I’ll keep this post pretty simple.
I recently accepted a promotion at work and dropped out of school.
I worked part time for a service company in sales and found that sales is my calling. After 9 months I was offered a promotion and I took it opting to not continue classes as I am now making about what I was expecting to make with my degree.
I am earning 46000 a year in salary, and 6000 a year in commission minimum before bonuses and overtime. If I exceed in my new role as I have been I was informed I would be promoted again within 5 months time. Also additional commission would be made based on my locations overall sales metrics.
I am 21 and have no idea how to manage this and save properly.
Assuming the second promotion doesn’t occur and I remain in this role making 52k a year (the commission in my state is taxes differently than standard income so estimated take home will be 3500 a month after taxes and withholding)
How should I split this up? My only current bills are my car/insurance and small things like gym and spotify.
My current monthly needs (including gas) is about ~850
328 - car payment 299 - insurance 200 - gas for the month 23 - gym 5 - spotify
I want to begin saving for my retirement along with for a down payment on a house.
I plan on doing real estate on the side starting in February as well so my income will increase aswell.
Submitted September 20, 2019 at 08:59PM by TonyAtCodeleakers https://ift.tt/30eHX12
