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Kejri after watching Radhe
Hi,
I have joined ACTI a month back in Kolkata in L9. I wanted to opt for Company Car Lease policy just to save TAX but finding it too complicated.
I had raised queries to payrole and they have replied with a suggestion to think twice before opting for this benifit.
What do you all suggest, who have already opted for it?Accenture
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My probation was supposed to be of 6 months (i.e until June 2022), but today I received a notification in Workday that I have passed my probation.
How is this possible?
I was planning to resign within probation for 30days notice period. But now this happened. Will this change my notice period to 90days??
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Why don’t people just hold TQQQ instead of QQQ?
Is now a good time to buy a house?
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My company matches 3%. Is that low or on par?
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Imo it’s a bad move financially, but life isn’t all about finances. If it’s worth a lot to you, then move, but don’t do it for financial reasons.
Chief
I wouldn’t say moving from a LCOL city to San Diego with a small pay bump to be a good decision financially, but sometimes moving to an environment that makes us happier and holds more long term opportunity works out well.
If beaches are a must have for your fiancé, then your options are likely all higher cost of living options unless you want to live somewhere like Brownsville TX…. And nobody actually wants to live there.
Not every decision has to be financially motivated. Find a place that makes you happy, and bust your ass to get ahead in the new environment.
Live where you want to live. Not sure if it will even out over time but, most likely, you will find a way to make it work out.
Feels like more of a lifestyle decision. For example if Boise, Idaho is a LCOL city and you’re considering moving from there to LA or NYC, something is driving that decision more than finances. So if you want a bigger city, more cultural, more active or whatever, chase that.
Boise is actually a lot more expensive than people think.
I moved from LCOL to LA on about ~80k. After some time I found a new job I never would’ve been able to get in my LCOL city that significantly increased my salary/TC. But those first several months were very tight budget wise. Even so, I was much happier in my new city.
I would say net win both financially and personally but I was willing to risk it either way. Ultimately you have to decide what matters most to you, how much risk you’re willing to take, etc.
Thanks. I honestly feel like if we make the move we’d be fine, financially. Just have a harder time accumulating wealth. But I don’t think things would be tight and we’d still be able to travel and what not. Just have a much smaller house
Well we did move from HCOL to LCOL Found that even with w/expenses being 30% lower the pay was 50% lower! We lasted 6 months until we moved back to HCOL for a moderate salary increase. 5 years later we've both doubled our salaries, bought propery both here AND back in the LCOL area. We could never be making that money in the other location. Plan is to completely pay off the second home in the LCOL area, and have that be a plan B. I like having options.
Yeah honestly… outside of some consulting firms that don’t have location based pay, the dynamics associated with the “winner take all” cities these days actually mean if you want to be truly “wealthy” it’s much easier to do in certain cities - namely SF and NYC but I’ll throw in LA, Boston, DC, and Seattle for good measure.
Leaving the Bay Area would probably result in an immediate 50% TC reduction for my household and significant reduction in future prospects, which here are somewhat limitless for both me and my husband. Making that move is for us saying we accept we are not going to really “make it” here and never be truly wealthy, which maybe is ok!
Why do you want to move to the city?
Most people in HCOL consider San Diego a more affordable option… I would try it if I were you and see how it goes. It’s not NYC/SF prices there!
I moved from a LCOL to the Bay Area and my take home income after expenses increased dramatically. Obviously each situation is unique, but after moving I have noticed the main expense is rent and the rest you can definitely save money if you're smart.
I definitely would not consider buying a house in the area though so if that is a big factor you may want to rethink.
YOLO - Experience big city for time being, you could always go live in the boonies to save money later
Does the HCOL city fit your lifestyle better? If not, I would stay in the LCOL city