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Jess's current monthly budgeted income & expenses

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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)
$280

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Jess's goals and objectives: Jess's main goal is to go travelling overseas for a year when she finishes 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 first 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.

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