Bay Area New Grad Monthly Budget

Financial Services Company
tsoprano2

Financial Services Company

tsoprano2
Apr 24 30 Comments

Coming to the bay area very soon, with a 124k base and a TC of ~ 170k. I'm in the process of making a budget chart, and am looking for feedback on whether my current budget idea is reasonable.
I've already found an apartment to live with another professional.

After-tax Monthly Base: ~$6800
Rent: $2000
Transportation: $600 (e-bike, splitting gasoline, Uber, Caltrain, etc)
Groceries: $400
Restaurants: $500
Clothes: $150
Entertainment/Trips: $350
ESPP: ~$1000
Roth 401(k): $680 (maxed)
Remaining Savings: ~$950

Rest of my TC is going straight to savings.

TC: 170k (Year 1)
YOE: 0 (new grad)

Edit: I'm in South Bay, not SF.
Also, Monthly Amount is after HSA deduction.

#personalfinance #budgeting #investing #savings #money #bayarea #finance #housing #401k #espp

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 TOP 30 Comments
  • Google
    FsFb83

    Go to company page Google

    FsFb83
    You should max your 401k
    Apr 24 13
  • Conviron / Other
    bananafoa

    Conviron Other

     bananafoa
    Looks good. Are you thinking you’re going to get a place on your own for 2k in SF?
    Apr 24 2
    • Financial Services Company
      tsoprano2

      Financial Services Company

      tsoprano2
      OP
      I'm actually living in South Bay since it's closer to work, but may do so after a year or so.
      Apr 24
    • Conviron / Other
      bananafoa

      Conviron Other

       bananafoa
      Yah then it’s possible to find a place for 2k, nothing too amazing but decent :)
      Apr 24
  • Adobe / Eng
    ahdohbee

    Go to company page Adobe Eng

    PRE
    Apple
     ahdohbee
    Starting much better than me when I was new grad. But you’ll prolly want spend more on restaurant and clothes.
    Apr 24 1
    • Yeap. Realized I still need to look the part so I set aside $700 a month for a nice shoe/shirt/belt/watch here and there. Also, feels nice do walk into a mall and come out with something nice for yourself. Otherwise what are we working towards? 😂😂
      Apr 24
  • Google
    FsFb83

    Go to company page Google

    FsFb83
    Which part of the bay? If it’s SF $500 for going out could go pretty quickly depending how much you go out, but also I wouldn’t expect to spend $600 on transportation so I think the total number makes sense
    Apr 24 2
    • New
      abg1234

      New

      abg1234
      Tbh ubers in the city been a bitxh lately
      Apr 24
    • Financial Services Company
      tsoprano2

      Financial Services Company

      tsoprano2
      OP
      Just updated, I'm in South Bay.
      Apr 24
  • Uber
    uStock

    Go to company page Uber

    uStock
    Don’t need transportation, clothes, groceries.
    Apr 24 1
    • Financial Services Company
      tsoprano2

      Financial Services Company

      tsoprano2
      OP
      Wdym? Aren't those basic needs?
      Apr 24