Doing my spring cleaning (finances). Live solo in NYC and spend bout 1.4k monthly for non-rent stuff (food, resto, groceries, misc). too much, or just average?

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

It’s probably fine, but without knowing your income and savings rates, it’s hard to provide a useful answer. Are you making $65k and spending every nickel you have after taxes and rent? Then that’s bad. If you make $200k and are saving $5000/mo on top of 401k, then you’re doing great.

helpful

Living in the NYC area as well. 1.4k sounds about right.

Groceries: 300
Eating out: 300
Bills (internet, phone, utilities, etc.): 200
Drinks: 150
Travel/Uber: 100
Everyday stuff (shampoo, lotion, etc): 100
The rest sometimes go to travel, clothes, amazon. 1.4k really doesn't go that far

helpful

Related Posts

Best way to redeem UR points? If answer is travel, how do you know you're getting a good deal?

like

Considering getting a non Apple Watch smartwatch. Have a Samsung phone. Any recommendations?

Hi,

Please help me to choose from below two.
1.
Valuelabs
2. R Systems
Yoe and tech :- Java Springboot, 3.5 years
Both are providing wfh and same package
Need to join tomorrow.
TIA

like
like

I’m applying for PMM jobs at a few types of tech and healthcare/health tech companies in the Boston area. Got 2 years consulting/market research experience + 4.5 years at a PR and marketing agency. What salary range should I aim for if I get an offer?

like

Currently a senior in financial services audit for wealth and asset management. All I hear from higher ups is to not leave before manager because I’ll end up making less or I’ll be behind in my career, etc. Am I being served some strong kool aid? Hoping someone has been in a similar situation and successfully left.

like

Questions my friend asked when I got selected for TA..Bhai teri company ka CEO shroff hai? bhai tumhari company balm bechti hai? Bhai tumhari company me 1411 employees hain? and so on...

funny

More than the usual number of my middle school math kids claim art as their favorite subject. Any suggestions or activities for me to incorporate?

I think I have ED. Not sure how to go about it.

What is the typical pay scale for a personal injury associate in NJ?

like

I'm set to start January 31st. Do my medical benefits start on that day? I have to get some medications filled at the pharmacy and am wondering how quickly am I able to get my medical account set up.

like

Hello Desi 🐟, what are your Sunday night dinner plans?

like

In what types of instances will an offer be rescinded due to conflicts?

like

Anyone who received scholarships?

Hello, I’m current a Cyber Security Incident Responder but I’m a little unclear on what path to take in terms of certs/career path. What should I aim for? I current have a CompTia Security + cert and Splunk Enterprise Certified Admin. I’d also prefer the blue team or purple team.

like

the one who got off cycle hike on December,will be consider for march hike cycle?

like

Hiring for a Senior Analyst position, and looking for someone who likes to use data to inform UX. We have someone to pull and organize data, need someone who can put that data into actionable website optimization recommendations. You will see your work in action for a large, global brand. DM me with any interest.

like

What’s the common etiquette for waiting for a recruiter to call you back? Recruiter called me yesterday & left voicemail to call her back. I called back less than 5 mins later and left a voicemail, but didn’t get a call back. Tried calling one more time at the end of the day but no answer. Still haven’t heard anything today. Should I keep waiting or try calling again or send an email? Don’t want to be too aggressive but also want to hear their update & hopefully schedule next round interview

like

How did you get your start in advertising?

I’ll go first - I was originally going into film.. started shooting tv spots for regional high-end car dealers.. realized I didn’t love production I loved pitching.. been closing deals in the ad game ever since..

like

Additional Posts in FIRE Financial Independence Retire Early

Anyone regret not doing banking to do FIRE faster?

like

So... Trying to decide between buying a family car (7-8 seater) now vs later this year / early next year. Any suggestions on whether it makes sense to go for a new or old car and whether it makes sense to wait and buy now?

like

Started/maxed out my 2020 IRA on Friday at the market high without knowing and now my whole portfolio is down 2-5% already 😔

likefunny

How much should I have saved solely for real estate investments?

I think I want to step my toes in the water by renting an apartment complex and renting it out on AIR BNB.

Has anyone here done this? How much would you advice I have saved before I do this? I know there are fees as well as costs of furnishing, etc. but looking for further advice :)

I hit my FIRE number today at 50yo!!!! Had to tell somebody.

likeuplifting

Last year I started funding my Roth IRA through Vanguard in a Target Retirement Funds. After reading a few post about the tax disadvantage of using a Target Retirement Funds, I am thinking I need to shake things up. Would you suggest moving the funds in Mutual Funds, such as VTSAX? Let me know your thoughts and best strategy to make the switch with minimal tax effect.

like

I am convinced buying a house is a poor use of money when living near any mid-sized to large city when looking at investing that money over a 15-30 year time frame. What do I need to be considering?

like

If you had an extra 50K laying around and wanted to take advantage of the recent correction in growth stocks, what you invest in? ETFs or individual stocks welcome. Won’t need the funds for at least 6-12 months

like

Got married, bought a house, doing a major remodeling, planning to have a kid… safe to say that I am no longer on track with my FIRE journey 🥲

likefunny

Friendly reminder: IRA contribution limit increased from $5500 to $6000 in 2019. Make sure to update those automatic contribution amounts!

likesmart

Mother has a decent nest egg ($3M) and lives in an extremely LCOL area. Currently manages money through RBC, however the fees are a gross operating expense of 0.36%. What do you all recommend? I’m not savvy enough to manage it myself however I know that fees can stack up and kill returns. Would appreciate any insight/advice/snark.

like

New to investing. I want to open a Roth IRA and put 3000$ in to buy VTSAX. My plan after that is to contribute 200- 300$ at the end of each month. Is that how you guys do it? Do you watch the market and buy on a specific day when the market is low or do you just pick a day of the month- lets say every 30th day of the month to add to your acct? Thanks

like

Do you feel like your “wants” drive you to earn more or do you start to enjoy more expensive things because youI have the money now?

like

Thoughts on robo-advisor accounts? The ones that take your spare change of every purchase and round it up? Betterment, Acorn. I have to imagine it’ll take quite some time for $$ to accumulate that way?

like

Sup guys! Asked before, but curious to hear anything new: What are some side hustles you’ve been doing to get some extra income? Curious to hear some ideas for my own brainstorming. I used to flip couches off FB marketplace as a side hustle

like

At what number do you feel like you’re making enough whether to satisfy your desires or just not feel guilty about spending money.I’ve been blessed to have my income raised a total of 85% throughout 9 years but shortly after each raise I still feel like it’s not enough to live by and that I’m always behind. I live in a high cost area and make triple of what my friends make yet it still doesn’t feel enough. Cont’d

like

Anyone have suggestions on how to protect minors assets? They have a couple of years left before they turn 18 and would like to help them put their inherited money to good use example: low risk investments, steady cash flow investment/rental property, etc. Anything that may also be used for their education in the future. And possibly tax strategies to decrease tax liability from when they start getting income?

like

I’m contributing post-tax 401k offered by my employer to take advantage of the mega backdoor Roth. How often do people roll it over to their Roth IRA account? Like every month? I understand that any gains rolled over would be subject to tax but don’t expect it much given the market is down currently.

like

Im 35. Considering to start investing in Real Estate this year. Looking to buy 1 property to start generating cash flow, but most importantly, long term equity. No plans to sell. Condo or Single family residence. Considering booming areas like Austin, Vegas or somewhere with potential to grow. Will need local help, since I don’t live there (realtor + property manager). Already have 20% down, but considering putting less. All closing fees are also covered. Is this a good idea or should just wait?

like

Any software like Mint that can show daily stacked bar chart of all expenses and deposits over time? Rather than creating it manually from bank statements

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal