Associates - Care to share your rough budgets (income, spousal income/family support, rent, monthly spending, student loan payments, savings, etc.)?

like
Posting as :
works at
You are currently posting as works at

NYC junior: monthly take home is like 10k after taxes and benefits and insurance. I max Roth 401k, HSA, and Roth IRA at the beginning of each year.

Rent is $1640 in a good neighborhood with roommates

Student loan is $1600

Discretionary is about $2500-3000 all in.

No spouse, no family support. All else goes into savings and taxable brokerage. I feel that I live quite well at the moment.

like

Good God! That’s so cheap, is this a house share outside Manhattan?

like

Mine is really quite bad. Third year. 10K. I max out my 401k. I spend about $4k on food, housecleaning, going out. $3k rent in a 1 bd in midtown. Rest to savings and btc

like

I actually think this is relatively standard for NYC. Insurance and living is really spendy and "luxury" is basically baseline amenities in most metro areas. Dishwasher, actual kitchen, laundry in the building? Luxury. Minimum 3k

like

3rd year - after tax and 401k, I take home ~11k. Spend $2700 for rent and about $600 on going out, food & utilities. Save about $7.5k/mo in addition to 401k

like

Thanks for sharing!

I’m a first year. Take home is $9,200 monthly. I spend $1850 on rent (shared 1bed with my SO), 4K/mo to loans, $300/mo to retirement, the $3,050 left is for living expenses/going out. I get paid biweekly so the extra 2 paychecks a year when there’s long months I put one toward loans and the other I use for vacation/Christmas shopping expenses. Bonus goes mostly to loans.

like

NYC Junior

$2200 rent (split 1BD with GF in nice building downtown)

$1400 student loan (refinanced at 3.9%)

$1200 groceries/restaurants/bars

$1000 other discretionary (tickets/skiing/trips)

$3500 investments (401k, Mega Roth, HSA)

Rest is taxes, insurance, and a few other random discretionary things that I don’t track (toiletries, Netflix, etc.)

Related Posts

I’m trying to book first class tickets LAX to Tokyo for summer next year and I’m not able to find anything. Is it normally so hard to find availability? I have 350k Amex pts and am hoping to book 2 RTs

like

Thoughts on the Houston / Katy RE market? Do I exit out of my rental property before the oil and gas industry goes down? If I do, the money will be rerouted to the SoCal / OC market at a lower cap rate but potentially higher cap gain with much more volatility.

like

Is it possible to transfer the points in Appreciate as Money to a bank account?

like

Any recommendations for pre-retreat articles or podcast episodes on trends/disruptions in healthcare to share with an executive team?

like

Hi fishes, I want to submit broadband connection reimbursement request via Global Claim System GCS. Is there any chances of background varification regarding the broadband bills??
Thanks in advance.

like

Does FIL provide Corporate NPS for tax savings purpose?

Has anyone seen Liberty Mutual’s Q2 Net Loss of $343 Million? Do you think it’s related to their CEO retiring this year? Thoughts?? Just curious to hear what’s your take on this.

Clearview healthcare partner 🐠 - looking to apply for the experienced analyst position. Do I have to be based in the 3 cities listed on the job description?

like

Why do people not like using Robinhood? I feel it’s great.

like

I Have joined Capgemini on November. If i want Sodexo, do I need to take within next month. Is it possible to take on the next financial year?

If I'm taking meal card, when will I able to get Sodexo card. Suppose if I'm taking this week, will i get card by this month if not will the amount get deducted?

like

Is it worth buying Crypto right now? And which one?

I’m a Registered Client Service Associate (not senior as my title suggests. Not sure why it changed from just registered CSA) at Morgan Stanley. I have been here about 8 months. I have my 7, 66 and life and health insurance licenses. I make 70k currently. Just wondering if I’m being paid fairly. NYC. note I do get paid separately from the advisors I cover but I want to make sure MS is compensating me fairly.

like

What's an average flat rate for investment account fees under 500K? Is 1.7% average? I am no having luck finding info on line and I'm surprised how many friends have no idea what fees they pay associated with their IRA and 401k accounts.

likesmart

I always just split my 401k contribution - e.g. 6% in Traditional and 6% in Roth. I am now 35 with TC of $300k+ and wondering if this is still the best plan. Should I just be doing 10% traditional and doing the back door Roth? Goal is to get to $5mm and retire - hope to make 4% on that and live of that.

like

Hi there! I’m looking for a role as a technical project manager. Preferably at a bank but I’m willing to look into healthcare as well. Please let me know if your company is hiring and you can provide a referral :)

like

Has anyone here applied for a veteran small business loan? Are there other resources anyone would suggest as well?

likehelpful

How do you guys manage taxes? Particularly if you have large gains. Do you file quarterly etc... to avoid penalties.

like

Hi fishes,

My CTC is around 12 lpa per annum. How can i avail max tax benefits?

like

Under contract for a 2,700 sqft home in LA. I think the price is OK: it’s not rock bottom and definitely not overpriced either as similar sized homes in the area have sold for MUCH more. The price is decent because it needs a bit of work on the interior, and I’m perfectly fine getting that done. OK time to buy now? Ideally I won’t have to sell this one to buy another home anyway, so in theory the hold period can be indefinite. What do you think about the impending foreclosures due to COVID?

like

considering buying a piece of rental real estate in a different state NC and I currently live in FL. Would setting up an LLC be the best option to protect my personal assets? Best option and pls lmk if there is better: single member, SCorp elect, C, pshp. I am married and HHI 150k.

like

More Posts

Can anyone tell me about the cab system in new delhi office
Will it pick and drop at my home?
I am living near sagarpur,new delhi

like

At this moment, I am almost depressed. I am in a relationship with this guy for 2 years now. In the past 2 years, we have fought more than we have lived days with peace. We both have high ego problems because of which it’s really hard to resolve a conflict. Things have recently escalated to calling names/swearing and even physically abuse from both sides. We both want to end the relationship, have tried so many times, but we cannot.

Cont. in comments.

like

Hi Guys, How is Capgemini Invent? Is it a different company or SL? How are its projects and opportunities?

like

Hi Fishes,

How is the work life balance and work culture in Netcracker Bangalore?

like

s/o to ppl that made it more than a year being in an office away from friends/family/SO. dunno if I can do this much longer :/

like

Is it a dead in to go in-house early in your career? And is it doable to go back and forth between agency and in-house opportunities?

like

Anyone notice iPhone getting super slow recently? Mine is like 8 months old and it’s freezing and lagging constantly, iPhone XS Max. I like apple products and want to stay, but this is driving me nuts. Did I get a defect or could this be company setting that’s slowing it down? 🥴

like

Wrong to bring an escort to the firms Christmas party ?

funnylike

Are y’all about this life?! Hit me up

like

Hi,
I got 4.31 ipf as my final anniversary rating. I know tcs give low hike but would like to know can i expect atleast 5%. Also is 4.31 is good rating or not? Pls advise friends.

like

When does the bonus payout happen for India and do all employees get it?

like

Hello Sharks,

I'm looking for a Job change. I have 2.5+ yrs of experience in Python Backend Development. If you have any openings in your company please refer me. Any leeds would be appreciated. Thank you in advance.

like

A recruiter asked for times to connect today (Friday) several days ago, but didn’t reply back to my availability. Do I follow up today? Monday?

Happy Diwali / Diwali week fellow Desi Fishes :)

like

Can anyone refer me for a few senior associate positions at strategy&? Would appreciate it.

We're going to have to take into account immunosenescence in vaccinating older folks

like
like

NYC vs SF b4 salary ? Which one is higher?

like

Currently from mainland Europe. Offer from capco at senior, also offer from big 4 as a manager. Both within data n analytics - and in London. I’m interested in strategy (want to branch out into digital strategy in the future) based work and haven’t heard the best things about capco. Can u guys pls give some opinions. Salaries quite similar. Im 35 and the next move needs to be the right one.

What will be the inhand salary if the fixed CTC is 11.3LPA?

like

Additional Posts in New York Big Law

Book recommendations? Preferably fiction or otherwise non-law related.

like

I have been an associate for 13 years and make $200k. Seems like this is slightly more than what most firms pay. Am curious to hear how much people with a similar number of years’ experience make

Any NYC big law firms that are NOT returning to office yet?

like

Out of curiosity, does anyone know how much partners make at V20 firms?

like

Which big law firm would you say offers the best work-life balance and why? Is this just a mythological idea for law, or is wlb possible? Genuinely curious

like

Big law corporate associates are little more than project managers... constantly reminding people to do things. Shouldn’t we just staff a project manager on each deal so associates can focus on actual legal work?

like

The question is, is graduation from law school, not minimum competency? With this line of reasoning we are saying that law schools do not produce competent future lawyers, so should we instead switch to a system of taking the bar without the three years of a measure that frankly bar associations have deemed not an adequate measure? Dash this comment aside if it is fallible, but there is something here that has been overlooked. Competence is not regurgitation and memorization.

like

anyone keep a car in midtown? How much is parking a month?

likefunny

Hi fishes — I got admitted in NY last November, and I had heard rumors that you can waive into the New Jersey Bar during that first year of admission — is that right?

likehelpful

I want to quit the law altogether (3rd year in biglaw) and write books. Tell me how crazy I am.

like

How many real hours does it take to reach 8-10 billable hours? First year associate here wondering what a 8-10 billable hour day would look like now that I’m seeing my workload ramp up slowly but surely.

like

Any tips on networking to develop client relationships and/or leads on lateral/in-house positions?

Trusts and Estates lawyers - have you found that people contemplating their mortality in a pandemic leads to more work where you are, or have your hours been about the same, or slower?

like

Anybody work with Wegman partners during their lateral process?

like

How crowded/reliably accessible are the lap pools at the Equinox Hudson Yards? Trying to find a place to swim laps.

like

Hey people! Curios, what was your first splurge purchase with your big law money. (Assuming you have student loans, mortgage/rent etc.)

like

Hey - might be a silly question but how do you chase for a mark up from OC (a second follow up) when you’re trying to use a light touch and not seem pushy?

like