Debt payoff budget:
Gross salary 57,000
Gross income monthly 4750
Federal taxes (865)
Payroll taxes (294)
State taxes (306)
401 contribution 0
Take-home income 3285
——–Saving——–
Down Payment 100
——–Housing——–
Rent 1300
——–Utilities——–
Internet city 26
ConEd 35
Electric 25
Storage 74
Cable 46
——–Food——–
Restaurants 25
Grocery 140
——–Transportation——–
Repairs & Tires 25
Car Insurance 75
License & Taxes 10
Gas & Oil 30
Metrocard 109
——–Clothing——–
Cleaning/Laundry 25
Clothes 50
——–Medical/Health——–
Dentist (Savings) 30
Optometrist/Contacts 25
——–Personal——–
Spending cash 40
Toiletries 10
Hair Care 30
CPA exams sinking fund 50
Gifts (incl. Christmas) 30
——–Recreation——–
Entertainment 20
Vacation 40
Spotify 9.99
——–Debts——–
Student Loans Minimums 460
Extra loan payments 530.01
Total extra paid on student loan: $6360
401k end of 2012: $73,000
Plus total saved in 401k in 2013: 0
Total 401k: $73,000 + YTD earnings
Total owed on student loans $46,000
Down payment saved: $1,200
Emergency fund: $15,000
401k savings budget:
Gross salary 57,000
Gross income monthly 4750
Federal taxes (600)
Payroll taxes (200)
State (200)
401k contribution 950
Take-home Income 2800
——–Saving——–
Down Payment 90
——–Housing——–
Rent 1300
——–Utilities——–
Internet city 26
ConEd 35
Electric 25
Storage 74
Cable 46
——–Food——–
Restaurants 25
Grocery 130
——–Transportation——–
Repairs & Tires 25
Car Insurance 75
License & Taxes 10
Gas & Oil 30
Metrocard 109
——–Clothing——–
Cleaning/Laundry 25
Clothes 45
——–Medical/Health——–
Dentist (Savings) 30
Optometrist/Contacts 25
——–Personal——–
Spending cash 30
Toiletries 10
Hair Care 25
CPA exams sinking fund 50
Gifts (incl. Christmas) 30
——–Recreation——–
Entertainment 20
Vacation 40
Spotify 9.99
——–Debts——–
Student Loans Minimums 460.01
Extra loan payments 0
Total extra paid on student loan: $0
401k end of 2012: $73,000
Plus total saved in 401k in 2013: $11,400
Total 401k: $84,400 + YTD earnings
Total owed on student loans: $50,500
Down payment saved: $1,080
Emergency fund: $15,000