I'm 24, graduated with my Bachelor's in IT in May, and have been working in the field ever since. I live in a rural, low cost of living area, but per this subreddit I've been advised not to spend more than 30% of my after-tax income on rent/utilities. I live with my mom (she's widowed, my brother moved out years ago) and she's thinking of moving and buying a new house (it's huge, 4 bedrooms, she said I could use 2 of them)
I have zero debt to my name. No student loans, no car payment, nothing. I just got a credit card, and am paying it off every month to establish a credit line.
After hours of searching for my own place however, it's nothing but shitholes. I'm wanting to stay in the $600-700 a month rent range and it's garbage. I know, you get what you pay for with a lot of this stuff, but I don't think I'd be happy at the places I'm looking at. Extremely old housing (1950s built) and most don't include any utilities so I'm probably looking at several more hundred dollars to power the place (especially considering I use a lot of electricity with a custom built desktop)
I don't know how long I'm going to be at this job/town, so I obviously am not looking to buy a house right now. I HATE the social stigma of living at home with my mother, but I save SO much fucking money right now. My expenses are literally cell phone ($25 a month) and car insurance (~$125 a month)
I already have an emergency fund, and am about to open a Roth IRA via Vanguard because of all the money I'm saving by living at home. I'm mainly asking you guys, what would you do if you were in my shoes?
Submitted July 15, 2018 at 09:00PM by SativaSammy https://ift.tt/2LfXF3y
