The Working Budget

last revision date: Dec 24, 2019

GROSS SALARY:
$100,000
($48/HR)
NET SALARY:
$54,000
(GROSS- 401K – PAYROLL DEDUCTIONS)
     
SPENDING TARGET:
$26,000/ yr
($2,167/MON)
     
TOTAL SAVINGS
GOAL:
$45.5K/YR
TOTAL = POST-TAX
SAVINGS + 401K
 (45.5K = 26K + 19.5K)
 
2020 PROJECTIONS
 
MONTHLY SPENDING
$2167/MON
26K/YR
 
 
SAVINGS
 $45.5K/YR
 
 
Student Loans
$530
 
 
 
 
Per Pay Period
Notes
Annually
Housing/
Utilities
$1,100
(50%)
 
 
 
 
401K
 
 
$833/pp
Payroll deduction
$19,500
[REMAINDER  $537]
 
 
 
 
[REMAINDER = 26K]
 
 
 
Tithe
$137
 
 
 
 
 
 
 
Everyday Expenses

-Groceries (~$200/mon)
-Dining Out
-Gas
Other (cable, personal
supplies, wellness visit, family, other)

$400
 
 
 
Roth IRA
$250/pp
 
$6,000
Wiggle Room 2k, for savings or spending
 
 
 
 
Taxable account
 
 
 
 
$20,000
 
                 

For previous versions, see Budget Struggles.

For updates on my investment journey, see My Investment Journey Tracker.