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Old 06-18-2016, 05:02 PM
 
525 posts, read 264,109 times
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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
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Old 06-18-2016, 06:18 PM
 
Location: Alexandria, VA
10,713 posts, read 19,040,812 times
Reputation: 14668
Can't you figure out what your monthly pay is less rent, car payment, etc.?
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Old 06-18-2016, 06:21 PM
 
5,470 posts, read 8,160,530 times
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Impossible to tell without more details (do you have student loans, do you consider living comfortably burgers in the back yard or surf and turf at an expensive reasturant 5 nights a week) etc.

I can only say given the likely cost of living represented by your apartment:
Probably.

Remember to save 15% of your income towards retirement. The "hands off" way to save for retirement described in "The Millionaire Next Door" (a worthwhile read) is to "pay your retirement savings first" and budget your lifestyle with the rest.

This has worked well for me.

This site has cost of living comparason that will allow you to see how far $32k will go whete your current living (you know your current lifestyle and cost of living) and compare it to your potential destination.
This would be a good resource to utilize.
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Old 06-18-2016, 06:23 PM
 
Location: Middle America
35,817 posts, read 39,334,463 times
Reputation: 48613
Hard to say.

I lived on much less. There are a lot of variables to consider, though.
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Old 06-19-2016, 11:58 AM
 
Location: A Yankee in northeast TN
9,483 posts, read 13,334,142 times
Reputation: 19899
is the 32k what's left after paying the 401k and insurance premiums? if not i am going to say that depending on where you live it's probably doable, but not 'comfortable'. i live in a low col area on a similar wage and in order to make it work i need to live frugally
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Old 06-19-2016, 02:11 PM
Status: "I cannot wait for the heat to break..." (set 3 days ago)
 
Location: Where the sun likes to shine!!
20,368 posts, read 25,483,948 times
Reputation: 87958
What will your take home pay be?
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Old 06-19-2016, 02:15 PM
 
Location: Central IL
13,345 posts, read 7,115,490 times
Reputation: 31033
Where do you live? What part of the country? City? Rural?

You may not have a boyfriend but be sure to budget for contraception...
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Old 06-19-2016, 02:28 PM
 
Location: Las Vegas
13,432 posts, read 24,199,022 times
Reputation: 24745
What city? Is it high or low COL? And how much can you expect to be making 5 years from now?
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Old 06-19-2016, 02:40 PM
 
Location: San Antonio/Houston
33,549 posts, read 51,750,301 times
Reputation: 82971
Are you a thrifty person who watch your spending and is good with household budget, and money management? If yes, then you can. Comfortable doesn't have to be luxurious. If you can curb your cravings, know how to cook, and fix basic things, will spend less than you're making, than you can live well with what you will make. Especially if you do stay in that "small country town in northern Florida".

Last edited by elnina; 06-19-2016 at 02:51 PM..
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Old 06-19-2016, 02:52 PM
 
3,749 posts, read 2,903,476 times
Reputation: 11932
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


Its good you are planning on getting electricity. Difficult to live without it.

Cable is not a necessity. Things like food, gas for your vehicle, insurance, those are necessities.

Budget. Figure out how much you will be bringing home. Then figure out what your expenses are.

Expenses need to be less than income.
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