The Future

Dominic Heilman
Attending the California Institute of
Technology

● Total fees for a 9 month term are estimated at $74,763 for an undergraduate attending
Caltech
● A bachelor’s degree is required for my chosen career, and it will take 4 years of study to
earn one ($299,052)
● This can be paid for through private scholarships, grants, and part time jobs/work study
● I can also apply for a subsidized loan from Stafford, with an interest rate of 4.53%
● Loan must be repaid over ten years
● I will owe Stafford $31,000 plus interest if I borrow the maximum , which pays for about
15% of my total expenses
● Entry level Software Developer jobs earn about $55,000 a year
 My Entry Level Budget

● I make about $57,485 a year at an entry level Software Developing job, according to
Ziprecruiter.
● A monthly 50/30/20 budget based on that would look like this:

50% for necessities 30% for wants 20% for savings & debt
repayment

$1,806 $1,083.6 $722.4

 My Career Budget

● I make about $103,620 a year as a Software Developer, according to bls.gov.

● A monthly 50/30/20 budget based on that would look like this:

50% for necessities 30% for wants 20% for savings & debt
repayment

$2,933.50 $1,760.10 $1,173.40

A Dream Home

● 117 Aldrich Drive

● $325,000
● 4 bedrooms
● 3 bathrooms
Buying My Dream Home

● Credit score of 800

● My chosen house costs $325k
● Investing in my youth will cover parts of the cost of a down payment, along with savings
● Due to my 6 figure salary, I will apply for a 15 year fixed rate mortgage from my bank
● 10% down payment of $32.5k
● Mortgage payments estimated at $2,335 a month
● Fixed interest rate of 3.25%
● My budget estimates cover the cost of the mortgage payments