Hey guys, I’m about to graduate with my bachelors in December and am about to start working in January. My income, debt, and estimated expenses will be below.
Income – Base Salary: 125,000 – Relocation Bonus: 25,000 – Performance Bonus: ~ 30,000
Debt – Federal Student Debt: 120,000 – The debt will start accruing interest in June at a weighted average of 4.8%
Monthly Expenses – Rent: 1,500 – Utilities: 200 – Car Lease: 500 – Parking: 125 – Gas: 100 – Student Loans: 1,300 – Food: 500 – 401k with match: 1,708 (I get full 401k match so will be putting the annual limit). – Health Insurance: 0 – Total (without 401k contribution): 4,225
Obviously, there are things I can cut back on (these are mostly estimates). I also imagine my performance bonus will become higher than my base salary within a few years for perspective. Thanks in advance.
submitted by /u/throwawayxyzmit