<prompt> Human: This is my first time making a budget, so please dont be too harsh. Please critique it as much as possible though, thanks!---Contribute 6 of salary to 401k 58,000 annual salary before taxes---Bi-Weekly Salary After Taxes: 1,659---Monthly Income After Taxes and Deductions: 3,591.73---Rent 25 monthly income:897 per month is this reasonable?---Equities 20 monthly income:Roth IRA -- 350,Equities -- 350---Utilities 7 monthly income:Utilities - 250 residual income will be put into savings---Medical Expenses:On parents plan until 26 Thanks Obama...---Debt Savings 10 monthly income:350 ... To be used toward savings and debt---Clothing 5 monthly income:150 per month---Personal Spending 10 monthly income:350 per month---Gas Transport 10 monthly income:350 per month ---Groceries 10 monthly income:350 per month ---AlcoholBarsGoing Out 3 monthly income:110 per month  <response>: Im not clear, is this projected, or actual expenses? i.e. you just graduated and this is your first month rentingworking?Otherwise, I have a bit of an issue including generic debt as a budget item. Is this student loans? A monthly credit card bill? Lots of people seem to think about paying the credit card bill as a bill that comes up once a month, like the electricity or rent. You should really think about each transaction on that statement as coming out of a budget category. i.e. you buy a shirt on your card, it should come from the clothing budget not the debt budget. What account it was purchased with is irrelevant. The card then becomes an abstraction, and youre just moving money from your checking account to your credit card account. You need to consider how much cash and debt you have on hand before you go gungho into investments. Any cash put into an investment, while you have a debt, is the exact same thing as taking a loan to invest that money. Are you getting a good return on that loaned money? Or would you be better off paying off the loan?Also, I think it can be more useful to budget clothing on a quarterly basis spring, summer, fall, winter but Im not much of a clothing shopper. If youre just starting working you probably need a lot more work appropriate clothing. I know I spent my first real paycheck almost entirely on good dress shoes and grown up wardrobe staples. Id also get renters insurance, and ask what the deductiblesco-paysco-insurance on your health plan are like. You should have in reserve, the sum of the deductibles on your auto, renters and health insurance. This could be in addition to, or a part of your emergency fund, depends on how conservative you want to be about it. 