Very off topic...do you mind explaining how you got such a significant increase in pay in one year? What industry are you in?
I'm a good negotiator. In Fall of 2015, I switched jobs again to 105,000 and then got a raise to 108,500. After staying there for a year and a half I was offered 125,000 to work somewhere else. When I went from 59,000 to 85,000, I declined an offer for 75,000. I also negotiated up to 85,000 from the initial 80,000 I was offered. I then told the recruiter who contacted me that I wouldn't leave for less than 110,000 and ended up settling on 105,000. For this job I just started this week, they initially offered me 120,000 but I pointed out it wouldn't make sense for me to leave for less than a 15% increase. Now I make 125,000 with a 10-30% year end bonus and a better 401k match. So from 2014 to now I increased my salary by $66,000 and my bonus will be between $12,500 and $37,500 (pro-rated 1/3 of the year this year).
Which brings me to why I'm here.
Now I am making 125,000. I currently have 30,000 left in debt and $168,000 in my 401k in mutual funds (very low expense ratios). I plan on knocking out the rest of my debt by the end of the year.
I get paid 26 times a year biweekly. So this turns out to be $4807 per pay period. Knock out 35% for NY State and Federal taxes = $3124. Knock out ~$164 a month for the high -deductible health insurance plan plus ~$50 give or take for dental, STD etc. = after tax $150 off. so about $2950 left in the paycheck.
Most of the time I get two paychecks a month so that is $5900 a month before I consider 401k. I need to catch up this year since i only contributed $4200 so far. So I need to put in about $2000 per pay period for the rest of the year. They didn't say when the bonus is paid or what I will be getting yet exactly. So if I do that then $4807-2000 = $2807. $2807-$200 = $2607. Then take out 30% in taxes = $1800 a paycheck.
$3600 a month. I have a renter for my 2nd bedroom so my expenses are thus:
Rent: $1000
Cell: $55
Gas/Electric: $75
Cable/Internet: $110
Gym: $20
Various subscriptions: $20
Car Insurance (twice a year $425)
Total fixed expenses: $1380
Debt payments:Credit card 1 (0% interest): $100 a month
Credit card 2: $75 a month
Credit card 3: $25 a month
Credit card 4: $75 a month
Student Loan: $100 a month
Total debt payments minimum: $375
Total expenses: $1755
Remaining for food/fun/debt payoff/savings: $1845
Now here is where my main issue lies. I have really bad spending control. Even when I think I haven't bought anything, Mint says my shopping is $400 for the month of August. My food/Seamless/restaurant/bars habit costs me $800-900 a month. Most of my social activities are going out eating. I hate cooking but I like delicious food. One night I have Indian and one night sushi. I also take cabs frequently at $10 a pop. Amazon.com gets another $100 a month of who knows what. So I end up using up all my extra (which admittedly just started to be a lot this week).
I want to make sure that I am using all this extra money the right way but I need a TaskRabbit to follow me around and slap me if I spend too much on food. I can't realistically not order delivery so has anyone successfully just limited the price on what I can order, for example limit my delivery to $12 each time. HELP! It's like I just blindly act and don't realize how much it's hitting my pocketbook. I also get bored and food makes me happy! I'm thin believe it or not I just love delicious food made for me.