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Firefighter: My budget and planning for the future

Video transcript

my name is Kyrie toll of I'm a firefighter and currently I make anywhere from 65 to 70 grand a year so I feel pretty good about my finances compared to compared to about five years ago where I was just working for a minimum wage at Target I've come a long way and I feel like in the future my finances just having nowhere but up to look so for school and for the Fire Academy I was able to pay for it usually through financial aid and when I didn't have financial aid I was able to sustain myself with the money I was making with my job as an EMT currently I am paying for my credit card debt that I procured while going full-time into the Academy before I was able to get my first check I'm currently three thousand dollars in debt and credit card debt and not also have a card note that I'm currently paying off living in Los Angeles is of course a higher cost of living than it is in most places I'm not a very expensive person I don't really spend a whole lot on food I would think anyways I'll do I do eat a lot but I'm not home all the time so I don't spend a lot on on bills and utilities like that I like living in Los Angeles because it's home mainly but because we have so many different things going on all the time we have the beach we have the city we have many different things and especially if you want to go to a different part of California you could obviously strike up to Big Bear or something like that go to the lake or anything like that and that's what really makes it home for me because it has a wide array of things that you can do and I think it's worth it to live out here even if it is just a little bit more expensive my basic annual salary is $70,000 per year monthly will take about 5,800 and if after taxes pension and the four hundred dollars I don't put into my IRA to save up for the future for retirement I will take home about $2,900 then I have my expenses I serve I share a place so I have a roommate so I pay about 1350 per month for utilities I pay about $60 and for the internet and TV I don't watch a whole lot of TV so only pay about $50 which is only for the internet my phone bill 130 dollars per month usually monthly I have car payments as well my cardinal is $330 my insurance runs me $120 and for gas I usually run about 140 dollars per month I don't eat a lot at home so I don't spend a whole lot of money at home because we're usually at the station we have really good food at the station as well the people there are usually really good cooks so I only spend about 250 dollars per month for food for this gym I usually pay about $30 and then for entertainment I'll usually pay about $120 which you usually run me to about 320 to 350 leftover per month but then there's plenty of opportunities for overtime which allows me to bring in more money to put even more money to save towards the house that I eventually want to get in a couple of years I am currently saving for the future I would like to be able to buy a house within a couple of years time that's the main goal right there I have not set up an emergency fund yet right now I'm concentrating on getting the credit card debt taken care of and also paying off my car my car note and next up would be to set up its emergency fund so I'm hoping to have the credit card that taken care of as soon as possible since started working I've learned that uh the more money you make you do tend to spend a little bit more but there are other ways to hold on to that money for example you can give that money to different programs that you may have a soft heart to it towards I believe or even just start putting it towards saving so you just have to have a little more willpower with your spending and be able to put it into different places
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