8 ms·
Just wanted to add another data point for comparison. South East USA. All numbers in USD. Gross earnings = 104000 / year Bonus + Stocks = ~12000 / year Incom
by reacharavindh 10y ago
Just wanted to add another data point for comparison.
South East USA. All numbers in USD.
Gross earnings = 104000 / year
Bonus + Stocks = ~12000 / year
Income tax = 31986 (27.5%)
(Fed + State + Social security + Medicare)
Earnings after taxes = 84014
Expenses :
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Rent : 1 BR in the city = 800/month or 9600/year
(Living by myself)
Utilities = 150 / mont or 1800 / year
(Phone + Internet + Electricity)
401K contributions = 628/month or 7545 /year
(My only retirement savings. I don't think there'd be anything in Social security in my time of need)
Car payments - 500/ month or 6000/year
Gas/fuel = 110 / month or 1320/year
Car Insurance = 150 / month or 1800 /year
Restaurants/bars = 600 / month or 7200 / year
Misc expenses = 3600 / year
Balance = 45149
I have a personal family commitment expense of 7200/year.
Employer provides health insurance and also 800 per year as seed money into my HSA(which I can use to meet deductible for the insurance).
Even after all this, I'm a dumbass who didn't save that much.
I think I'm at the best situation in terms of making money.
Plot twist : I'd most likely move to Denmark or Netherlands later this year because my GF is needing to be there. I'm taking the leap saying, new experiences and crafting a family life is better than saving money.
- hluska 10y agoThanks for the information and good luck with your move. New experiences and family are worth significantly more than money - best of luck and have fun!
- reacharavindh 10y agoThanks! Needed to hear that from someone else.
- hluska 10y agoIf you ever need more encouragement, my email is in my profile. I am nearly 40 and looking back, I see many opportunities where I should have done exactly what you are doing. A part of me is very envious but another part of me is going to cheer you on as you embark upon this amazing adventure.
- rbobby 10y ago> I'd most likely move to Denmark or Netherlands later this year Just a tip... check out the application process for a work visa now. Work visas anywhere always take way longer than the applicant wants. Getting married before you leave will change the type of visa you need... and might shorten the time required (but probably by not as much as you'd hope). Good luck.
- reacharavindh 10y agoThanks! Yes, I do plan to get married before I make the move. I saved up some money to spend two months traveling cheap with my GF before we make the full move and get into jobs. Denmark is amazing in the sense that my GF's future employer(an University) says they will employ her partner(me) for an year according to my skills at market rate and also help us settle in with local culture and even help find jobs after the one year ends...