Chris is a 26 year old friend from college who works as a manager at a local bottling factory. He just finished paying off his student loans and credit card debt and is asking for your advice to help him budget his money for the next 20 years. As part of this assignment, create a detailed plan, with your assigned group, for Chris for the next 20 years. The detailed financial plan should include (but not be limited to):

Taxes

Housing

Transportation

Living

Entertainment

Retirement

Use the following assumptions about Chriss earning and inflation:

Salary: $80,000/year

Annual Pay Increase: 4%

Annual Inflation: 2%

Identify major purchases made in the next 20 years (house, car, etc.) along with major lifestyle changes (marriage, kids, etc.). Make sure that your financial plan incorporates major purchases and lifestyle changes.

Your submission should have two parts. The first will be an Excel sheet with a detailed budget/cash flow statement for each of the 20 years. The second part will be a PowerPoint presentation highlighting the key points of the budget including all assumptions, major purchases, retirement strategy, and where Chris will be in 20 years. You will be required to present the PowerPoint portion in a 10 minute presentation.