85k prorated?
Ok so I’m trying to figure out how much I can budget for rent for my SA gig. I have a 85k prorated salary for 8 weeks. So is my math correct for 85k/52 = ~1600 and then multiplied by 8 for a total of ~12000. Minus like 3k in taxes for 9k.
Can I afford a $2000 per month apartment?
Thanks.
I've gotten away with 1200-1600 in the past with roommates which made the experience much better imo. 2k is a bit much especially with the rental market in NYC - you don't need to be spending that much at all. Say you net 9k income. Minus 4k in rent is 5k. You'll probably spend a few thousand on food, travel, entertainment, miscellaneous stuff leaving you very little money to save (assuming that you value that highly over the experience). Also, it's probably likely that you're going to be virtual again so you can save a lot more by not having to deal with 4k getting blown on rent.
Forgot to mention I’ll be doing Houston IB and more like $2609 for the whole summer for rent.
In that case go for it. I'm assuming Texas is basically already open and come summer there should be a bunch of things to do with the weather being better.
What are you renting through/where are you renting? I'm in Houston over the summer as well, but unsure where I can sublet for the amount of time I need.
If you are SA 2021 you should consider places with a cancelation policy, or wait a few months. There's a good chance you'll be virtual and NYC is not worth moving to right now.
My bank has confirmed we’ll be in person in Houston and looking at $2600 total for 2 months rent.
In that case this is very reasonable
is this a bulge bracket?
Non ratione dignissimos est vero magnam sit voluptas. Possimus magnam exercitationem laudantium harum rerum suscipit quis sit. Architecto ipsum voluptatem nemo distinctio. Qui facere voluptate possimus repellat quidem ipsam itaque. Autem at repudiandae error similique et quam. Autem qui deleniti at aperiam aliquid perferendis repellendus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...