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re: Married men , could you live by yourself on 35k a year?

Posted on 6/29/16 at 8:43 am to
Posted by Salmon
I helped draft the email
Member since Feb 2008
86176 posts
Posted on 6/29/16 at 8:43 am to
quote:

Where is this magical place? $400 for rent with utilities seems impossible unless you are in section 8 or something


I had a roommate
Posted by LNCHBOX
70448
Member since Jun 2009
89127 posts
Posted on 6/29/16 at 8:43 am to
quote:

The girl in the office next to me owns a house and just recently traveled to Greece and Italy.

She probably makes no more than $45k.

So yes, even with the added "owning a house" stipulation, I think I could.



And I'm sure she has a nice fat credit card bill to go with it.
Posted by HeadyMurphey
Los Santos
Member since Jan 2008
17299 posts
Posted on 6/29/16 at 8:44 am to
quote:

I had a roommate


I guess we have different definitions of what the OP states

quote:

could you live by yourself
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43447 posts
Posted on 6/29/16 at 8:45 am to
Okay OP should change the title to "Can I live in Podunk Louisiana on 35K a year?"
Posted by Salmon
I helped draft the email
Member since Feb 2008
86176 posts
Posted on 6/29/16 at 8:45 am to
quote:

And I'm sure she has a nice fat credit card bill to go with it.


doubt it

She is really cheap and saves. She has a very strict budget. But she likes to travel so she sacrifices on some things to do other things.

Posted by baseballmind1212
Missouri City
Member since Feb 2011
3401 posts
Posted on 6/29/16 at 8:45 am to
It can be done around LSU.

I made 42k last year.
That's 1,600 every two weeks.
~12,000 of that went to LSU. 5,000 in the fall, 4600 in the spring, 2400 for summer.
I would literally take one check, put it in my savings to pay for school, use the other check for living expenses
That doesn't even include books.
Paid 350/month for a less than desirable bdrm in a condo owned by a family member.
200/month for insurance because i bought my car with cash.
200/month for groceries.
utilities split 3 ways totaled about 75/month. We didn't have cable (still don't)
250 for eating out
500 for misc. things like going on nice dates/ drinking until i couldn't spell my own name.

I haven't taken a vacation since i started at LSU in 2013.
I work 40 hours a week during school/60 hours a week during winter and summer break.
In fact if I have any extra money I use it to pay for summer classes.


Going to graduate this spring with 0 student debt, a paid of car, and no CC bills.


ETA: sure I could trade the tuition for mortgage and just take out student loans, but thats dumb. Moving to Dallas once I graduate for a job.
This post was edited on 6/29/16 at 8:48 am
Posted by Sir Drinksalot
Member since Aug 2005
16869 posts
Posted on 6/29/16 at 8:47 am to
That's awesome
Posted by motorbreath
New Orleans Saints fan
Member since Jun 2004
6381 posts
Posted on 6/29/16 at 8:47 am to
quote:

You didn't own a home and save, stipulations clearly made in the OP.


OP said "allow a house" not own a house. Renting a house qualifies. I rent and I save. I put 8% of each check into my 401(k) and my company matches up to 6% on top of that. Plus I always have extra money in the bank. Your math is fuzzy.
Posted by TheDeathValley
Louisiana
Member since Sep 2010
20609 posts
Posted on 6/29/16 at 8:47 am to
quote:

make 140k plus as a household to live comfortable.


Yeah I am leaving the field for a fixed facility at home. I'll take a little bit of a pay cut but still be 100k+ on top of her 43k or whatever she makes as a teacher.

She is petrified we will have money issues. I am befuddled.

I would have to say 50k for me being the "comfortable" pay. In reality, I was making $750 a month as a GA in grad school and survived.
Posted by Hog on the Hill
AR
Member since Jun 2009
13493 posts
Posted on 6/29/16 at 8:48 am to
quote:

$200 savings
$300 play money

lol fail

horrible budgeting and planning
Posted by logjamming
Member since Feb 2014
8313 posts
Posted on 6/29/16 at 8:49 am to
quote:

Enjoy life, not a chance.



This is false. Made about that much, maybe slightly more, while waiting tables for a couple of years. Partied nonstop. Travelled when I wanted to. Took off work when I wanted to. Never had a problem with money--on the off chance it got a little tight towards the end of the month, I'd work an extra shift or two.

$35,000 is plenty for a single guy.
Posted by LNCHBOX
70448
Member since Jun 2009
89127 posts
Posted on 6/29/16 at 8:49 am to
quote:

doubt it

She is really cheap and saves. She has a very strict budget. But she likes to travel so she sacrifices on some things to do other things.


So now we're using people with $10k more salary to make this argument.
Posted by Salmon
I helped draft the email
Member since Feb 2008
86176 posts
Posted on 6/29/16 at 8:49 am to
quote:

I guess we have different definitions of what the OP states


pretty sure the conversation has evolved a bit, but if you and lnch want to keep sticking to that, ok

but I did live for about 6 months by myself on $35k as well with a $900/month rent

lived quite well too
Posted by Salmon
I helped draft the email
Member since Feb 2008
86176 posts
Posted on 6/29/16 at 8:50 am to
quote:

So now we're using people with $10k more salary to make this argument.


ugh

no...just saying that I think I could based off of her, even though she does make more, I think I could do the same, as in own a house and save (sans vacations to Europe)
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43447 posts
Posted on 6/29/16 at 8:50 am to
Were also using things like, family owned condo, etc. make this argument apples to apples.
Posted by LNCHBOX
70448
Member since Jun 2009
89127 posts
Posted on 6/29/16 at 8:51 am to
quote:

lived quite well too
Again, $1100 to cover retirement, and every other thing you need (just needs, not wants) to spend money on is not "quit well." You're arguing just to argue. You know it wasn't great, I know it wasn't great, but damned if you'll just admit it.
Posted by baseballmind1212
Missouri City
Member since Feb 2011
3401 posts
Posted on 6/29/16 at 8:51 am to
Thanks Drinks, believe me there are many nights when I am at work cleaning up after a bunch of idiots at 2:30 AM with a 8:00 Am class the next day. I have some pretty serious look in the mirror moments.

i grew up in a struggling household (mostly due to the fact that my family chose to send us to catholic schools).
I'll be damned if I am going to recreate that situation for myself.
Posted by jack6294
Greater Baton Rouge Area
Member since Jan 2007
4033 posts
Posted on 6/29/16 at 8:52 am to
Can't relate. My wife hates to spend money.
Posted by LNCHBOX
70448
Member since Jun 2009
89127 posts
Posted on 6/29/16 at 8:52 am to
quote:

ugh



That's exactly how I feel.
quote:

no...just saying that I think I could based off of her, even though she does make more, I think I could do the same, as in own a house and save (sans vacations to Europe)





Maybe she gets money from her parents, or has other income you don't know about.
Posted by Salmon
I helped draft the email
Member since Feb 2008
86176 posts
Posted on 6/29/16 at 8:53 am to
quote:

Again, $1100 to cover retirement, and every other thing you need (just needs, not wants) to spend money on is not "quit well."


"quite well" is subjective, no?

I enjoyed life then. I ran a lot. I backpacked a lot. Life was simple.

What is the saying? "mo money, mo problems"?

I have no idea why you think I was just living in misery back then
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