Working with a monthly take-home pay of $5,645, my budget would look something like this.
| Budgeted Item | Amount |
|---|---|
| 💵 Savings: | -- |
| - Emergency | $1,082.25 |
| - Retirement | $946.20 |
| - Investments | $310.17 |
| - Vacation | $50.00 |
| 🏠 Housing: | -- |
| - Rent | $1,198.00 |
| - Renter's Insurance | $10.00 |
| - Utilities (Electricity, Gas, Water) | $185.25 |
| 🍛 Food: | -- |
| - Groceries | $250.00 |
| - Restaurants | $200.00 |
| 🚗 Transportation: | -- |
| - Car Payment | Paid in Full |
| - Gas | $4.84 |
| - Car Repairs | $25.00 |
| 🏥 Insurance: | -- |
| - Car Insurance | $132.67 |
| - Dental Insurance | Covered by Epic |
| - Vision Insurance | Covered by Epic |
| - Long Term Disability Insurance | Covered by Epic |
| - Life Insurance | Covered by Epic |
| - Health Insurance | Covered by Epic |
| 🎁 Other: | -- |
| - Gifts | $250.00 |
| - Personal Projects | $500.00 |
| - Phone | $65.00 |
| - Entertainment | $100.00 |
| 🏦 Debt: | -- |
| - Student Loans | $335.62 |
| Total: | $5,645 |
Epic covering the premiums for many of the insurances is a huge benefit, even for the ones that I wouldn't typically purchase at this point such as life insurance or long term disability insurance. This allows me to pour a lot of money into my retirement account and into my emergency savings fund, each of which will be beneficial to my financial future in the long term.