A reader asked me if I would write about the financial life of an entry level job in New York City.
|It’s true what Mr. Sinatra said, “If you can make it here you can make it anywhere!”|
I’ve never been shy about admitting my salary, my expenses, or any other financial details of my life so here goes nothing.
I get $870/paycheck at my entry-level, full-time job. This is on the lower end for my industry but I also only have a 35-hour work week. I take out half of my monthly expenses from each paycheck so here’s how it breaks down per paycheck:
$40-credit card payment
$15-Express credit card payment
$150-spending money for food, fun, shopping, necessities, etc. (Almost always a challenge!)
I save the rest, typically $100.
I also babysit as much as possible, at least 3 times a week. I make a minimum of $400 which pays for my student loans. Any extra income from babysitting gets saved. This savings doesn’t always stay saved but it helps for bigger/unexpected purchases that arise…and they ALWAYS arise!
After 6 months of job hunting, I was so thrilled to have a job in my favorite city that the teeny tiny salary they told me sounded like angels singing. When I finally broke it down to cover my expenses, it was pretty sobering but trust me, if I can do it most people can.
It’s not always glamorous or exciting and I can be a big pile of struggle some days,
but even on a budget you can still do some pretty cool things and have a lot of fun!
I think New York is different for everyone, since obviously everyone’s salaries, expenses, and lifestyles are different. If you have any specific questions, feel free to e-mail me! (specialkap32 at gmail.com)