Step 1

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

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

Under the "Major Occupational Groups", click on the link th

Carefull scroll down through the list and select the career that

Step 4

What is your specific career? Put answer in yellow box at righ

Step 5

Look for the chart that resembles the chart below. You will be

Step 6

Do not use the numbers in my

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

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

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

Step 10

Will you be married within 2-3 years of

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

Step 11

How many TOTAL children do you plan on having

within 2-3 years of graduating from High School
and/or college?

Step 12

After 2-3 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)?

Step 13

Will you purchase life insurance within 2-3 years

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

Step 14

Will you buy cable TV or Satellite TV such that

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

Step 15

After leaving High School, will you be taking out

loans for Vocational School or College? NO = 1
Yes = 2

Step 16

After leaving High School and/or college for 2-3

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

Step 17

After leaving High School and/or college for 2-3

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

Step 18

After leaving High School and/or college for 2-3

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

Step 19

Will you BUY A NEW car/truck within 2-3 years

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

Step 20

After leaving High School and/or college for 2-3

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

Step 21

After leaving High School and/or college for 2-3

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

Step 22

After leaving High School and/or college for 2-3

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?

n career, please click on the link below

_nat.htm

s", click on the link that most closely matches your chosen career.
elect the career that matches your chosen career. Click on the link.

r in yellow box at right.

Clinical Therapist

rt below. You will be using the ANNUAL WAGE for the 10%, 25%, and 50% columns.
Percentile
Hourly Wage
Annual Wage

10%
$0.01
$19

d box to the right

19
e in the green box to the right
e 50% Annual Wage in the blue box to the right

your response in the YELLOW box to the right of the question.

For YES and NO qu

Will you own your own business within 10

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

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?

200

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?

d 50% columns.
25%

50%
(Median)
$0.02
$33

$0.01
$25

25
33

For YES and NO questions, use...

NO = 1 Yes = 2

Will you own your own business within 25 years

of graduating from High School and/or College?
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?

200

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?

150

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?

75%

90%

$36.43
$72,860

$50.92
$101,840

300

125

Estimated Income per year

Estimated Income per month
MONTHLY EXPENSES
Federal Income Tax
FICA
Medicare
State Income Tax
Local Tax
Health Insurance
Retirement
Life Insurance
Dental, Vision Insurance/Costs
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
Money left over each Month
Money left over for fun
red means in debt - black means extra cash

2-3 years after graduating from

High School and/or College
$21
$2

10 years after graduating from

High School and/or College
$37
$3

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$180
$0
$0
$10

$180
$0
$25
$10

$400
$600
$40
$150
$150
$0
$0
$45
$40
$200
$280
$200

$800
$600
$40
$150
$0
$0
$0
$45
$20
$200
$280
$600

$2,293

$2,948

This MONEY LEFT OVER is to be used for things such as:

Gifts Lunches Trips Travel Home decorations Prescriptions H

25 years after graduating from

High School and/or College
$46
$4

$0
$0
$0
$0
$0
$180
$0
$46
$10
$800
$2,400
$40
$350
$150
$0
$0
$45
$40
$300
$280
$500

$5,138

rescriptions Hobbies any other fun stuf

Spreadsheet analysis
1

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

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

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

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

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

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

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

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

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

10

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

11

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

12

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

13

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

14

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

15

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

16

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

17

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

18

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

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, you

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 c

23

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

24

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

25

Looking at "Results" page - cell C24 - if you chose to donate to charities, what percent

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

28

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

29

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

30

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

31

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

of a company, what percent of your paycheck will be sent to the US government for Social Security (FIC

, what percent of your paycheck will be sent to the US government for Social Security (FICA)?
of a company, what percent of your paycheck will be sent to the US government for Medicare?

d, what percent of your paycheck will be sent to the US government for Medicare?

come will go to the State government?

come will go to your local city and/or county government?

st of health insurance for yourself?

st of health insurance for yourself and your spouse?

st of health insurance for yourself and a child?

st of health insurance for yourself, your spouse, and your children?

ns to your retirement fund, what percent of your income will be dedicated to your retirement?

age 25 year old pay for Life Insurance each year if you chose to purchase it?

age 35 year old pay for Life Insurance each year if you chose to purchase it?

age 50 year old pay for Life Insurance each year if you chose to purchase it?

st per person for Dental and Vision insurance?

le, what is your monthly payment?

or buy a USED vehicle, what is your monthly payment?

nt payment for an apartment?

ortgage payment if you own your home?

xpensive community, your housing costs would be how much more expensive?

erson pay for a cell phone plan?

t would be your monthly costs for utilities?

at would be your monthly costs for utilities?

st for Internet TV and home WIFI?

to charities, what percent of your income will be spent on your donations to charities?

s to pay off, what percent of your income will be spent on school loans?

club, what would be your monthly fitness club payment?

st of a meal at a typical restaurant?

e average vehicle be driven each year?

les per gallon (MPG) for each vehicle that you own and/or lease?

ours per year does the average person spend on the job?

vernment for Social Security (FICA)?

Social Security (FICA)?

overnment for Medicare?

or Medicare?

ated to your retirement?

ons to charities?