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re: Break it down - your finances
Posted on 4/27/15 at 6:08 pm to JonaYolles
Posted on 4/27/15 at 6:08 pm to JonaYolles
24 Years old, Single
$6000- Gross/Month
$3780- Net/Month after $480 Roth 401k Contributions & Taxes [$510 Company 401k Match]
($1200) Rent
($300) Food and Supps.
($220) Utilities
($200) Spending Money
($160) Gas
($110) Insurance (Truck Paid Off)
($60) Cell
($35) Gym
Everything else goes to the bank or my personal stock account.
$6000- Gross/Month
$3780- Net/Month after $480 Roth 401k Contributions & Taxes [$510 Company 401k Match]
($1200) Rent
($300) Food and Supps.
($220) Utilities
($200) Spending Money
($160) Gas
($110) Insurance (Truck Paid Off)
($60) Cell
($35) Gym
Everything else goes to the bank or my personal stock account.
This post was edited on 4/28/15 at 9:39 pm
2
Posted on 4/27/15 at 9:06 pm to LSUTOM07
So everyone is just throwing their cash flow ledger out there looking for a uniform analysis for savings and financial planning??
I do planning and advising for living and its isn't that easy to just say "everyone should have this, this, this" % of income wise.
I have clients that are more comfortable with saving more in retirement, setting their emergency funds at 3 months (some 6 all all the way up to over a year) of living costs. While you could look at the information some of you are giving and give small advice to what you are doing, I would say you should actually sit down and look at the big picture and talk everything over one on one.
Some may disagree and say I'm just promoting my occupation but it is what I see and the variations in different risk levels is pretty big.
I do planning and advising for living and its isn't that easy to just say "everyone should have this, this, this" % of income wise.
I have clients that are more comfortable with saving more in retirement, setting their emergency funds at 3 months (some 6 all all the way up to over a year) of living costs. While you could look at the information some of you are giving and give small advice to what you are doing, I would say you should actually sit down and look at the big picture and talk everything over one on one.
Some may disagree and say I'm just promoting my occupation but it is what I see and the variations in different risk levels is pretty big.
Posted on 4/27/15 at 9:50 pm to LSUTOM07
32 Single-no kids
~ $4300- Net/Mo. after $252/mo 401k + including some rental income
$1580 mortgage
$200 on auto (insurance & gas) car paid for
$400 for house utilities including some from rental + cell phone
$700 entertainment: restaurant and bars
$458 Roth
$150 Short term savings
$200 HELOC only $2k left
Rest usually to brokerage or extra on HELOC
~ $4300- Net/Mo. after $252/mo 401k + including some rental income
$1580 mortgage
$200 on auto (insurance & gas) car paid for
$400 for house utilities including some from rental + cell phone
$700 entertainment: restaurant and bars
$458 Roth
$150 Short term savings
$200 HELOC only $2k left
Rest usually to brokerage or extra on HELOC
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