Sarah and Jake…
…are a married couple living in an apartment. They’ve decided that within 5 years they’d like to move into their own place.
Challenges
- Their rent is increasing 3% each year
- They plan to have their first baby in 3 years, which will increase their expenses by $800/month
Using Futurez, let’s create a 5-year plan for them!
Step-by-step walkthrough
View simulation
What is Futurez?
Futurez is a FINANCIAL SIMULATOR anyone can use. Discover insights about your money situation in minutes.
HOW THEY DID IT
Key elements of their plan
1
We simulated rent increases by raising their overall expenses by 3% each year. We also set up an event for 3-years down the road that will add $800 to their expenses for 34 months.
2
At the end of their plan, we scheduled a $60k expense to cover their down payment. At first, this led to them going under water on their bank account.
3
We took a few tries dropping their monthly expenses until we found the point where they would end up with enough money for their down payment and return the bank balance to where it started.
Ready to see your futures?