Reply to Middle class professionals: tell me about your finances

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Single, just started earning.

Monthly salary after taxes and maxing 401k: $7000
Rent: $2800
Loans: $2000
Living expenses: $1000
Savings: $1200

Basically, I Expect to save roughly $15k/year in addition to the 401k. Comfortable, but saving for a down payment will take a while.[/quote]

So your salary is around $150-160k as a single person?  I don't think people here would consider you middle class based on the previous posts.  Most likely they will consider you UMC or even wealthy.  :lol: [/quote]

But she has $2000/month in student loans.  I doubt she'll actually be able to save $1200/month because stuff comes up and living expenses of only $1000 seems low (if it includes utilities, phone bill, along with groceries, clothes and going out)[/quote]

[b]And paying a ton in rent. That's a choice. [/quote]

Right.  I'd like to see this $2800 apartment.  [/quote][/b]

You people act like this is an ENORMOUS rent. Have you looked at the rents in Bethesda or even Rockville?  A STUDIO in Flats 8300 is almost $2200 mo NOT incl utilities. I have a 2-bedroom (all family lives out of state-don't want them sleeping in my bed)  in Rockville in a newer building and I'm paying that, plus I had to pay electric/water but it's near the metro. As a single woman, I wanted a building with a concierge and keyed entrances/elevators as I work rotating shifts. I spend $ on rent, not a car or luxuries (If you got a MDU, you only pay about $1400 for the 2-bedroom, but I make over $50k so I don't qualify) And [b]my 2 bedroom is nothing great- no palladium windows or city views or adequate closet space. It's an apt with loud/sloppy neighbors & rooms that my bedroom furniture is too big for & thin walls.[/b] [b]Paying a ton in rent is NOT actually a choice[/b] - [b]I need to be near the Red line & and[/b] [b]I'm just hoping I will be safe.[/b] [b]And with no car, I need to be near a supermarket.[/b] I just got a rent increase of over 4% because although it should be like 2%, the notice I got said building management can raise me according to the "market".  (I didn't get a 4% raise this year). And[b] I don't think Rockville, with its homeless & illegal immigrants is UMC.[/b] (but this is why I am getting experience and then moving out of this area, hopefully before my lease comes up again next year)[/quote]

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