Jess's current monthly budgeted income & expenses

Income Salaries ($25 x 80hours) $2,000 Total $2,000 Expenses Rent $800 Public Transport Fares $200 Food $440 Utility Bills $90 Mobile Phone $60 Clothing $50 Miscellaneous Expenses $80 Total $1,720 Surplus/(deficit) $280Jess's goals and objectives: Jess's main goal is to go travelling overseas for a year when she nishes her degree. She estimates that she will need about $22,000 for the gap year. When she comes back from overseas, she would like to work full-time in Brisbane. She estimates that once she starts working, she can save $1,000 per month for the rst two years and $1,500 per month for the next three years. Rather than saving to buy property, she wants to invest in the share market by building a portfolio of equities. She would like to be able to invest at least $100,000 and is open to borrowing to increase the size of her returns, but she hasn't thought that through as yet