How do you budget your analyst salary?
Hey guys,
I was wondering how you budget your monthly salary. I plan on sending my family some money and also growing my savings so I’d love to hear how you budget yours?
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So this honestly depends on taxes and location (i.e. rent and living expenses such as food) but I would spend about 70-80% of the disposable income on rent, food and transportation. I should mention that this is base salary. I would then divide 10,000 between paying off loans, saving up, and sending money to your family. After your first year when you get your bonus, it should make it easier to spend money on fun like bars and clubs.
Are bonuses taxed just like the base?
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