The Yagna

Where are you and where are you going?
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Agni
Posts: 19
Joined: Fri Mar 31, 2017 9:00 am

Re: The Yagna

Post by Agni » Thu Aug 16, 2018 1:49 am

FY 2018 Finances

Expected Expense Changes

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| Category                               | Amount |
|----------------------------------------+--------|
| Housing($1300/month housing = +400*12) |   4800 |
| FICA Taxes (Post H1B)                  |   7000 |
|----------------------------------------+--------|
| Total                                  |  11800 |
Expected Income Changes

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| Category                   | Amount |
|----------------------------+--------|
| Relocation                 |  -5000 |
| Signing Bonus              | -15000 |
| 401k mid-year join benefit |  -4500 |
| Annual Cash Bonus          |  14000 |
| Salary Hike                |   4200 |
| Stock Options              |   1100 |
|----------------------------+--------|
| Total                      |  -5200 |
Expected Net Savings Hit for FY 2019

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| Category            | Amount |
|---------------------+--------|
| Housing             |   4800 |
| FICA Tax            |   8000 |
| Net Income Decrease |   5200 |
|---------------------+--------|
| Total               |  18000 |
Financial Projection Summary: FY 2019
- Expected Expenses: 30,000 - 36,000
- Should hit 100K target, if other expenses stay similar to FY2018
For that to happen need to control lifestyle inflation, save on food, transport pre-emptively.
- Aim for <30,000 => <$2500 per month

Housing costs have increased due to moving to the city and planning to try living by myself. All the rest of the changes are due to external factors. I'll try and use more public transport now that I'm living in the city and try wean myself from my car dependence. A lot has been going on over the last few months and I haven't been able to post regularly. I'll try harder to improve my posting schedule. More about July, August 2018 finances later.

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