INCOME: Base Salary -$ 55,500 Monthly take home - $3,819
Monthly Expenses:
Rent - $ (798)
Renter’s insurance - $ (23)
Trash Payment - $ (13)
TV - $ (25)
Internet - $ (30)
Utilities(water/electric) - $ (45)
Food - $ (325)
Car Gas - $ (175)
Subscriptions - $ (47)
Monthly Savings:
Roth 401k - $ 277
Left at the end of each month - $2,007
Financial Accounts as of 11/19/2019:
Checking - $ 1,015 High yld Savings Account - $ 1,000 401k - $ 256 Student Loan - $ (533)
I’ve got a year of being on my parents phone, and insurance plan. Just graduated college and that is saving me a good amount from each paycheck. My plan is to add to my emergency fund until I have 6 months of expenses. Other than that, I’d like to open up an IRA account to go along with my 401k to make my savings at least 15% of my take home pay.
I’d still have money left over, so I’m planning on saving as much of that as I can to invest in real estate within the next year (down payment, closing costs, any rehab, etc.). I figure I can save about $15,000 at least for that.
I’d love to discuss my situation and hear any opinions!
Submitted November 19, 2019 at 10:19PM by boyee34 https://ift.tt/35sBa27
