Personal Life Map Portfolio Fall 2018

LIFE MAP PORTFOLIO SUMMARY - Current and Year 1
Name: Rachel Cahoon
INSTRUCTIONS:
This final personal cash flow and net worth statements for your current situation today and for year 1. You c
on this worksheet. Everything on this worksheet is a link from other worksheets.
PERSONAL CASH FLOW STATEMENT
Current (Today)
ANNUAL INCOME
Annual Salary $ -
Bonus / Commissions / Tips -
Other Wages and Salary 823
Investment Income -
TOTAL INCOME 823
ANNUAL TAXES
Part 1 - INCOME
Social Security 51
Medicare 12
Federal Income Taxes 90
State Income Taxes 50
Local Income Taxes 8
Income Taxes on Investments -

TOTAL TAXES 211
ANNUAL AFTER TAX CASH FLOW INFLOWS 612
1
HOUSING EXPENSES
Rent (e.g Dorm Room, Apartment) 5,196
Electricity 480
Heating Fuel (gas / oil) 600
Water & Sewage 240
other utilities 1 -
other untilities 2 -
COMMUNICATIONS SERVICES
Cellular phone & Data 675
Internet -
other -
other -
DAILY LIVING EXPENSES
Groceries, Personal Products 80/weekly
Dining out 40/weekly
other -
other -
RECREATION / ENTERTAINMENT
Hobbies and Activities 30/weekly
Travel -
other -
other -
TRANSPORTATION
ending on ProductsBus
and Services
/ Rail Pass -
Ride Services 5
Car Lease Payments (not loan) -
Auto Maintenance 400
Auto Fuel (gas) 40/monthly
Parking pass 140/monthly
other -
EDUCATION
Tuition 38,220
Student Fees 1,470
Books and Supplies 600
other -
2
other -
PURCHASES
Clothing 300
Equipment -
Electronics and Toys 1,800
other -
other -
OTHER
other -
other -
TOTAL SPENDING ON PRODUCTS AND SERVICES 49,986
TRANSFERS TO SAVINGS
Part 2 Transfer to Savings -
- Transfer from Savings -
Liquid other changes to savings (increases as positive,
decreases as negative)
ity -
NET TRANSFER TO/FROM SAVINGS -
DEBT PAYMENTS
Credit Card Payments -
Repayment of Principal -
Interest Expense and Fees -
Total Credit Card New Purchases -
Student Loan Payments -
Car Loan Payments 5,575
Repayment of Principal 5,526
Part 3 - Financing Interest Expense and Fees 49
Other Loans -
Mortgage Loan Payment -
New Loans Funds Received Directly In CASH -
TOTAL INTEREST EXPENSE AND FEES 49
NET DEBT CHANGES UP / (DOWN) (5,526)
INSURANCE
3
Part 4
Car Insurance 1,368
Health Insurance -
Life Insurance -
Part 4 Disability Insurance -
- Renter's Insurance -
Home Owners Insurance -
Asset Private Mortgage Insurance -
Prote other insurance -
ction PROPERTY TAXES -
HEALTHCARE EXPENSES
Out of Pocket Medical Expenses 100
other healthcare expenses -
TOTAL ASSET PROTECTION EXPENSES 1,468
NEW NON-RETIREMENT INVESTMENTS

New Investments Purchased -
other -
TOTAL NEW INVESTMENTS -
Part 5
- REDEEMED INVESTMENTS
Inves Proceeds from Investment Sales -
ting other -
TOTAL PROCEEDS FROM INVESTMENTS -
Net realized gain or loss on investment -

NET CHANGE IN INVESTMENTS -
1. PERIODIC CONTRIBUTION TO INDIVIDUAL RETIREMENT

ACCOUNTS -
Part 6
- 2. CONTRIBUTION TO EMPLOYER RETIREMENT ACCOUNTS -
Retire TOTAL CONTRIBUTION TO RETIREMENT FROM YOUR CASH
ment FLOW
-
3. EMPLOYER CONTRIBUTION TO RETIREMENT ACCOUNT

(Does not come from cash flow) -
TOTAL CONTRIBUTION TO RETIREMENT -
TOTAL CASH OUTFLOWS 45,977
4
NET CASH FLOW (45,365)
Name: Rachel Cahoon Print Date:
PERSONAL BALANCE SHEET Current (Today)
LIQUID ASSETS
Cash / Checking Account 3,002
Savings Account 30,707
other liquid assets -
TOTAL LIQUID ASSETS $ 33,709
HOUSEHOLD ASSETS AND REAL ESTATE

Home Furnishing $ 100
Clothing and Personal Goods 500
Car 13,206
Real Estate -
Other High Value Insured Assets -
other misc household assets 1,500
TOTAL HOUSEHOLD ASSETS AND REAL ESTATE $ 15,306
S (THINGS THATINVESTMENT
YOU OWN) ASSETS (Not in Retirement Accounts)
Large-Cap Equity $ -
Small-Cap Equity -
International Equity -
Fixed Income -
Cash -
other investment assets -
TOTAL INVESTMENT ASSETS (Not in Retirement Accounts) $ -
INVESTMENT ASSETS (In Retirement Accounts)

Individual Retirement Accounts $ -
Employer Retirement Account -
Employer Contribution -
TOTAL INVESTMENT ASSETS (Retirement) $ -
TOTAL ASSETS $ 49,015
CURRENT LIABILITIES
Total Credit Card Balance -
other short term loans (< 1 yr) -
TOTAL CURRENT LIABILITIES $ -
LIABIL
ITIES 5
AND
LIABIL LONG TERM LIABILITIES
ITIES Student Loan Balance $ 17,500
AND Car Loan Balance 1,850
NET Other Personal Loans -
Mortgage Loan Balance -
WOR other long term loans (> 1 yr) -
TH TOTAL LONG TERM LIABILITIES $ 19,350
TOTAL LIABILITIES $ 19,350
NET WORTH $ 29,665
6
Print Date: 12/15/2018
ituation today and for year 1. You can not edit anything
ksheets.
TEMENT
Year 1 Worksheet
Year 1 References
$ 27,900
Wks2b
1,000
Wks2b
1,000
Wks2b
500
Wks2b
30,400
$ -
Wks2b
1,885
Wks2b
441
Wks2b
2,534
Wks2b
1,265
Wks2b
-
Wks2b
6,125
24,275
7
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
3,375
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
960
Wks3a
480
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
100/weekly
Wks3a
1,000
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
200
Wks3a
60/monthly
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
8
-
Wks3a
-
Wks3a
300
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
-
Wks3a
- Wks3a
6,315
9,000 Wks3b
1,650 Wks3b
1,000 Wks3b
(7,350)
3,535 Wks5a
2,622 Wks5a
913 Wks5a
1,534 Wks5a
917 Wks5a
617 Wks5a
3,682 Wks5a
2,233 Wks5a
1,449 Wks5a
3,682 Wks5a
2,233 Wks5a
1,449 Wks5a
5,460 Wks5b
756 Wks5b
2,595 Wks5b
- Wks 4 & 5a
7,023 calculated
(8,760) calculated
9
511 Wks6a
2,500 Wks6c
220 Wks6c
- Wks6c
29 Wks6b
- Wks6b
390 Wks5b
- Wks6b
1,739 Wks5b
33 Wks6c
- Wks6c
5,422 calculated
- Wks7a
- Wks7a
-
- Wks7a
- Wks7a
-
- Wks7a
-
600 Wks7b
600 Wks7b
1,200 Wks7b
25 Wks7b
1,225
18,550
10
5,725
Net cash flow in Year 1 flows into the
cash/checking account end of year 1
balance.
12/15/2018
START Year 1 END
3,000 8,725 Year 1 Net Cash Flow

31,500 38,350 Wks3b
- - Wks3b
$ 34,500 $ 47,075
$ 100 - Wks6b
500 - Wks6b
11,000 11,575 Wks5a
- 154,848 Wks5b
- - Wks5a
1,500 - Wks6b
$ 13,100 $ 166,423
$ - - Wks7a
- - Wks7a
- - Wks7a
- - Wks7a
- - Wks7a
- - Wks7a
$ - $ -
$ - 600 Wks7b
- 600 Wks7b
- 25 Wks7b
$ - $ 1,225
$ 47,600 $ 214,723
- 1,132 Wks4
- - Wks4
$ - $ 1,132
11
$ - 27,943 Wks5a
- (844) Wks5a
- (2,233) Wks5a
- 124,086 Wks5b
- - Wks5a
$ - $ 148,953
$ - $ 150,085
$ 47,600 $ 64,639
12
Worksheet 1a - Professional and Personal Goals
Name: Rachel Cahoon Last Edit Date:
Instructions
1. List three professional goals after graduation, what the status is of each goal, and your plan to achieve each goa
2. List three personal goals after graduation, what the status is of each goal, and your plan to achieve each goal
3. Using your textbook and the resources listed below, research at least two difference career options and comple
questions.
PART 1: Professional Goals (after graduation)

I would like to: Current status of each goal:
1 Perform on a cruise ship Working towards it
2 Book a national/international tour Working towards it
3 Get a steady job that will provide me with Working towards it

a steady income
PART 2: Personal Goals (before and after graduation)

I would like to: Current status of each goal:
1 Move to a big theatre city (after) not working on it, focusing on college
2 Get cast as a main role in a mainstage working towards it, have not achieved yet
production at Point Park (before)
3 Adopt a pet from a shelter (after) currently not working on
PART 3: After Graduation Professional Plans

Career Option #1
Job Title Actor
Job Description working as a professional actor in shows in

New York and in regional theatres
Educational Requirement none required, I am getting a B.F.A.
Advancement Potential can start as an ensemble member and

work your way up to a lead role
13
Expected Starting Base Salary ($) (annual $36,379.00
in year 1)
Expected Additional Comp. very varied, from $0-$20,000

(bonus/commission/tip, annual in year 1)
Expected Salary Range (5-10 years from $44,000.00

now)
Expected Location for Employment (city, New York City, New York
state, country)
Expected Cost of Living Index $6,000.00
Resources
Bureau of Labor Statistic www.bls.gov

Commerical Payscale tool www.payscale.com
Cost of Living Comparison www.numbeo.com/cost-of-living/comparison.jsp
Council for community and economic researccoli.org
14
Thursday, September 06, 2018
al, and your plan to achieve each goal

nd your plan to achieve each goal
difference career options and complete the worksheet
General plan to achieve each goal:

Training to become better prepared to
perform on a cruise ship, audition once I
graduate
Training to become better prepared to
perform in a tour, audition once I graduate
study some business, apply for more

business based jobs
General plan to achieve each goal:

plan out what city I want to live in, who I
want to live with, find an apartment to rent
near the big studios
work in class to improve on my skills
once I’m settled for at least 6 months in a

specific city, I’ll adopt a pet
Career Option #2
Financial Clerk
administrative work, organize financials,

keep records
High school diploma, some college and

business classes
move up into a more managerial position

in a company
15
$30,000.00
about $3,000
$32,000.00
anywhere in the United States in a major

city, probably Washington D.C.
$4,776.00
search "occupation"
try "What am I worth?"
ving/comparison.jsp
16
Worksheet 1b - Monthly Plan for Year 1
Name: Rachel Cahoon
Instructions: 1. Describe your general plan for the next 12 months. Work, school, travel, vacation, or a
2. Complete the grid below to map out the first 12 months after graduation. This can and
1. What is your overall plan for the Once I graduate, I hope to secure a job working on a cruise ship for at least 9 months. Aft
first twelve months after
graduation?
Months Following Graduation: Month 1 Month 2 Month 3 Month 4

2. What will be your living Live at home Live at home. Live on Live on
arrangement? Will you be living at right after location in location in
home for a while, then moving into graduation. accommodatio accommodatio
an apartment? Buying a house ns provided by ns provided by
during year 1? contract for contract for
cruise line cruise line
rehearsals rehearsals
3. What are your work and/or Work as a Work as Rehearsing for Rehearsing for
school plans? How long do you waitress, waitress, cruise line cruise line
think it will take to locate work in auditioning for auditioning shows shows
your chosen field? Put your cruise lines still.
expectation for your work status while I work.
month by month.
4. Where will you be living? City, Fairfax, Fairfax, Toronto, Toronto,

State, and Country? Virginia, U.S. Virginia, U.S. Canada Canada
5. How will you get around? Walk, Drive by car, Drive by car, Walking, Walking,
cycle, bus, train, car or a using my old using my old public public
combination? Do you need to buy a car. car. transportation, transportation,
vehicle? When? ride service ride service
6. How will you get health Parents Parents Employer Employer

insurance? Parents? Employer?
Individual?
17
Last Edit Date: Thursday, September 06, 2018
hs. Work, school, travel, vacation, or a little bit of everything.

months after graduation. This can and should be revised as your financial plans change or your life plans change.
a cruise ship for at least 9 months. After that, I plan to move to New York City and work.
Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11

Live onboard Live onboard Live onboard Live onboard Live onboard Live onboard Live onboard
cruise ship. cruise ship. cruise ship. cruise ship. cruise ship. cruise ship. cruise ship.
Performing on Performing on Performing on Performing on Performing on Performing on Performing on

board cruise board cruise board cruise board cruise board cruise board cruise board cruise
ship in daily ship in daily ship in daily ship in daily ship in daily ship in daily ship in daily
shows. shows. shows. shows. shows. shows. shows.
Multiple Multiple Multiple Multiple Multiple Multiple Multiple

locations locations locations locations locations locations locations
Walking, boat Walking, boat Walking, boat Walking, boat Walking, boat Walking, boat Walking, boat
Employer Employer Employer Employer Employer Employer Employer
18
ursday, September 06, 2018
ge.
Month 12
Live onboard
cruise ship.
Performing on
board cruise
ship in daily
shows.
Multiple
locations
Walking, boat
Employer
19
Worksheet 2a - Current Cash Flow Statement and Balance Sheet (TO
Name: Rachel Cahoon
INSTRUCTIONS: Enter all values as positive numbers in the Yellow "Current" Column.
You may enter personal notes and explanation in the yellow column marked "Personal Notes."
ANNUAL PERSONAL CASH FLOW STATEMENT
ANNUAL INCOME
Annual Salary
Bonus / Commissions / Tips
Other Wages and Salary
Investment Income
TOTAL INCOME
ANNUAL TAXES
Part 1 - INCOME
Social Security
Medicare
Federal Income Taxes
State Income Taxes
Local Income Taxes
Income Taxes on Investments

TOTAL TAXES
ANNUAL AFTER TAX CASH FLOW INFLOWS
20
HOUSING EXPENSES
Rent (e.g Dorm Room, Apartment)
Electricity
Heating Fuel (gas / oil)
Water & Sewage
other utilities 1
other untilities 2
Cellular phone & Data
Internet
other
other
Groceries, Personal Products
Dining out
other
other
Hobbies and Activities
Travel
other
other
TRANSPORTATION
ending on Products and Services
Bus / Rail Pass
Ride Services
Car Lease Payments (not loan)
Auto Maintenance
Auto Fuel (gas)

Parking pass
other
EDUCATION
Tuition
Student Fees
Books and Supplies
21
other
other
PURCHASES
Clothing
Equipment
Electronics and Toys
other
other
OTHER
other
other
TOTAL SPENDING ON PRODUCTS AND SERVICES
TRANSFERS TO SAVINGS
Part 2 Transfer to Savings
- Transfer from Savings
other changes to savings (increases as positive, decreases
Liquid as negative)
ity
NET TRANSFER TO/FROM SAVINGS
DEBT PAYMENTS
Credit Card Payments
Repayment of Principal
Interest Expense and Fees
Total Credit Card New Purchases
Student Loan Payments
Car Loan Payments
Part 3 - Financing Interest Expense and Fees
Other Loans
Mortgage Loan Payment
New Loans Funds Received Directly In CASH

TOTAL INTEREST EXPENSE AND FEES
22
NET DEBT CHANGES UP / (DOWN)
INSURANCE
Car Insurance
Health Insurance
Life Insurance
Part 4 Disability Insurance
- Renter's Insurance
Asset Home Owners Insurance
Prote Private Mortgage Insurance
other insurance
ction PROPERTY TAXES
HEALTHCARE EXPENSES
Out of Pocket Medical Expenses
other healthcare expenses
TOTAL ASSET PROTECTION EXPENSES

New Investments Purchased
other
TOTAL NEW INVESTMENTS
Part 5
Proceeds from Investment Sales
Inves other
ting TOTAL PROCEEDS FROM INVESTMENTS
Net realized gain or loss on investment
NET CHANGE IN INVESTMENTS
1. PERIODIC CONTRIBUTION TO INDIVIDUAL RETIREMENT Select

ACCOUNTS Frequency
(Pull Down)
Amount per week
X 52
2. CONTRIBUTION TO EMPLOYER RETIREMENT ACCOUNTS Select

Frequency
(Pull Down)
Part 6 Amount per Month
X 12
-
Retire TOTAL CONTRIBUTION TO RETIREMENT FROM YOUR CASH FLOW
ment
23
Retire
ment
3. EMPLOYER CONTRIBUTION TO RETIREMENT ACCOUNT (Does
not come from cash flow) Percent of
Base Salary
2.00%
Base Salary $ -
TOTAL CONTRIBUTION TO RETIREMENT
TOTAL CASH OUTFLOWS
NET CASH FLOW
Name: Rachel Cahoon
PERSONAL BALANCE SHEET

LIQUID ASSETS
Cash / Checking Account
Savings Account
other liquid assets
TOTAL LIQUID ASSETS

Home Furnishing
Clothing and Personal Goods
Car
Real Estate
Other High Value Insured Assets
other misc household assets
TOTAL HOUSEHOLD ASSETS AND REAL ESTATE
INVESTMENT ASSETS (Not in Retirement Accounts)

S (THINGS THAT YOU OWN)
Large-Cap Equity
Small-Cap Equity
International Equity
Fixed Income
Cash
other investment assets
TOTAL INVESTMENT ASSETS (Not in Retirement Accounts)

Individual Retirement Accounts
Employer Retirement Account
24
Employer Contribution
TOTAL INVESTMENT ASSETS (Retirement)
TOTAL ASSETS
CURRENT LIABILITIES
Total Credit Card Balance
other short term loans (< 1 yr)
TOTAL CURRENT LIABILITIES

ITIES Student Loan Balance
AND Car Loan Balance
NET Other Personal Loans
Mortgage Loan Balance
WOR other long term loans (> 1 yr)
TH TOTAL LONG TERM LIABILITIES
TOTAL LIABILITIES
NET WORTH
25
and Balance Sheet (TODAY)
Last Edit Date:
mn marked "Personal Notes."
Current (Today) Personal Notes
DISCLAIMER! I don’t technically pay for any of these bills, my parents pay most of them as I have no income.
I haven’t had a consistent job this year,
so I don’t have an annual salary
$ -
Same as above
-
Performed in two musicals this summer
where I received one time checks for
823 each performance.
None
-
I don’t have a consistent job to make a
consistent salary, but I do sometimes
have one-time jobs where I receive one
823 time checks.
51
12
90
50
8
no investments
-
211
612
26
My monthly rent is $433.
5,196
Changes monthly.
480
Same as above
600
Same as above
240
n/a
-
n/a
-
annually (56.25 monthly)

675
included in rent
-
n/a
-
n/a
-
rough estimate
80/weekly
fast food, starbucks, snacks
40/weekly
n/a
-
-
manicures, bowling, movies, etc

30/weekly
don't travel much
-
n/a
-
n/a
-
n/a
-
Uber maybe once a week
5
rough estimate
400
Don’t drive that much, so I don’t fill my
40/monthly car up very often
Pay to park my car in a lot
140/monthly
-
yearly, without my yearly $17,000

38,220 scholarships
1,470
textbooks and other notebooks
600
27
300
new phone and new macbook this year

1,800
49,986
-
-
- My parents pay these bills

-
-
-
-
-
-
5,575 yearly amount
5,526 yearly amount
49 yearly amount
-
-
-
-
-
-
-
49
28
(5,526)
1,368 yearly amount

I don’t pay this, I’m on a family plan
-
- Don’t pay
- Don’t pay
- Don’t have
- Don’t own a home
- none
-
-
100 estimate for yearly costs

-
1,468
-
-
-
-
-
-
Contribution ($) per

period
$ -
-
Contribution ($) per

period
$ -
-
29
-
45,977
(45,365)
Print Date: 12/15/2018
Current (Today) Personal Notes
$ 3,002
30,707
-
$ 33,709
$ 100
500
13,206
-
-
1,500 computer and phone
$ 15,306
-
-
-
-
-
$ -
$ -
-
30
-
$ -
$ 49,015
-
-
$ -
$ 17,500 after 4 1/2 semesters of loans

1,850 what’s left to pay of
-
-
-
$ 19,350
$ 19,350
$ 29,665
31
Suggestions and Advice
bills, my parents pay most of them as I have no income.
Estimate based on your last pay stub.
unlikely for most
unlikely for most
32
Total cost for the year, room only.
Only if billed seperately.
Specify other
Specify other
cell phone bill including data charges
Separate subscriptions (Hulu, Nexflix)

Specify other
Groceries or school board plan cost

Include Starbucks and snack stops
Specify other
Specify other
Specify other
Specify other
Uber, Lyft?
Only include if the vehicle is leased.
Estimate an annual number.
Specify other
Specify other
Total tuition, before student loans.
33
Specify other
Specify other

Specify other
Specify other
Specify other
Specify other
Estimate an annual number. May be zero

Estimate an annual number. May be zero
For transfers to your savings by others (enter as +) or transfer
from savings by other (enter as -)
A positive value is a net transfer FROM Savings to Cash Flow.

A negative is a net transfer TO Savings
Total of payments on your credit card

Principal portion of your car payment
This is the interest paid on your credit card
Total amount of new credit card purchases
Total payment of principal and interest
This is only the repayment of principal
This is the interest portion of your loan
This is only for new loans taken out or cash advances on
credit cards.
34
Annual premium cost.
Do you pay this?

Your payments, not your employer's payment.
Your payments, not your employer's payment.
To protect your stuf in an apartment.
To protect your stuf and your houses.
Only if you have a mortgage loan.
Specify other
Tax on real estate and other property.
Co-payments, vitamins, etc.

Specify other
Include reinvestment of investment proceeds.

Specify other. This is unlikely
Specify other. This is unlikely. Gifts of Investments
For information only.

This is the diference between investments made and
redeemed.
The "Select Frequency" is a full down
35
This does not come form your Cash Flow.
Base Salary is linked from above
Specify other
Estimate at garage sale values

Estimate at garage sale values
Estimate using www.kbb.com
Try Zillow to estimate house value.
Specify other Large Ticket items.
Specify other
Market Value
Market Value
Market Value
Specify other
Specify other
Specify other
Market Value
Market Value
36
Market Value
Credit Card Balance as of Today.

Other short term loans (<1 year)
Specify other loans ( > 1 year)
37
Worksheet 2b - Projected Income Taxes for Year 1
Instructions: Go to IRS.gov and complete the "Withholding Calculator" to determine total federal income taxes
withheld from your taxes. See the link below.
Determine the state and local tax rates and multiply by the Total Earned Income. This will require some
research and should be discussed in class.
Year 1
PROJECTED INCOME FOR YEAR 1
$ 27,900
Salary
Bonus 1,000
Commission/Tips 1,000
other income (specify here) 500
TOTAL EARNED INCOME 30,400
PROJECTED TAX WITHHOLDING FOR YEAR 1

Social Security (calculated) 1,885
Medicare (Calculated) 441
Federal Income Taxes (from irs.gov) 2,534
State Income Taxes VA 1,265
Local Income Taxes Fairfax -
Resources
IRS Withholding calculator for Federal Taxes https://apps.irs.gov/app/withholdingcalculator/
State and Local Tax Rates https://taxfoundation.org/state-and-local-sales-tax-rates-2018/
https://taxfoundation.org/state-individual-income-tax-rates-brackets-2
38
xes for Year 1
ator" to determine total federal income taxes
by the Total Earned Income. This will require some
Personal Notes Suggestions and Advice
Estimated minimum wage for first two

months, then estimated pay on cruise ship
Estimated bonus based on research
estimated tips
side jobs
Social Security Tax Rate 6.2%

Max. Taxable Income for Socia $ 128,400
Medicare Tax Rate below Thre 1.45%
Medicare Tax Threshold $ 200,000
rate is 5.75% Medicare Tax Rate above Thre 0.90%
no local in Fairfax, VA
s.irs.gov/app/withholdingcalculator/
oundation.org/state-and-local-sales-tax-rates-2018/
oundation.org/state-individual-income-tax-rates-brackets-2018/
39
Worksheet 3a - Personal Spending (YEAR 1) and Starting Balance She
INSTRUCTIONS: Enter all values as positive numbers for your first year after graduation.
ANNUAL PERSONAL CASH FLOW STATEMENT

Components Categories and Details YEAR 1 ($)
INCOME
Salary $ 27,900
Bonus / Commissions / Tips 2,000
Other Wages and Salary 500
Investment Income -
TOTAL INCOME 30,400
TAXES
Part 1 - INCOME Social Security 1,885
Medicare 441
Federal Income Taxes 2,534
State Income Taxes 1,265
Local Income Taxes -
Income Taxes on Investments -

TOTAL TAXES 8,451
AFTER TAX CASH FLOW 21,949
HOUSING EXPENSES
40
Rent (e.g Dorm Room, Apartment) $ -
Electricity -
Heating Fuel (gas / oil) -
Water & Sewage -
other utilities 1 -
other untilities 2 -
Cellular phone & Data $ 3,375
Internet -
other -
other -
Groceries, Personal Products $ 960
Dining out 480
other -
other -
Hobbies and Activities 100/weekly
Travel 1,000
other -
other -
TRANSPORTATION
ending on Products and Services
Bus / Rail Pass $ -
Ride Services -
Car Lease Payments (not loan) -
Auto Maintenance 200
Auto Fuel (gas) 60/monthly
Parking pass -
other -
EDUCATION
Tuition $ -
Student Fees -
Books and Supplies -
other -
other -
PURCHASES
41
Clothing $ 300
Equipment -
Electronics and Toys -
other -
other -
OTHER
other $ -
other -
TOTAL SPENDING ON PRODUCTS
AND SERVICES $ 6,315
Name: Rachel Cahoon Print Date:
PERSONAL BALANCE SHEET Current (Today)
LIQUID ASSETS
Cash / Checking Account $ 3,002
Savings Account 30,707
other liquid assets -
TOTAL LIQUID ASSETS $ 33,709

Home Furnishing $ 100
Clothing and Personal Goods 500
Car 13,206
Real Estate -
Other High Value Insured Assets -
other misc household assets 1,500
TOTAL HOUSEHOLD ASSETS AND REAL ESTATE $ 15,306
INVESTMENT ASSETS (Not in Retirement Accounts)

S (THINGS THAT YOU OWN)
Stocks $ -
Bonds -
Mutual Funds -
Fixed Income -
Cash -
other investment assets -
TOTAL INVESTMENT ASSETS (Not in Retirement
Accounts) $ -
42
Individual Retirement Accounts $ -
Employer Retirement Account -
Employer Contribution -
TOTAL INVESTMENT ASSETS (Retirement) $ -
TOTAL ASSETS $ 49,015
CURRENT LIABILITIES
Total Credit Card Balance $ -
other short term loans (< 1 yr) -
TOTAL CURRENT LIABILITIES $ -

ITIES Student Loan Balance $ 17,500
AND Car Loan Balance 1,850
NET Other Personal Loans -
Mortgage Loan Balance -
WOR other long term loans (> 1 yr) -
TH TOTAL LONG TERM LIABILITIES $ 19,350
TOTAL LIABILITIES $ 19,350
NET WORTH $ 29,665
43
and Starting Balance Sheet
Wednesday, September 26, 2018
raduation.
Transferred from Worksheet 2b.
unlikely for most
Transferred from Worksheet 2b. 6.2%
Transferred from Worksheet 2b. 1.45%
44
While living at home, I wouldn’t be paying ren
Total cost for the year only room.
See above
See above
See above
While working on a cruise ship, using your ph

cell phone bill including data charges
Internet covered at home and on cruise ship.
Separate subscriptions (Hulu, Nexflix, Steam, etc)

Specify other
80/weekly. Covered on board cruise ship

Groceries or school board plan cost
40/weekly. Covered on cruise
Include Starbucks and snack stops
At home, won’t use as much. On board ship, will spend a good amount of money at ports.
Save for one trip while I’m home
Uber, Lyft?
Only include if the vehicle is leased.
Less likely to need maintenance when onboar
While I live at home.
Out of school, no more fees.

Total tuition, before student loans.
45
12/15/2018
START of Year 1 Personal Notes
$ 3,000 keep the same amount in this account

31,500 rough estimate
-
$ 34,500
$ 100 These will all be about the same.

500
11,000 My car will depreciate a bit in value.
-
-
1,500
$ 13,100
$ - I probably won’t have these still.

-
-
-
-
-
$ -
46
$ -
-
-
$ -
$ 47,600
$ -
-
$ -
- This will be paid of by now.

-
-
-
$ -
$ -
$ 47,600
47
###
### 0.90%
48
49
50
51
Worksheet 3b - Savings and Other Liquid Assets
Instructions: 1. Estimate your Starting Balance for Savings (at graduation)

2. Estimate how much you can transfer into savings each month.
3. Estimate any planned transfers from Savings during Year 1
4. Estimate any planned transfer into and out of savings by someone else.
5. Estimate the market value of any other liquid assets at the end of year 1. e.g. CDs, money mark
VALUES ($)
PART 1. ESTIMATED SAVINGS AT START OF YEAR 1 30,000
PART 2. + PLANNED REGULAR TRANSFERS TO SAVINGS FROM INCOME
Amount per Month $ 750
X 12 9,000
PART 3. - PLANNED TRANSFER FROM SAVINGS TO COVER EXPENSES

Purpose of Planned Transfer from Savings
$ 1,000
Transfer 1
Transfer 2 $ 200
Transfer 3 $ 150
Transfer 4 $ 200
Transfer 5 $ 100
-TOTAL PLANNED TRANSFER FROM SAVINGS $ 1,650
$ 1,000
PART 4. TRANSFER INTO YOUR SAVINGS BY OTHERS

TRANSFER FROM YOUR SAVINGS TO OTHERS $ -
NET CHANGE TO SAVINGS BY/TO OTHERS $ 1,000
NET CHANGE TO (FROM) SAVINGS 8,350
52
= ESTIMATED SAVINGS AT END OF YEAR 38,350
PART 5. ESTIMATED MARKET VALUE OF OTHER LIQUID ASSETS AT THE END OF YEAR 1.
List of Other Liquid Assets Owned at the end of Year 1
Other Liquid Assets 1 $ -
Other Liquid Assets 2 -

Other Liquid Assets 3 -
Total Other Liquid Assets $ -
53
tion)
h month.
ear 1
by someone else.
t the end of year 1. e.g. CDs, money market funds, etc. that were not included anywhere else.
What I will have right out of college. What is the balance in savings at the start of the year.
My first year out, I plan to have a job

where I can save a good amount of Select the frequency of the transfer and a periodic transfer
money in order to feel more secure. amount.
For all of these I’d hope I won’t have to

transfer a lot of money to pay for
certain expenses, since I will already
have a good amount of money in my
checking.
Specific plans to cover expeneses from savings
I don’t think much will be put into my

account by someone else, some
uncashed bonds maybe. Cash put into your savings by someone else.
Cash paid out of your savings to someone else.
A negative value means savings is going down. A positive

value means that your savings balance is doing up.
54
I don’t think I’ll really have any of these.
CDs, money market funds, etc.
55
Worksheet 4 - Credit Cards
Instructions: 1. Enter your credit card balance and evaluate how long it would take to pay of the card given dife
monthly payment options. Try this for each card you have.
2. Enter your estimated credit card balances at the start of year 1 and your planned repayment am
on part 1 in the bottom of the worksheet. These totals will transfer to your plan.
3. Total cash advances on credit cards planned for Year 1. The cash advance will go to loan proceed
plan and the cash advance fee will go to expenses in your plan.
4. If you do not have a credit card, and do not plan on using one, you should still complete part 1 to
the minimum payment calculation extends the time of repayment.
5. Estimate the balance of any other short term loans to others.
Values
PART 1: Credit Card Repayment Example
Ending Balance at Last Statement $ 6,376
Interest Rate for Purchases 17.74%
Minimum Payment Required Shown on

Statement $ 63.00
EXAMPLE: What is the Minimum Payment Due (Calculated)
Minimum Payment (% of Principal) 1.00%
Minimum Dollar Payment $ $ 63
Calculated Initial Monthly Minimum Payment Due $ 158
Time and Cost of Repayment Paying Only the Minimum Payment Due
Months Required for Repayment 252

Total Interest over Repayment $ 8,692
Total Of Payments 15,068
Balance After 12 Months of Payments 5,651
Principal Reduction in 12 Months 724
Interest Paid for 12 Months in Year 1 1,071
Making a Payment Larger than the Minimum Required
56
Additional Payment above the Minimum Payment Required
$ 167.00
New Planned Initial Monthly Payment $ 325.01
Time and Cost of Repayment Paying $167 above the Minimum Payment
Months Required for Repayment 36
TOTALTotal Interest over Repayment $ 1,408
Total Of Payments $ 8,283
New Balance After 12 Months of Payments $ 3,754
Principal Repayment over 12 Months $ 2,622
12 Months
Interest Expense Paid in 12 Months $ 913
Total of Payments in 12 Months $ 3,535
Savings by Making More Than the Minimum Payment Due
Months of Repayment is shorter by 216

Interest Savings $ 7,284
Increased Principal Reduction in 12 Months $ 1,897
PART 2: CREDIT CARD BALANCES (ESTIMATE FOR THE START OF YEAR 1)
Outstanding
Balance at the Total of Payment for
Credit Card Name start of Year 1 12 Months in Year 1
Card 1 $ 3,754 $ 3,535 0
Card 2
Card 3
Card 4
Card 5
Total Credit Cards $ 3,754 $ 3,535
PART 3: PROCEEDS OF CASH ADVANCES ON CREDIT CARDS
Cash Advance
Credit Card Name Amount Cash Advance Fee
Card 1 $ - $ -
Card 2 - -
Card 3
Card 4
Card 5
Total Cash Advance on Credit Cards $ - $ -
57
PART 5: OTHER SHORT TERM LOANS TO OTHERS
Estimate the value of any other short term loans owed to End of Year 1
others Balance Owed
Loan 1 $ -
Loan 2 -
Loan 3 -
Total other short term loans owed to others $ -
58
Wednesday, October 10, 2018
ong it would take to pay of the card given diferent

have.
art of year 1 and your planned repayment amounts based
s will transfer to your plan.
ar 1. The cash advance will go to loan proceeds in you
your plan.
n using one, you should still complete part 1 to under how
of repayment.
s to others.
These are balances from my family credit card, Choose an existing card or estimate a new credit card
balance. For example only.
Check the card agreement
Stated minimum balance statement. Does not go into a

calculation.
Typical minimum payment due is 1% of principal balance

plus interest.
Minimum $ payment due or full balance if less than
minimum dollar payment due
Minimum payment calculations vary from card to card.

Read your Card Agreement.
59
How much can you aford to pay above the minimum
payment due?
Total of INTEREST for Principal Reduction in

12 Months in Year 1 12 Months in Year 1
$ 913 $ 2,622 Compute your repayment plans for each card and enter
the totals as shown for each card.
$ 913 $ 2,622 The totals will be transferred to your Life Map Portfolio
Summary
Purpose of Cash Advance

My family doesn’t take out cash advances on
our credit cards.
The totals will be transferred to your Life Map Portfolio

Summary
60
Purpose of Loan
No short term loans presently.
The totals will be transferred to your Life Map Portfolio

Summary
61
Repayment at minimum pament
Month 1 2 3 4 5 6 7
Beginning 6,376 6,312 6,249 6,186 6,125 6,063 6,003
Interest 94 93 92 91 91 90 89
Payment (158) (156) (155) (153) (152) (150) (149)
Ending 6,312 6,249 6,186 6,125 6,063 6,003 5,943
Paid Of? 1 1 1 1 1 1 1
62
repayment with additional large payment
Month 1 2 3 4 5 6 7
Beginning 6,376 6,145 5,917 5,690 5,467 5,245 5,025
Interest 94 91 87 84 81 78 74
Payment (158) (152) (147) (141) (135) (130) (125)
Additional (167) (167) (167) (167) (167) (167) (167)
Ending 6,145 5,917 5,690 5,467 5,245 5,025 4,808
Paid Of? 1 1 1 1 1 1 1
63
64
8 9 10 11 12 13 14 15 16
5,943 5,883 5,824 5,766 5,708 5,651 5,595 5,539 5,484
88 87 86 85 84 84 83 82 81
(147) (146) (144) (143) (141) (140) (139) (137) (136)
5,883 5,824 5,766 5,708 5,651 5,595 5,539 5,484 5,429
1 1 1 1 1 1 1 1 1
65
8 9 10 11 12 13 14 15 16
4,808 4,593 4,380 4,169 3,961 3,754 3,549 3,347 3,147
71 68 65 62 59 55 52 49 47
(119) (114) (109) (103) (98) (93) (88) (83) (78)
(167) (167) (167) (167) (167) (167) (167) (167) (167)
4,593 4,380 4,169 3,961 3,754 3,549 3,347 3,147 2,948
1 1 1 1 1 1 1 1 1
66
67
17 18 19 20 21 22 23 24 25
5,429 5,374 5,321 5,267 5,215 5,163 5,111 5,060 5,009
80 79 79 78 77 76 76 75 74
(135) (133) (132) (131) (129) (128) (127) (125) (124)
5,374 5,321 5,267 5,215 5,163 5,111 5,060 5,009 4,959
1 1 1 1 1 1 1 1 1
68
17 18 19 20 21 22 23 24 25
2,948 2,752 2,557 2,364 2,169 1,972 1,771 1,567 1,360
44 41 38 35 32 29 26 23 20
(73) (68) (63) (63) (63) (63) (63) (63) (63)
(167) (167) (167) (167) (167) (167) (167) (167) (167)
2,752 2,557 2,364 2,169 1,972 1,771 1,567 1,360 1,150
1 1 1 1 1 1 1 1 1
69
70
26 27 28 29 30 31 32 33 34
4,959 4,910 4,861 4,812 4,764 4,716 4,669 4,622 4,576
73 73 72 71 70 70 69 68 68
(123) (122) (120) (119) (118) (117) (116) (115) (113)
4,910 4,861 4,812 4,764 4,716 4,669 4,622 4,576 4,530
1 1 1 1 1 1 1 1 1
71
26 27 28 29 30 31 32 33 34
1,150 937 721 502 279 53 - - -
17 14 11 7 4 1 - - -
(63) (63) (63) (63) (63) (54) - - -
(167) (167) (167) (167) (167) - - - -
937 721 502 279 53 - - - -
1 1 1 1 1 0 0 0 0
72
73
35 36 37 38 39 40 41 42 43
4,530 4,485 4,440 4,396 4,352 4,308 4,265 4,223 4,180
67 66 66 65 64 64 63 62 62
(112) (111) (110) (109) (108) (107) (106) (105) (104)
4,485 4,440 4,396 4,352 4,308 4,265 4,223 4,180 4,139
1 1 1 1 1 1 1 1 1
74
35 36 37 38 39 40 41 42 43
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
75
76
44 45 46 47 48 49 50 51 52
4,139 4,097 4,056 4,016 3,975 3,936 3,896 3,857 3,819
61 61 60 59 59 58 58 57 56
(103) (102) (101) (100) (99) (98) (97) (96) (95)
4,097 4,056 4,016 3,975 3,936 3,896 3,857 3,819 3,781
1 1 1 1 1 1 1 1 1
77
44 45 46 47 48 49 50 51 52
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
78
79
53 54 55 56 57 58 59 60 61
3,781 3,743 3,705 3,668 3,632 3,595 3,559 3,524 3,489
56 55 55 54 54 53 53 52 52
(94) (93) (92) (91) (90) (89) (88) (87) (86)
3,743 3,705 3,668 3,632 3,595 3,559 3,524 3,489 3,454
1 1 1 1 1 1 1 1 1
80
53 54 55 56 57 58 59 60 61
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
81
82
62 63 64 65 66 67 68 69 70
3,454 3,419 3,385 3,351 3,318 3,284 3,252 3,219 3,187
51 51 50 50 49 49 48 48 47
(86) (85) (84) (83) (82) (81) (81) (80) (79)
3,419 3,385 3,351 3,318 3,284 3,252 3,219 3,187 3,155
1 1 1 1 1 1 1 1 1
83
62 63 64 65 66 67 68 69 70
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
84
85
71 72 73 74 75 76 77 78 79
3,155 3,123 3,092 3,061 3,031 3,000 2,970 2,941 2,911
47 46 46 45 45 44 44 43 43
(78) (77) (77) (76) (75) (74) (74) (73) (72)
3,123 3,092 3,061 3,031 3,000 2,970 2,941 2,911 2,882
1 1 1 1 1 1 1 1 1
86
71 72 73 74 75 76 77 78 79
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
87
88
80 81 82 83 84 85 86 87 88
2,882 2,853 2,825 2,797 2,769 2,741 2,713 2,686 2,659
43 42 42 41 41 41 40 40 39
(71) (71) (70) (69) (69) (68) (67) (67) (66)
2,853 2,825 2,797 2,769 2,741 2,713 2,686 2,659 2,633
1 1 1 1 1 1 1 1 1
89
80 81 82 83 84 85 86 87 88
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
90
91
89 90 91 92 93 94 95 96 97
2,633 2,607 2,580 2,555 2,529 2,504 2,478 2,451 2,424
39 39 38 38 37 37 37 36 36
(65) (65) (64) (63) (63) (63) (63) (63) (63)
2,607 2,580 2,555 2,529 2,504 2,478 2,451 2,424 2,397
1 1 1 1 1 1 1 1 1
92
89 90 91 92 93 94 95 96 97
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
93
94
98 99 100 101 102 103 104 105 106
2,397 2,370 2,342 2,313 2,285 2,255 2,226 2,196 2,165
35 35 35 34 34 33 33 32 32
(63) (63) (63) (63) (63) (63) (63) (63) (63)
2,370 2,342 2,313 2,285 2,255 2,226 2,196 2,165 2,134
1 1 1 1 1 1 1 1 1
95
98 99 100 101 102 103 104 105 106
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
96
97
107 108 109 110 111 112 113 114 115
2,134 2,103 2,071 2,038 2,005 1,972 1,938 1,904 1,869
32 31 31 30 30 29 29 28 28
(63) (63) (63) (63) (63) (63) (63) (63) (63)
2,103 2,071 2,038 2,005 1,972 1,938 1,904 1,869 1,834
1 1 1 1 1 1 1 1 1
98
107 108 109 110 111 112 113 114 115
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
99
100
116 117 118 119 120 121 122 123 124
1,834 1,798 1,761 1,724 1,687 1,649 1,610 1,571 1,531
27 27 26 25 25 24 24 23 23
(63) (63) (63) (63) (63) (63) (63) (63) (63)
1,798 1,761 1,724 1,687 1,649 1,610 1,571 1,531 1,491
1 1 1 1 1 1 1 1 1
101
116 117 118 119 120 121 122 123 124
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
102
103
125 126 127 128 129 130 131 132 133
1,491 1,450 1,408 1,366 1,323 1,280 1,236 1,191 1,146
22 21 21 20 20 19 18 18 17
(63) (63) (63) (63) (63) (63) (63) (63) (63)
1,450 1,408 1,366 1,323 1,280 1,236 1,191 1,146 1,100
1 1 1 1 1 1 1 1 1
104
125 126 127 128 129 130 131 132 133
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
105
106
134 135 136 137 138 139 140 141 142
1,100 1,053 1,005 957 908 859 809 757 706
16 16 15 14 13 13 12 11 10
(63) (63) (63) (63) (63) (63) (63) (63) (63)
1,053 1,005 957 908 859 809 757 706 653
1 1 1 1 1 1 1 1 1
107
134 135 136 137 138 139 140 141 142
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
108
109
143 144 145 146 147 148 149 150 151
653 600 546 491 435 378 321 263 204
10 9 8 7 6 6 5 4 3
(63) (63) (63) (63) (63) (63) (63) (63) (63)
600 546 491 435 378 321 263 204 144
1 1 1 1 1 1 1 1 1
110
143 144 145 146 147 148 149 150 151
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
111
112
152 153 154 155 156 157 158 159 160
144 83 21 - - - - - -
2 1 0 - - - - - -
(63) (63) (21) - - - - - -
83 21 - - - - - - -
1 1 0 0 0 0 0 0 0
113
152 153 154 155 156 157 158 159 160
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
114
115
161 162 163 164 165 166 167 168 169
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
116
161 162 163 164 165 166 167 168 169
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
117
118
170 171 172 173 174 175 176 177 178
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
119
170 171 172 173 174 175 176 177 178
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
0 0 0 0 0 0 0 0 0
120
121
179 180 181 182 183 184 185 186 187 188
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
122
179 180 181 182 183 184 185 186 187 188
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
123
124
189 190 191 192 193 194 195 196 197 198
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
125
189 190 191 192 193 194 195 196 197 198
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
126
127
199 200 201 202 203 204 205 206 207 208
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
128
199 200 201 202 203 204 205 206 207 208
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
129
130
209 210 211 212 213 214 215 216 217 218
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
131
209 210 211 212 213 214 215 216 217 218
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
132
133
219 220 221 222 223 224 225 226 227 228
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
134
219 220 221 222 223 224 225 226 227 228
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
135
136
229 230 231 232 233 234 235 236 237 238
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
137
229 230 231 232 233 234 235 236 237 238
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 0 0 0 0 0 0 0 0 0
138
139
239 240 241 242 243 244
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0 0 0 0 0 0
140
239 240 241 242 243 244
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0 0 0 0 0 0
141
142
Worksheet 5a - Personal Loans
Instructions: 1. Use the National Student Loan Database to determine you student loan balance and then estimate
additional student loan needed before graduation.
2. Complete the worksheet part for a car loan. See the resources below
3. Complete the worksheet part on other long term personal loans (> 1 year).
4. Enter the proceeds of any new loan you expect to take out that you will receive cash directly. Do not
include new car loans, student loans, or home loans.
5. Complete the list of other long term loans from others. This could include loans that do not have an
rate or repayment schedule. These are unlikely.
PART 1: STUDENT LOANS Values

Current Student Loan Balance
$ 19,110
Additional Student Loans anticipated before
graduation
$ 9,750
Anticipated Total Student Loan Balance at
Graduation $ 28,860
Interest Rate (annual %) 5.050%
Term (years) 10.0 yrs
Monthly Payment $306.81
# of Monthly Payments in Year 1 5
Total Principal Paid Year 1 based on 5 payments. 916.58
Total Interest Paid Year 1 based on 5 payments. 617.46
Total of Student Loan Payments Year 1 based on 5 1,534.04

payments.
PART 2: CAR LOANS
Total Car Loan Balance at Graduation or new loan $ 1,389

origination during year 1
Year, Make, and Model 2014, Honda CRV

Estimated Value at Year 1 $ 11,575
Term Remaining (years) 1.00 yrs
143
# of Monthly Payments that you will make during 12
Year 1
Total Principal Paid Year 1 based on 12 payments. 2,232.55
Total Interest Paid Year 1 based on 12 payments. 1,449.15
Total of Car Loan Payments Year 1 based on 12 3,681.70

payments.
PART 3: OTHER PERSONAL LOANS
Total Loan Balance at Graduation or new loan $ -

origination during year 1
Term Remaining (years) 5.00 yrs
# of Payments in Year 1 12
Total Principal Paid Year 1 based on 12 payments. 2,232.55
Total Interest Paid Year 1 based on 12 payments. 1,449.15

Total of Other Loan Payments Year 1 based on 12 3,681.70
payments.
PART 4 - PROCEEDS OF NEW LOANS FOR CASH

Loan Proceeds
received
Enter the $ amount of any loan above that is $ -
received directly by you in cash.
PART 5: OTHER LONG TERM LOANS TO OTHERS
Estimate the value of any long short term loans End of Year 1
owed to others Balance Owed
Loan 1 $ -
Loan 2 -
Loan 3 -
Total other short term loans owed to others $ -
144
Resources:
National Student Loan Database www.nslds.ed.gov/nslds/nslds_SA/
Loan Calculator www.bankrate.com/calculators.aspx
Car Valuation www.kbb.com
145
mine you student loan balance and then estimate
he resources below
personal loans (> 1 year).
take out that you will receive cash directly. Do not
hers. This could include loans that do not have an interest
Personal Notes
146
Purpose of Other loans
Purpose of Loan
147
d.gov/nslds/nslds_SA/
e.com/calculators.aspx
148
Try the National Student Loan Database at https://www.nslds.ed.gov/nslds/nslds_SA/
How much in additional student loans will you need before you graduate?
NOTE: This worksheet assumes that you will compound the interest for
the period between graduation and starting repayment
Annual Interest Rate on your student loans.

Total term in years for repayment on your student loans. This is usually
10 years, but could be more.
The payment is calculated for you, but overwrite if you have a better
number.
Generally student loan payments start 6 months after graduation.
Interest is compounded
Calculates the cumulative amount paid to principal given the number of
payments made during the year.
Calculates the total interest paid in your student loan payments, not the
interest accrued.
Total of principal and interest payments made during year 1
If you have a car loan, enter the balance on your car loan at the time you
graduate. If you plan to get a new car loan, enter the loan amount.
Use www.kbb.com to determine value

Annual Interest Rate. Could be 0% for some promotional deals.
The term of your car payment remaining or total term if a new loan is
originated during year 1 (in years)
The payment is calculated for you.
149
If you will be taking out a car loan sometime during the year, how many
payments will you have in year 1
Calculates the cumulative principal reduction given the number of
Calculates the total interest in the car payments made during year 1
Total of car loan payments made during year 1
If you have another loan, enter the balance at the time of graduation. If
you plan on taking out another loan, enter the expected loan amount.
Annual Interest Rate. Could be 0.

The term of your other payment remaining or total term if a new loan is
originated during year 1 (in years)
The payment is calculated for you, but overwrite if you have a diferent
agreement.
If you will be taking out an other loan during the year, how many
payments will you have in year 1
This will be 0 for most people.
150
151
Student Loan Repayment in Year 1:
1 2 3 4
start 29,710 29,528 29,346 29,162
pmt 307 307 307 307
interest 125 124 123 123
Prin 182 183 183 184
Ending 29,528 29,346 29,162 28,978
Cumulative 182 364 548 732
Cumulative 125 249 373 496
Car Loan Repayment in Year 1:

1 2 3 4
start 1,389 926 464 0
pmt 464 464 464 464
interest 2 1 1 0
Prin 462 463 463 464
152
Ending 926 464 0 (464)
Cumulative 462 925 1,388 1,852
Cumulative 2 3 3 3
Other Loan Repayment in Year 1:

1 2 3 4
start - - - -
pmt - - - -
interest - - - -
Prin - - - -
Ending - - - -
Cumulative - - - -
Cumulative - - - -
153
154
5 6 7 8 9 10 11 12
28,978 28,793 28,608 28,421 28,234 28,046 27,857 27,668
307 307 307 307 307 307 307 307
122 121 120 120 119 118 117 116
185 186 186 187 188 189 190 190
28,793 28,608 28,421 28,234 28,046 27,857 27,668 27,477
917 1,102 1,289 1,476 1,664 1,853 2,042 2,233
617 739 859 979 1,097 1,215 1,333 1,449
5 6 7 8 9 10 11 12
(464) (928) (1,393) (1,859) (2,325) (2,792) (3,260) (3,728)
464 464 464 464 464 464 464 464
(1) (1) (2) (2) (3) (3) (4) (5)

465 465 466 466 467 467 468 469
155
(928) (1,393) (1,859) (2,325) (2,792) (3,260) (3,728) (4,196)
2,317 2,782 3,248 3,714 4,181 4,648 5,116 5,585
3 2 (0) (2) (5) (9) (13) (17)
5 6 7 8 9 10 11 12
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
156
157
Worksheet 5b - Home Loans and Property Taxes
Instructions: 1. Complete the information on the purchase of a home

2. Complete the information on the Mortgage Loan for the purchase of the home.
3. Complete the Property Tax Information for the home and other taxable property.
Year 1 Values
PART 1: PURCHASE TERMS AND HOUSING INFORMATION
Purchase Price $ 150,000
Cash for Down Payment 30,000
Closing Costs: Escrow and Title 1.000% 1,500
Closing Costs: Transfer Taxes 1.000% 1,500
Closing Costs: Lenders Fees 1.000% 1,248
Closing Costs: Appraisal 600
Estimated Real Estate Taxes (annual) 2.000% 3,000
Estimated Home Owners Insurance 0.750% 1,125
# of Months Owned During Year 1 6
PART 2: MORTGAGE LOAN INFORMATION

Initial Mortgage Loan Balance $ 124,842
Initial Loan-to-Value (LTV) 83.2%
Mortgage Loan Term Remaining (years) 30.00 yrs
Private Mortgage Insurance (PMI) PMI Rate PMI LTV Cut Of

Private Mortgage Insurance (PMI) for High Loan- 1.000% 90%
to-Value Loans Monthly Cost: $ 78.03
Monthly Payment
Monthly Principal and Interest [PI] Payment $670.18
Monthly Payment with Principal, Interest, Taxes, and Homeowners

Insurance (PITI) + PMI 1,091.96
Year 1 Totals
# of Payments that you will make during Year 1 5
based on purchase date
Total Principal Paid Year 1 756.30

Total Interest Paid Year 1 2,594.61
Total Principal and Interest Paid Year 1 3,350.91
158
Total Real Estate Taxes Paid Year 1 1,250.00
Total Homeowners Insurance Paid Year 1 468.75
Total PMI Paid Year 1 390.15
Total of Payments Year 1 (PITI + PMI) 5,459.81
Over the Life of the Loan

Total Interest Paid -
PART 3: PROPERTY TAXES (ANNUAL FOR YEAR 1) Property Tax ($)
# of Months In
Property Taxes on: Annual Tax Amount Year 1 Total For Year 1
Residence $ 1,725 12 $ 1,725
Car 14 12 14
Other -
Total Property Taxes (Annual for Year 1) $ 1,739
Resources:
Loan Calculator www.bankrate.com/calculators.aspx
159
Wednesday, November 21, 2018
purchase of the home.

d other taxable property.
Personal Notes Advice and Suggestions
Usually 0.5% to 1.5% of the purchase price

Usually 0.5% to 1.5% of the purchase price
A percent of the loan balance
Usually between $200 and $800
Usually between 1.5% and 2.5% of the house value
Usually between 0.5% and 1.0% of the house value
Total Term if a new loan in Year 1
For a Loan to Value greater than a set percentage (usually 81 to

95%). Calculated as a percent of the Loan Balance.
One month less than the number of months owned if a new

purchase. If a home loan already is existing, use 12
160
Description of Property
Property taxes on homes is common. Available from County

Residence Address Assessors Offices in most states.
Car Type Property taxes on car registration in some sames (e.g. CA)
describe other
161
Mortgage Loan Payment
1 2 3 4 5 6
start 124,842 124,692 124,542 124,391 124,239 124,086
PMT PI 670 670 670 670 670 670
interest 520.18 519.55 518.92 518.29 517.66 517.03
Prin 150 151 151 152 153 153
Ending 124,692 124,542 124,391 124,239 124,086 123,933
Cumulative 150 301 452 604 756 909
Cumulative 520 1,040 1,559 2,077 2,595 3,112
Homeowner 93.75 93.75 93.75 93.75 93.75 93.75
162
163
7 8 9 10 11 12 13 14 15
123,933 123,779 123,625 123,470 123,314 123,158 123,001 122,843 122,685
670 670 670 670 670 670 670 670 670
516.39 515.75 515.10 514.46 513.81 513.16 512.50 511.85 511.19
154 154 155 156 156 157 158 158 159
123,779 123,625 123,470 123,314 123,158 123,001 122,843 122,685 122,526
1,063 1,218 1,373 1,528 1,685 1,842 2,000 2,158 2,317
3,628 4,144 4,659 5,173 5,687 6,200 6,713 7,225 7,736
93.75 93.75 93.75 93.75 93.75 93.75
164
165
16 17 18 19 20 21 22 23 24 25
122,526 122,366 122,206 122,045 121,883 121,721 121,558 121,394 121,229 121,064
670 670 670 670 670 670 670 670 670 670
510.52 509.86 509.19 508.52 507.85 507.17 506.49 505.81 505.12 504.44
160 160 161 162 162 163 164 164 165 166
122,366 122,206 122,045 121,883 121,721 121,558 121,394 121,229 121,064 120,899
2,477 2,637 2,798 2,960 3,122 3,285 3,449 3,613 3,778 3,944
8,246 8,756 9,265 9,774 10,282 10,789 11,295 11,801 12,306 12,811
166
167
26 27 28 29 30 31 32 33 34 35
120,899 120,732 120,565 120,397 120,229 120,060 119,890 119,719 119,548 119,376
670 670 670 670 670 670 670 670 670 670
503.74 503.05 502.35 501.66 500.95 500.25 499.54 498.83 498.12 497.40
166 167 168 169 169 170 171 171 172 173
120,732 120,565 120,397 120,229 120,060 119,890 119,719 119,548 119,376 119,203
4,110 4,277 4,445 4,614 4,783 4,953 5,123 5,295 5,467 5,640
13,315 13,818 14,320 14,822 15,323 15,823 16,322 16,821 17,319 17,817
168
169
36 37 38 39 40 41 42 43 44 45
119,203 119,029 118,855 118,680 118,504 118,328 118,151 117,973 117,794 117,615
670 670 670 670 670 670 670 670 670 670
496.68 495.96 495.23 494.50 493.77 493.03 492.30 491.55 490.81 490.06
174 174 175 176 176 177 178 179 179 180
119,029 118,855 118,680 118,504 118,328 118,151 117,973 117,794 117,615 117,435
5,813 5,987 6,162 6,338 6,514 6,692 6,869 7,048 7,227 7,408
18,313 18,809 19,305 19,799 20,293 20,786 21,278 21,770 22,260 22,751
170
171
46 47 48 49 50 51 52 53 54 55
117,435 117,254 117,072 116,890 116,707 116,523 116,338 116,153 115,967 115,780
670 670 670 670 670 670 670 670 670 670
489.31 488.56 487.80 487.04 486.28 485.51 484.74 483.97 483.19 482.42
181 182 182 183 184 185 185 186 187 188
117,254 117,072 116,890 116,707 116,523 116,338 116,153 115,967 115,780 115,592
7,588 7,770 7,952 8,136 8,320 8,504 8,690 8,876 9,063 9,251
23,240 23,728 24,216 24,703 25,190 25,675 26,160 26,644 27,127 27,609
172
173
56 57 58 59 60 61 62 63 64 65
115,592 115,403 115,214 115,024 114,833 114,641 114,449 114,255 114,061 113,866
670 670 670 670 670 670 670 670 670 670
481.63 480.85 480.06 479.27 478.47 477.67 476.87 476.06 475.26 474.44
189 189 190 191 192 193 193 194 195 196
115,403 115,214 115,024 114,833 114,641 114,449 114,255 114,061 113,866 113,671
9,439 9,628 9,819 10,009 10,201 10,394 10,587 10,781 10,976 11,172
28,091 28,572 29,052 29,531 30,010 30,487 30,964 31,440 31,916 32,390
174
175
66 67 68 69 70 71 72 73 74 75
113,671 113,474 113,277 113,078 112,879 112,680 112,479 112,277 112,075 111,872
670 670 670 670 670 670 670 670 670 670
473.63 472.81 471.99 471.16 470.33 469.50 468.66 467.82 466.98 466.13
197 197 198 199 200 201 202 202 203 204
113,474 113,277 113,078 112,879 112,680 112,479 112,277 112,075 111,872 111,668
11,368 11,566 11,764 11,963 12,163 12,363 12,565 12,767 12,971 13,175
32,864 33,336 33,808 34,280 34,750 35,219 35,688 36,156 36,623 37,089
176
177
76 77 78 79 80 81 82 83 84 85
111,668 111,463 111,257 111,051 110,843 110,635 110,426 110,215 110,005 109,793
670 670 670 670 670 670 670 670 670 670
465.28 464.43 463.57 462.71 461.85 460.98 460.11 459.23 458.35 457.47
205 206 207 207 208 209 210 211 212 213
111,463 111,257 111,051 110,843 110,635 110,426 110,215 110,005 109,793 109,580
13,380 13,585 13,792 13,999 14,208 14,417 14,627 14,838 15,050 15,262
37,554 38,019 38,482 38,945 39,407 39,868 40,328 40,787 41,245 41,703
178
179
86 87 88 89 90 91 92 93 94 95
109,580 109,366 109,152 108,937 108,720 108,503 108,285 108,066 107,846 107,625
670 670 670 670 670 670 670 670 670 670
456.58 455.69 454.80 453.90 453.00 452.10 451.19 450.27 449.36 448.44
214 214 215 216 217 218 219 220 221 222
109,366 109,152 108,937 108,720 108,503 108,285 108,066 107,846 107,625 107,404
15,476 15,691 15,906 16,122 16,339 16,557 16,776 16,996 17,217 17,439
42,160 42,615 43,070 43,524 43,977 44,429 44,880 45,330 45,780 46,228
180
181
96 97 98 99 100 101 102 103 104 105
107,404 107,181 106,957 106,733 106,507 106,281 106,054 105,825 105,596 105,366
670 670 670 670 670 670 670 670 670 670
447.51 446.59 445.66 444.72 443.78 442.84 441.89 440.94 439.98 439.02
223 224 225 225 226 227 228 229 230 231
107,181 106,957 106,733 106,507 106,281 106,054 105,825 105,596 105,366 105,135
17,662 17,885 18,110 18,335 18,562 18,789 19,017 19,246 19,477 19,708
46,676 47,122 47,568 48,013 48,457 48,899 49,341 49,782 50,222 50,661
182
183
106 107 108 109 110 111 112 113 114 115
105,135 104,902 104,669 104,435 104,200 103,964 103,727 103,489 103,250 103,010
670 670 670 670 670 670 670 670 670 670
438.06 437.09 436.12 435.15 434.17 433.18 432.20 431.21 430.21 429.21
232 233 234 235 236 237 238 239 240 241
104,902 104,669 104,435 104,200 103,964 103,727 103,489 103,250 103,010 102,769
19,940 20,173 20,407 20,642 20,878 21,115 21,353 21,592 21,832 22,073
51,099 51,536 51,972 52,408 52,842 53,275 53,707 54,138 54,569 54,998
184
185
116 117 118 119 120 121 122 123 124 125
102,769 102,527 102,284 102,040 101,795 101,549 101,302 101,054 100,805 100,555
670 670 670 670 670 670 670 670 670 670
428.21 427.20 426.19 425.17 424.15 423.12 422.09 421.06 420.02 418.98
242 243 244 245 246 247 248 249 250 251
102,527 102,284 102,040 101,795 101,549 101,302 101,054 100,805 100,555 100,304
22,315 22,558 22,802 23,047 23,293 23,540 23,788 24,037 24,287 24,539
55,426 55,853 56,279 56,705 57,129 57,552 57,974 58,395 58,815 59,234
186
187
126 127 128 129 130 131 132 133 134 135
100,304 100,052 99,798 99,544 99,288 99,032 98,774 98,516 98,256 97,995
670 670 670 670 670 670 670 670 670 670
417.93 416.88 415.83 414.77 413.70 412.63 411.56 410.48 409.40 408.31
252 253 254 255 256 258 259 260 261 262
100,052 99,798 99,544 99,288 99,032 98,774 98,516 98,256 97,995 97,733
24,791 25,044 25,299 25,554 25,810 26,068 26,327 26,586 26,847 27,109
59,652 60,069 60,485 60,899 61,313 61,726 62,137 62,548 62,957 63,365
188
189
136 137 138 139 140 141 142 143 144 145
97,733 97,471 97,206 96,941 96,675 96,408 96,139 95,870 95,599 95,327
670 670 670 670 670 670 670 670 670 670
407.22 406.13 405.03 403.92 402.81 401.70 400.58 399.46 398.33 397.20
263 264 265 266 267 268 270 271 272 273
97,471 97,206 96,941 96,675 96,408 96,139 95,870 95,599 95,327 95,054
27,372 27,636 27,901 28,167 28,435 28,703 28,973 29,244 29,515 29,788
63,773 64,179 64,584 64,988 65,391 65,792 66,193 66,592 66,991 67,388
190
191
146 147 148 149 150 151 152 153 154 155
95,054 94,780 94,505 94,228 93,951 93,672 93,392 93,111 92,829 92,545
670 670 670 670 670 670 670 670 670 670
396.06 394.92 393.77 392.62 391.46 390.30 389.13 387.96 386.79 385.61
274 275 276 278 279 280 281 282 283 285
94,780 94,505 94,228 93,951 93,672 93,392 93,111 92,829 92,545 92,261
30,063 30,338 30,614 30,892 31,170 31,450 31,731 32,014 32,297 32,582
67,784 68,179 68,573 68,965 69,357 69,747 70,136 70,524 70,911 71,296
192
193
156 157 158 159 160 161 162 163 164 165
92,261 91,975 91,688 91,400 91,111 90,820 90,528 90,235 89,941 89,646
670 670 670 670 670 670 670 670 670 670
384.42 383.23 382.03 380.83 379.63 378.42 377.20 375.98 374.75 373.52
286 287 288 289 291 292 293 294 295 297
91,975 91,688 91,400 91,111 90,820 90,528 90,235 89,941 89,646 89,349
32,867 33,154 33,442 33,732 34,022 34,314 34,607 34,901 35,197 35,493
71,681 72,064 72,446 72,827 73,207 73,585 73,962 74,338 74,713 75,086
194
195
166 167 168 169 170 171 172 173 174 175
89,349 89,051 88,752 88,452 88,150 87,847 87,543 87,238 86,931 86,623
670 670 670 670 670 670 670 670 670 670
372.29 371.05 369.80 368.55 367.29 366.03 364.76 363.49 362.21 360.93
298 299 300 302 303 304 305 307 308 309
89,051 88,752 88,452 88,150 87,847 87,543 87,238 86,931 86,623 86,314
35,791 36,090 36,391 36,692 36,995 37,299 37,605 37,912 38,220 38,529
75,459 75,830 76,200 76,568 76,935 77,301 77,666 78,030 78,392 78,753
196
197
176 177 178 179 180 181 182 183 184 185
86,314 86,003 85,691 85,378 85,064 84,748 84,431 84,112 83,793 83,472
670 670 670 670 670 670 670 670 670 670
359.64 358.35 357.05 355.74 354.43 353.12 351.80 350.47 349.14 347.80
311 312 313 314 316 317 318 320 321 322
86,003 85,691 85,378 85,064 84,748 84,431 84,112 83,793 83,472 83,149
38,839 39,151 39,464 39,779 40,095 40,412 40,730 41,050 41,371 41,693
79,113 79,471 79,828 80,184 80,538 80,891 81,243 81,593 81,943 82,290
198
199
186 187 188 189 190 191 192 193 194 195
83,149 82,826 82,501 82,174 81,846 81,517 81,187 80,855 80,521 80,187
670 670 670 670 670 670 670 670 670 670
346.46 345.11 343.75 342.39 341.03 339.65 338.28 336.89 335.51 334.11
324 325 326 328 329 331 332 333 335 336
82,826 82,501 82,174 81,846 81,517 81,187 80,855 80,521 80,187 79,851
42,017 42,342 42,668 42,996 43,325 43,656 43,988 44,321 44,656 44,992
82,637 82,982 83,326 83,668 84,009 84,349 84,687 85,024 85,359 85,694
200
201
196 197 198 199 200 201 202 203 204 205
79,851 79,513 79,174 78,834 78,492 78,149 77,805 77,459 77,111 76,762
670 670 670 670 670 670 670 670 670 670
332.71 331.31 329.89 328.48 327.05 325.62 324.19 322.74 321.30 319.84
337 339 340 342 343 345 346 347 349 350
79,513 79,174 78,834 78,492 78,149 77,805 77,459 77,111 76,762 76,412
45,329 45,668 46,008 46,350 46,693 47,038 47,384 47,731 48,080 48,430
86,026 86,358 86,687 87,016 87,343 87,669 87,993 88,316 88,637 88,957
202
203
206 207 208 209 210 211 212 213 214 215
76,412 76,060 75,707 75,352 74,996 74,638 74,279 73,918 73,556 73,193
670 670 670 670 670 670 670 670 670 670
318.38 316.92 315.45 313.97 312.48 310.99 309.50 307.99 306.48 304.97
352 353 355 356 358 359 361 362 364 365
76,060 75,707 75,352 74,996 74,638 74,279 73,918 73,556 73,193 72,827
48,782 49,135 49,490 49,846 50,204 50,563 50,924 51,286 51,650 52,015
89,275 89,592 89,907 90,221 90,534 90,845 91,154 91,462 91,769 92,074
204
205
216 217 218 219 220 221 222 223 224 225
72,827 72,461 72,092 71,723 71,351 70,978 70,604 70,228 69,850 69,471
670 670 670 670 670 670 670 670 670 670
303.45 301.92 300.38 298.84 297.30 295.74 294.18 292.62 291.04 289.46
367 368 370 371 373 374 376 378 379 381
72,461 72,092 71,723 71,351 70,978 70,604 70,228 69,850 69,471 69,090
52,382 52,750 53,120 53,491 53,864 54,239 54,615 54,992 55,371 55,752
92,377 92,679 92,980 93,278 93,576 93,871 94,166 94,458 94,749 95,039
206
207
226 227 228 229 230 231 232 233 234 235
69,090 68,708 68,324 67,939 67,552 67,163 66,773 66,381 65,987 65,592
670 670 670 670 670 670 670 670 670 670
287.88 286.28 284.68 283.08 281.47 279.85 278.22 276.59 274.95 273.30
382 384 385 387 389 390 392 394 395 397
68,708 68,324 67,939 67,552 67,163 66,773 66,381 65,987 65,592 65,195
56,134 56,518 56,904 57,291 57,679 58,070 58,462 58,855 59,251 59,647
95,327 95,613 95,898 96,181 96,462 96,742 97,020 97,297 97,572 97,845
208
209
236 237 238 239 240 241 242
65,195 64,796 64,396 63,994 63,591 63,186 62,779
670 670 670 670 670 670 670
271.65 269.98 268.32 266.64 264.96 263.27 261.58
399 400 402 404 405 407 409
64,796 64,396 63,994 63,591 63,186 62,779 62,370
60,046 60,446 60,848 61,252 61,657 62,064 62,472
98,117 98,387 98,655 98,922 99,187 99,450 99,711
210
211
Worksheet 6a - Property Insurance (AUTO)
Name: Rachel Cahoon
Instructions: Try a few insurance websites to get quotes for auto insurance, (See links below
auto insurance, determine if you are eligible for any discounts, and get a total a
of Year 1, enter the number of months that you will need insurance below to pr
YEAR 1 AUTO INSURANCE PREMIUM COSTS

Coverage A: Liability Insurance
$ 50,000
Property Damage Liability Each Person
Each Occurance $ -
Each Person $ 100,000

Bodily Injury Liability
Each Occurance $ 300,000
Coverage B: Medical Payments

First Party Medical Benefits limits $ 5,000
Income Loss Benefits limits $ -
Accidental Death limits $ -
other limits
Coverage C: Unisured and Underinsured Motorist Coverage

Bodily Injury - Uninsured Motorist

Bodily Injury - Underinsured Motorist
Other Liability Coverages

other limits
other limits
other limits
Coverage D: Comprehensive Insurance
Comprehensive Deductible $ 500
Collision Deductible $ 500

Other Coverages limits $ -
Total Auto Insurance Annual Premium Before Discounts
212
Discounts
Anti-lock brakes limitations $ 24
Anti-theft device limitations $ 6
Good Student limitations $ 50
Persistency limitations $ 3
Total Discounts
TOTAL AUTO INSURANCE PREMIUMS (YEAR 1) with Discounts

Months of Auto Insurance for Year 1: 6
TOTAL AUTO INSURANCE PREMIUMS (YEAR 1) PRORATED FOR 6 MONTHS.
213
Last Edit Date: Friday, December 14, 2018
uotes for auto insurance, (See links below in Resources). Enter the ANNUAL premium cost of
ligible for any discounts, and get a total annual premium. If you will only own a car for part
s that you will need insurance below to prorate the calculation.
Annual Policy Cost Notes and Suggestions
$ 379 Insurance for damage or injury that you do to other

people and property
$ 132
$ 44
-
-
-
$ 9
$ 20
May include medical benefits, accidental death

$ - benefits, and/or funeral benefits.
-
-
$ 57 This covers a total loss of your car and theft other than
an accident.
464 This covers damage to your car from an accident
-
$ 1,105
214
$ 24
$ 6
$ 50
$ 3
$ 83
$ 1,022
Enter how many months during year 1 you need
insurance
$ 511.04
215
Worksheet 6b - Property Insurance (HOME and Other)
Name: Rachel Cahoon
Definitions:
Renters Insurance: Insurance that covers your personal property within your rented home. Does not inclu
Home Owners Insurance: Insurance that covers your home, your personal property within the home, and provid
that may be injured on your property.
Insructions: Complete one of the two worksheets below depending on your housing status, renter
months of each type for Year 1. For example, if you will be living at home for 4 month
months for the Renters Insurance Premium. If you will be renting for 5 months, and t
insurance and 7 months for homeowners insurance.
YEAR 1 RENTERS INSURANCE PREMIUM
Instructions: Try a few insurance websites to get quotes for renter's insurance, (See links below in R
Personal Property Coverage

Personal Property limits $ 10,000
specific riders limits
Total Auto Insurance Annual Premium Before Discounts
Discounts
Discount Type limitations $ -
Discount Type limitations $ -
Total Discounts
TOTAL RENTERS INSURANCE PREMIUMS (YEAR 1) with Discounts

Months of Renters Insurance for Year 1: 3
TOTAL RENTER'S INSURANCE PREMIUMS PRORATED FOR 3 MONTHS.
YEAR 1 HOME OWNERS INSURANCE PREMIUM
Instructions: Try a few insurance websites to get quotes for homeowners insurance, (See links belo
Section I - Property Coverages
216
Coverage A: Dwelling limits
Coverage B: Other Structures limits
Coverage C: Personal Property limits
Coverage D: Loss of Use limits
Section II - Liability Coverages

Property Damage and Bodily Injury limits
Medical Payments limits
Other Coverages
other limits
other limits
other limits
other limits
Total Home Ownwers insurance Annual Premium Before Discounts
Discounts
Discount Type limitations
Discount Type limitations
Total Discounts
TOTAL HOME OWNERS INSURANCE PREMIUMS (YEAR 1) with Discounts

Months of Home Owners Insurance for Year 1: 7
TOTAL HOME OWNERS INSURANCE PREMIUMS PRORATED FOR 7 MONTHS.
OTHER INSURANCE FOR OTHER HIGH VALUE ASSETS
Other High Value Assets Requiring Insurance Not Covered

Elsewhere Insured Value
Asset 1 $ -
Asset 1 -
Asset 1 -
Total Other Assets Insurance $ -
ESTIMATED VALUE OF HOUSEHOLD ITEMS AND CLOTHING
Estimate the value of Household Assets

Home Furnishing
Clothing and Personal Goods
other misc household assets
Total Household Items and Clothing
217
RESOURCES
218
Other)
Last Edit Date:
ithin your rented home. Does not include your car or the apartment building itself.
l property within the home, and provides some limited liability insurance for anyone
pending on your housing status, renter or owner. You may also select the number of
you will be living at home for 4 months, then moving into an apartment, enter 8
you will be renting for 5 months, and then buying a home, enter 5 months for renters
ance.
enter's insurance, (See links below in Resources)
$ 116
Riders cover specific items such as art, jewelry,

etc. that might not be covered otherwise.
$ 116
$ - Do not double count discounts.
$ -
$ 116
$ 29.00
homeowners insurance, (See links below in Resources)
219
$ - usually the replacement cost of the house
barns, sheds, garages, etc.
Your stuf in your house
Covers the cost of short term housing
Riders cover specific items such as art, jewelry,

etc. that might not be covered otherwise.
$ -
$ - This may include water back up, biological

deterioration, identity theft, and more.
$ -
$ - Do not double count discounts.

$ -
$ -
$ -
$ -
Annual Insurance
Premium
$ - These are high value assets that carry separate
insurance.
-
-
$ -
End Of Year 1 Value

$ - Use garage sale values for furnishings, clothing,
and personal goods.
-
- Use market value for other assets.
$ -
220
221
Worksheet 6c - Health and Wellness
Instructions: 1. Desribe your current healthcare coverage, if any.
2. Describe how you will get healthcare coverage after graduation in Year 1
3. Examine the cost of individual health insurance plans given you expected income and employment situati
Year 1.
4. Based on your health situation and insurance coverage, estimate uncovered healthcare costs for year 1.
5. Research the need and terms of disability insurance for you in Year 1. Determine the cost of disability insu
given your expected income.
6. Research the need and terms of life insurance for you in Year 1. Determine the cost of life insurance given
expected income, financial needs, age, and health.
PART 1. Current Health Insurance. Place an "X" in the description that best fits
X Covered under parents employer's health insurance
Covered under parents' individual health insurance plan
Covered under state or local assistance plans (Medicaid/CHiP)
Covered under my employer's provided health plan.
Covered under my own individual health plan
No Health Insurance
PART 2. Year 1 Health Insurance. Place an "X" in the description that best fits
X Covered under parents employer's health insurance
Covered under parents' individual health insurance plan
Covered under state or local assistance plans (Medicaid/CHiP)
Covered under my employer's provided health plan.
Covered under my own individual health plan
No Health Insurance
PART 3. Estimated Cost of Health Insurance During Year 1
Estimated Monthly Premiums (after employer contribution, if any)

Months of Health Insurance for Year 1: 5
TOTAL HEALTH INSURANCE PREMIUMS FOR 5 MONTHS.
Estimated Terms, coverage, and limitations of Health Insurance Plan

Total Deductible
Co-Payment for Doctor's Visits
Co-Insurance for Doctor's Visits
Total Out of Pocket Maximum
222
Perscription Drug Coverage
Co-payment for specialist
PART 4. Estimated Out of Pocket Costs for Heathcare During Year 1

Cost Each ($) Frequency per Year
Co-Payments for Doctor's Visits $ 20 1
Co-Insurance for Doctor's Visits - 0
Co-Payments for other care - 0
Prescription Drug Co-Payments - 0
other uncovered healthcare costs 45 1
Estimated Out of Pocket Healthcare Costs for Year 1
Months of Out of Pocket Healthcare for Year 1: 6
OUT OF POCKET HEALTHCARE COSTS PRORATED FOR 6 MONTHS.
Other Healthcare Expenses not included elsewhere for year 1:
PART 5: Disability Insurnace
Disability Insurace provide income to you directly if you are unable to work. Your employer may provide some leve
disability insurance, but you should determine if that is sufficient.
Coverage Needs: MONTHLY

Typical Monthly Expenses $ -
- Expenses related to work -
= Typical Monthly Expenses that need to be covered -
Coverage Provided
Employer Provided Disability Insurance -
Social Security Disability Insurance -
Worker's Compensation Insurance -
Total Coverage Provided -
Diference between Coverage Needs and Coverage Provided.
Terms, coverage, and limitations of Disability Insurance Plan

TERMS OF COVERAGE
Probationary Period
Waiting Period
Length of Time for Benefits
Non-Cancelable Provision
Other terms, limitations and coverage
Annual Disability Insurance Premium for Year 1

Months of Disability Insurance Needed for Year 1: 7
223
DISABILITY INSURANCE COST PRORATED FOR 7 MONTHS.
PART 6: Life Insurance
Age at graduation: 21
Life Insurance Needs for you at 21 years old: $ 50,000
- Life Insurance Provided by Employer: $ 27,900
= Additional Life Insurance Needed: $ 22,100
Annual Life Insurance Costs for Year 1

Months of Life Insurance Needed for Year 1: 12
LIFE INSURANCE COST PRORATED FOR 12 MONTHS.
224
and employment situation in
thcare costs for year 1.

the cost of disability insurance
ost of life insurance given your
$ 500
$ 2,500 This value will transfer to the Summary for Health Insurance
20
225
45
Total Cost Per Year

$ 20
$ -
$ -
$ -
$ 45
$ 65
$ 32.50 This value will transfer to the Summary for Healthcare Expenses (out of pocket)
er may provide some level of
Disability Insurance NOT needed
226
$ - This value will transfer to the Asset Protection Section of the plan
Typical employer life insurance is 1 times the annual base salary
220 Premium will depend on type of insurance
$ 220
227
228
229
230
Worksheet 7a - Investments (Non-Retirement)
Instructions: 1. Desribe the amount, if any, of new investment purchases that you plan to make during year 1. Do not
include any retirement investments. Retirement Investments will be recorded in worksheet 7b.
2. Determine how you plan to allocate those new investment purchases between stocks, bonds, and
mutual funds. (From the Charles Schwab Investor Profile Questionaire).
3. Determine the amount, if any, of investment sales that you plan to make during year 1.
4. Check the Reconcilation of Investments for Accuracy and Reasonableness.
1. Planned New Investment Purchases During Year 1:

New Investment Purchases: Month
X 12 -
2. Allocation of New Investment

Purchases. Enter Percents Start of Year 1
Allocation (From % Allocation of Investment
Wks3a) New Purchases Allocation ($)
Large-Cap Equity $ - -
Small-Cap Equity - -
International Equity - -
Fixed Income - -
Cash - -
other investment assets - -
TOTAL $ - 0% $ -
Check total
3. Planned Investment Sales
Total Dollar Amount of Planned Investment Sales $ -
4. Planned Investment Sales and Balance Before % Allocation of Investment

Reconcilation Sales New Purchases Allocation ($)
Large-Cap Equity - -
Small-Cap Equity - -
International Equity - -
Fixed Income - -
Cash - -
other investment assets - -
TOTAL $ - 0% $ -
Check total
231
New Investments Purchased
other
TOTAL NEW INVESTMENTS
Part 5
Inves Proceeds from Investment Sales
ting other
TOTAL PROCEEDS FROM INVESTMENTS
Net realized gain or loss on investment

NET CHANGE IN INVESTMENTS
232
make during year 1. Do not
d in worksheet 7b.
ween stocks, bonds, and
during year 1.
.
12
End of Year 1
Balances
- ok
- ok
- ok
- ok
- ok
- ok
$ - ok
233
-
-
-
-
-
-
-
-
234
Worksheet 7b - Investment for Retirement
Instructions: 1. Determine the frequency that you would like to contribute to your individual retirement account. Then
2. Determine the frequency that you would like to contribute to your employer's retirement account. The
3. Some employers also match your contributions to your retirement account up to a percentage of your b
your cash flow and is limited.
These values will be transferred to your summary plan.
1. PERIODIC CONTRIBUTION TO INDIVIDUAL Select Frequency (Pull Contribution ($) per

RETIREMENT ACCOUNTS Down) period
X 12 600
2. CONTRIBUTION TO EMPLOYER RETIREMENT

ACCOUNTS Select Frequency (Pull Contribution ($) per
Down) period
X 12 600
TOTAL CONTRIBUTION TO RETIREMENT FROM YOUR 1,200

CASH FLOW
3. EMPLOYER CONTRIBUTION TO RETIREMENT
ACCOUNT (Does not come from cash flow)
Percent of Base Salary
3.00%
Base Salary $ 27,900 25
TOTAL CONTRIBUTION TO RETIREMENT 1,225
235
tirement account. Then select the amount per period.
etirement account. Then select the amount per period.
o a percentage of your base salary. This does not come from
Select the frequency from the pull down
Select the frequency from the pull down
Employer matching can range from 1% to 5%.

Not all employers match.
236

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LIFE MAP PORTFOLIO SUMMARY - Current and Year 1

Name: Rachel Cahoon

PERSONAL CASH FLOW STATEMENT

Bonus / Commissions / Tips -

Other Wages and Salary 823

TOTAL INCOME 823

Federal Income Taxes 90

State Income Taxes 50

Local Income Taxes 8

Income Taxes on Investments -

ANNUAL AFTER TAX CASH FLOW INFLOWS 612

TOTAL SPENDING ON PRODUCTS AND SERVICES 49,986

NEW NON-RETIREMENT INVESTMENTS

Net realized gain or loss on investment -

1. PERIODIC CONTRIBUTION TO INDIVIDUAL RETIREMENT

3. EMPLOYER CONTRIBUTION TO RETIREMENT ACCOUNT

TOTAL CONTRIBUTION TO RETIREMENT -

TOTAL CASH OUTFLOWS 45,977

Name: Rachel Cahoon Print Date:

PERSONAL BALANCE SHEET Current (Today)

HOUSEHOLD ASSETS AND REAL ESTATE

INVESTMENT ASSETS (In Retirement Accounts)

TOTAL ASSETS $ 49,015

TOTAL LIABILITIES $ 19,350

NET WORTH $ 29,665

START Year 1 END

3,000 8,725 Year 1 Net Cash Flow

PART 1: Professional Goals (after graduation)

2 Book a national/international tour Working towards it

3 Get a steady job that will provide me with Working towards it

PART 2: Personal Goals (before and after graduation)

PART 3: After Graduation Professional Plans

Job Description working as a professional actor in shows in

Educational Requirement none required, I am getting a B.F.A.

Advancement Potential can start as an ensemble member and

Expected Additional Comp. very varied, from $0-$20,000

Expected Salary Range (5-10 years from $44,000.00

Expected Cost of Living Index $6,000.00

Bureau of Labor Statistic www.bls.gov

al, and your plan to achieve each goal

General plan to achieve each goal:

study some business, apply for more

General plan to achieve each goal:

once I’m settled for at least 6 months in a

administrative work, organize financials,

High school diploma, some college and

move up into a more managerial position

anywhere in the United States in a major

Months Following Graduation: Month 1 Month 2 Month 3 Month 4

4. Where will you be living? City, Fairfax, Fairfax, Toronto, Toronto,

6. How will you get health Parents Parents Employer Employer

hs. Work, school, travel, vacation, or a little bit of everything.

Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11

Performing on Performing on Performing on Performing on Performing on Performing on Performing on

Multiple Multiple Multiple Multiple Multiple Multiple Multiple

Employer Employer Employer Employer Employer Employer Employer

ANNUAL PERSONAL CASH FLOW STATEMENT

Bonus / Commissions / Tips

Other Wages and Salary

Federal Income Taxes

State Income Taxes

Local Income Taxes

Income Taxes on Investments

ANNUAL AFTER TAX CASH FLOW INFLOWS