First years: How much do you spend a month aside from rent?
Hey all - I know there’s been threads on rent recently. Wondering how much you all spend per month aside from rent? Current first year spending ~$2500 for rent and ~$2000 a month on top of that. I feel like that’s a lot but just curious how that falls in line with others.
Dang that's a lot lol. I spend $1,500 on rent and $1,500 on top of that. Remaining ~$3,000 goes towards savings.
Bro where do you live for $1500 a month rent. Cheapest dorms aren't even that low
had a good covid deal but it's gone now :(
Gross monthly: $8.3K
Rent: $2K
BUDGETED all other expenses: $1.5K
Realistic all other expenses: ~1K
Rest is savings through 401K, brokerage, and “fun” sinking fund of cash
Gross Monthly: 8333.33
Post Tax: 6110
Roth 401k Contribution: 1667
Rent + Utilities = 1520
Travel, Food, Entertainment, Clothes, Miscellaneous: 1250
Crypto Investments: 400
Roth IRA: 500
Cash Savings: ~750/month
Already have 10k in an online savings account as an emergency fund. Should be about 40k savings/investing off the base salary, will invest the full bonus.
Monthly gross: 8.3k
Net: $5k
Rent: $2200
Car, insurance, parking: $1000
Student loans: $800
Other: $500
Spending the salary saving the bonus
Monthly NYC
Post tax: (Same as everyone else don't remember exact) $6.1k
401k: $0 (I don't think it's worth it because I'm investing solely in Leveraged ETFs)
Rent + Utilities: ~$2.4k (My only splurge because living comfort is extremely important to me)
Food: $200 (Not an exaggeration. I only eat a single meal a day typically and am very frugal in this regard. Usually ramen or eggs or bulk nuts/rice usually)
Entertainment: $0 (Literally don't go out. Maybe the cost of streaming subscriptions I guess idk?)
Student Loans: I have quite a bit but don't plan to really every pay. In b4 some, early 30s hardo comes in here and wags their finger at me because they paid it off over the years and misery wants company. Get over it. Your taxes will pay for it eventually. I don't make the rules and you have to play life dirty, fuck anyone who says otherwise.
3.5k saved in cash going all towards TQQQ/SOXL/UPRO
Lol don't pay off your student debt just do the bare minimum payment. Inflation will wipe it out anyways
Well yeah, I mean that's pretty much my point. Minimum payment or not the point is the idea that's hammered home about using all your FCF to pay it down quickly rather than invest/save or hell just buy something for fun even is completely idiotic imo. Inflation or gov same result
The savings from being frugal with food is not worth it if you want to last.
Can you explain what you mean by allowing "taxes to pay off student loans?" Are you referring to student loan interest payments being tax deductible? How would this work?
Lol no I literally mean either inflation or the inevitable gov bailout
might be a dumb q but why is 401k not worth it if investing solely in leveraged etfs? im an incoming analyst and mainly look at levgd etfs as well
Whats a good percentage to save on base and bonus for Analysts? Historically I've seen Analysts save ~30% of base and 80%-100% of bonus - is this a solid saving plan or frugal/aggressive?
Gross monthly: $$14.5k
Net: $8600
401k: $1700
Rent: $1500 (my half)
Car and Insurance: $800
Student loans: $1000
BUDGETED all other expenses: $1000
Realistic all other expenses: ~1500
Investments/Savings: ~$3800
how tf is your rent so low. I mean I guess roomate still as an associate? or is this a SO
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