I know this topic has been discussed to death but I am 50/50 on a decision I need to make.
25 year old male where my lease ends in August and the apartment I live in now is sort of a dump. I am looking at more premium apartments since I tend to be a homebody and when I do go out, I like hosting.
I currently make $55K/year which comes out to about $1543/bi-weekly net. $3,343/monthly. I have a review Monday and normally get a $5-10K bonus with a minimum 5% raise. Job security is pretty much guaranteed and I really enjoy my position.
I recently paid off all my debt. Student loans, credit, and bought off my car at 64K miles. I did this and still have $15K in savings while maxing out two Roth IRAs (one company matched, one Vanguard). I always keep an account for $10K as an emergency fund, with the extra $5K being comfort money for any large sums that may come up I don't consider an emergency.
I am looking at a premium apartment at $1500/month with ALL amenities included. Free internet, cable, heat, electricity, and gym. This would also decrease my commute by 30-40%. Is this a crazy thought or should I temper my expectations of living conditions?
Submitted April 21, 2019 at 11:31AM by panda_bro http://bit.ly/2GAMpvO
