If I find a job where I make $500 per week, is that enough? Or do I need a roommate? I want to live in a nice area. I don't spend a lot. My student loans are not super high because I paid out of pocket some semester. Thanks guys 🙂
Most Helpful Guy
That's about $25k a year. You probably wouldn't have to pay that many taxes. However, living in a nice area may be a bit above your means.
Make a budget with all of your expected expenses and then you'll know what you can afford. Also, you want to consider whether this job has opportunities for advancement or is likely to be taken away if the stock market goes south. Certainly don't expect to support a kid on this income; for two people that's under the poverty line.1
Most Helpful Girl
Depends on the cost of living where you're planning to live, what type of lifestyle you want, and how you spend money on groceries. You could survive on that, but you may have to make some sacrifices.1