How much $$$ do you get after taxes?

U.S.A. New York

Published

hello.:bow:

i was checking out salary.com and i saw that Register nurses make about 73k a year... :nurse:but only take home about 4k each month stating you have 2 dependents... thats only 48k cash... WOW what happens to the other 25k... this is sooooooooo unfair.. is this true?:uhoh3:

if so how am i surposed to live in new york city with only 4k a month... around where i live in brooklyn a 1bedroom is already 1500 a month without utilities!!!:nono:

I have a child so i need a 2-3 bedroom which in my prospect heights area is about 1900 a month without utilities... so 2300 with utilities then i want to buy a car it doesnt add up.. then childcare 400 weekly....

WILL I BE LIVING PAY CHECK TO PAY CHECK...?????????????????????????????:crying2:

To Op

If you put your wants over your needs, you'll never get ahead in this city. You will have an enormous amount of debt which includes student loans,car loans, credit cards etc...

NYC is the city of opportunities. It's like Sinatra's song " if you can make it in NY, you can make it anywhere"

A lot of people I know, including my fellow nurses never make it despite earning near six figure income in NYC. They live pay-check to pay check bec. they have put their wants over their needs. They brought depreciating assets like expansive cars, HD plasma TVs, handbags, jewellry,etc. They all want to live in Manhattan or other expansive parts of the city. They hit starbucks everyday for a latte or dine out often. But they complain that why they still have enormous SL debt or CC debt and never have enough money despite doing tons of OTs. They are living their lives to the MAX. It's all fun and exciting when you are living high in 20s and 30s but those experiences will put you in debt until you're in 90s.

you have got to live below your means if you want to get ahead.

good luck

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Specializes in Aspiring BSN/MSN/MBA Candidate.

I concur and sincerely suggest you give consideration to your long term goals. I recommend reading The Millionaire Next Door and the other books in the series by Thomas Stanley for a realistic snapshot of how the wealthy really live. Suze Orman's latest book on Women & Money is pretty good as well. Good luck.

Novi

:nurse:

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Well Apartments in brooklyn are getting very expensive. RIGHT NOW I PAY 1 bedroom 1200 this is without utilities..:bluecry1:. and childcare for a 6mth old baby 225 a week in my area which totally sucks but hey ... MY SON loves NYC AND I DONT PLAN ON MOVING

BUT CAN SOMEONE REALLY LIVE ON 4K A MONTH ... AND YES i need a 3bedroom...in my prospect heights area a 3 bedroom is about 1900 a month.. my son is going to need his own bedroom e marey mini office

yikesssssss many people say upstate NY is ina down trend but for 1900 a month in buffalo or Rochester you could live in a huge home in the suburbs witha pool maybe even your own maid/butler.

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Also don't forget your retirement. Start up a Roth IRA and hopefully your employer can match your contributions.

Don't forget to take that into account when you calculate final take home. As a nurse part time gigs are available left and right, so take advantage.

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Specializes in "Im going to be a RN,Im goin to be a RN".
yikesssssss many people say upstate NY is ina down trend but for 1900 a month in buffalo or Rochester you could live in a huge home in the suburbs witha pool maybe even your own maid/butler.

Hey im the original poster.. Yes i was looking into upstate NY. its so wonderful and also tiny houses in my area are about $700k.. Upstate you can get a mansion for about 1 millon which is totally awesome.

New york city sucks i was looking around my area for a 3bedroom and its 1900 bucks just like i said ..... thats so much money omg...........:uhoh3::uhoh3::uhoh3::uhoh3::uhoh3::uhoh3::uhoh3::uhoh3::uhoh3::uhoh3:

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Specializes in Day program consultant DD/MR.

One quesstion how do you know your 6mo old loves the city he lives in???? I agree with other posters needs and wants are 2 totally different things.

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You could buy a house/condo and keep more of your wages because of mortgage interest deduction. Your mortgage will probably be more than rent-- but, you might save more. It's worth investigating. Plus you will be building equity. Just don't get an adjustable rate mortage--- we've all seen that it a bad idea.

Also if you can invest in a 403 or 401 retirement account, tax is not taken out of these wages.

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I know the area you live in. People may want to call it the 'hood' but it is not, even if you live to the east of Prospect Park. You are paying extra for having a gorgeous park nearby, GAP, and your proximity to downtown and Manhattan.

I doubt you will enjoy doing much overtime. When will you get a chance to spend time with your son and enjoy your office/den etc??

Please consider expanding your neighborhood list. You don't have to live in Brownsville, but you may have to give up living so close to the park unless you want to see it only driving to and from work.

I'm a Brooklynite and I love it. But I would consider moving to Queens if I had to find somewhere affordable. All those sites/landmarks will be around and they are all a car ride away.

I know how you feel, I would love a 3 bedroom and a BMW. (I don't need a brand name neighborhood because I prefer to 'donate' $$ to Bloomingdales over a landlord haha) But having all these things cost money. I don't want to be the nurse living paycheck to paycheck. I'm doing that now in my 20s and I do NOT want to do it after I graduate school, that stress is for the birds!

Anyway, Good Luck whatever you decide.

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Specializes in Family Practice, Primary Care.

I'm with everyone else. You're being unrealistic. You have a son to take care of; a den and BMW are creature comforts and your son should come first. If that means a 2BR in an affordable neighborhood, so be it. You can have your BMW when you're financially stable as well as your den. Delay of gratification.

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Specializes in Aspiring BSN/MSN/MBA Candidate.

What about educational expenses? Are you planning on public or private school? What happens if your child wants to pursue a sport or other activity? Unless you have unlimited disposable income trade-offs will be necessary. Whatever you decide I wish you luck.

Novi

:nurse:

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Specializes in "Im going to be a RN,Im goin to be a RN".
One quesstion how do you know your 6mo old loves the city he lives in???? I agree with other posters needs and wants are 2 totally different things.

You may think im crazy but im not:nono:. I see it in his eyes:rolleyes:. he loves brooklyn and he loves the area we live in. I Know if i move upstate or the country some where he will hate it:bluecry1:, no more scrolls with his bugaboo. Like i said before i live life to the fullest:lol2:, those are my goals to have a 3bedroom apartment and a bmw. My husband and i plan to move soon from this 1bedroom apartment into a 3 bedroom apartment in my area:yeah:. if we do wait 3 years a 3bedroom will be around $2700 a month.. we can get one now for $1900-$2000. My son loves this area:redbeathe, he loves going to the grand army plaza library:redbeathe,walking to prospect park:redbeathe, walking with me to downtown brooklyn so we can shop:redbeathe and last but not least walking the beautiful brooklyn bridge:redbeathe:redbeathe:redbeathe ...YES I LIKE TO WALK. :D

I will look into buying a condo later on:rolleyes:.. they seem so expensive now, my aunt bought her condo in long island city.. hes beautiful but way too expensive :uhoh3:

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But also another thing is, I think the salaries in the suburbs aren't competitive w/ those of NYC. So it might end up being the same situation.

If I were you I'd tough it out in the 1BR and save up for down payment on a house. Or I would take the 3BR and rent out one of the rooms.

Housing prices have yet to find a bottom, so you might find some nice bargains in a few years time.

And if you ask me condos/development communities are usually overpriced heavily.

Anyways its your life, live it, but honestly your plan seems like a path to financial problems down the road, not unless you have a sugar-daddy of course.

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