Financial Planning Portfolio Instructions
Animation computer gamer
Before you can start creating a financial plan for your educational costs and future budget, you need to make a career choice and then research to find out if you will earn enough money in that career to support the lifestyle you want to live. Think about the following:
What is your top career choice?
What are the educational requirements for that career?
What is the current annual salary range for your chosen career?
How will you budget your money?
Choose a career, then think about the educational costs associated with that career. Determine the average salary for someone in this career path, and then complete the Financial Planning Portfolio to create a budget based on your potential salary.
You may have to do some research to locate information about educational costs and projected income after graduation. This portfolio is designed to help you start thinking about how you can plan for your future.
Financial Planning Portfolio
Career Choice: Animation computer gamer
Educational Requirements:
- Bachelor's degree in animation, graphic design, computer science, or a related field
- Strong skills in computer programming, graphic design software, and animation techniques
Current Annual Salary Range:
- The current annual salary range for an animation computer gamer is $40,000 to $80,000, depending on experience, skills, and location.
Budget Plan:
1. Education Costs:
- Tuition for a 4-year degree in animation: $40,000 per year
- Books and supplies: $2,000 per year
- Total Education Costs: $42,000 per year
2. Monthly Expenses:
- Rent: $1,000
- Utilities: $100
- Food: $300
- Transportation: $200
- Health Insurance: $150
- Entertainment: $100
- Total Monthly Expenses: $1,850
3. Budgeting Strategy:
- Allocate 30% of income towards savings and investments
- Limit discretionary spending to 20% of income
- Create an emergency fund with at least 3 months' worth of living expenses
4. Financial Goals:
- Pay off student loans within 5 years of graduation
- Save for a down payment on a house within 10 years
- Invest in retirement savings accounts to secure financial stability in the future
By creating a budget based on my potential salary as an animation computer gamer, I can plan for my educational costs, living expenses, savings, and financial goals. It's important to be proactive in managing my finances to ensure a stable and secure future in my chosen career path.