May Monthly Spending in NYC 2014

May Monthly Spending in NYC 2014


May 2014 Spending in Brooklyn for a single income in a 1br apartment
May Monthly Spending in Brooklyn for a single income in a 1br apartment


Technically, I got my annual raise this month. But we weren’t notified until May 30th. So, the increase will be added retroactively into next month’s paychecks. This means next month will be a little bit more than usual because of the added increase. A little annoying for bookkeeping but good overall! However, income-wise, this month was actually the same as it has been. Stable, which I like.

I haven’t decided what I will do with the increase yet. Paycheck-wise it’s not huge. But every little bit helps. I will either increase my 401K by 1-2%. Or increase my student loan payment. For now, I’m just enjoying it.


Factoring in my FSA, I’ve estimated my rent to be 45% of my monthly income. This is totally acceptable for my budget. And pretty common in nyc.

It’s been suggested that I think about buying something permanent. Unfortunately, it doesn’t really work that way here. I’m not sure I want to live in nyc forever. But I am happy with things right now. With that said, I certainly don’t have enough for a solid down payment. And I’d want to get my student loans out of the way first.


Okay, so I didn’t do so well with groceries and eating out this month. I did bring my lunch to work most of the month. So, it was eating out that was a bit of the problem. At the end of the day, my combined food expenses are still under $400 so I can’t complain too much about that. I really would like to keep them under $300 though.

It’s easier for me to bring my lunch in the summer. I can bring salads and eat them outside. Or sandwiches. There are more options for me. And I actually enjoy taking my lunch breaks.

Groceries + Eating Out
Jan: $336
Feb: $339
Mar: $393
Apr: $298
May: $366

Debt Repayment & Savings

I have changed this, again, but for the last time. Really. No more changes for the rest of the summer. In September, I will assess if this is sustainable. Or if I should change the amounts one way or another.

I’ve decided to put a very small amount into my emergency fund; $50/month. This is an easy-to-access savings account and would be used for true emergencies. My other, high-interest, savings account, currently has enough to make me happy in it, so I’m freezing that.

Now, I will be focusing all my efforts on my student loan. I think I will be able to put $600/mo towards it.That’s 20% of my monthly income to debt repayment. The plus side is once that’s paid off, I should ideally be able to put 25% into savings. But I’ll get excited about that when it actually happens.


4 Replies to “May Monthly Spending in NYC 2014”

    1. Thank you! And I love making the hand-drawn charts! Analyzing my budget is such a grown-up thing to do, bringing out the kids markers helps lighten everything a bit.

    1. Thank you, it has taken a long time to get my finances in order. Doing this each month (whether just for myself or on the site) really helps to keep things from getting out of hand!

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