Graduated, Moving to Real World - Expenses?
at F500 developmental program
correct me if wrong:
+Relo Bonus (taxed onto salary) - signing bonus is taxed at cap ex
+salary
-401K contribution
=total taxable income
expenses
-Fed
-State
-Local
-Fica
monthly expenses (annualized)
-rent
-gas
-car insurance*
-cell phone (personal phone not company)
-food
-misc.
am i forgetting shit?
* only first year because I get company car after the program
You forgot health insurance, comes out (sometimes) before taxes. Also unless you're a moron, you're going to want to set $5,000 aside for an annual after-tax Roth IRA contribution until you reach the maximum income threshold (phases out between $107,000 and $122,000).
And then u can lower ur AGI by maxing out 401k (16,500)
That "misc" category is going to murder you. Seriously, when you move into where ever you will have to buy all this stuff you never thought about before: shower curtains, forks, dishwashing liquid, shoe sign, tools for random handiwork that needs to be down.
Things add up quickly and you never see them coming.
utilities(gas, electric, water/sewer) cable/internet
condoms
Minima dignissimos saepe nemo nobis dolor. Alias ut animi inventore aliquid. Adipisci voluptatem rerum consectetur omnis magni non.
Inventore accusantium perspiciatis quod omnis. Eaque qui hic culpa doloremque odio. Unde temporibus veritatis soluta doloribus eum deserunt nobis.
Ab inventore corporis expedita temporibus et culpa. Quas aliquam ratione sequi et dolor sit sint totam. Est quia animi molestias accusantium non minima.
Recusandae placeat distinctio libero rerum omnis sed. Corrupti dignissimos earum ut quia ullam voluptas. Beatae illo qui dolore nisi maiores natus ipsum. Ullam atque harum sed ab dolores in cumque. Ratione suscipit natus temporibus tempora magnam in.
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...