Moving to NYC – How's my budget?
I am moving to New York City next year and wanted to get an idea of how realistic my rudimentary budget is. I am making $100k as base with a $signing bonus (and 10-20% performance bonus at the end of the year). For the sake of the budget, I just used the $100k figure.
After tax and after a $19,500 401k deduction (I assumed 0% employee match just to remain as conservative as possible with my budget), I got an after tax income of roughly $55,239, which comes out to $4,603.25 per month.
Here's how I estimate my monthly expenses to go:
Roth IRA Contribution: $500
This gives me roughly $503 per month left at the end. Is there anything I am missing from this budget, or is there any figure you guys suggest I try to reduce/increase?
Thank you all!