Budgeting Advice for Incoming 1st Year Analyst
Trying to figure out how much I can spend on rent and still live off my base of $110k, which I estimate comes out to ~$6k post-tax on a monthly basis. Here's my breakdown of additional expenses:
Contribute 6% to 401k to equal the company match - $550/month
Food - $1,000/month. I plan on taking full advantage of the dinner stipends as well, so this includes weekend dinners where I might splurge more than usual.
misc/entertainment/night life - $1,000/month.
Accounting for these expenses, I'm sitting at $3,450/month for rent and leftover savings.
I'm not from the city, so please let me know if I'm underestimating my expenses and whether this is a reasonable budget for analysts.