Living on a Budget in New York
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- Опубліковано 1 жов 2024
- READ BEFORE WATCHING/COMMENTING:
Yes, I realized that I miscalculated when I said $4,000/month is around $50K a year in salary (this is what happens when lawyers do math). I forgot to mention taxes, so really, if you spend $4,000/month you are probably making $70K a year in salary.
Also, a lot of people have commented that $4,000/month seems like a lot. If you don't have student loans (or don't pay as much as I do per month) or you don't tithe then you can probably cut down the costs to about $2,400/month or less.
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It's possible to live in New York City on a budget! This shows you how I spend around $4,000 a month in New York, living in Manhattan and still being able to enjoy living here. If you budget well, then it's doable.
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+ My name is Brittany and I’m living life in New York. I love showing you guys what my life is like here in New York and what delicious places there are to eat and what fun things there are to do. Sprinkled in are some travel guides and make up tutorials. Your support means the world to me :)
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READ BEFORE COMMENTING: Yes, I realized I miscalculated when I said $4,000/month is a $50k/year salary. I forgot about taxes (this is what happens when lawyers do math). A $4,000/month budget would equal more of a $70k/year salary. However! If you don't have as big of a student loan payment as I do or you don't tithe and if you don't take into consideration the buffer, your monthly budget could be much closer to $2,400 or $2,100 if you have no student loan.
I'm very impressed that you are a faithful Christian and you tithe 10% of your income.
LOVE TO HEAR YOU ARE TITHING SORRY ABOUT THE EXPENSIVE LOAN XOXO THERESA
You give 10% of your monthly income...to God? What is he gonna do with that money? Watch you struggle financially as he takes it away from you? I would never give money to a church, they chose that life, and they beg for money? Not my cup of tea, but you know what, do as you do.
the way I see it, the money was never mine to begin with because it belongs to God...it's not necessarily that we are giving it to the church and they are not begging for it but it's something that I want to do as an act of faith. I actually find that when I trust God and give, he blesses me financially and in other ways in my life so I'm not struggling!
I myself am an athiest, but I respect your viewpoint. You are definitely smart with your money. To each their own, you know?
I think it's a lovely thing to do, provided your church does something good with that money. Are they using it to help people, or just building a bigger, fancier church? To me, that's the real question.
Brittany Tran 😂😂😂😂😂😂
What a disrespectful comment. If you don't agree why comment? I think its beautiful to tithe if you are financially able! Kudos to you Brittany.
You should do a Money Diary for Refinery29!!
ooh what's that??
Here's the link to their website! www.refinery29.com/money-diary
Its very possible to live in the city when one makes more than 50k. Even leaves room for a savings. Especially if one has a two bed and a roommate and/or just a one bed with partner.... this is assuming no student loans and car payments.
There's Walmart's and target's in nyc?
there's definitely a target, but no Wal Mart in Manhattan.
What tips do you have to budget in an expensive city like New York?
Nice video. I think most people are living beyond their means or posing for social media. Thanks for being realistic!
think of what you can save for if you didn't go out on weekends, stay home watch movies..best now days not to touch outskirts of food which is taking chances on your health..so what kind of food do you guys make, be interesting tips for us..what groceries to buy it's obvious your healthy, and pretty..menu's would be great video's of you cooking, we all look for cooking ones..and could use help.
sống đời tiết kiệm và hóng hớt giữa New York
temping lmao
So, how NYC keep their essential workers? Virtually none of them earn that kind of money!
Love this! I graduated law school in May & am hoping to move to NYC in the future, so I appreciate seeing what a realistic budget would look like. Thanks for sharing!
I think you mean 80k a year bc you didn’t seem to include taxes. If you are spending 4K a month that means you need to make 6k+ a month before taxes.
yeah if you read the description box, I explain that I miscalculated and didn't include the taxes. without student loan debt though your monthly budget could be much less.
I've watched multiple vidoes of living cheap in new York so this is .... somewhat helpful but I already know what I'm going to and how I'm going to get there.
Living in Manhattan is so expensive, wow! I would rather keep my expenses low and build up my investments more. I'm sure your life is more fun though.
yeah it's definitely not something you can sustain for a long period of time.
I make 38k a year, budgeting in ny probably wont work out for me
yeah that'll be tough but I do know people that do it. If you cut down on rent by sharing a room or living outside of Manhattan and don't have student loans you could cut your budget down a lot.
It can work for you. We live on about 30k yearly. Our own apartment, going out to eat, vacations, Uber...the whole deal. It’s possible.
I started doing the tithe too even though I am not Protestant, but I believe that the more you give others (especially in need), the more blessed your life is (Acts 20:35). And my life has been blessed indeed. I can see that.
Great series! I know budgeting will be super important when I head to NYC. I would live to see a series on the process of apartment hunting in NY/NJ for those moving to the area!
I talk a little bit about how I found apartments in my tips for living/moving to NYC video but will do a rent one next!
One of the best uses of my time on UA-cam. Thank you Brittany. God bless you!
Very informative
I enjoyed this breakdown on the budget. I don't ever plan to live in NY (but I LOVE to visit!), but I find it interesting how much things cost in different areas of the country. I would recommend using the extra money left over to save (you always need some money to rely on for emergencies) and pay off those student loans faster. Getting out of debt is my #1 priority because I know I will be able to do SO much more once my debt is gone, and my debt payments are only about 20% of what you pay.
I wouldn't go to restaurants if I was you that money would stay in my wallet for a year and I'll buy a guitar and start a band leave my job be poor, single, homeless but I would have a nice guitar
1400 a month in student loans!!!! i thought my 800 a month was bad. damn girl
yes, it's sad :(
Good tips... going to sign up to Pulsd
New York is so expensive! haha
yeah, you get used to after a while. with proper budgeting though you can definitely live here :)
400$ to the church??? I am a Christian and highly disapprove.. you could donate yourself the money on gofundme/youcaring to different causes knowing you did good to many people! just my opinion... God will see it anyways
thanks for the thoughts! My husband and I feel personally that we want to give our tithe to the church to help further God's kingdom in that way, especially since we attend that church and are members.
Thanks for sharing. Don`t worry I´m terrible at maths too. Actually, I´m not used to budgeting but is smart to do it. I will try to do it ;))
50k a year = 4k a month in New York? Do you NOT pay taxes? For all you viewers out there, please watch this clip with extreme caution.
Let me rephrase; do NOT listen to this person for advice on budget. If your firm offers you a starting salary of 50k, see what your biweekly NET paycheck will come out to. If you don't believe me; ask me how much I care. Good Luck.
Hi Brian! Yes, if you read my description I note that I made a mistake and forgot about the taxes. You are correct that a $4,000/month budget is not $50K/year. However, without student loans your monthly budget could be much less (closer to $2100/month)
Thanks for the advice Brittany! Looking forward for future vids!
Loved when you had tithe in the budget ❤️ and I’m bing watching your videos 😍
thanks for your explanations .greetings from Lima, Peru
LMAO @ beg ppl for birthday and christmas gifts.
I make well above 50k. I live by myself in NYC in a studio. This is definitely unrealistic.
unrealistic in that you can't spend that much per month? Do you have a student loan? if not, you can take out $1400 per month. but yes, if you read my description I miscalculated and at $4,000/month that's more for someone making 70k a year.
And on top of that she is married. Is her husband living free? :v
After watching this video, I find it the living cost in Manhattan NYC is about the same as it is in Silicon Valley, Northern California. Studio here is approx. $2,000/month on average.
yes, I've heard that SF has surpassed NYC in terms of how expensive it is.
Nice video. I like it. But there is one point that I disagree with. Everyone is paying tax. So if you make 50k a year. You only get to keep 2800 a month around that. And if someone get to keep 4000 a month. It means they make around 4000/0.75 * 12 =65k a year.
you are correct. If you read my description, I updated it after I posted because I realized that I didn't take tax into consideration. However, for most people who don't have large student loans like I do, their monthly budget can be around $2100.
This is good advice but 50k per year doesn’t equal 4K a month. So. Should’ve worked out 50k per year since u started off like that not combining ur husband income
Hi! Yes, you are correct...if you read my description I note that I made a mistake and forgot about the taxes. My budget is meant to be for 1 person without someone else's income but if you don't have any student loans or pay tithe, your monthly budget could be closer to $2100/month, which is way under $50K/year.
What about living in the boroughs (Queens, Brooklyn, etc.)? Certainly rent, groceries, restaurants could be as much as half of what you're spending on currently.
it depends what part, some parts of Brooklyn are actually almost as pricey as Manhattan (restaurants too). queens and certain parts of Brooklyn are definitely more reasonable in terms of rent. I feel like groceries is probably about the same everywhere but keep in mind I shop at Whole Foods (it's the closest to me).
Where did you study to become a lawyer? I’ve been looking in Brooklyn. But that class seems really expensive.
I went to a school in California. Which law school are you looking into? They are all pretty expensive. Perhaps you can find one that gives good scholarships?
You should really should consider submitting a Money Diary to Refinery 29! People like you make them so interesting and informative.
I'll look into it!
Love your vlogs. I have a dream of spending a month in NY any tips on how to find a place to stay for a month? 🙏 Sarah xx
Probably Airbnb or possibly through social networks like Facebook or Craig's List where people are looking for sublets.
Ballpark, how much do you make per month after tax? That is a very generous budget but i guess it is NYC.
I make enough to cover the monthly budget and a bit extra. it is a bit high but it's probably because of my student loan, if you take that out, it's about $2100/month.
Do you really have to shop at Whole Foods? That's where your money is getting absorb!
with no car and having to carry groceries up 4 flights of stairs, I prefer to shop at a grocery store nearby and Whole Foods is the closest one!
Wait...they have Wal-mart in NY city? How? There's no room!
nah, I was just giving some examples. we do have Target though :)
I wonder how much teachers get paid in NY 🤔 hehe also... this was a great video idea and I’m excited to see the different series!
yeah I would assume they get paid a little more since the cost of living is so high.
And the property taxes are high enough to pay for them
55.000 - 56.000 for a start.
My friend used to teach in the Bronx and she started off around 55K. Now she's in Queens and got a raise, she makes in the 60s. I'm not sure what the avg salary of a teacher in the city is, but teachers on Long Island make helllaaaa money, like we're talkin 6 figures. it's insane.
I just got accepted to UCI as a Computer Science major. What is your advise for a college student's budget?
Congrats! For college, it's difficult because you are not making any money. Usually your first 1-2 years you pay for dorm housing and dorm food, so my advice would be to stick to the dorm food and try not to go out to eat since you have already pre-paid for dorm food. Once you are able to move out of dorm housing, I would suggest rooming with 1-2 people so that you can share the cost of an apartment. My other tips apply - eat and cook at home to try to save money and limit extraneous items to a minimum (eating out, shopping, going on trips etc.).
I'm a transfer student, so I don't dorm at UCI. I live very close to UCI, so I will be commuting and live with my parent at home.
Beautiful and smart! 👍😊 Thank you so much for your tips. 🙏 This is my first time visit your video on youtube. Hi, my name is Martha. Could you or anyone please tell me where is the affordable place to buy a groceries offline? Because I can't find Walmart or Shoprite in NYC. And according to your opinion what area that have most affordable studio apartment/condos for a rent or buy? Thank you in advance. GOD bless you! 😇💜
I did a video on renting in new york so check out that video for specifics on where to rent. With regard to shopping, I would say Fairway is probably cheap or maybe a local boedga but I haven't compared those prices specifically.
@@BrittanyTran thank you so much for your replies 😊 Can I ask you one more question please? 😁✌️ Is Bronx is quite nice & save area to live in? Because after I tried to googling it, they have the most affordable price studio condo/apartment rather than in Brooklyn or Manhattan area. Besides the distances is not so far. Thank you so much anyway. GOD bless you 🙏😇💜
@@tathaum8220 it depends where in the bronx but I would say some areas are not that nice and it might not be safe. there is a reason it is less expensive. also it doest feel far if you are traveling to downtown Manhattan a lot.
@@BrittanyTran Ah I see. Well noted. Thank you so much for your replies 🙏😊
I want to be that smiling arab who charges $30 for a hotdog.
TheBagBalm 😂😂😂😂😂
Thank you luv this
lol I use pulsd too! Haha. And can u do a video on things to do in NYC?
yes! that's a good idea. I have things sprinkled into my monthly vlogs but 1 video would be good.
Do you know what your church does with the money per month?
yup, it goes to the costs of running the church including salaries, building costs, events, missionaries etc.
@@BrittanyTran Ah cool. I've always wondered. We 'tithe' differently in Ireland, but I suppose the money is pretty much for the same things.
Thank you 💛
What does your husband do? Is he a lawyer as well?
he is a digital marketing freelancer/entrepreneur!
he used to!
Whoa, how much student loan do you have? Should really be living as frugal as possible and focus on paying off your debts. After that you can start saving for 3-6 months of emergency fund and start investing for retirement. At your current rate without making any adjustment, you are likely to struggle financially near retirement. My two cents.
this is actually not my true true budget since this is for someone who makes about $50K/year in salary. With me and my husband's actual salaries combined, we have extra money each month to put towards savings and investments (I just didn't include that in the video since this was a sample). the way I think about it, paying the standard amount each month to pay off my student loans in 10 years makes the most sense for me now because I'd rather have liquid cash to use for other opportunities in the present.
Brittany Tran exactly..also student loans don’t affect credit so there’s no need to rush to pay them off also many jobs pay for Student loans..I’m in the medical field and my loans were forgiven ..depends on what deal I can personally work out
That was the whole point of the video, +echuynh. She is paying a fairly high monthly rate, which is ideal for people making over $100,000 a year, a 10 year plan. If she takes your advice and pays extra, not only will she have no funds to pay for other aspects of her life (thus lowering her quality of living and health), but she will have no money to put into retirement at a steady rate.
Great video!
thank you!