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Old 06-19-2016, 11:57 PM
 
24,696 posts, read 26,777,106 times
Reputation: 22704

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Quote:
Originally Posted by CollegeCurious View Post
I am a recent college grad and just got offered a teaching position in a preschool as a Pre- K teacher. They are offering great benefits that include 401K, insurance, paid sick and vacation time. I do not have any kids nor boyfriend. I plan on moving closer to my job in an apartment that cost 690 a month. My car note is 259 a month and once I move, I plan on getting other home necessities such as cable and also electricity
I don't think you can comfortably afford the apartment, the car payment, cable tv, and the ability to save at least 15% for retirement--plus have general savings-- on 32K. Something has to go (or you need to earn more). I think you should rent a room or share a place with someone...Otherwise you'll be payday to payday for the rest of your life.

And yes, saving 15% for retirement should be considered a necessity, not an optional luxury that you'll get around to "some day". "Some day" never comes.
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Old 06-20-2016, 02:07 AM
 
193 posts, read 106,940 times
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Would be tough on 32k gross just going on rent and car payment alone.
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Old 06-20-2016, 02:14 AM
 
33,134 posts, read 39,067,107 times
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Comes out to $615 a week,depending on your idea of comfort it should be more than enough to get by.
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Old 06-20-2016, 02:15 AM
 
35,121 posts, read 37,790,060 times
Reputation: 61840
Quote:
Originally Posted by CollegeCurious View Post
I am a recent college grad and just got offered a teaching position in a preschool as a Pre- K teacher. They are offering great benefits that include 401K, insurance, paid sick and vacation time. I do not have any kids nor boyfriend. I plan on moving closer to my job in an apartment that cost 690 a month. My car note is 259 a month and once I move, I plan on getting other home necessities such as cable and also electricity
Yes, if you really want to and cable is not a necessity, neither is a cell phone, home telephone, internet or new shoes every month.
Purchase what you need with cash only and use what you purchase.
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Old 06-20-2016, 04:20 AM
 
Location: A Yankee in northeast TN
9,483 posts, read 13,334,142 times
Reputation: 19899
Quote:
Originally Posted by CSD610 View Post
Yes, if you really want to and cable is not a necessity, neither is a cell phone, home telephone, internet or new shoes every month.
Purchase what you need with cash only and use what you purchase.
I think living comfortably means having a phone for things like work, keeping in contact with friends and family, being able to take care of things like making appointments, etc. and having some form of entertainment at home, such as a tv or computer with internet. What you describe sounds more like a prison sentence.
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Old 06-20-2016, 07:51 AM
 
3,749 posts, read 2,903,476 times
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In another thread, the OP states she has been trying for a while to get a job. At this point she needs to take what she is offered and MAKE it work. It can be done.
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Old 06-20-2016, 08:39 AM
 
9,082 posts, read 3,697,658 times
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aside from "money" being an issue, no one brought up the fact that most people aren't "comfortable" with the pay at their first job out of college with no prior experience doing it to command a higher salary

Even if they could "live" well off it, they still wouldn't be happy staying at first job for the rest of their career
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Old 06-20-2016, 08:50 AM
 
4,039 posts, read 3,698,225 times
Reputation: 3089
Quote:
Originally Posted by CollegeCurious View Post
I am a recent college grad and just got offered a teaching position in a preschool as a Pre- K teacher. They are offering great benefits that include 401K, insurance, paid sick and vacation time. I do not have any kids nor boyfriend. I plan on moving closer to my job in an apartment that cost 690 a month. My car note is 259 a month and once I move, I plan on getting other home necessities such as cable and also electricity

Fill out this and you will have a good idea of what you can afford.


MONTHLY EXPENSES Current
Rent/Mortgage 690
Utilities 0
Property Tax (if applicable)0
Condo Fees/HOA 0
Home Insurance 0
Home Alarm System 0
Car Payment 259
Car Insurance 0
Gas 0
Car Maintenance: 0
Oil Changes, Tires, Align & Balance, Filters, etc
Food 0
Cell Phone 0
Internet 0
Cable TV 0
Health Cov. (Unless covered by Job) 0
MISC- Movies, Eat Out, Entertainment 0
Giving/Charities 0
GRAND TOTAL ________


PAY CHART
Hr Year
$12 $24,960.00
$13 $27,040.00
$14 $29,120.00
$15 $31,200.00
$16 $33,280.00
$17 $35,360.00
$18 $37,440.00
$19 $39,520.00
$20 $41,600.00
$21 $43,680.00
$22 $45,760.00
$23 $47,840.00
$24 $49,920.00
$25 $52,000.00

Last edited by SAAN; 06-20-2016 at 08:59 AM..
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Old 06-20-2016, 09:01 AM
 
Location: Middle America
35,817 posts, read 39,334,463 times
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That amount is actually pretty good for a starting pre-k teacher, so if that's your chosen field, it wouldn't be really wise to hold out for better...it may well not happen.
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Old 06-20-2016, 12:23 PM
 
12,405 posts, read 9,195,957 times
Reputation: 8856
Quote:
Originally Posted by CollegeCurious View Post
I am a recent college grad and just got offered a teaching position in a preschool as a Pre- K teacher. They are offering great benefits that include 401K, insurance, paid sick and vacation time. I do not have any kids nor boyfriend. I plan on moving closer to my job in an apartment that cost 690 a month. My car note is 259 a month and once I move, I plan on getting other home necessities such as cable and also electricity
It will be very very tight and you might not be able to save enough for your future. But on a paycheck to paycheck basis you can survive it in the short run.
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