Trabalho de economia sobre finanças pessoais em ingles

CHARLIE BROWN’S PERSONAL FINANCES IN THE NEXT 5 YEARS

Charlie Brown graduated as an electrical engineer from the University of Toronto in June of 2012 and took up a position as a junior software engineer at Altera Corp, Toronto, three months following graduation. At this moment we start his 5 year financial plan. Charlie receives an annual salary of $50,000 [1; Glassdoor search] after taxes and deductions, with an annual bonus of $1000 and profit sharing of $1000 [2], Charlie has $3000 in personal savings from past summer employments and received $15,000 from his grandfather as a graduation gift. Charlie leads a fiscally responsible life and resides in a studio apartment located in Downtown Toronto ($1000/month)[3] . He is currently single and does not need to financially support a partner or family members. Monthly variable expenses for Charlie include occasional entertainment expenses, such as going out with friends ($20/month), golf on a bi-weekly basis ($60/trip), and food and utilities ($300/month). Charlie’s fixed costs include, rent, paying off his student loan (~$200/month, over ten years), and saving into his Tax Free Savings Account. Appendix A attached below, highlights all these costs in greater detail. After all expenses are account for, Charlie has a buffer of $183.00 each month for unexpected expenses, which Charlie stores in his chequing account. The total money “saved” this way may reach a total of approximately $2000 per year. Coming from a happy middle class family, Charlie holds strong family values and hopes to establish a comfortable middle class life for his future family. He plans to get married in his early thirties and have children about two years following that. Charlie counts on his fiance taking half of their future wedding costs. Studies show that the average wedding cost in Canada is $25000.00[9,10,11], therefore Charlie will be expected to account for $12500. This expense will be financed through Charlie’s savings from his buffer