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?
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!!!
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...?????????????????????????????
Paycheckcity was very helpful for me. I'm in the state of GA and we make way less than NYC but the cost of living is a lot less. I don't have any kids and I'm unmarried so I knew that a lot would be taken out of my check but didn't know how much. I have been losing sleep trying to figure out if I would be able to pay my bill and pay back student loans. Thanks
The economy is worse now than when the OP started her thread. I hope she's still doing alright and did not get over her head. If she didn't, it will be a good lesson to always be prepared for the future.
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.
LOL! Sugar daddies are great- but even they may go broke one day!
On a salary of 73k per year, federal taxes (according to the 2007 numbers) as head of household is $13,431. Add to that social security and medicare of 7.35%=$5365. Added to that is state income tax of: $4430. Add to that a city income tax of: $2520. Total taxes on 73k would be: $25745 which is roughly 35%. This assumes filing as head of household. Got to love taxes.
Also, want and need are very different thing. The original poster mentioned something about a mini-office, and wanting a car. Are these actual needs or wants. Making this difference is essential when living on a budget. Also, try different neighborhoods, rents in Brooklyn vary is huge amounts, even in nice neighborhoods.
Good reminder - if you want to live in NYC you have to pay city taxes in addition to regular state and federal. Well to New York!
I also live in Brooklyn and just landed my first nursing job this week making 75k. I'm very excited about making this much money, city hospital pay about $10k less. I am a single mother of 3 and we live in Dyker Heights (Bath Beach)and pay $1600 for a 3 bedroom. I love my apartment and the area where I live and I believe I will be able to live fairly comfortably after taxes. I used to do it when I was making 40k annually and the past year I've been living off unemployment and my savings! I also think I will be able to buy a car in a few months and actually go on vacation with my kids next summer (our first!). It's totally do-able and I dont feel like I will be sacrificing anything at all, I feel blessed!! I guess it depends on your point of view and doing a thorough analysis of your needs and wants. My life is pretty simple though (one computer/tv in the house, no fancy latest gadgets or clothes). I definitely believe in living life to the fullest, more power to you for that, but I don't believe it's found in material things. That being said, I won't hesitate to upgrade my wardrobe and shoe collection (slowly, but surely!)...a hard working nurse needs a little fun, after all!!
Good for you PE26! I love to read positive stories, especially in a climate like this. Dyker Heights is a great neighborhood. You won't even have to send your kids to private school. Congrats!
Thanks, Dreamon. I am excited and feel totally blessed. I do feel for all the unemployed nurses out there. I know its hard and my prayers are with you all. Good luck everyone!
To the OP - you need a reality check, big time. Sacrifice now or sacrifice later, BUT YOU WILL SACRIFICE. I hope you get some financial education/restraint/sense. Your 6 month old son does not love where he lives...I'm assuming you haven't taken developmental psych yet....
BSNRN2010, BSN, RN
35 Posts
Paycheckcity was very helpful for me. I'm in the state of GA and we make way less than NYC but the cost of living is a lot less. I don't have any kids and I'm unmarried so I knew that a lot would be taken out of my check but didn't know how much. I have been losing sleep trying to figure out if I would be able to pay my bill and pay back student loans. Thanks