sample budget for 60k salary single person

#SAMPLE BUDGET FOR 60K SALARY SINGLE PERSON MOVIE#

$11 for Spotify, which is one that I could get rid of since I also pay for you tube premium ($13), and that includes a streaming platform.

#SAMPLE BUDGET FOR 60K SALARY SINGLE PERSON MOVIE#

$80 for gifts and fun activities such as date nights, movie nights etc. This is how I spend the remaining $431 dollars. Total, I’m saving/investing around $1000 dollars a month. And finally, I save $800 dollars a month in a regular savings account.

Mostly buying ETFs but also high dividend stocks as well. In my retirement account, I invest $200 a month. Other than housing, this is my largest “expense.”. I currently have $50 per month budgeted for my doggies food. I only have pet food budgeted for this section. Total, per month, I’m spending about $260 on transportation. Since moving, I’ve spent about half the amount I usually do on gas but I keep the budget almost doubled since gas prices fluctuate constantly. Insurance through my parents is about $100 a month, and gas is about $160 a month. I bought my car outright from my dad about 2 years ago, so I currently do not have a car payment. Currently my budget is about $550 per month, and my boyfriend puts in the same amount. Groceries are also split 50/50 between my boyfriend and I. Total, I’m spending about $200 dollars in utilities, per month. Our internet bill is about $60 dollars a month or $30 for my portion. Gas is estimated to around $140 a month or $70 for my portion. This is definitely on the higher end, but its always better to estimate high and budget accordingly. I’ve estimated our electric bill to be around $200 dollars a month or $100 for my portion. Again, these are split in half between my partner and I. My housing total ends up being around $1,240 a month. This fee covers water and sewer and trash. This fee is also split evenly between us. On top of that, our home has an HOA fee of $225. We split this evenly which is about $1,015 each, per month. I do not rent, I share a home with my boyfriend and our mortgage is $2,029 a month. Here is the break down of all of my expenses.

I simply want to break down my budget so that others who are interested can see an example of how money is budgeted.Īfter taxes, my take home bi-weekly pay is about $1,809. In this post I’m not going to be talking about how I created the budget, or how I decided what amounts to delegate into each bucket. I knew as soon as the position was offered to me that I would have to be even more responsible than ever with my money. Its been close to a year since I started making 60k a year, the most I’ve ever made in my life. At 23, there’s so much that I’ve accomplished, and one of those accomplishments I’m extremely proud of is the budget I’ve created for myself. I feel like I can’t write what I truly need to if I can’t be completely open. At least on the financial side, I’ve decided to be a little more transparent. I’ve been debating how open I want to be on this blog, in terms of my personal life, financial life and just in general.

Sample budget for 60k salary single person