Any advice for moving out for the first time? I’ve just put in some offers on homes, Im a year out of college and I’m excited to move out, but I am just a bit worried about budgeting and worried about potential layoffs (not at BAH anymore). Can anyone provide some reassurance? I know worst case scenario my parents could help me out, but they’ve done so much for me that I don’t want to rely on them when moving out.

like
Posting as :
works at
You are currently posting as works at

In addition to your normal savings, start putting aside the typical 6 months worth of expenses (including mortgage) and leave it alone. This will help with any employment issues you could run into.

Also set aside extra money for unforseen problems like broken appliances or HVAC. Anywhere you can build a cushion do it.

Once you find a place start researching the tradesmen in your area and keep their numbers handy. You'd be surprised how much having a reliable plumber that you trust can save you in the long run.

like

Thanks for the advice! Will do

I’m two years out of college and I just bought a condo. It’s anxiety inducing and I constantly need reassurance too. What I tell myself is that, I’m betting on myself and that I’m following my plan which I feel like is a sound plan. It has been so liberating living on my own and being fully responsible for myself.

My savings reserve took a hit bec of the downpayment and closing but I soft budgeted how to replenish it before the end of this year. I also made sure that I have 6 mo EF that’s not “touch” when I close the condo. I know things doesn’t always go as planned but I’ll figure it out as I go.

Also agreed with Attorney 1- I settled for a smaller home in a great community instead of a house in a “meh” part of town.

I know this is like all over but hope it helps…

like

Thank you!! Homeownership has risks and honestly it’s hard to shake off the feeling of not having as much cash as before but as long as you have a plan and plenty of cushion, I think you should be fine. If job uncertainty worries you, maybe have a year of EF instead of 6 mos. Stuff like that to make you more comfortable making decisions.

like

If you have the time and knowledge or are willing to learn it would be better to buy a house that requires a little work rather than something turn. Buying a cheaper house in need of TLC and elbow grease and putting the work in is the quickest way to build equity.

Don’t go for your turn key dream house unless it’s well within your budget. Get something you can make your dream house or that you can build equity and sell later to get your dream house.

Especially with rates going up the more equity you can build and you can refinance easier later when rates go back down.

like

That’s true! Thanks for that perspective!

like

On paper, everything looks financially sound, Im just worried. I save 10% of my income, donate 10%, 500 in 401K per month and my home is going to be 1600-1800 PM, my take home pay is just over 8,000 PM. I know it sounds insane, but I’ve seen how poor planning can result in issues and my downpayment is taking the majority of my savings reserves, I just need some reassurance.

Thanks. I know that mentally, but subconsciously am thinking of everything that can go wrong.

Related Posts

Hello! Recently laid off. Have 5 years of corporate and campus recruitment. I live in north New Jersey. Open to any hybrid roles in NJ or NYC. Open to any industry!

like

Just got dinged from my dream role at McK and feeling pretty down. I got laid off soon after my wedding in September (low utilization and not a ton of work coming in for Q4) and am having a tough time

likehelpful

I’ve got a really good job. Wasn’t looking to move but a big 4 consulting firm reached out. I received a very generous/life changing offer. I’m so worried about work/life balance if I take this offer. Also worried about layoffs in a year or two when the market gets back to normal. I’ve got an infant and a 5 year old. I know that I can manage my current workload. I don’t want to pass up a great opportunity but I’ve got to be available for my family too!

like

Can a buy side research analyst get fired for underperformance? Are there p&l metrics that make it volatile career choice, similar to PMs?

like

Hey team! So I was laid off from my SDR position about a week ago. A couple months back, I had an offer for a BDR position that I ended up turning down but I really liked and connected with the manager. Is it worth it to reach out? I applied to other positions in the same company. What about reaching out to previous co workers at a different company? Not sure how to navigate this… please help. Also I’m sorry if this is the wrong bowl to post in.

like

Layoff List; Agency, Location, Departments, Number of Layoffs. Post Away.

like

If the layoff is not necessarily to go through performance improvement plan, then is there a standard dashboard look to evaluate ourselves about how close we are at?

likehelpful

Amazon Launch MBA Program - application has been on active on "read" for 2 months. Original timeline, pre-layoffs, offers out November / December. Does anyone have any contacts within the program? Or anything I can do to inquire?

likesmart

At this point in the game it doesn't make a difference where you at everybody is getting laid off at one point or another the only thing I say is try to repair yourself for it if it happens to you

like

I am not sure what to do. My company just had another round of massive layoffs. So far my job was spared. I do got a job offer from a different company but the salary is way lower than what I have now (20,000$ less). Should I choose for financially stability but with a lower salary, or take the risk, keep the higher salary, but have a high chance to loose it as the company isn’t doing great.

likefunny

In Corpus Christi. Solo Practice. Business plummeting. Does TWC pay laid off employees?

like

Got laid off. Have savings to hold me until I find a new position but mostly I'm just embarrassed. Has anyone ever gotten laid off and not told their friends/partner about it? I just don't want people in my circle to know I failed basically.

like

What's a creative to do when they need to leave their current agency, but it seems like every big shop in LA has had layoffs for one reason or another, so no one is hiring? 😫

S&P Global Is it wise to join S&P Global during recession time? Can we consider this company as recession proof. Any history on layoffs in the past ..

S&P Global

Fishes need ur help...my friend s been laid off without notice...any quality analyst jobs please let me know....would be really grateful 2 u all...

Lots of talk about inflation, layoffs, hiring freezes, pay cuts, and stressful job shifts lately. Does anyone have any advice or encouragement to share for those who have been impacted or fear that they will be soon?

Is it safe to join CISCO? I have heard the layoffs happens there yearly.

like

Anyone know Deloitte core business group in Deloitte consulting LLP?

Salary range, business outlook of this group amid layoffs and green card initiation timeline?

Post Photo

My husband and I worked together at the same company for a year in different departments and they laid off 25 employees last week. My husband was one of them. 💔
It was dealt with poorly and severance benefits were bad compared to other companies we are seeing in the media. I’m really struggling to move forward and heal. The priority is for me to support him finding a new job but I just feel sick giving my time and energy to this company when they did this to us. any advice for strength😔

like

How is everyone doing amidst all of the layoffs? The hardest thing about this role is having to lay off employees. 😞

like

More Posts

Question for fathers with grown children. My dad is very much one of those who keeps all negative emotions entirely internal. His sibling just passed away. Should we as his children just show up to support him, or give him space? If we ask he'll say he's fine regardless of how he's actually doing

like

Matching pajama sets that won’t break the bank? (<$100)

like

One year ago this weekend my mother was dying of Covid 2000 miles away from me. On Mother's Day we were told to make a decision to either consent to an invasive surgery that may do nothing or put her on hospice. She died on her own while my siblings and I tried to decide. I need to crawl into a cave this weekend until this holiday passes.

like

Hi Folks,
How long does it take to get offer letter from DI after getting intent letter.

Thanks

like

Too late to apply this upcoming fall if I haven’t taken the gmat? Just started studying and average score on first 3 practice tests is a 720. Don’t have an admissions consultant either.

like

Hi All,

I received Letter of Intent lst week… by when can i expect the offer letter?
And can we join even if BGV not completed?

like

I’ve been working on joining the 225 club for a little over a year. 50ish guy weighing 205 here. Got to 215 today doing 1rm, but my trainer didn’t want me to attempt it (215 was definitely a struggle). Will try again next month. Any tips on how to train for a bit of improvement?

likeuplifting

What’s a React/Angular.js freelance rate these days?

In what types of instances will an offer be rescinded due to conflicts?

like

Any HBS admits have submitted financial application? I’ve a few questions! Thanks in advance!

like

Are there any circumstances in which the giftee would pay to gift tax? I thought no, but I am now hearing there are situations where that would be the case. Can anyone with experience clarify?

like

I’m going in to my second year teaching and I’m seriously so stressed and nervous about it. (Going from gen ed 5th to sped 1st). I can’t sleep because my mind just runs all night. Any advice?

like

I’ve been in Salesforce consulting/delivery management for quite some time now and looking for a change. What are some exits from here?

like

Dear All,

I am working as a Team Manager in customer service, I am looking for a change any lead will be much appreciated

like

Can we refer interns for Mumbai office?

like

Has anybody had or aware of on shore round in KPMG. After two rounds of interview, I will be having this round as well.

like

Anybody have any resources/tools/exercises they can suggest to help with understanding strategy (i.e., high level thinking)? Nowadays a lot of my day-to-day involves strategic thinking and I’m more of a “in the weeds” kind of dude. It’s been challenging to see the bigger picture. Need to start thinking outside the circle and not so much about what’s inside. I’m fact, I want to start thinking that it might not be a circle at all.

like

Are there any additional tax deductions that Partners can claim compared to regular employees? I hear of business owners being able to deduct so many expenses that corporate W2 employees cannot deduct. Since a partner is the owner of a firm, do they get the more expense deductions that regular employees do not get?

like

Hey Amazon employees,
I need your help!
I have successfully passed the online assessment for Cloud Support Engineer and my initial phone screen is tomorrow evening.
What should I expect? How should I prepare?
Thanks In advance!

like
like

Additional Posts in Confession

I think I care more about the body and not the face because we can always turn the lights off.

likefunny

I’m designing some stickers for some consulting/corporate lingo! What do y’all think?
🤓

Post Photo
likefunnyupliftingsmarthelpful

Having kids makes me want to run from consulting and never look back.

like

The mummy and it’s sequels are on HBO max and I’m not ashamed that I’m watching it right now..
Watch party?!?!?!?

like

Kirkland Sauvignon Blanc is the best value in wine. Fight me.

likefunnyhelpful

I wish I was curvy. If I gain weight, they just all go to my face and I look like Jigglypuff, if I try to get toned, I get bulky (while some ladies can pull it off, I can’t). I just have to accept that I’ll always be this flabby shapeless person 😔

like

Maybe I’m biased due to having poor luck, but why is dating so hard? Everyone just wants the next best thing and no one is ever satisfied. One argument and people sprint for the door instead of reconciling as they have “options.”

People on dating apps seem like they’re only on there to validate themselves to feel better when they get “likes” or “swipes,” but will not respond when messaged.

I honestly don’t think true love is a real thing.

like

Everyone is getting engaged or married…where is everyone finding people that love them that much?! I can’t even get a damn date.

likefunnyuplifting

I still think about you 😬

like

Anyone else still like Slipknot? I’m not a mega-fan but Vol 3 is great ngl

like

Does anybody find Sneako hot? Forget if you are for or against his views, just by his appearance do you think he is hot? I feel like he hypes himself too much and tries too hard to be like the Tates. He is a follower not a leader. He doesn’t seem genuine or believe in any word he is saying.

What should I buy from Costco? Also, a long time ago someone here raved about some cookies? Anyone know or remember what it was?

like

So many Fishes in this pond looking for fun. Just put yourself out there and ask.

likeuplifting

I’m 💁‍♀️🐠. Was in a long-term relationship that ended last year and since then I’ve been on an extended celibacy run to work on myself etc. I’m looking to get back into the dating scene. Part of me wants to just get some 🍆 action (to quench the thirst) then start to look seriously. Any advice on dating?

likeuplifting

I'm from a very conservative culture. I'm reluctant to have sex unless my SO and I already perceive each other as life partner (no need to be engaged or married). Would it be very hard for me to date here in the U.S.?

likefunny

Insta is on a roll today 💩

Post Photo
likefunny

Does anyone learn martial arts or participate in group class as an adult? Is it too late or considered odd? I find no one talks to each other in the gym set up.

like

I probably only work about a solid 2 hours a day since COVID

like

How much does a manager at an IB make? Like around what?

like

I haven’t been to a Centurion Lounge in over a year now

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal