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re: Recent college grads - is this experience the norm?

Posted on 2/10/20 at 11:10 am to
Posted by BlackPawnMartyr
Houston, TX
Member since Dec 2010
16144 posts
Posted on 2/10/20 at 11:10 am to
quote:

This is in Chicago


Well there you go.


I would concentrate on sucking it up short term and concentrate on moving up in company. In 8 years this will be a great story of grit and perseverance.
Posted by Slingscode
Houston, TX
Member since Sep 2011
2186 posts
Posted on 2/10/20 at 11:14 am to
When I started my first Professional job, I didnt have much. My boss could tell.

So the company loaned me my first months pay.
Posted by BayouBengal
Member since Nov 2003
28288 posts
Posted on 2/10/20 at 11:14 am to
quote:

Apartment and utility deposits are moving expenses... Is his company not counting those?


I wouldn't count them as reimbursable. I would consider things like a U-Haul rental, possible storage, hiring movers, gas (or mileage) from said drive at a minimum. But you've got to ask for extras like house hunting costs, meals while traveling.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40160 posts
Posted on 2/10/20 at 11:15 am to
quote:

Just wondering if some of these issues are potential barriers to folks re-locating for better opportunities.


A lot of companies of decent size will, at a minimum, lend a few thousand dollars if needed for moving expenses, with it being repaid over a year, at no interest.

But hey like everything else in life, the graduates that come from families with money start out in better position than the graduates who don't come from families with money.
Posted by BayouBengal
Member since Nov 2003
28288 posts
Posted on 2/10/20 at 11:18 am to
quote:

A lot of companies of decent size will, at a minimum, lend a few thousand dollars if needed for moving expenses, with it being repaid over a year, at no interest.



I've also heard of the company just paying for it contingent on the employee staying for an agreed upon time like a year.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
52928 posts
Posted on 2/10/20 at 11:19 am to
quote:

is it not commonplace for new graduates to sleep on a mattress and have lawn furniture anymore?

most of my furniture from my first apartment were either from garage sale or hand-me-downs

I had a wire spool for a coffee table, a card table from Target and a hand me down couch from my aunt in my first apartment.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
64811 posts
Posted on 2/10/20 at 11:24 am to
I was reimbursed up to 10k for moving to pittsburgh. But reimbursed is the key word. If you dont have it to start I can see it being an issue.
Posted by TH03
Mogadishu
Member since Dec 2008
171949 posts
Posted on 2/10/20 at 11:25 am to
quote:

Just to reiterate, he nor his dad thought any of this is out of the norm


Well,

quote:

His dad was a high school dropout and doesn't really have much credit history either. Quit school to help work in the family business in a really small town. Not sure he even has a credit card.


His dad has no experience in this.

quote:


I wouldn't count them as reimbursable. I would consider things like a U-Haul rental, possible storage, hiring movers, gas (or mileage) from said drive at a minimum. But you've got to ask for extras like house hunting costs, meals while traveling.


Well this depends on how they give it out. Lump sum or receipts needed for reimbursement.
Posted by GreatLakesTiger24
Member since May 2012
58828 posts
Posted on 2/10/20 at 11:33 am to
quote:

. In 8 years this will be a great story of grit and perseverance.


let’s not get carried away
Posted by BulldogXero
Member since Oct 2011
10185 posts
Posted on 2/10/20 at 11:34 am to
Moving is expensive.
Posted by chinese58
NELA. after 30 years in Dallas.
Member since Jun 2004
33115 posts
Posted on 2/10/20 at 11:34 am to
I took the full sized bed and dresser that I slept on at my parents' place since I was a preschooler. My brother and I shared it until I was in 4th grade. I slept on it through Oct. of 2010. My roommate was already in Dallas, and had bought living room and dinning room furniture. I rented a small U-haul truck to take everything I had. The truck wasn't close to being full. Splitting deposit costs with a roommate made the whole move doable.

When I moved into a place by myself a year later, I bought a big all wood coffee table with a parquet top, and a close to a match rocking chair from a garage sale. I had a big wooden spool as a table, and two folding LSU chairs on my balcony. Bought a friends old dinning room suite when they bought new.

Was in 1984, so none of it was really expensive. By that point, I had quit using credit cards. I had run up a $3000 balance on one credit card, and that much more between five or six others, buying clothes and partying in the first six or seven months out there.
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 2/10/20 at 11:36 am to
quote:

He at citgo Lamont?? 70k is low for mechanical starting salary, well lower half for sure.



No. I forget the name of the company. I had never heard of it when he started the internship. I don't even rememebr the name of the town he's moving to. He just kept referring to it as Chicago. I was telling him about our ancestors that owned a shop in the Loop in the late 1800's, and he said it's a 45 minute drive to downtown from where he'll be.

Posted by philly444
stuck in contraflow
Member since Nov 2008
12138 posts
Posted on 2/10/20 at 12:03 pm to
I had to sleep in a sleeping bag for a few weeks. Got a mattress that I put on the floor shortly after. Was able to get a couch for pretty cheap about two months later. I lived off of boiled pasta with nothing added and ham sandwiches. When I moved I traveled as light as I possibly could. It was like college student living on steroids
Pretty funny looking back at it
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
38821 posts
Posted on 2/10/20 at 12:07 pm to
quote:

For an entry level job? I honestly have never heard of an entry level job coming with a relocation expense.
My company did for an entry level job. But that was only from Baton Rouge to Lafayette though
Posted by PrideofTheSEC
Baton Rouge
Member since Apr 2012
5225 posts
Posted on 2/10/20 at 12:24 pm to
Live at home until you can afford it if possible or

Pay with credit card
Negotiate as part of new job

Posted by OweO
Plaquemine, La
Member since Sep 2009
119955 posts
Posted on 2/10/20 at 12:27 pm to
He didn't save any money from his $15/hr internship?
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 2/10/20 at 12:32 pm to
quote:

He didn't save any money from his $15/hr internship?



He did a little, and I don't know for sure it was $15 per hour. It wasn't much, and for most of that time it was only part time. The last month or so was full time. Plus the last month he was no longer in school and had to rent a room from a friend of a friend.
Posted by tigerinthebueche
Member since Oct 2010
37685 posts
Posted on 2/10/20 at 12:36 pm to
quote:

but his parents didn't try to get him established with credit before now?


fricking boomers.
Posted by tigerinthebueche
Member since Oct 2010
37685 posts
Posted on 2/10/20 at 12:37 pm to
quote:

70k is low for mechanical starting salary, well lower half for sure.



maybe he was in the lower half of his graduating class?
Posted by lsu777
Lake Charles
Member since Jan 2004
36528 posts
Posted on 2/10/20 at 12:46 pm to
quote:

maybe he was in the lower half of his graduating class?



Maybe but if that is the case why the frick would you take a job in Chicago?
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