Quote:
Originally Posted by polak
Well then I should be comfortable.
Thanks everyone, this was a little bit of a confidence booster because I was seriously starting to get the impression by talking to some people that to live comfortable independently, you need about 65 K gross. I'm not quite there yet so I was worried.
I am comfortably above 40K though so I should be good?
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Yup - without a doubt. The key will be to have a realistic budget (that isn't very restrictive) and then live to it. When I was making 50k (a few years ago but still to the point it remains a valid comparison) I had no consumer debt, owned a 1-Bdrm Condo in a good neighborhood, a new car, had some "date cash", and was putting good cash into me RRSPs.
Trust me, 50k (for example) is a lot of money, particularly when you're mindful of it.