A single person earning $70,000 a year takes home about $4,500 a month after taxes. A realistic budget: -$1,200/month: Rent -$400/month: Food -$330/month: Transportation -$280/month: Utilities/Phone -$500/month: Entertainment ...Living within their means allows them to invest about $1,600 a month.
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Here are the numbers:
A single person earning $70,000 a year takes home about $4,500 a month after taxes.
A realistic budget:
-$1,200/month: Rent
-$400/month: Food
-$330/month: Transportation
-$280/month: Utilities/Phone
-$500/month: Entertainment
...Living within their means allows them to invest about $1,600 a month.