Money and Math Dealio

For an average college graduate the amount graduated in debt is $37,172. If a 2016 graduate took the standard repayment plan for the $37,172 borrowed – 10 years, at 4.29% interest rate – they would be paying $382 a month for the next decade, which adds up to $55,008.

SALARIES of 2018

• Expenses per Year

• $4,584 for college loans
•  $240 for a phone
• $18,060 for a house 
• $3,638 for food 
• $1,168.92 for utilities
• $3,442 for a car
• $1,385 for healthcare

This means that the average expenses will be roughly $32,517 per year, but that is obviously not everything that would need to be accounted for and there is also insurance along with random  expenses and saving money for other extra things in life, so having leeway is really important.