MedFin

Budget Builder

Build a realistic monthly budget on your resident salary.

Monthly Income

Gross Salary

$6,250

Take-Home (after tax)

$4,375

Monthly Expenses

$1,500
$800$3,500
$120
$50$300
$400
$150$800
$127
$0$500
$50
$20$120
$0
$0$2,000
$150
$0$500
$150
$0$500
$200
$50$600

Summary

Take-Home Pay$4,375
Total Expenses-$2,697
Remaining$1,678
Savings Rate38.4%
Excellent

What to do with your $1,678 surplus

WCI Financial Waterfall

Emergency fund (3-6 months)$500
403(b) match (if available)$200
Roth IRA contribution$500
Extra loan payments / savings$478