Virtual Future & Family, Day 3

7. Do you want to go to college? Find the average loan/debt accumulated for a 4-year bachelor's degree. Find what your monthly payment would be.
-I want to go to college. The average loan/debt would be $25,250. The monthly payment would be $2,105.
8. Do you think your potential spouse will have gone to college? Double your college loan/debt amount. Double your monthly payment.
-It does not matter to me if my potential spouse will have gone to college. If she did out loan/debt would be $50,500 and the monthly payment would be $4,210.
9. Do you want your kids to go to college? Look up how college rates are expected to climb in 25 years. How much money should you save per month to have a college fund for your child? Multiply this by the number of kids you want to have.
-Yes, I want my kids to go to college. The average I should save a month so my kids could go to college would be $253 for three kids.
10. Do you want a cell phone? Cable? Internet? Look up the average monthly cell phone bill. Look up the average cable bill. Look up the average wireless internet bill.
-Yes, I would want a cell phone, cable, and internet. The average monthly cell phone would be $60. The average cable bill would be $75-$125. The average wirless internet bill would be $25-$100.
11. Do you want to cook at home every night? Go out every night? A combination of both? Consider your family size (your spouse, the number of kids you want to have, and yourself). Find the average grocery bill. Then, look up how much people spend on just going out/eating out each month. Add those totals together.
-I want to have a combination of both eating home and out. The average cost of grocery bill would be $100 and take out would be $300. So it would cost $400 together
12. Do you want to go on vacations? Consider one place that you want to go. Where is it? Look up the ticket price. Look up the hotel rate and multiply it by the number of days you'd want to go on vacation for.
-I want to go on vacations by staying at home that would cost me zero dollars
13. Do you want a savings account for "rainy days?" Look up the percentage of money that you should save each month from your paycheck.
-Yes i want to have a savings account for a rainy day. The percentage of my money that I should save each month from my paycheck would be 10-15%.