looking at "Results" page - cell C22 - if you are renting, what would be your monthly co

23 Looking at "Results" page - cell C22 - if you own a home, what would be your monthly c

24 Looking at "Results" page - cell C23 - what is the monthly cost for Internet TV and home

25 Looking at "Results" page - cell C24 - if you chose to donate to charities, what percent o
26 Looking at "Results" page - cell C25 - if you have school loans to pay off, what percent

27 Looking at "Results" page - cell C26 - if you pay for a fitness club, what would be your m

28 Looking at "Results" page - cell C27 - what is the average cost of a meal at a typical res

29 Looking at "Results" page - cell C29 - how many miles will the average vehicle be drive

30 Looking at "Results" page - cell C29 - what is the average miles per gallon (MPG) for ea

31 Looking at "QuestionsAnswers" page - cell E15 - how many hours per year does the ave

pany, what percent of your paycheck will be sent to t

6.20%

ercent of your paycheck will be sent to the US govern

12.40%

mpany, what percent of your paycheck will be sent t

1.45%

percent of your paycheck will be sent to the US gove

2.90%

ill go to the State government?

4%

ill go to your local city and/or county government?

1%

alth insurance for yourself?

$180

alth insurance for yourself and your spouse?

$280

alth insurance for yourself and a child?

$380

alth insurance for yourself, your spouse, and your chil

$480

ur retirement fund, what percent of your income will

$0

ear old pay for Life Insurance each year if you chose t

$180

ear old pay for Life Insurance each year if you chose t

$280

year old pay for Life Insurance each year if you chose t

$480

erson for Dental and Vision insurance?

$20

is your monthly payment?

$200

USED vehicle, what is your monthly payment?

$400

ent for an apartment?

$1,600

payment if you own your home?

$1,600

e community, your housing costs would be how muc

$1,600

ay for a cell phone plan?

be your monthly costs for utilities?

be your monthly costs for utilities?

ternet TV and home WIFI?

$80
$350
$150
$150

ties, what percent of your income will be spent on your

off, what percent of your income will be spent on sch

hat would be your monthly fitness club payment?

meal at a typical restaurant?

ge vehicle be driven each year?

gallon (MPG) for each vehicle that you own and/or lea

r year does the average person spend on the job?

0
$40
14,000
25
2000