answer the questions

Life After College – How do I Fare?

You are to respond to the following prompts related to your completion of the spreadsheet: “Life After College – How do I Fare?”

1. How did you determine your annual salary after you graduate for the Annual Income and Taxes spreadsheet? What sources did you use, and did you look at various career options, and use multiple annual salary assumptions?

2. When completing the Projected Budget spreadsheet, what challenges did you face? Was is difficult or easy to “pay yourself first” with savings for your 401K or additional savings? Why was it difficult or easy?

3. If you have student loans, were you surprised at the monthly debt service payment shown on the Monthly Student Loan Payment spreadsheet? Why were you either surprised or not surprised by the monthly debt service payment?

4. When reviewing the Savings and Investment Growth spreadsheet, how did you perceive the growth of your monthly savings for retirement? Do you think the amount you save will be enough for you during retirement and why do you think that way?

5. How many iterations did you perform on the Life After College – How do I Fare? assignment? What was the reason for doing the iterations? What did you learn about your financial planning process?