Lucked out a lot with growth, despite the raises I have never had a raise that is performance-based lol. Both companies did raises in March and I didn’t have enough experience at either to get anything other than the lowest raise they could give. I’ll get a GWI in March and won’t have my first performance raise until 2028.
I know that the GWI is effective 10/2, but checked workday and it is still showing my previous salary before the GWI.
Hi,
I 24F, living in a VHCOL have gotten more serious about budgeting this year and wanted feedback on my current monthly expense breakdown. All of my expenses in my "left over" portion are rounded to the nearest tenth. My only variable expenses are what are listed in my "left over" category. The actual breakdown will change, but I always keep my "left over" category at or under $1,600-$1,500. Eventually once I hit my emergency fund goal, I plan on putting the money into a brokerage account for future large purchases.
Savings/Rertirement:
401k - $46,389
Roth IRA - $1,581 (started recently)
Emergency Fund - $8,384 (aiming for $15,000)
Net Income after Retirement/Taxes/Deductions
$5,500
Rent: $1,000 (my portion. Total cost of 1bd1bath 3,600)
Student Loan Payments: $1,400
HYSA: $1,200
Roth IRA: $300
Travel: $100
Left Over: $1,500
"Left Over" spending breakdown
Gas: $170
Car Insurance: $270
Medical bill: $300
Going Out: $200
Groceries: $290
Shopping: $150
Subscription: $40
Remaining: $80 (some months I don't have any remaining, if I do I will either send it to my HYSA or Roth IRA)
Hi all,
I recently turned 24 and am realizing that I need to start getting serious about budgeting. My bf and I have been together for 5.5 yrs and am planning on getting married and buying a house in the next 5 years. I want to be able to pull my weight when the time comes. I’ve been working for about 2 years now and have been enjoying not living as a broke college student, but now want to start saving more.
For context I live in Seattle with HCOL
My current standings:
~ 5K in savings
~ 41k 401k
~ 1k Roth IRA (just started)
Monthly Breakdown: I get paid Biweekly, but put the extra 2 months into savings, for budgeting that are ignored.
Net Pay each month is ~ $5400 (this is after my $1300 retirement contribution)
Rent: $1000 (my bf and I share a 1bd)
Student loans: $1200-$1400 (depends on how much I want to pay that month)
Savings: $1000 (Focusing on this now to get my savings up)
Car Insurance: $270
Gas: $200
Food (Groceries + Eating out): $500
Subscriptions: $50
Roth IRA: $300
Fun Money $680
I have a lot of hobbies and random expenses that come up every month from activities which is why my fun money is so high.
How does this look? I am open to advice on making any changes!