Our largest expense is rent. The number ($850/person) is a true horror to behold, especially since not 2 years ago I used to spend only $500/month when I had more roommates. Meanwhile, my income is holding steady at $45k gross, which yields a little over $33k net (after federal and state taxes and a meager 3% 401k contribution), so I'm not getting any richer with this setup. We live in a 2-bedroom apartment now, when all we really need is less than or equal to 1 bedroom, so I perused craigslist with visions of a relatively inexpensive studio apartment in or near the city. I couldn't find anything at a reasonable price point that didn't require 2 additional roommates, or a 30 minute trip by car. Turns out our insanely expensive unit is actually quite a steal in this part of town. Until I can live the dream in a Tiny Tumbleweed house, looks like I'll have to make do with this place.
So I moved onward, looking for some other fixed cost to cut, but besides the Netflix subscription we just signed up for (it's winter in MA - I'm sure I'll get my money's worth), I couldn't find anything. Here's a list of things we already do without:
- Car (and therefore, no car insurance, gas, etc.);
- Cable television;
- Cable internet (we use dryloop DSL);
- Landline phone;
- Gym membership; and
- Haircuts, apparently - similarly, I do all my own bodily upkeep, including my nails.
Maybe I'm missing something. Maybe I really do just need more of an influx of cash. Anyone else out there in a similar situation or want to share some "necessities" you do without?