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Old 08-07-2006, 08:13 PM   #1 (permalink)
In Training
 
Join Date: Apr 2006
Bike: a car :(
Location: Frisco, Texas
Posts: 149
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Default My 1 Year Plan

How does this look? I've searched around and tried to forumlate a "budget" of sorts, the order in which I want to make my purchases, and the expected outcome.

Please tell me if I've forgotten any major costs.

Motorcycle Fund Planning Guide
version 1.0

FIRST STEPS:
$180 - MSF Course
$15 - License/Exam Fee

GEAR:
$150 - Jacket (Summer)
$100 - Boots
$65 - Gloves
$150 - Helmet (Full Face)

INSURANCE:
$150 (month) - $1500 (year)

BIKE:
$7000 - 2007 Suzuki Boulevard M50

TOTAL (First Year) - $9110

Some prices I expect to be lower (such as the initial bike purchase, and the insurance quotes) but I don't want to plan low and find out I come up short. I did not include gas, because that's pretty much a given. I do not plan to buy an aftermarket accessories, unless I happen to have extra cash. The following year maybe...

I plan to buy new from a dealer and finance, so REALLY it's not a $7000 one time purchase. But that is the way I am calculating it...as I want to save away money and have it THERE, instead of scraping for pennies because I thought I had more than I actually do.

What do you think?