Mike (23) is excellent with money! Here’s a breakdown on how Mike spends his $40,000/ year (3,333 month) salary.
Taxes: none! Crazy right
Health insurance: $100 a month for his premium. Mike never goes to the doctors so he never has any copays.
Car payment: $300 Mike bought a used Honda
Gas: $40 – Mike uses less than one tank of gas per month
Insurance: $80
Car maintenance: $0. Mike never has to get oil changes or replace car tires.
Food and groceries : $160 – Mike survives off ramen and mooches off his roommates for TP, dishwashing soap , shampoo, and good food
$500 – rent. Mike has 3 roommates
$20 – pet. Mike has a dog but it never goes to the vet
$20 – phone – Mike is on his parents phone plan
$30 – utilities – mike’s share when he remembers to pay
$300 – weed
Incidentals – $0 – Mike never needs to buy a new phone charger or pay a parking ticket
Savings -$2000