OK, so I will be starting my first full time job in about 5 months, and I will be making $40,000 dollars per years. What do you think of this budget? What am I missing?
Gross Monthly $3,333.34
Fed Income Tax ($350.50)
State Income Tax ($134.00)
Social Security ($194.26)
Medicare ($45.44)
Health Insurance ($52.00)
Dental Insurance ($25.00)
Vision Insurance ($7.82)
401(k) (6%) ($200.00)
Net Monthly $2,324.32
Expenses:
Rent/Mortgage ($550.00)
Utilities ($70.00)
Cable/Internet ($65.00)
Cell Phone ($50.00)
Food ($250.00)
Car Payment ($115.00)
Gas ($100.00)
Spending Money ($160.00)
Remaining for Savings$964.32
My biggest short term goal is to save for my own house. I currently have about 18,000 already saved up for that.
2007-02-07
16:56:06
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9 answers
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asked by
Anonymous