Personal Financial Timeline

By fetwill
  • Pay for spots.

    Pay for spots.
    I play football. Football is expensive because you need the right gear to play it. Getting good gear for football might cost 500 dollars for one year.
  • Period: to

    College

    I want to repay my parents because they will pay for college. So I have to start saving so I can do that. One thing that would help is spending money on video games like Fortnite.
  • Buy a house.

    Buy a house.
    It is expensive to buy a house. The average home in NC costs $322,527. However, if I start saving when I enter college, by the time I am an adult, I can afford one. I will have to save 30000 dollars annually for ten years to afford one.
  • Vacation

    Vacation
    When I am an adult, I want to go on vacation. The average vacation costs $1,919 per week for one person. To make it a good vacation, I would need a long-term savings plan. I would save $6000 for ten years.
  • New Truck

    New Truck
    When I am in my 50s, I want a big truck. New trucks today are 46,000 dollars. If I save $10,000 for 15 years I will be able to afford it by my 50's.
  • Retirement

    Retirement
    I want to live a good retirement life. So, if I save $50,000 for 20 years, it will be a long-term savings investment. After ending my career, I will be able to live a comfortable life.