I live in a place where anywhere decent to rent an apartment alone is about $1,400 to $1,600 not including utilities or other fees. My other option is staying in my current situation which is about $800 to $900 TOTAL a month, but I have two annoying roommates with two annoying dogs. I am getting more and more stressed as the time to re-sign the lease approaches.
I’m basically deciding between not living comfortably mentally and not living comfortably financially.
Could ~$1,500 rent be doable on a $50,000 a year job assuming I don’t have any debt and somewhat limited hobbies?
EDIT: I’m completely aware of the 30% rule, I just feel like that’s not feasible anymore in todays economy
Comments
i make less than that and pay around the same, i believe you’ll be okay and still have “fun money” as long as you budget responsibly. I understand bad roommates i had some myself, and from personal experience it was absolutely worth moving. Maybe just save a lil extra before making the move just in case.
Divide your annual take home pay by 40 and that should be the most you spend on rent
Yes, and it’s worth it.
Yes and please tell us where you can find rent this low I’m listening
Shoooooot. I pay $1,500 a month for child support, so I’m already in the hole 😭
Do a side hustle for another $200-400 a month to lesson the impact. Preferably under the table.
Can you cut down streaming service, trim your cell bill, do less eating out?
What choice do you have on this?
Yes.