Jan Diego Financial Projections Including Inflation
Inflation rate: 5%
Year 2004 2005 2006 2007
Income after taxes $20,400.00 $22,500.00 $25,000.00 $28,000.00
Expenses:
Rent $5,400.00 $6,000.00 $6,300.00 $6,615.00
Food $4,200.00 $4,410.00 $4,630.50 $4,862.03
Auto payment $2,220.00 $2,200.00 $2,844.00 $2,844.00
Auto insurance $780.00 $819.00 $859.95 $902.95
Gasoline $480.00 $504.00 $529.20 $555.66
Entertainment $1,800.00 $1,890.00 $1,984.50 $2,083.73
Clothing $900.00 $945.00 $992.25 $1,041.86
Utilities $888.00 $932.40 $979.02 $1,027.97
Telephone $576.00 $604.80 $635.04 $666.79
Credit card payment $540.00 $567.00 $595.35 $625.12
Health insurance $276.00 $289.80 $304.29 $319.50
Charitable contributions $1,140.00 $1,140.00 $1,140.00 $1,140.00
Furniture loan $0.00 $1,044.00 $1,044.00 $1,044.00
Total yearly expenses $19,200.00 $21,346.00 $22,838.10 $23,728.61
Yearly savings $1,200.00 $1,154.00 $2,161.90 $4,271.40