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Course: Careers > Unit 3
Lesson 5: Licensed clinical social workerLicensed clinical social worker: My budget and planning for the future
Evony Cooper, a licensed clinical social worker, earns $48,000 annually. She manages her finances by tracking expenses and ensuring bills are paid. Her main financial concerns are student loans and retirement savings. After taxes and deductions, her monthly income is $2,500. Her expenses include rent, utilities, car, student loans, food, and entertainment, leaving her with $200 savings each month.
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200 dollars!? THAT IS NOTHING(0 votes)
$200 put away in savings is a hell of a lot to a lot of people. But yeah bruh, you're obviously so much better.(1 vote)
Video transcript
So, my name is Evony Cooper. My job title is that I'm a licensed clinical social worker, and my salary is $48,000 a year. I don't have to worry, really, about money. I keep track of where my money goes, when it's really important, and just make sure that my bills are paid. Some general concerns with my finances are probably my student loan payments, and making sure that I can still save for retirement. So, my monthly income, pre-tax, is about $4,000, but after taxes, payroll deductions, union dues, and a 403B, which my company does three percent match for, my take home pay is actually $2,500. Rent is $1,100. Gas and electric, $50. Internet, TV, 50. Phone, 85. Car, which includes gas, car payment and insurance, is 300. Student loans, 350. Food, 200. Other recurring expenses, like my dog, and gym membership, that's $65. And entertainment is a hundred. So, leftover funds, that go into my savings is about $200.