Step 1: Understand Your True Take-Home Pay
First, we need to calculate your income after taxes. A $5,000 weekly income translates to $260,000 annually. Here in Houston, Texas, you have no state income tax, but federal and FICA taxes are substantial.
Gross Weekly Income: $5,000 Estimated Weekly Taxes (Federal & FICA at 30% effective rate): $1,500 Estimated Weekly Take-Home Pay: ~$3,500
This $3,500 per week (or ~$15,155 per month) is the number we will use to build your budget.
The Wealth-Builder's Budget Framework (30/20/50)
This is a framework designed for high earners to accelerate financial goals.
50% for Wealth Building & Savings: The largest portion. You are paying your future self first, and aggressively so. 30% for Needs & Fixed Costs: A comfortable allocation for a high-quality lifestyle. 20% for Lifestyle & Discretionary Wants: A generous fund for flexibility and fun.
Your Weekly & Monthly Budget Breakdown
Here is a detailed breakdown based on your estimated $3,500 weekly / $15,155 monthly take-home pay.
50% - Wealth Building & Savings This is your priority. Your goal is to make this money work for you.
Weekly Target: $1,750 Monthly Target: $7,578
Where this money should go (Monthly Allocation Example): Max-Out Tax-Advantaged Accounts: 401(k) Contribution: ~$1,917 (to hit the $23,000 annual max for 2024 - this may be deducted pre-tax, increasing your take-home pay slightly. We are keeping it here for simplicity). Backdoor Roth IRA: $583 (to hit the annual maximum contribution). Taxable Investments: Brokerage Account (Index Funds/ETFs): ~$3,500. This is the engine of your wealth growth. High-Yield Savings & Goals: Emergency Fund / Cash Savings (HYSA): $1,000 (build this aggressively until you have 6 months of living expenses, then redirect). Major Purchase Fund (Real Estate, etc.): $578
30% - Needs & Fixed Costs This covers your essential living expenses for a very comfortable life in Houston.
Weekly Target: $1,050 Monthly Target: $4,547
Where this money can go (Monthly Allocation Example): Housing: $3,000 (Covers a mortgage on a nice home or rent in a luxury apartment building in areas like Uptown, Midtown, or The Heights). Utilities: $400 (Includes electricity for a larger space, water, gas, and premium gigabit internet). Transportation: $600 (Payment for a luxury vehicle, plus insurance and fuel). Groceries & Household: $500 (High-quality groceries from places like Central Market or Whole Foods). Insurance: $47 (Basic renters/homeowners, umbrella policy).
20% - Lifestyle & Discretionary Wants This is your flexible spending fund for enjoyment, travel, and hobbies.
Weekly Target: $700 Monthly Target: $3,031
How you can enjoy this (Monthly Allocation Example): Dining, Bars & Entertainment: $1,200 (Freedom to explore Houston's top restaurants and social scenes without worry). Travel Fund: $800 (Setting this aside monthly allows for several high-end vacations per year). Shopping & Hobbies: $700 (Personal shopping, fitness classes, golf, tech gadgets, etc.). Charitable Giving...
Read morePharmacy is horrible. Milton who works in the pharmacy is a horrible human being. I was with this pharmacy for past year but after my interaction with Milton I will be switching all my scripts to H‑E‑B. Tonight was second time they have messed up my toddler’s medication. This time it was with an inhaler. My TODDLER can’t breathe bc she has Bronchitis. I waited 20 mins with no one else in line before anyone acknowledged me (while my sick toddler is hacking and can barely breathe). Then they fail to tell me they don’t have the inhaler. The script was sent over at 4:30. We went to pick scripts (antibiotic and inhaler) up at 6. Still no one informs us that this med they Never carry in store. I get home at 7 since they take forever to just hand me meds even though no patrons were there at the time of my arrival. It’s 2 min drive home. I get home and call them. Of course it takes 30 mins to get someone on phone. I finally get the displeasure of taking with Milton who finds it hilarious that my kid can’t get her inhaler. I get him to (reluctantly) call another Walgreens so I can get this med to her. I asked can you please, ask them to fill quickly so I can get my sick kid her meds and let her go to sleep. He fails to do so delaying her the medicine an additional hour. Of course you can’t get anyone on the phone at the pharmacy at either location. Then Milton finds it even funnier that I want to talk to pharmacist to complain about his horrendous attitude. Mind you second time they have screwed this poor child over her medicine. They previously were so incompetent that they could not provide proper method to dispense her antacids. It took months before they could figure it out. I hope Milton reads this and understands he is a waste of space and a real piece of work.
As for my scripts they can never get insurance right. They always say they don’t have insurance approval for one of my medications. My insurance has approved me for a year to be prescribed drug. Every month I have to call Walgreens and remind them to take it off hold and fill prescription. Their scripts are also twice as...
Read moreI'm very disappointed in the service at this location as well as the pharmacy manager Eric, who apparentlY has 23 years of experience. On Tuesday my doctor prescribed me insulin, I dropped off the prescription Tuesday and they said it would be ready in a hour and a half so my husband went to pick it up and they gave me the insulin but they did not give me the needles to administrator the medicine. I called the pharmacy on Wednesday to resolve the matter and they said that they also needed a prescription for the needles. So I called the doctor's office and they told me that they did in fact write the needles on the prescription and they would also call on my behalf to make sure the pharmacy got the information. So today I go to pick up the needles and they tell me that I need to pay $70 and that they needed additional doctors authorization for it to be approved by my insurance. Long story short, I called the Dr's office they called the pharmacy and it went through no problem so when I called back to talk to the pharmacy manager - Eric- he was so nonchalant and uncaring. He basically told me don't worry about it come get the needles it's free. So I proceeded to explain to him that he needs to figure out what happened so it won't happen again and I've already wasted 3 trips up there. I felt so upset, I'm trying to figure out if I have any recourse. I'm definitely switching...
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