Hi all, I was lucky enough to receive a job offer for a fully remote and I've been considering whether to work from Seattle or NYC. I've done my research on NYC and made some back-of-the-envelope calculations for a rough budget.
A little bit more about me: Single, male, mid-20s, no debt and have a net worth of ~90k.
With that said, I would like to get a second opinion if the budget I drafted out makes sense or if I'm completely off the mark about something.
Offer Details: 135k base salary 35k stock/year (vests with a 1 year cliff, so I don't get this until I've been in the company for a year) 13.5k bonus/year Total Compensation: ~183.5k
Budget: After tax and health insurance, my take-home salary comes out to about 89,000
Maxing my retirement accounts for the year (401k, Roth IRA, and HSA) will then leave me with 89,000 - 19,500 - 6000 - 3500 = $60,000
With $60,000 to work with, that gives me a monthly budget of $5000.
Rent: $2500(Studio, Murray Hill/Kip's Bay area) Bills/subscriptions: $300 Transportation/Unlimited MetroCard: $127 Groceries: $400 Eating out: $500 Shopping/Museums/Shows: $500 Savings: $673
After 1 year, I should receive the yearly company bonus and the stock units granted by my company should vest, giving me a bit more wiggle room.
Submitted June 05, 2021 at 09:42AM by lestrata https://ift.tt/3poPQdt
