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Can I live on my own making only $32,500 a year?

Discussion in 'General Chat' started by trewsx7, Mar 9, 2009.

  1. Fuuma

    Fuuma Senior member

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    Everyone knows Conne's a full time college student, so I doubt he was actually trying to fool anyone.

    It was a job on CE posters saying you couldn't live in NYC under 150K and other niceties.
     
  2. Teger

    Teger Senior member

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    If you call a world without bespoke suits, overnight trips to Italy for dinners and being forced to rub elbows with the unwashed masses on the subway 'living', then yes, go for it.
     
  3. Tarmac

    Tarmac Senior member

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    Everyone knows Conne's a full time college student, so I doubt he was actually trying to fool anyone.

    He's actually referring to how much he saved by going to Ohio State instead of an Ivy. It's like making money!
     
  4. poorsod

    poorsod Senior member

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    I was in Va for work right after college and I think I could survive on less in NYC. Between the absurd traffic laws, the 17 cops per capita that insure you AT LEAST one ticket a year ( I got 3 to the tune of 720 bucks and I had never gotten a ticket in my life prior or since), the insane traffic and even crazier housing and food prices, I think San Diego Gas Lamp and a lease on a Gallardo might be cheaper.


    Yeah the DC cops are so amazing that I even got a parking ticket in D.C. without having been there in years! It turns out they gave me a ticket, 20 minutes after I crossed the GW bridge into Manhattan 2-300 miles away. Brilliant. Thank goodness for EZPass records.

    There is something fishy about that business and I wonder how much of the ticketing is legit.
     
  5. designprofessor

    designprofessor Senior member

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    hooker tabs do add up in a hurry......
     
  6. Tarmac

    Tarmac Senior member

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    To answer the OP question, I lived on $35k a year for about 2 years after college. I saved 10-15k during that time, it was quite easy. I didn't live that poor either, hung out with friends, bought drinks, bought new clothes. I rented a room in a house for $500 and I bought a used $1800 car, no other major expenses.
     
  7. Meis

    Meis Senior member

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    Sorry to bring this thread back from the dead but...

    Am I the only one who thinks $300 a month for groceries for one person is way high?
    I mean, I also live in the city (albeit a slightly cheaper one) and I spend maybe $100 a month on groceries (and its not like I'm living on ramen), even if you added another $100/month for eating out thats still only $200 a month.

    Comparatively, $120 for going out isn't going to go very far at all... especially if you have anything to eat while out drinking
     
  8. Cavalier

    Cavalier Senior member

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    One big tip that just occurred to me in reading this thread... Buy a lunch box and use it to take your lunch to work everyday.
    http://www.amazon.com/Zojirushi-Bent...9168301&sr=8-1 Mr. Bento for $36 shipped. Has two warm containers that stay hot for 6 hours, and two cold ones that stay cold for 6 hours as well. I just got one and a nice Thermos for this year at school.
    I mean, I also live in the city (albeit a slightly cheaper one) and I spend maybe $100 a month on groceries (and its not like I'm living on ramen), even if you added another $100/month for eating out thats still only $200 a month.
    $25/week is ridiculously low, a pound of lunch meat is a third of your budget alone. When I am trying to eat really cheap, I spend $50 on groceries. I am not purchasing any soda, cookies, snacks, processed foods, etc. and mostly things that are on sale (buy one get one free) in that week's circular. A week or two eating like this and I become prone to eating out too much. It usually works out better if I spend a bit more at the grocery and go to the local specialty market to get good things to eat, because eating out adds up QUICK.
     
  9. oroy38

    oroy38 Senior member

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    People raise families on less. A lone college grad should breeze by. Sounds like you'll be fine, and with $800 a month to toss around, you'll be set for any partying/dating you need to do. Consider throwing $200 a month into a ROTH IRA or Savings Account. The earlier you get started, the better off you'll be in the long run.
     
  10. username79

    username79 Senior member

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    You're not saving any money, so you're fucked.

    You can't spend any money, since you only have $800/mo to spend, so you're fucked.

    If you're coming out of college, you should be making at least 60K, so you are significantly behind the curve, so again, you're fucked.

    Get a different job.
     
  11. Nouveau Pauvre

    Nouveau Pauvre Senior member

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    I live on my own in DC making less than this.

    EDIT: About the same when I consider performance income, maybe a little more. Have you tried getting a weekend job bartending or something? or performing if you play guitar or some shit?
     
  12. Joffrey

    Joffrey Senior member

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    Wow, I wouldn't consider attempting this.
     
  13. Dakota rube

    Dakota rube Senior member

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    I am constantly amazed at the number of posters here who are completely and utterly removed from the reality facing most people in the US.

    Of course you can live on $32.5K a year.
     
  14. Milhouse

    Milhouse Senior member

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    I am constantly amazed at the number of posters here who are completely and utterly removed from the reality facing most people in the US.

    Of course you can live on $32.5K a year.


    Town where I spent a good portion of my life had an average income of about 30k/year for a FAMILY OF FOUR!
     
  15. oneeightyseven

    oneeightyseven Senior member

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    Town where I spent a good portion of my life had an average income of about 30k/year for a FAMILY OF FOUR!

    hoooooollyyyyy shiiiittttttt.
     
  16. YoungAmerican

    YoungAmerican Senior member Dubiously Honored

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    I am constantly amazed at the number of posters here who are completely and utterly removed from the reality facing most people in the US.

    Of course you can live on $32.5K a year.


    Yeah, jeez. That's plenty of money. I lived perfectly well on $18K a year for several years, in San Francisco, one of the most expensive cities in the country.
     
  17. Piobaire

    Piobaire Senior member

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    I am constantly amazed at the number of posters here who are completely and utterly removed from the reality facing most people in the US.

    Of course you can live on $32.5K a year.


    I'm doubly perplexed. Don't see how a young single guy can't make on this and don't see how people think 250k is mega wealthy. But we have both positions commonly stated here. /shrug
     
  18. oroy38

    oroy38 Senior member

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    $250k is pretty damn wealthy if you ask me. Considering that the median salary in the US is about $55k a year, that's almost 5x as much. And if you're single? That's A LOT of money, especially if you don't have a huge ass expensive house. $250k is something that's attainable for people going into college right now, and that's on the higher end of the spectrum. Going to Med School can get you there. Depending on your specialization, you can easily make more than that (Anesthesiology averages $300,000 and Retinal Surgeons make between $500,000-$600,000). The truth is, anything above the $100,000 mark as a salary, and if you're single, you're living pretty darn comfortably and you're able to afford a lot of luxuries. In reality, to the average American, $250k a year IS defined as being fairly wealthy, especially if that's your paycheck alone, and not per capita.

    One thing he forgot to throw into his $32.5k/yr budget is paying off student loans. that could put a serious damper on the $800 spending money he has.
     
  19. adversity04

    adversity04 Senior member

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    ^ 55k is almost 5x as much
    He said he doesn't have loans
     
  20. Piobaire

    Piobaire Senior member

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    $250k is pretty damn wealthy if you ask me. Considering that the median salary in the US is about $55k a year, that's almost 3x as much. And if you're single? That's A LOT of money, especially if you don't have a huge ass expensive house. $250k is something that's attainable for people going into college right now, and that's on the higher end of the spectrum. Going to Med School can get you there. Depending on your specialization, you can easily make more than that (Anesthesiology averages $300,000 and Retinal Surgeons make between $500,000-$600,000). The truth is, anything above the $100,000 mark as a salary, and if you're single, you're living pretty darn comfortably and you're able to afford a lot of luxuries. In reality, to the average American,$250k a year IS defined as being fairly wealthy, especially if that's your paycheck alone, and not per capita.

    One thing he forgot to throw into his $32.5k/yr budget is paying off student loans. that could put a serious damper on the $800 spending money he has.


    I approve of your whole post, but approve of the bolded part the most. Your future is bright.
     

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