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Archive for August, 2018

New Job, New Budget

August 5th, 2018 at 08:07 am

There has been a lot of uncertainty surrounding my budget with my job ending, so I haven’t been posting much. I’ve just started a new job and should be able to start working on my financial goals again soon. Moving to a new state and renting a new apartment definitely requires cash up front, so I’m glad I had a large savings cushion for this kind of thing!

The new budget is starting to come together. My old rent had gone up to $1195, and the new place is $1225/month for two bedrooms instead of one. The one-bedroom apartments in the area I found that were nice without major problems were around the same price, and it would be nice to have a guest room for friends. My internet bill went from $75 (Comcast monopoly) to $40/month for Verizon, although I did have to buy a special router. Honestly, I would have paid slightly more just to dump Comcast- the way they treat customers in areas where they have a monopoly is infuriating. Waiting to see the actual cost of utilities at the end of this month, but I’m going to budget $150 to start.


It looks like my car insurance should drop substantially now that I have dedicated parking in the suburbs instead of street parking in a major city. It’s already pretty low compared to my friends – I was shocked by what some of them pay without a major accident on their record. Based on the initial online quote, I’m looking at saving $290/year.

My new job comes with a significant raise, but I won’t see the exact take-home number for a while because they pay once a month. It also comes with a retirement match of 5%, which I’ve never had before and definitely plan to take advantage of.

I have some unusual spending planned in the next few months- a few pieces of furniture for the new place and some wardrobe updates, since I need to dress very professionally at my new workplace. Otherwise I am looking to keep spending low and start working on my next student loan target: my only private loan. It had negligible interest for 5 years, but it went up to 6.4% recently, making it similar to the federal loans. It is also by far the most annoying to deal with, as you have to mail in payments by check and address updates, etc by mail. The starting balance is $26,589.54. The monthly payment plan is $222/month for 10 years, but I obviously don’t want to be paying for that long!