CapitalMission8486
CapitalMission8486 OP t1_iy46f9s wrote
Reply to comment by sephiroth3650 in Is $2k rent too much even after contributing 30% to retirement (more details below)? by CapitalMission8486
I'll try my best to estimate, since this will be my first time living alone. I had 3 roommates in college, so I'm basing some stuff off of that.
- No car payment, though my car is at 200k miles, but still going strong (knock on wood)
- No debt
- $800 annual car insurance
- $70 gas per week commuting 60 miles at the moment
- On parents cell plan at the moment, but I'll start helping them pay that
- Utilities is hard to say. I was paying ~200 for my share with 3 other roommates, who all used utilities like mad (gaming, 4 separate private bathrooms, stuff like that)
- Groceries was about $200 a week, and eating out was about $50 a week
Yeah writing this out makes me realize how prices can add up quick. Getting a roommate would make that a lot more comfy, especially if I wanna travel and stuff
CapitalMission8486 OP t1_iy44ulz wrote
Reply to comment by UC_DiscExchange in Is $2k rent too much even after contributing 30% to retirement (more details below)? by CapitalMission8486
How much rent should I be looking at then? If I want a 1br in a decent area?
CapitalMission8486 OP t1_iy43oec wrote
Reply to comment by Concerned-23 in Is $2k rent too much even after contributing 30% to retirement (more details below)? by CapitalMission8486
It's something I'm fancying the idea of. Just started my career a few months ago, and already thinking about retiring early haha.
CapitalMission8486 OP t1_iy432cl wrote
Reply to comment by Concerned-23 in Is $2k rent too much even after contributing 30% to retirement (more details below)? by CapitalMission8486
The 30% is 401k and Roth combined. about 20% is 401k, and 10% is roth + index funds in a brokerage. I probably could scale that back a bit if needed
CapitalMission8486 OP t1_iy42jpw wrote
Reply to comment by ITpeep in Is $2k rent too much even after contributing 30% to retirement (more details below)? by CapitalMission8486
I thought about it, but suburbs don't seem ideal for a young single guy
CapitalMission8486 OP t1_iy4242b wrote
Reply to comment by [deleted] in Is $2k rent too much even after contributing 30% to retirement (more details below)? by CapitalMission8486
I am fortunate enough to have $80k ready for a downpayment, but housing prices seem intimidating. Plus I'm just about to graduate college and know next to nothing about Housing
CapitalMission8486 OP t1_iy4hb15 wrote
Reply to comment by freecain in Is $2k rent too much even after contributing 30% to retirement (more details below)? by CapitalMission8486
Thanks! Yeah life seems like it would be a bit more cozy financially with a roommate. How does finding one work tho? My college apartment had 4 separate leases, which was amazing. So if one roommate left, you didn't have to worry about finding another.
Do you just meet someone who wants to sign the same lease at a place you like? Or sign the lease for a 2 bedroom and then look for a roommate?