Monthly Budget

Google
McChickens

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McChickensmore
Nov 1 24 Comments

Just saw someone post about their monthly budget. I’m about to move to bay area and this is my plan. How is it?

TC:170k
Base 120k:
20k => 401k
30k => tax
Rsu and bouns => invest

Monthly: 5600
Rent+util: 2600
Phone+internet: 150
Food(overkill): 300 + company food
Clothing: 50 + free swags
Other: 1000
Leftover: ~1500

Thinking about getting a car(Tesla model 3), but that’s probably gonna cost around 900(loan+insurance).

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TOP 24 Comments
  • Intel Ghaka
    Wtf does $50 worth of clothes buy you? A belt?
    Nov 1 5
    • Google
      McChickens

      Google

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      McChickensmore
      OP
      A t shirt, a belt, and a pair of jeans from amazon. Save two months I can get a pair of decent shoes. Or I can order a bulk from alibaba with the same price.
      Nov 1
    • IBM setgo
      GhAka cracked me up man! 😆
      Nov 1
    • Intel Ghaka
      Who says Asians are cheap.
      Nov 1
    • Google Ben Dover.
      Google it’s nice to be frugal but come on man $50 is thrift store money. Enjoy life a little and buy things that last. The shit you buy on alibaba won’t last for a month.
      Buy better stuff. You buy once and cry once.
      Nov 1
    • Google Ben Dover.
      Ah didn’t see your username. That explains everything. 🤦🏻‍♂️
      Nov 1
  • State Farm sweeeeee
    The other category has me puzzled. Are you a sugar daddy that you need to spend 1500 a month in other?
    Nov 1 1
    • Google
      McChickens

      Google

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      McChickensmore
      OP
      Just for hanging out with friends and probably buy some random things I see online. But you are right, I think I can cut that down to around 1000.
      Nov 1
  • Uber drivensf
    I make 110k base and manage to save 3500 a month with the same rent + utils (2700 for me). Just cook your own food and cut down on your ‘Other’ spending
    Nov 1 0
  • New KkDL36
    Mine is like this:

    Base: 110k
    401k -> 16.5k (10% + Match)
    RSU -> 17.5k (Invest)
    Bonuses -> ~39k (Split into 4, paid out quarterly)

    Regular Monthly after tax(No bonuses) -> 6300
    Rent + Utilities + Parking -> 2650
    Phone + Internet -> 160
    Food: 300
    Savings -> 1400
    Other(Debts, insurance, etc) -> 500
    Left over -> ~1300

    Put 35% of bonuses into savings, rest goes into checking.

    As others pointed out, your food is pretty high and other could be broken down better. What do you plan on cutting to afford the model 3?
    Nov 1 1
    • Google
      McChickens

      Google

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      McChickensmore
      OP
      I can cut at least 200 from food. And if I have my own car I don’t have to Uber or Lyft anymore, that probably save me 150-220 a month.
      Nov 1
  • Riverbed Technology siegel
    Other is too much. Be more detailed. Car insurance(if you get a car), car emi, gas, haircut, gym, hygiene stuff. Mine comes to around $4.5K-$5K.
    Nov 1 0
  • Finale Inventory / Eng huHG50
    Expenses: $2985 Total
    Rent: $1000
    Electric/Gas: $100
    Food: $300
    Gym: $90
    Eating out: $100
    Internet: $90
    Student Loan: $350
    Misc: $150
    Auto Loan:$650
    Auto Insurance:$155

    My base pay is 106k, I max out my 401k monthly(~$1590/month), my net pay after that is around $4800/month. So after expenses I have $1815 left to go towards investments and savings. I bought the model 3 LR with FSD and 2k performance upgrade. Paid around 25% down up front and got 3.49% APR on 72 month term through Tesla's financing.
    Nov 3 3
    • Facebook public2
      You could be making a ton of money if you cut out that crazy car...
      Nov 3
    • Finale Inventory / Eng huHG50
      Without a car, I would only be able to save an additional $9660 per year if I had no transportation costs, even less if you factor in other transportation costs. I'm already saving ~53% of my net income(including 401k contribution). I live in the Midwest and I currently have around 70k in investments ~2.5 years out of college.
      Nov 3
    • Facebook public2
      Incorrect, a used honda not only kills your loan but reduces your auto insurance dramatically. 800 a month wasted each month is a ton of money, especially for a younger person. It's totally up to you of course but damn that's so much wasted money...
      Nov 3
  • Intel Ghaka
    TC: $600K
    TS: $450K
    Nov 1 2
    • Match aworknplay
      What does TC and TS mean? Sorry, new here. Thanks!
      Nov 1
    • Intel Ghaka
      Total Comp, Total Spending
      Nov 2
  • Facebook public2
    How can we tell you how it is?
    Nov 1 2
    • Google
      McChickens

      Google

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      McChickensmore
      OP
      Compare to your monthly budget, which part seems not right
      Nov 1
    • Facebook public2
      We don't know your needs, goals, or desires. Not sure how we can compare or why you care what the comparison would be?
      Nov 1
  • Walmart Ciaramella
    How often do u eat out
    What about subscriptions or gym
    Nov 1 1
    • Google
      McChickens

      Google

      PRE
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      McChickensmore
      OP
      Company has pretty good gym. So I don’t have to worry about that.
      Nov 1

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