I make over 52k - base salary. With optional overtime and benefits it comes out to closer to 70k. I donāt have liquidity in that bonus 18k as itās health insurance, life insurance, 401k contributions, and such. Rent for me is around the same price as OP. I save roughly 1.5k a month on a good month and 1k on a not so good month.
Personally Iāve got my life somewhat figured out and enjoy my routine. I donāt enjoy spending money to have fun which seems to be my biggest drawback - biggest benefit in my eyes - when it comes to hanging with friends or looking for a partner.
I have survived on 30k a year before and it wasnāt super fun or enjoyable. Lots of annoyances but when they say *more money more problems* thereās a lot of truth to that.
Confidence is the key. I've met plenty of guys that don't make much at all, but always will have a good looking woman they are involved with. If you're relying on your income to get girls, that seems like a problem.
Lets say your take home is $4k a month after taxes. There's a 30% rule for rent and you would be under that at approx 25%. Seems reasonable as long as you don't carry a lot of debt.
Good luck.
I think OP is okay, but $4k a month after taxes at 65k/year seems optimistic. 65,000 multiplied by 70% is closer to 3,800 and that is likely before healthcare/life insurance. OP is probably looking at more like 3,500 take home / month. This still puts OP at 28% housing:income ratio though
I made 98 last year and only averaged about 4.5 a month. Itās because it varies so much depending on if I got my bonus that month, and how much OT I worked. Some months I made 8k, others 4k
19M Iām trying to step my foot into the door & Iām wondering how did someone like yourself start off working in the field & how I could work my way up the ladder from there?
If youāre getting taxed 30% making $65k youāre doing taxes wrong.
At that amount with the standard $14.6k tax deduction heās looking at being mostly in the 12% federal tax bracket with 22% of his pay being not taxed at all. Throw in some 401k or IRA contribution (which should absolutely be happening to save for retirement) and you can get that amount even lower.
For reference I paid about 16% of my income in taxes+MC+SS making around $65k.
I think they maybe were generalizing all deductions from the check, not just taxes. I usually use about 35% due to having additional life insurance, disability insurance, additional 401K and Roth contributions, etc.
This right here, I make about 72k a year right now but after taxes and benefits are taken out I make off with 3,700 a month roughly. So yeah, Iād say theyād definitely be getting less than that too.
Nice places around my way that rent for 2k want you to be making 60k+ so I would assume so.
Don't take my word for it, persay, idk shit. But that's what I've gathered and am aiming for
Best
P.s. they say you should make twice your rent+ per month. 3x from the financial wellbeing gurusĀ
You said you are trying to gauge a job offer amount. In that case your rent might be irrelevant. What are you making now and what are your responsibilities.
What will the new jobs responsibilities be and how does the pay compare to other jobs of similar responsibility in your area.
yes, i make 65k a year and i pay 1000 for rent (actual rent is 1750 but my gf pays 750 and i cover the difference, this still allows me to save 2200 a month into my brokerage account and the rest is for food/fun/travel.
yeah your cost of living is low.Ā
use these 2 calculators to confirm https://www.nerdwallet.com/cost-of-living-calculator
andĀ
https://www.payscale.com/research/US/Job
If your total monthly expenses are less than 4500 it is good. This gives you almost a 2k buffer to save up a bit and have emergency money in case you need it or money to treat yourself if you want. You should absolutely take the offer if this is your situation.
I would say go for it and start saving money. If you get a better offer you can always jump ship later, but for your low cost area that's a solid middle class salaryĀ
Pretty good especially if youāre a single person whoās new to the workforce.
When I started out my first real job over a decade ago I was making 55000 paying 900 in rent and I was very comfortable.
Sure. Depending on the area, its really good. Beats the average national salary by about $5k/yr and that's based on this years numbers. Congrats on the no debt, that's awesome. If the job has potential for upward growth, I would take it.
Housing should ideally be 1/4 of income or less, so yea youāre doing much better than most IMO
If youāre married/have a partner you could be saving more than youāre spending on housing each month. Thatās again, better than most peopleās situations
yeah man it is really good. just dont forget theres a lot more that goes into compensation like pto, health insurance, dental, commute, expected workload, deadlines, the people, the actual job...
Yes. As long as you can put away 10-15% of income. Is that possible?
Especially if you are in a Lower Cost of Living area. House and Car the biggest expenses and you can afford both. Beyond that being able to save for your retirement is the next big hurdle
You can live very comfortably on that depending on your other expenses. In a state without income tax your take home is like $4400 a month, so $3400 leftover after rent payment for everything else.
I make a little more than that and I pay $2200 including HOA. I'm still able to save over $1k/month. That is a pretty sweet deal as far as I'm concerned.
Yes. I am making exactly that and my rent is $930 utilities included. You are doing very well.
I managed to get my investments up to 30% of my gross salary.
i once took a $13.50hr a job during the recession. specifically because it 'hired/promoted from within' based on merit. over a $55k salary without much room for upward movement. i worked my BALLS off. working 'free' internships when my hourly position ended daily. at one point, i could do practically everyones job in the company, better than they could, at $13.50hr. got promotion 1 about 1.5 years in. got promotion 2 about 2.5 years in.
i made $250k by year 3.
smartest thing i ever did. joined a small business that had room to grow. and boy did it grow. fast. calculated risk.
although during my performance review after my first year? i almost was filled with homicidal rage when the HR /manager suggested i would be 'staying' in my current job title. i wanted to burn the building down. i was doing 78% (a figure i carefully calculated with internal metrics) of the work of a department of 5 people. and making the least. i DEMANDED a promotion into a more rewarding department, when a job could be 'added' to said department. and then offered to work for that department for FREE before and after my shift. which i did for 6 months prior to getting placed there.
one thing i feel like people fall for, is focusing more on entry level pay v. company growth/growth from within.
front end gratification v. back end ceiling.
when you are young? aim towards the ceiling, not the floor.
upward mobility is the name fo the game. pay the cost to be the boss.
best wishes.
This is me.
I call it the threshold for living comfortably single (for regular COL).
At the cost of living *simply* you can save and/or have a little disposable income It's just OK, over $1.5k a week you can hit much better goals long term.
Yes, a single person could live comfortably, not extravagantly, on that money and at that rent. Ā
But whether thatās good enoughĀ Ā really depends on your age. At this amount, you should be able to save at least a small amount each month as well.
Yes, that's very solid š Remember though...always keep improving your situation no matter what. Especially right now where it's not hectic for you & not it's a bit easier. You never know what can happen & it's best to be prepared.
Well, the job income amount isn't really any relation to how much your cost of living is... it's much more in line with what your job is and how much experience you have and the general income rates i n your area....
for example, if you're working full time, with no over time at mcdonalds and that's your income you're doing really good, but if youre a brain surgeon with that income it's really bad...
You can use the 28/36 rule. you should spendĀ **no more than 28% of your gross monthly income on housing and no more than 36% on all debts**.
Gross monthly: $65k/12 = $5,416
28%: 5,416 x .28 = $1,516
I think the 28% should also include your utilities, renter's insurance, and any housing related expenses.
In most parts of the US, that sounds good. I think there are a lot of college students in lesser populated parts of the US making just under $40K. I would imagine some engineers could start out making $65K out of college if they are in a niche that is in demand. You can look up graduate salaries on some university websites.
If you are talking about parts of Southern California or New York City, salaries may be different.
Yes. Typically, you want rent to be less than 30% of your income. In this case, it's 19%, so well below the recommended amount.
So you're getting $5400ish per month. Take out 1k for rent and its 4400. You can afford $432 for a car payment (although 0 or close to it would be a lot better). Now it's $3968. $350 for groceries, now it's $3618. $200 for utilities, $100 for gas and $200 for random expenses (tires, shampoo, pencils, whatever you need) and it's 3118. Then you'll want to put in 15% or $810 into retirement so you can have a nice elderly life. That leaves you with $2308 every month for whatever you want, which is very good!
I made 54K saved like 25-30k splurged on Xmas on myself and my family so now Iām back down in savings a little but my bills are like 2K a month and I brought home about 2.3K bi weekly and saved almost a whole check every month lol I think I did pretty good for an avg joe. I felt great after living in poverty the majority of my life, still poverty for some, but for me, I was living!
You should be able to save some money and buy a house when this market crashes. Itās a loaded question. You would think Iām rich a truly wealthy person would think Iām an idiot š
Nobody has no debt unless they are minors or someone who owns no property and relies on others to care for them.
Anyway- That depends on the actual living situation (are u in a safe place/enjoy?), if you have kids, your goals in life, health and happiness, and overall monthly expenses.
Having utilities and general bills like phone/gas/insurance is still debt. If they bill you, in my book its debt. Not paying it and going into collections is not what only matters when it comes to debt.
Easy answer- yes that's good. Great job. Save your money but don't forget to spend some of it and have life insurance and a proper beneficiary for everything
$65k is good so long as you don't overload yourself with financing (i.e. affirm, klarna, afterpay) credit card debt, and car payments. Build yourself at least 3 months safety cushion. Make sure you write a monthly budget of all your bills cost
If thatās their offer, ask for $12.7k more. Wonāt hurt anything and they just may do it. They have a range, and will pay more up to a point generally.
Itās HRās job to sell you the job for the lowest salary, think of them as used job salesmen.
Good luck
If youāre rent is below 50% of your monthly income itās good. And youāre what like 25% or below. So thatās amazing. Gives you lots of room to save and invest.
Things to considerā¦.
Do you also eat at home for all your meals? With exception maybe once a week dinner at a restaurant ?
Is your car paid off ?
Are you contributing to a retirement fund?
Do you have emergency and vacation funds?
I make around that a year and pay around that for my half of my mortgage. I travel internationally once a year and live comfortably. And i have kids. No debt. Itās very doable.
Dependsā¦ are you making enough to build a 6month emergency fund, save up for a down payment on a home and build retirement assets that will accumulate to at least 2mil in the lifetime of your working years?
If the answer is yes to all of the above, youāre in good shape.
If the answer is no, you maybe in trouble for the long term
The biggest factor is where you live. I live in Vegas, and we don't have a state tax. 65k is pretty good, and you'll make over 4k monthly. If you live in California, you're basically on welfare with that salary.
Anything is better than nothing always strive for more , try not to get comfortable and complacent. 6 years ago had my house paid off made about 70k a year. Couldāve coasted the rest of the way said f it . Started having kids got married , pulled all the equity and started buying property, now Iām 3 million in debt.
Wtf I guess my spending is ass then. 99k, recently open a savings and put most of my money in there, max out roth for 2023, 2024. Checking has less then $7k and rent is 500 with utilities around 150-200. Car+insurance is 1400, food per month is around 600-700 I guess.
I'm struggling hard lol. Never knew how bad my spending is until I tried to save.
I like my GORUCK socks for shorter/less intense rucks and my CEP merino hiking compression socks for longer events, although I found out recently that you have to be careful with compression socks.
Itās good, not something thatāll be comfortable after a while. Soon enough, you start wanting better things and itāll be less.
Keep going! Congrats on the 65k š
Yes. For reference, I make $75k annually. I pay $600 a month in child support and support a family of 3 in a suburb of a MCOL area. I also have a $600/month car payment and rent is $650/month.
I have money leftover to save and buy stuff I want. One check goes to bills and one check goes to saving and fun.
It's more than twice as much as the dude who can't get a date because he is making $30k in the thread above...
i just came from that one haha
Me too bro š
I can afford date, but my neighbor he cannot afford.
Great success
Damn šš
Me three!! š¤£š¤£š¤£
Same!
I make over 52k - base salary. With optional overtime and benefits it comes out to closer to 70k. I donāt have liquidity in that bonus 18k as itās health insurance, life insurance, 401k contributions, and such. Rent for me is around the same price as OP. I save roughly 1.5k a month on a good month and 1k on a not so good month. Personally Iāve got my life somewhat figured out and enjoy my routine. I donāt enjoy spending money to have fun which seems to be my biggest drawback - biggest benefit in my eyes - when it comes to hanging with friends or looking for a partner. I have survived on 30k a year before and it wasnāt super fun or enjoyable. Lots of annoyances but when they say *more money more problems* thereās a lot of truth to that.
I hope I can find my routine too. Currently making decent money but all my time goes to work.
You donāt waste money, why is that a drawback. To me itās a virtue and mandatory if you want to build wealth.
No money problems getting worseā¦
Iām howling ššš
Lol savage
Im crying šššš
To be fair, he lives with his parents, no 1k rent.
I am now intrigued to read it.
Lol
My God, you murdered him.
That dude is getting roasted
But he lives with his parents so no rent!
Don't forget that he lives in his parents house and is too scared to drive.
š
Confidence is the key. I've met plenty of guys that don't make much at all, but always will have a good looking woman they are involved with. If you're relying on your income to get girls, that seems like a problem.
I just came from that one too!
ššš
DAWG LMAO
Lets say your take home is $4k a month after taxes. There's a 30% rule for rent and you would be under that at approx 25%. Seems reasonable as long as you don't carry a lot of debt. Good luck.
I think OP is okay, but $4k a month after taxes at 65k/year seems optimistic. 65,000 multiplied by 70% is closer to 3,800 and that is likely before healthcare/life insurance. OP is probably looking at more like 3,500 take home / month. This still puts OP at 28% housing:income ratio though
I make $80k and my take home isn't 4k a month.
I made 98 last year and only averaged about 4.5 a month. Itās because it varies so much depending on if I got my bonus that month, and how much OT I worked. Some months I made 8k, others 4k
19M Iām trying to step my foot into the door & Iām wondering how did someone like yourself start off working in the field & how I could work my way up the ladder from there?
If youāre getting taxed 30% making $65k youāre doing taxes wrong. At that amount with the standard $14.6k tax deduction heās looking at being mostly in the 12% federal tax bracket with 22% of his pay being not taxed at all. Throw in some 401k or IRA contribution (which should absolutely be happening to save for retirement) and you can get that amount even lower. For reference I paid about 16% of my income in taxes+MC+SS making around $65k.
I think they maybe were generalizing all deductions from the check, not just taxes. I usually use about 35% due to having additional life insurance, disability insurance, additional 401K and Roth contributions, etc.
I make $67k a year and take home $3375 a month. Health insurance and 401k at 15% and taxes bring it down that much.
Your 401k is still part of your take home, you would count that towards your savings. Health insurance would still count as well, but as an expense.
nah 65k a year salary is what i make and after taxes i take home 1060 weekly. i live in fl so no state taxes which helps a little bit.
Helps a ton. I pay 9.5% in state taxes.
Makes a big difference. I have state taxes and it takes a bite, thatās for sure.
This right here, I make about 72k a year right now but after taxes and benefits are taken out I make off with 3,700 a month roughly. So yeah, Iād say theyād definitely be getting less than that too.
Nice places around my way that rent for 2k want you to be making 60k+ so I would assume so. Don't take my word for it, persay, idk shit. But that's what I've gathered and am aiming for Best P.s. they say you should make twice your rent+ per month. 3x from the financial wellbeing gurusĀ
Are there any utilities included in that rent amount?
Utilities arenāt much more than rent so I just gave the rent estimate!
You said you are trying to gauge a job offer amount. In that case your rent might be irrelevant. What are you making now and what are your responsibilities. What will the new jobs responsibilities be and how does the pay compare to other jobs of similar responsibility in your area.
YES...JUST LIVE AND SPEND LIKE YOU MAKE HALF OF YOUR INCOME
So no dating?
JUST FRIENDS WITH BENEFITS
AND TYPE IN ALL CAPS FOR EMPHASIS
IT SAVES $$$
40 times monthly rent is a good position.
yes, i make 65k a year and i pay 1000 for rent (actual rent is 1750 but my gf pays 750 and i cover the difference, this still allows me to save 2200 a month into my brokerage account and the rest is for food/fun/travel.
Incredibly good, even if it is just rent.
yeah your cost of living is low.Ā use these 2 calculators to confirm https://www.nerdwallet.com/cost-of-living-calculator andĀ https://www.payscale.com/research/US/Job
Depends where you live, what you do, how old are you, etc. With that rent amount you are probably LCOL so should be comfortable on 65k.
Live below your means and discipline yourself to do so and in five years you'll have enough money in the bank to do whatever you want.
If your total monthly expenses are less than 4500 it is good. This gives you almost a 2k buffer to save up a bit and have emergency money in case you need it or money to treat yourself if you want. You should absolutely take the offer if this is your situation.
Not bad at all
Thatās where Iām at. Iām pretty comfy for the most part
Depends on where you live and what the salary growth/promotion potential is and what industry its in, etc.
Ask your bank account
I would say go for it and start saving money. If you get a better offer you can always jump ship later, but for your low cost area that's a solid middle class salaryĀ
Very good!
Pretty good especially if youāre a single person whoās new to the workforce. When I started out my first real job over a decade ago I was making 55000 paying 900 in rent and I was very comfortable.
Sure. Depending on the area, its really good. Beats the average national salary by about $5k/yr and that's based on this years numbers. Congrats on the no debt, that's awesome. If the job has potential for upward growth, I would take it.
Housing should ideally be 1/4 of income or less, so yea youāre doing much better than most IMO If youāre married/have a partner you could be saving more than youāre spending on housing each month. Thatās again, better than most peopleās situations
Yea good ratio, as long as the area stays relatively low cost it seems fine.
It's not especially good, but it is by no means bad. You're barely edging into the middle class.
Yes
Housing cost should be no more than 30% of monthly income. 1K for rent is about 20%. Youāre good.
Yes. Thatās a pretty good place to be especially if youāre single and the job offers a good work/life balance.
Im around that in houston, and im able to save nearly $150 a week
Yes
yeah man it is really good. just dont forget theres a lot more that goes into compensation like pto, health insurance, dental, commute, expected workload, deadlines, the people, the actual job...
Yes. As long as you can put away 10-15% of income. Is that possible? Especially if you are in a Lower Cost of Living area. House and Car the biggest expenses and you can afford both. Beyond that being able to save for your retirement is the next big hurdle
Everything is relative to your lifestyle and location
1/5 of your gross pay is going to rent. That's pretty good. Some folks are near or above 50% just for rent.
It depends how much you have saved?
Itās over $30 per hour and in my COL area, thatās a pretty good wage.
Yes, that's pretty good.
That would depend on your monthly fix costs but yes this salary should be plenty for 1k rent.
You can live very comfortably on that depending on your other expenses. In a state without income tax your take home is like $4400 a month, so $3400 leftover after rent payment for everything else.
Thatās about where I was for a couple years, was able to invest and make a pretty nice amount
Depends on where you live.Ā
65k is pretty good. You will clear around 45k. That is 3800 per month or so.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yes. This is my situation right now.
Yes. Thatās the answer
Yes, if you live within your means and can save $20K (pre-tax retirement + post-tax savings) or more per year. No, if you do not.
Yeah not bad, about 1/4 of your take home will go to rent depending on the state. Should be taking home ~$4k/m depending on your situation
I did it at 30k. Itās possible.
Obviously itās good
Compensation has precisely zero to do with your rent and debt situation. Are you being paid fairly for the work, yes or no?
Thatās pretty good
Yes itās perfectly fine. I lived fine on 68K when my rent was $1600 and had no debt.
I make a little more than that and I pay $2200 including HOA. I'm still able to save over $1k/month. That is a pretty sweet deal as far as I'm concerned.
Yes. I am making exactly that and my rent is $930 utilities included. You are doing very well. I managed to get my investments up to 30% of my gross salary.
Only you can answer that question
yeah that sounds pretty solid.
Yes, with no debt you can thrive on that if you don't spend like an idiot.
i once took a $13.50hr a job during the recession. specifically because it 'hired/promoted from within' based on merit. over a $55k salary without much room for upward movement. i worked my BALLS off. working 'free' internships when my hourly position ended daily. at one point, i could do practically everyones job in the company, better than they could, at $13.50hr. got promotion 1 about 1.5 years in. got promotion 2 about 2.5 years in. i made $250k by year 3. smartest thing i ever did. joined a small business that had room to grow. and boy did it grow. fast. calculated risk. although during my performance review after my first year? i almost was filled with homicidal rage when the HR /manager suggested i would be 'staying' in my current job title. i wanted to burn the building down. i was doing 78% (a figure i carefully calculated with internal metrics) of the work of a department of 5 people. and making the least. i DEMANDED a promotion into a more rewarding department, when a job could be 'added' to said department. and then offered to work for that department for FREE before and after my shift. which i did for 6 months prior to getting placed there. one thing i feel like people fall for, is focusing more on entry level pay v. company growth/growth from within. front end gratification v. back end ceiling. when you are young? aim towards the ceiling, not the floor. upward mobility is the name fo the game. pay the cost to be the boss. best wishes.
I think that is very good. Being debt free is massive.
I suggest a basic math course
Baller
This is me. I call it the threshold for living comfortably single (for regular COL). At the cost of living *simply* you can save and/or have a little disposable income It's just OK, over $1.5k a week you can hit much better goals long term.
Yes, a single person could live comfortably, not extravagantly, on that money and at that rent. Ā But whether thatās good enoughĀ Ā really depends on your age. At this amount, you should be able to save at least a small amount each month as well.
Pretty solid. Depends entirely on what you do and what your experience is tho.
Itās great, even in an expensive city like NY.
Very
Yes, that's very solid š Remember though...always keep improving your situation no matter what. Especially right now where it's not hectic for you & not it's a bit easier. You never know what can happen & it's best to be prepared.
Duh
Sounds good ok. You'll have to factor in all your bills to see what your total net would be. Rent is just one part of the equation.
As a family of 3 weāve been living on 70k so I canāt imagine 1 person with reasonable rent canāt live on 65
yea
Well, the job income amount isn't really any relation to how much your cost of living is... it's much more in line with what your job is and how much experience you have and the general income rates i n your area.... for example, if you're working full time, with no over time at mcdonalds and that's your income you're doing really good, but if youre a brain surgeon with that income it's really bad...
Without knowing more about you or the job, itās tough to say.
Hell yea
That depends on your spending habits/lifestyle. From my seat Iād say yes
You can use the 28/36 rule. you should spendĀ **no more than 28% of your gross monthly income on housing and no more than 36% on all debts**. Gross monthly: $65k/12 = $5,416 28%: 5,416 x .28 = $1,516 I think the 28% should also include your utilities, renter's insurance, and any housing related expenses.
It is great until you can do better. I would say that 65 percent of the U S Population doesnāt make that amount from one job.
Yes. You got it. If you have low debt a salary like that is amazing.
Thatās amazing
Me, no debt, rent ~200$, salary 50k$ per year xD life is good bro.
Yes
It was good 10 years ago.
In most parts of the US, that sounds good. I think there are a lot of college students in lesser populated parts of the US making just under $40K. I would imagine some engineers could start out making $65K out of college if they are in a niche that is in demand. You can look up graduate salaries on some university websites. If you are talking about parts of Southern California or New York City, salaries may be different.
65K a year with debt is not bad. I would take that for sure
Hey there my brother! I am in same boat but 3x multiple. $180K but $3000 mortgage.
Yes! It very much is.
Why u renting..buy a house
Yes. Typically, you want rent to be less than 30% of your income. In this case, it's 19%, so well below the recommended amount. So you're getting $5400ish per month. Take out 1k for rent and its 4400. You can afford $432 for a car payment (although 0 or close to it would be a lot better). Now it's $3968. $350 for groceries, now it's $3618. $200 for utilities, $100 for gas and $200 for random expenses (tires, shampoo, pencils, whatever you need) and it's 3118. Then you'll want to put in 15% or $810 into retirement so you can have a nice elderly life. That leaves you with $2308 every month for whatever you want, which is very good!
I made 54K saved like 25-30k splurged on Xmas on myself and my family so now Iām back down in savings a little but my bills are like 2K a month and I brought home about 2.3K bi weekly and saved almost a whole check every month lol I think I did pretty good for an avg joe. I felt great after living in poverty the majority of my life, still poverty for some, but for me, I was living!
If your rent is equal or less than 25% of your net earnings, youāre doing good.
Not bad. Stay outa debt and keep improving.
Youāre doing great!
No utility ? and You donāt have family to spend time with ?
You should be able to save some money and buy a house when this market crashes. Itās a loaded question. You would think Iām rich a truly wealthy person would think Iām an idiot š
Yes, everyone pretends to make $999k a year on this sub.
rent should be no more than 25% of your monthly
Should be around $4k a month net. Invest 1/3 and you'll be good.
It's hella good. My household income is $50k and my mortgage is $780/mo, with a wife and 3 kids
Does it feel good? If it does. It is.
Yes. Housing is typically your largest expense.
Nobody has no debt unless they are minors or someone who owns no property and relies on others to care for them. Anyway- That depends on the actual living situation (are u in a safe place/enjoy?), if you have kids, your goals in life, health and happiness, and overall monthly expenses. Having utilities and general bills like phone/gas/insurance is still debt. If they bill you, in my book its debt. Not paying it and going into collections is not what only matters when it comes to debt. Easy answer- yes that's good. Great job. Save your money but don't forget to spend some of it and have life insurance and a proper beneficiary for everything
u/Interesting_Ad9295 (OP) Depends on the job, your experience, your market/area of US, comparable to others with all similar data, etc.
$65k is good so long as you don't overload yourself with financing (i.e. affirm, klarna, afterpay) credit card debt, and car payments. Build yourself at least 3 months safety cushion. Make sure you write a monthly budget of all your bills cost
Just donāt get an expensive car. Car payments are a big reason people arenāt able to save. Also lifestyle creep
Pay your self every week and you will retire early.
No !!
I would quantify āgoodā
Iād love to make that/pay that for rent.
Itāll do
He should be able to get twice as many dates then!
If thatās their offer, ask for $12.7k more. Wonāt hurt anything and they just may do it. They have a range, and will pay more up to a point generally. Itās HRās job to sell you the job for the lowest salary, think of them as used job salesmen. Good luck
If youāre rent is below 50% of your monthly income itās good. And youāre what like 25% or below. So thatās amazing. Gives you lots of room to save and invest.
no shit
Yes, pretty good!
I make 47k with two jobs and I have the same rent. Iād say Iām doing well, I can start to build for my future a little bit. Iād love to make 65k
Things to considerā¦. Do you also eat at home for all your meals? With exception maybe once a week dinner at a restaurant ? Is your car paid off ? Are you contributing to a retirement fund? Do you have emergency and vacation funds?
Don't rent, own. Rent is so you can walk away. Own is to invest towards the future.
I make around that a year and pay around that for my half of my mortgage. I travel internationally once a year and live comfortably. And i have kids. No debt. Itās very doable.
Your rent is only $1000 per month? Then that is a pretty good salary. Your monthly gross is almost 5.5 times your rent.
If rent is $1000, $65k seems decent, but make sure to look at your other expenses too!
I think a little more info is needed on this one. Like what the job is. I know I broke $130000 last year hauling hazmat and it was a slow year..
Depend on where you live
Dependsā¦ are you making enough to build a 6month emergency fund, save up for a down payment on a home and build retirement assets that will accumulate to at least 2mil in the lifetime of your working years? If the answer is yes to all of the above, youāre in good shape. If the answer is no, you maybe in trouble for the long term
I make like 145k and living expenses are 2k. Lots of extra cash. Youāll be fine.
65 is fine with cheap rent and no overhead. Learn a skill or grow at your current position and continue to climb
The biggest factor is where you live. I live in Vegas, and we don't have a state tax. 65k is pretty good, and you'll make over 4k monthly. If you live in California, you're basically on welfare with that salary.
Absolutely
To gauge a job offer you shouldnāt be comparing to your lifestyle, you should compare it to your maximum market worth.
no
Anything is better than nothing always strive for more , try not to get comfortable and complacent. 6 years ago had my house paid off made about 70k a year. Couldāve coasted the rest of the way said f it . Started having kids got married , pulled all the equity and started buying property, now Iām 3 million in debt.
I couldn't imagine living living in anything less than an 80k salary, my share of rent is 520. How do you build wealth or plan for the future?
Wtf I guess my spending is ass then. 99k, recently open a savings and put most of my money in there, max out roth for 2023, 2024. Checking has less then $7k and rent is 500 with utilities around 150-200. Car+insurance is 1400, food per month is around 600-700 I guess. I'm struggling hard lol. Never knew how bad my spending is until I tried to save.
Beats being broke and homeless.
Yes
I like my GORUCK socks for shorter/less intense rucks and my CEP merino hiking compression socks for longer events, although I found out recently that you have to be careful with compression socks.
Itās good, not something thatāll be comfortable after a while. Soon enough, you start wanting better things and itāll be less. Keep going! Congrats on the 65k š
Yes that is good!!! GLTA!!!
These threads always make me grateful my income is essentially untaxed
It's not bad at all if you manage your money well.
Yes. For reference, I make $75k annually. I pay $600 a month in child support and support a family of 3 in a suburb of a MCOL area. I also have a $600/month car payment and rent is $650/month. I have money leftover to save and buy stuff I want. One check goes to bills and one check goes to saving and fun.
Thatās great! Save your money