After College Monthly Budgets (Estimates) Entry Level Income for Mechanical Engineering $50,250 * .75 = $37,700 $37,700/12 = $3,150 1.) Student Loans Roughly $180/month $3,150 - $180 = $2,970 2.) Rent w/ roommate $300/month $2,970 - $300 = $2,670 3.) Car note $300 + Insurance $150/ monthly $2,670 - $150 = $2,520 4.) Gas Bill $50/month $2,250 - $50 = $2,200 5.) Electric Bill $75/ month $2,200 - $75 = $2,125 6.) Comcast Package Includes Cable/Internet/Homephone $120/ month $2,125 - $120 = $2,005 7,) Medical/Life Insurance $350/month $2,005 - $350 = $1,655 8.) Groceries $100/month $1,655 - $100 = $1,555