My salary is $78,292. Which is a salary I convinced myself back in college that I could have my own apartment, travel, car payment, etcetera with. And unfortunately, I don't think that's the case anymore. So I'm gonna break down what actually hits my bank account. It is a livable wage to be clear. But this is definitely not the ball where money I thought I was gonna have. So my gross pay is $3,262. I get paid twice a month, not bi-weekly, which is a very important distinction. So twice a month is only 24 times a year, versus bi-weekly pay is 26 times a year. So my checks technically have a little bit more extra on them, I guess. $349 automatically goes to federal taxes. $202 go to social security. $158 goes to state taxes. I live in Connecticut. $47 goes to Medicare. $16 goes to Connecticut Family Leave. $9 goes to my insurance and also spousal life insurance. I can contribute $305 to my 401k, which I actually just decreased that will implement after this check. That's a whole separate video. But basically we're trying to retire early. So not only going to do up into my 403b match, which is 6%, I was formerly doing 9%. So that money will still be going towards retirement, but just in a different avenue. That's $1,088 of deductions. Making my take-home pay $2,173. Luckily, I'm on a dual income household, he makes a lot more than me, so I'm fine. But like in Connecticut, rent is like $2,000. That's a whole paycheck for me. So I don't think I would be living very well. And I know people are making a lot more than this and they're doing fine. So I'm not trying to like sound elitist. But I did think with my bachelor's degree and my master's degree, making this salary, I would be good. And I am good, but I'm not great. But my salary is $78,292. Which is a salary I convinced myself back in college that I could have my own apartment, travel, car payment, etcetera with. And unfortunately, I don't think that's the case anymore. So I'm gonna break down what actually hits my bank account. It is a livable wage to be clear. But this is definitely not the ball where money I thought I was gonna have. So my gross pay is $3,262. I get paid twice a month, not bi-weekly, which is a very important distinction. So twice a month is only 24 times a year, versus bi-weekly pay is 26 times a year. So my checks technically have a little bit more extra on them, I guess. $349 automatically goes to federal taxes. $202 go to social security. $158 goes to state taxes. I live in Connecticut. $47 goes to Medicare. $16 goes to Connecticut Family Leave. $9 goes to my insurance and also spousal life insurance. I can contribute $305 to my 401k, which I actually just decreased that will implement after this check. That's a whole separate video. But basically we're trying to retire early. So not only going to do up into my 403b match, which is 6%, I was formerly doing 9%. So that money will still be going towards retirement, but just in a different avenue. That's $1,088 of deductions. Making my take-home pay $2,173. Luckily, I'm on a dual income household, he makes a lot more than me, so I'm fine. But like in Connecticut, rent is like $2,000. That's a whole paycheck for me. So I don't think I would be living very well. And I know people are making a lot more than this and they're doing fine. So I'm not trying to like sound elitist. But I did think with my bachelor's degree and my master's degree, making this salary, I would be good. And I am good, but I'm not great. But my salary is $78,292. Which is a salary I convinced myself back in college that I could have my own apartment, travel, car payment, etcetera with. And unfortunately, I don't think that's the case anymore. So I'm gonna break down what actually hits my bank account. It is a livable wage to be clear. But this is definitely not the ball where money I thought I was gonna have. So my gross pay is $3,262. I get paid twice a month, not bi-weekly, which is a very important distinction. So twice a month is only 24 times a year, versus bi-weekly pay is 26 times a year. So my checks technically have a little bit more extra on them, I guess. $349 automatically goes to federal taxes. $202 go to social security. $158 goes to state taxes. I live in Connecticut. $47 goes to Medicare. $16 goes to Connecticut Family Leave. $9 goes to my insurance and also spousal life insurance. I can contribute $305 to my 401k, which I actually just decreased that will implement after this check. That's a whole separate video. But basically we're trying to retire early. So not only going to do up into my 403b match, which is 6%, I was formerly doing 9%. So that money will still be going towards retirement, but just in a different avenue. That's $1,088 of deductions. Making my take-home pay $2,173. Luckily, I'm on a dual income household, he makes a lot more than me, so I'm fine. But like in Connecticut, rent is like $2,000. That's a whole paycheck for me. So I don't think I would be living very well. And I know people are making a lot more than this and they're doing fine. So I'm not trying to like sound elitist. But I did think with my bachelor's degree and my master's degree, making this salary, I would be good. And I am good, but I'm not great.
