I need to make a quick decision- need to sign the lease today. I make about $5400/month net. I found a 1 bedroom in the city for 1800+200 for parking. All housing expenses considered, I’d be spending 43% of my monthly take home on living expenses. Is this dumb?

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

sadly that rent is on the lower end for DC

likehelpful

Not dumb. That’s about what I make and spend to live alone in Arlington

like

If you can still hit your savings targets, go for it. You’re not gonna get a much better rate living by yourself in DC

like

I don’t think so. My take home is $5000 and I spent $1900 for rent + parking just outside of DC

likefunny

BAH1 chillin in Manassas.

I pay $1850/month for a luxury building, but I live near Black people (I’m Black, being facetious lol) and don’t drive. I bring home the same amount after taxes, and this is not sustainable given I want to retire early. But…Gotta make choices

like

SC1😂😂😂

I did a similar thing when I was starting out in DC. You make it work. Didn’t save as much in my 401K (did 10% vs maxing it out) but that’s life

like

That’s good price. I pay 2100+200 for parking but rent always ends up to be around 2700(dog, sewage, water). DC is decently expensive

like

Yeah that’s really not that bad. I was at about the same range for a while.

like

Low?! Hah you don’t have to live in the newest high rise… literally check out FB Marketplace and find stuff so much cheaper… I mean if you want a single room yeah you will pay that much… wooof 1800 on rent no thanks

It’s in NoMa

like

It’s fine because ideally you wouldn’t be spending much on transportation (metro is garbage, but decent enough for a car-free lifestyle). Do you need the car? That can easily add $500/month even without parking fees.

Not out of the norm OP. My first big kid job netted me 5100/month and I was paying $2350/month all in (UT’s + rent etc). See it was an investment in yourself, insofar as you expect to make more and can promise to yourself that you won’t succumb to lifestyle creep. I own a condo now and I’m still happy I let myself have my own space from the outset.

This is a pretty common % here to spend on housing. Is it dumb? No. But you do have trade offs. That’s a pretty good price for a 1bdrm. One suggestion I have is look into seeing if the address has parking reciprocity. In Noma, it probably doesn’t. But if you can park on the street it would cost you $50 a year instead of $2400…if you drive everyday, maybe the convenience is worth it to garage park. But if all you’re doing is housing your car, that’s a lot you can save.

No. I bringing home 4700 a month a my rent, electric and water is 1900.
I don’t feel a strain.

Related Posts

Has anyone sold shares/options during a tender offer? Tax advisor is quoting 2,500-3k to run tax analysis. Seems steep. Has anyone done this before? Reasonable fee? My tax setup couldn’t be more basic

like

Is it possible to make a million in any sales position? I see so many classes and books on how to be a millionaire by selling. Seems like BS.

likehelpful

Anyone made the transition from NYC to Austin?

I find myself asking why I am in NYC when everything is so damn expensive. Making good money, but limited on savings and quality of life due to the HCOL. Or recs for other cities for that matter.

New to options. Why do you all buy UVXY options and not the ETF itself when u think the market is going to tank? Don’t options present the added complexity of vol and risk of order not filling?

like

Anyone here used their Amex platinum on apps like remitly? I know the exchange rate is slightly lower if we pay by CC/DC but I guess if we make MR points should make up for it?

like

I am 29F and earning 13LPA. I have been working for 4 years of which 3.5 years I had very low pay and close to 0 savings. I have been able to save 6L now.

My investments below:
* Elss funds - 2 (total 1.5L annually)
* Large cap mutual funds - 6 (total 40K sip per month) current portfolio of 4L
* FDs - 2 of 25K each
*Medical insurance - company provided

Can someone advice if this is a good investment plan for future? What can I do better? Do I need another Insurance? Where else to invest?

likehelpful

Anyone buying long TSLA puts?

like

What did you do with 401k from prior company? Did you roll it over to Deloitte?

like

Reposting in case someone out there didn’t see my last one. Looking for a house swap in Manhattan/BK for ours here in Oakland. We have a big 4 bedroom Craftsman, yard, close to all the outdoorsy beaches, redwoods, hiking, Tahoe, Muir Woods etc stuff and SF. The air is finally clearing up. We need a 2 bedroom. Need to come back to NY and see my people. DM if interested.

like

My fiancé and I are first time home buyers (both 28 yo) and would like to know what makes more sense: buying an expensive home or buying a lower cost one. Our combined income is around 400K but since we just began working post school, our savings are only $70K right now (also 30K in student loan debt). We’re buying in a high property tax state where taxes could be 4% (think 12K taxes on 600K home). Should we get a 500K house or get a 800K - 900K (which represents most I’m willing to spend)

likehelpful

Do you save tax by showing HRA even if you have self-owned&occupied property ?
Is it legal to do this ?

like

Decided to take the plunge and sign up for matrimony websites. Are they worth the time, investment and money? Any success stories? I am a guy, if that matters.

funny

529 NY question. I want to setup an account for my daughter. Planning to contribute $10K to maximize the tax deduction as a married couple.
(1) Should my wife and I setup two accounts for our daughter with $5K each? Or ok to setup a single account under one of our names?
(2) Understand $10K is below the annual gift tax but 529 is considered a gift. Is it good practise to document this in some shape/form? Like a one page doc that my wife and I sign stating we gifted to a 529 $10K in 2022.
Thanks

like

Will likely be moving to the city soon and am wondering if there is anything in particular that will increase my chances as I explore housing options. I’ll likely make about 60/70x the rent with no need for a guarantor. Is that something that will set me ahead of the competition?

Secondary prices as MSRP, great…

Post Photo

Base: 5 lakh
HRA: 2 lakh
Max how much I can exempt with HRA while filing ITR?
I live in my own house. I can pay to my parents in the name of rent.
What are the documents I need to produce?

How many of you are involved in share trading/Derivatives Trading apart from your current job? And how are you managing it? What return are you generating?

like

Is it correct that less pf or 1800 pf has more tax?

like

I believe there is McKinsey user in this bowl trying to scam people and teach them about crypto…please be vigilant

likehelpfulfunny

Have 10K to invest. Looking for recommendations if I should put all in or $2k every week. My current portfolio is VFIAX(45%, monthly automated set dollar amount), VTI (30%), and VOO(25%) and thinking to split this 10k in VTI & VOO.

like

More Posts

Hey, Looking for referal for Deloitte Dubai. Any help would appreciated.

like

Does Capgemini approve transfer on marriage ground? have not completed 1 year in the organisation yet...

like

Has anyone transitioned into Equity Research for knows people that have)? Just curious what the work is like coming from FDD background

like

Let's say you work remotely full time in private/group practice. Mental health or Wellness.
What's your maximum client load for a week? 20? 30? ... 10?

like

My Somme friend turned me onto this. He tells me that the Italians have made their first versions of Single Malt and Bourbon.Tonight I try the Single Malt! Great Bottle!!

Post Photo
like

Does BA Continuum provide tea/coffee/snacks in pantry?

like

Anyone else having trouble logging into Coinbase?

like

Looking for suggestions on the best skin care monthly box subscription? Looking to try different brands/ products to understand what suits me..

like
like

How do people stay fit when sitting at the desk 12 hrs a day? I’ve heard people telling me to stand up/walk around/get a coffee but when there’s so much work piling up the motivation is super low

like

Alright fellow writers, probably showing my age but who has carpal tunnel irritation? My mom had surgery on both wrists maybe 20-years ago and, goddamn, mine is killing me.

like

Dear Fishes, I have cleared all rounds of Microsoft interview for technical support engineer role (MDM intune)with only HR round pending. I have overall experience of 8 years and currently drawing 14LPA. What should be my ideal salary expectations from Microsoft for my experience? How does salary negotiation part works in Microsoft discussions ?

like

What is the hike percentage expected with almost always feedback with promotion to senior consultant and without promotion and the bonus percentage tech consulting service line

Please help and guide ... It's urgent

like

What’s the easiest way to move over from federal consulting to a federal job that is of equal or higher rank?

like

It’s been painfully slow this past month in my department (corporate law) and I had low hours throughout the summer. I’ve never refused work and have always sent an email to partners when I had slower months asking for more work. I’m definitely not going to hit my target. Should I be worried? I know I’m not the only one in this position but it’s still nerve wracking. Any advise on how to control your anxiety during those times?

like

Hi guys,
I have work experience of 2.5 years in Infosys at a salary of 4.2 currently working as test engineer.
Skills : python and sql
I want to switch for better paying job and looking for switch in domain,,,,which would be better path.
Should i look for data analyst or developer as for data analyst I have skills but for developer i need to start again.
Career growth and opportunities i guess it is more in developer but analyst wlb is hell . Please suggest which domain i should take ,thank you

like

Cvent Hiring Data Analysts:

Technical Skills Reqd: Solid experience and in-depth knowledge of MS office; specifically, Access, Excel (including pivot tables, analytical functions, and macros), as well as web-based systems such as RFP sourcing tools and Salesforce.
VBA experience is a plus.

Education: Bachelor’s degree, or similar, from accredited college or university. Degree related to hospitality, business, or technology preferred.

DM for referral.

like
like

Everyone! One of my friends company is looking for Product Support Engineer - Fulltime
Experience with Outbound Contact Center and experience in deploying to cloud platforms. Please DM me so that we can discuss some send you JD.

like

Additional Posts in Washington, DC

Is the DC DMV finally open? 👀

like

Looking at an apartment but noticed the management company is charging an HVAC fee ($20 a month). I’ve never in my life seen this, but was wondering it it’s common in other DMV apartments.

like

Anyone have a good source for a golden retriever puppy?

like

Recent college graduate searching for entry-level journalism jobs in DC.

I have two years of writing experience. Any advice would be appreciated.

likesmart

A coworker is going through a tough time and I wanted to surprise him with his favorite snack — apple cider donuts. Problem is, I have no idea where to get them in DC/NOVA — any suggestions?

like

Virginia or Maryland?

like

Running out of socially distant things to do in the DMV in the winter. Any favorite less popular parks/nature spots? Please share suggestions!

like

Me 2 months ago: Finally got Hamilton tickets this year! What could go wrong?

😭😭😭😭😭😭

like

Any tips or advice for Deloitte GPS case interviews?

like

So I got a new contract working remotely. No guarantee it will get renewed come December. However I'm tired of living in DC thinking about renting an air bnb in atl for a lil bit but unsure if I want to give up my apartment I have a 1 bed room den for 2100 900 sq ft which is unheard of. However the wharf area can get dangerous what should I do. Wait it out?

like

Does anyone have a good golf instructor they recommend?

like

Two 1975 tickets for sale at the anthem on Thursday. DM if interested.