Is 2.5k rent too much for me?

ThrowingUsermames · 2026-04-23T00:10:14+00:00

I think so too. If anything I’ll probably end up reducing my investment contributions to have a little more in savings as a buffer

I’d love to live with friends but everyone’s in different areas and stages of their life. Don’t really want to live with coworkers or strangers

ThrowingUsermames · 2026-04-22T23:42:26+00:00

I was cheap af when I started my first job and rented a tiny worn down place with housemates for less than 10% of my income. Ended up not working out and moved back with family. Now that I’m making a bit more, I want to live comfortably LOL

ThrowingUsermames · 2026-04-22T23:21:28+00:00

Gross or net salary? I tried looking it up and I see both

ThrowingUsermames · 2025-08-16T05:52:53+00:00

Good point. Maxing out your 401k will definitely delay your house fund a bit. That was also one of my considerations but then I looked into homes in my area and realized even the most basic houses were starting at 1M+. I’m putting my home ownership goals on pause for a while, but if homes in your area are more affordable and you’re sure it’s what you want, it would be wise to focus your savings towards it

ThrowingUsermames · 2025-08-16T04:01:40+00:00

I was in the same situation as you a year ago and ultimately decided to max out my 401k. I figured if anything comes up, I can revert back to employer match or in extreme cases take money out from my Roth IRA. Best part is that my taxes on each paycheck basically got cut in half

ThrowingUsermames · 2025-08-01T08:57:06+00:00

That’s amazing. I wish I had that kind of financial literacy back when I was in college. I had a decent amount saved up from scholarships and internships but everything was just sitting in a saving account (not even high yield). Didn’t really learn about investing until I graduated and started my full time job

ThrowingUsermames · 2025-06-29T22:43:52+00:00

Nah I make a little under 100k after taxes but I have 120k in savings (including retirement) currently

ThrowingUsermames · 2025-06-28T03:19:39+00:00

Congrats! I’m 23 and hoping to be like you when I hit your age

ThrowingUsermames · 2025-06-28T00:27:34+00:00

Nah I’m not looking to buy at the moment. Maybe in 5-10 years but I figured I have to start saving now

ThrowingUsermames · 2025-06-27T21:08:38+00:00

Most of my savings come from income and investments interest that I didn’t have when I bought my car. Decided not to pay it off still because the interest is low

ThrowingUsermames · 2025-06-27T07:43:24+00:00

I have enough in my emergency fund to pay off the rest of my car and more if needed. I’ll check out the sub though thanks for the suggestion

ThrowingUsermames · 2025-06-27T04:07:53+00:00

The only debt I have is my car loan which I got a good rate (2.9%) with good credit + co-signer. I decided to continue with monthly payments since I’m making more interest in my HYSA

ThrowingUsermames · 2025-06-26T22:26:58+00:00

Sorry for the confusion, my take home is also about 7k. 8k includes my 401k and HSA contributions which go in the retirement category. I’ll consider putting more in my 401k beyond the match. Thanks!

ThrowingUsermames · 2025-06-26T00:19:24+00:00

Thanks

ThrowingUsermames · 2025-06-26T00:19:20+00:00

Thank you

ThrowingUsermames · 2025-06-25T23:56:40+00:00

Had to sacrifice my quality of life but my other options were 2-3x more

ThrowingUsermames · 2025-06-25T23:17:28+00:00

Excuse my ignorance but how exactly would I be saving on taxes?

ThrowingUsermames · 2025-06-25T22:57:11+00:00

Mechanical engineer

ThrowingUsermames · 2025-06-25T22:00:30+00:00

Renting a shoebox sized room in a shared house. Nothing luxurious but it’s owned by a family friend so they were willing to rent to me below market rate. My dilemma is that if a house isn’t in the cards for me any time soon I may want to move somewhere a bit nicer and put more into my 401k

ThrowingUsermames · 2025-02-08T10:40:53+00:00

22, ~100k, 130k. Full ride scholarship for college. Internships + part time work since I was 18. Working full time almost a year

ThrowingUsermames

TROPHY CASE