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Old 03-22-2008, 07:32 PM
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Default Living within my means

Hi everyone. I have been parousing this board for the last couple of days. Everyone is so helpful, it's a great resource.

Here's my question...I am single and moving to the city. My salary will be around $100K. I will not have a car, and I am looking at the astoria area to rent an apartment. I am hoping for a 1 bedroom with a rent of about $1500. I have minimal credit card debt, and I would live alone.

Are there unusual hidden costs that I need to know about? I am factoring in increased cost of groceries, increased taxes and entertainment fund.

This is my choice at this point to move to the city or not to take a promotion. Every indication I have at this point is that I want to do it, and i think I would manage just fine on that salary. However, I don't want to overlook anything, and end up really struggling.

Your thoughts are appreciated!
J

Last edited by jennagayle; 03-22-2008 at 08:16 PM..
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Old 03-22-2008, 08:17 PM
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That's about the maximum I would consider spending on rent. Withholdings leave the paycheck net at ~63% of 100,000. Then 100.00 for TV/landline/net. 81.00 for a monthly MTA card. 35.00 or so for electricity; same for stove gas. Even if heat isn't included, there's a nice cushion because the budget isn't being blown on a fancy apt. or location. The rest is money in the bank. It'll allow for plenty of savings.
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Old 03-22-2008, 08:21 PM
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Originally Posted by ctrres View Post
That's about the maximum I would consider spending on rent. It'll allow for plenty of savings. Then 100.00 for TV/landline/net. 81.00 for a monthly MTA card. 35.00 or so for electricity; same for stove gas. Even if heat isn't included, there's a nice cushion because the budget isn't being blown on a fancy apt. or location. The rest is money in the bank.
Great, thank you for the response ct
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Old 03-22-2008, 09:44 PM
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Edited to remove prior quote.
Why must you be mean for no reason? It is obvious she knew the word, she just mis-spelled it.

Last edited by Viralmd; 03-23-2008 at 06:27 AM..
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Old 03-22-2008, 10:22 PM
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i had a boss who made 7 figures a year and couldnt spell for ****.....so lets lay off the grammar policing....
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Old 03-22-2008, 10:23 PM
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You'll do just fine on $100K, especially without a car. You are smart to consider a reasonably-priced area like Astoria.

One hidden cost you may or may not know about is NYC resident income tax, which takes an additional 3% out of your paycheck.

According to this very accurate paycheck calculator, take home in NYC on $100K is about $1200/week, so after rent, you'll have over $3000 a month for other expenses, savings and entertainment.
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Old 03-23-2008, 03:58 AM
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Quote:
Originally Posted by ctrres View Post
35.00 or so for electricity

Why is my electrical bill between $100-$110 each month? I don't even run air conditioning in the summer (which I hear can easily add another $100). Plus, the PSC just granted ConEd an increase of about 4.75%.

Gas is less, but I hardly use the stove -- except for storage.
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Old 03-23-2008, 06:29 AM
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I also think the electricity will be WAY more than $35/month. While not $100/month, I think the $35/month is not realistic. Remember you also have to allow for increased electricity rates (happening soon) and the SUMMER, when A/C makes everyone's electricity bill go into the stratosphere.
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Old 03-23-2008, 07:32 AM
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Quote:
Originally Posted by yellowjasmineo View Post
Edited to remove prior quote.
Why must you be mean for no reason? It is obvious she knew the word, she just mis-spelled it.

Did I mis-spell something?
What did the person say?
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Old 03-23-2008, 07:37 AM
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Quote:
Originally Posted by yellowjasmineo View Post
Edited to remove prior quote.
Why must you be mean for no reason? It is obvious she knew the word, she just mis-spelled it.
Ah, I see it....perusing rather than parousing. Haha, should have used spell checker.

If the person who had pointed it out has the time to spell check a bulletin post, then WOW, they have way more time on their hands than you and me!!

Last edited by jennagayle; 03-23-2008 at 07:47 AM..
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