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A Week In Austin, TX, On A $162,000 Salary – Refinery29

Occupation: Software EngineerIndustry: TechAge: 26Location: Austin, TXSalary: $162,000Net Worth: ~$4.9 million (~$75,000 in savings, ~$400,000 set aside for taxes(?!?!?), $900,000 in investments (mutual funds + ETFs), $110,000 in 401(k…….

Occupation: Software Engineer
Industry: Tech
Age: 26
Location: Austin, TX
Salary: $162,000
Net Worth: ~$4.9 million (~$75,000 in savings, ~$400,000 set aside for taxes(?!?!?), $900,000 in investments (mutual funds + ETFs), $110,000 in 401(k)s, $1.9 million in vested company stock, $1.6 million in unvested company stock (most will vest in the next year). I started working at a startup four years ago and we went public this year which is where this net worth is coming from. Prior to the IPO, I had ~$450,000 in net worth between savings and stocks. I was able to sell some of my stock right after the IPO (hence the tax savings, I don’t know exactly how much I’ll owe) and will be able to sell the vested stock (if I want to) in the next few months. No car/house/debt.)
Debt: $0
Paycheck Amount (2x/month): $3,548.26
Pronouns: She/her

Monthly Expenses
Rent: $1,350 for a two-bed/one-bath house split with my boyfriend
ESPP: $1,620
401(k): $1,350
Pet Insurance: $25
Utilities: $90 (electric/gas/water, my half)
Internet: $30
Sling: $35
Netflix: $0 (shared with family)
Hulu: $5.99 (shared with family)
Cell Phone: $34 (I pay my parents for this)

Source: https://www.refinery29.com/en-us/software-engineer-austin-tx-salary-money-diary

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