How much money to make a year to live comfortably?
If you wanted to own a home (or at least a nice apartment for $1000 a month), a decent car, cable tv, internet, iphone bills, 2 kids, a pet or 2. Have a full kitchen all the time, and be able to go out to eat at least once a week and still have some spending money how much should a person make a year. I know there's a lot of variables but just by what I said how much should you make? And if it helps in the region of New England USA. I'm 17 and really curious!
New England, bank on around $4-5000.00 a month after taxes to afford that kind of lifestyle. Maybe a little more if you want more than a couple hundred a month to burn at a bar for "some spending money".
And I think you're being a bit modest on the amount you need for the apartment, but hey, I've lived in NY/NJ all my life and they're higher than the rest.
36,000
Do your parents own a home, a car, cable, utility bills, keep a full refrigerator and all the rest?
Maybe ask them how much it all costs.
Let's say that $1000 a month for the place is more like $1400 all-inclusive housing costs, which should be 35% of your income, which means you'd need to make at least $4000 a month.
10% of your monthly income should be going to long-term (retirement) savings: $500 a month.
15% goes to debt repayment/emergency fund: $600 a month goes into a regular savings account until you have at least 6 times your monthly income saved up ($24 000).
35% goes to housing (rent, mortgage, bills, utilities, insurances, etc.): All-inclusive, you could afford UNDER $1400 a month.
15% goes to transportation (gas, insurance, repairs, bus): $600 a month. Minus $150 for gas, Minus $200 for insurance, you could afford a car payment of $250 a month, or better yet, save up as much as possible for the car.
25% goes to life (food, entertainment, clothing, gifts, travel, medical, wants, phone, internet, cable, other): $1000 a month, or $250 a week. For moving out purposes, I always recommend at least $100 a week, which means you would be more than set.
- What would happen if someone from the year 2015 shows up in the streets in the year 1940? Talking on their iPhone and getting out of their 2016 brand new car and wearing clothes from this era. You think he/she would get stopped / detained and possibly killed.
- What are some ways for a twelve year old to make money? I recently left my IPhone out in the rain and am unable to get it fixed. I need to buy a new one soon, I just need more money… Tips please!
- Ways for a 14 year ol to make money? Ok, so my IPhone was stolen and I need money to buy a new one, but I'm only fourteen and there aren't many jobs for a fourteen year old. I really want an IPhone 5, I also have some birthday money left from my birthday to add to my profit, but it isn't enough. Can someone please help me?
- I want to buy an iphone 5 but live in mexico half the year? So If I buy a plan to go with the phone in Canada am I able to unlock the phone and use my Mexican chip in Mexico and the Canadian chip in Canada? Please give me all the advise you have on this I really want to know everything and make sure it is COMPLETELY legal.