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A Week In Brooklyn On A $50,000 Salary

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    Welcome to Money Diaries, where we're tackling what might be the last taboo facing modern working women: money. We're asking millennials how they spend their hard-earned money during a seven-day period — and we're tracking every last dollar. (Thanks, New York mag, for the inspiration.)

    Today, a woman in non-profit doing research ponders how to contribute to her mutual fund.

    Industry:
    Non-profit
    Age: 25
    Location: Brooklyn, NY
    Salary: $50,000
    Paycheck amount (2x a month): $1484 (after taxes)
    # of roommates: 1, my girlfriend

    Monthly Expenses
    Housing costs: My GF and I split our rent of $2,100. My portion of the rent is $1,050.
    Loan payments: None
    Utilities: I pay for gas (roughly $45) and internet ($54.99). GF pays electricity which is high right now since we have two AC units.
    Transportation: Work pays for my monthly MetroCard.
    Health Insurance: Work pays 100% for my health insurance.
    Phone Bill: My parents pay.
    Savings: I have a mutual fund that I set up a few years ago when my grandparents died and gave each of their grandchildren a chunk of money. There’s about $21,000 in it now.
    Amazon Prime: $80 per year.


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