1. Yearly Living Expenses Amount Description
Taxes $10,000 Property, State, Federal taxes etc.
Rent / Mortgage $24,000 Rent or mortgage / Apartment or house
Family Costs $6,000 Day Care, School Events, College Fund etc…
Utilities $7,500 Electricity, water, sewer, gas, oil etc..
Vehicles $10,000 Lease or payments, gasoline etc…
Maintenance / Condo Fees? $1,000 Home, appliances, vehicles, computers etc…
Communication charges $3,000 Fax, internet, phone(s), cable
Clothing $1,000 Spouse,Kids, work etc..
Insurance $10,000 Liability, health, life, renters etc…
Legal fees $1,000 Cost for any legal support that might be required
Licenses / permits renewal $500 Drivers, parking, tolls etc..
Accounting $1,000 CPA, H&R Block, Turbo Tax etc…
Food $5,200 Groceries
Associations / magazines $250 Neighborhood, condo etc..
Training / continuing education $250 Cost for continued training and education
Retirement Savings $10,000 Annual savings for your retirement
Miscellaneous $2,500 Anything not in this list
Yearly Living Expenses: $93,200
Yearly Personal Expenses Amount Description
Entertainment $1,000 Movies, Birthdays, Anniversary, Grandchildren etc…
Travel $5,000 Tickets (air, bus, taxi, gas, hotel etc…
Miscellaneous / Personal Costs $0 Anything not in this list
Miscellaneous / Personal Costs $0 Anything not in this list
Miscellaneous / Personal Costs $0 Anything not in this list
Yearly Personal Expenses: $6,000
Payable Working Hours Amount Description
Days of vacation 90 How many days vacation do you plan per year
Average hours / week 40 How many hours per week you work a normal week
Average hours / day 8 How many hours per day you work a normal week
Average workdays / week 5 How many days per week you work a normal week
Sick days / year 5 How many days per year you are sick
Public holidays / year 7 How many public and religious holidays per year
Yearly Hours Worked: 1,264
Needed Salary Amount Description
Yearly living expenses $93,200 Cost
Yearly personal expenses $6,000 Cost
Yearly payable working hours 1,264 Hours
Yearly wanted savings $10,000 Your targeted yearly savings (personal NOT retirement)
Calculated hourly rate $86 Calculated hourly rate THAT YOU NEED TO EARN
Break-even hourly rate $78 Calculated hourly rate to break even
Annual Salary Rate $109,200 Calculated salary net
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