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Old 05-25-2016, 03:46 PM
 
Location: Brooklyn, NY born & raised!
2,633 posts, read 4,119,893 times
Reputation: 3552

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Quote:
Originally Posted by HarperQuinn View Post
I agree.

$75K after taxes, 401K (10%) is approx. $3600 a month.
Unlimited Metro - 30 days $116.50
Rent - Studio/1Bedroom $1200.00-$1600
Food - $200.00 month
Utilities - (Cable, Phone, Internet, Gas, Electric) $300.00

Balance is $1783-$1383 for the month.

For a single person? That's comfortable enough.
But wah, I can't go to brunch every weekend, and live among the cool people with that! I need coffee shops and yoga within walking distance! I need to be close to Whole Foods and Trader Joe's! You think I want to commute more than a half hour? Are you nuts? I have to live by the L train or in Manhattan or I won't have any street cred to my friends back home! *sarcasm*

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Old 05-25-2016, 04:10 PM
 
3,700 posts, read 3,175,944 times
Reputation: 2614
The people who can live on small salaries in NYC often have extensive parental allowance money coming in. Let's be real about this. I've seen it in my last 16 years of living in this city. It's actually disgusting how they try to hide it, but at the same time I don't blame them. I just wish they would go away. Can't stand how this city is a huge mecca for the uber privileged. At some point, probably a few weeks from now actually, these super privileged jerk offs are going to realize that they are not wanted here. who knows though...
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Old 05-25-2016, 04:13 PM
 
Location: Brooklyn, NY born & raised!
2,633 posts, read 4,119,893 times
Reputation: 3552
Quote:
Originally Posted by Aquarius37 View Post
The people who can live on small salaries in NYC often have extensive parental allowance money coming in. Let's be real about this. I've seen it in my last 16 years of living in this city. It's actually disgusting how they try to hide it, but at the same time I don't blame them. I just wish they would go away. Can't stand how this city is a huge mecca for the uber privileged. At some point, probably a few weeks from now actually, these super privileged jerk offs are going to realize that they are not wanted here. who knows though...
Umm this isn't accurate.

I've lived on under 50K up until a few years ago. Some would consider that to be a small salary. And yet I haven't relied on my parents since I was 17. Most of that time I was actually living alone since I stopped living with roommates after 24. And I have never lived in a crappy area.

Sorry, but not everyone falls under your description. A lot of them actually live with roommates, from what I've seen. Even one of my old classmates does and he's 42.
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Old 05-25-2016, 05:27 PM
 
Location: NYC metro area
607 posts, read 513,194 times
Reputation: 822
Quote:
Originally Posted by Aquarius37 View Post
The people who can live on small salaries in NYC often have extensive parental allowance money coming in. Let's be real about this. I've seen it in my last 16 years of living in this city. It's actually disgusting how they try to hide it, but at the same time I don't blame them. I just wish they would go away. Can't stand how this city is a huge mecca for the uber privileged. At some point, probably a few weeks from now actually, these super privileged jerk offs are going to realize that they are not wanted here. who knows though...
....what? No. That isn't true for everyone. Sure, there ARE those people, but not everyone is in that category. I have NO external parental income coming in, and I survive comfortably, in an "ideal" neighborhood in Manhattan, on $3200-$3600 a month. It's entirely doable/possible. I am in no way "uber-privileged."
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Old 05-25-2016, 05:36 PM
 
2,645 posts, read 3,802,338 times
Reputation: 2214
Quote:
Originally Posted by HarperQuinn View Post
I agree.

$75K after taxes, 401K (10%) is approx. $3600 a month.
Unlimited Metro - 30 days $116.50
Rent - Studio/1Bedroom $1200.00-$1600
Food - $200.00 month
Utilities - (Cable, Phone, Internet, Gas, Electric) $300.00

Balance is $1783-$1383 for the month.

For a single person? That's comfortable enough.
You forgot about student loans which a lot of young people would have...

Not to say that one can't live on that amount but there are other bill that need to be paid on top of the basics.
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Old 05-25-2016, 06:19 PM
 
5,921 posts, read 5,897,444 times
Reputation: 7068
Quote:
Originally Posted by Miss J 74 View Post
But wah, I can't go to brunch every weekend, and live among the cool people with that! I need coffee shops and yoga within walking distance! I need to be close to Whole Foods and Trader Joe's! You think I want to commute more than a half hour? Are you nuts? I have to live by the L train or in Manhattan or I won't have any street cred to my friends back home! *sarcasm*

Ha. In a previous job, we barely made above 40K (and I am talking 2013) and my co-worker lived in a studio in Park Slope, alone, and managed to travel to places like Europe. She still went out too.

People are just ridiculously stupid with money sometimes. I grew up low income so I could easily live off of 50K here, even if I was single. It's just a mindset I have and I can be frugal without being cheap. But, to be fair, I wouldn't live in Manhattan because I prefer Brooklyn.

Quote:
Originally Posted by Aquarius37 View Post
The people who can live on small salaries in NYC often have extensive parental allowance money coming in. Let's be real about this. I've seen it in my last 16 years of living in this city. It's actually disgusting how they try to hide it, but at the same time I don't blame them. I just wish they would go away. Can't stand how this city is a huge mecca for the uber privileged. At some point, probably a few weeks from now actually, these super privileged jerk offs are going to realize that they are not wanted here. who knows though...
How small are you talking? I do not know anyone who gets money from their parents and I've lived here all of my life.

The title of this thread is about needing 120K and my husband and I, for the first time ever, broke 120K for combined income last year. Two years before that we weren't even hitting 100K. We have a coop. We have a car. We just got back from Central America. Last year we went to Europe. We try to go out at least once a week, even though we work opposite schedules. I put money in an IRA even though I'm in a private union with a pension and have a lot of money in the bank compared to a lot of other people. Yeah, maybe I can't buy a million dollar home, but I would call that living comfortably, considering I have no debts other than my mortgage.

And since I grew up low income, except for the fact that I don't love living in a small apartment, I feel like I'm living pretty large compared to my parents.
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Old 05-25-2016, 06:35 PM
 
223 posts, read 213,582 times
Reputation: 143
Quote:
Originally Posted by jad2k View Post
You forgot about student loans which a lot of young people would have...

Not to say that one can't live on that amount but there are other bill that need to be paid on top of the basics.
I understand. I just noted the basic bills that EVERYONE has. Stuudent loans eh, some have - some don't - I'm not familiar with them nor do I know the cost of repayments but even if it's $800 a month, the individual would still have $980 (give or take) to pocket. All other bills outside of what would listed would differ person to person due to personal choices. A good 'budgeter' would avoid adding unnecessary bills to have more debt.
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Old 05-25-2016, 07:06 PM
 
Location: Confines of the 101 Precinct
24,130 posts, read 38,189,957 times
Reputation: 10554
Quote:
Originally Posted by HarperQuinn View Post
I understand. I just noted the basic bills that EVERYONE has. Stuudent loans eh, some have - some don't - I'm not familiar with them nor do I know the cost of repayments but even if it's $800 a month, the individual would still have $980 (give or take) to pocket. All other bills outside of what would listed would differ person to person due to personal choices. A good 'budgeter' would avoid adding unnecessary bills to have more debt.
Add health insurance to that, because now it's a requirement, otherwise get penalized at tax time. And health insurance is not cheap. Unless they're fortunate enough to have their company foot all, or some of the bill.
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Old 05-25-2016, 07:16 PM
 
3,700 posts, read 3,175,944 times
Reputation: 2614
quote:
How small are you talking? I do not know anyone who gets money from their parents and I've lived here all of my life.

I'm just bitter lol. People seriously DO though. Obviously it shouldn't be any of my business, but when you see 22 year olds renting 4000 dollar apartments it makes you wonder.
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Old 05-26-2016, 08:23 PM
 
3,327 posts, read 3,759,988 times
Reputation: 2854
Anyone who believes that 120k is the minimum is either ignorant or dumb or a combination of the two.
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