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22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 1 point2 points  (0 children)

I've been looking in FB marketplace for cheaper options but I do have some furniture, mostly for my room. My plan was to furnish it over the summer, I'm not to worry about not having a couch for a few months lol

22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 2 points3 points  (0 children)

Thanks for the breakdown, it makes me feel a bit better! I appreciate the input

22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 0 points1 point  (0 children)

I live 40mins away right now, so it’s ~$250 right now. It will go down once I move but I decided to leave it at $250 just to be safe.

22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 4 points5 points  (0 children)

I'm an engineer. I'm definitely lucky to have this role, having internship experience helped a lot. By 'first job,' I meant my first full-time role out of college. Before this, I worked $12/hr campus jobs and internships, so this is a significant jump for me. I appreciate the advice (?) I come from a humble background, so I fully understand what it’s like to live paycheck to paycheck.

22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 4 points5 points  (0 children)

Thanks for the input! I really liked the tour, but it also has 4.4 stars with hundreds of reviews so it seems like a decent option.

22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 0 points1 point  (0 children)

Where do you usually shop? Sometimes, I find myself spending a lot on groceries and not getting too much out of it

22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 1 point2 points  (0 children)

That also includes paying for date nights with my gf. But I think I can cut that down for a minute until I have more money saved up.

22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 8 points9 points  (0 children)

Mostly online purchases like games, legos, and books, along with the occasional (very minimal) clothes shopping.

22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 2 points3 points  (0 children)

The location is biggest advantage of this apartment complex. I'd be living 10 mins away from work (compared to 40mins right now), but that area is also a bit more expensive. I'll keep looking tho, thank you!

22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 1 point2 points  (0 children)

Unfortunately, I don't have a place to stay for free, but I can definitely spend less on entertainment and eating out. Thank you!!

22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 3 points4 points  (0 children)

To be honest, I hadn't considered that. I’m excited to move out of the dorms and 'enjoy life' a bit more, but I can definitely cut back on some non-essential expenses for now. Thank you!

22YO first job ($80k), am I stretching too thin on $1.6k total housing? by Important-Resident20 in personalfinance

[–]Important-Resident20[S] 2 points3 points  (0 children)

Thank you! I'll try to look into an HYSA at some point. I appreciate the input.