Hi! First post here, but I’ve been thinking through budgeting and financial choices for a while now.
Some context: I’m about to graduate college, am living month-to-month in a house with a housemate and landlord, and am starting a new (better paying) job in June.
The Problem: I have no issue with the place I’m currently living, but I desperately want to live alone!! Buy furniture, have my own space, all that jazz. However, looking at 1 bedrooms and studios that are renting at twice the price I’m paying now (not including cost of utilities & the initial costs of furnishing) makes the !must save money, must be financially secure! part of my brain go haywire. My higher salary will make apartment rent a possibility, but the possibility of saving that extra income instead is also exciting? less anxiety producing?
Thoughts? Help?: My landlord has asked me what my plans are, which means I have to decide whether to stick out shared housing another year and save up money to move next year, or to move at the end of this summer. I know I’m the only person who can make this decision, but I guess I’m looking for advice on how to approach the thought process. What do you do when you have two conflicting values/narratives about spending in your brain? How do you evaluate which is a priority, when your basic pro-con list turns into a couple evenly balanced bullet points?
Update: I’ve decided to stay in my current place for another year in order to save, focus on getting settled at my new job, and get a cat! I’m sorry I haven’t gotten around to replying to everyone (things have been crazy lately) but I really appreciate everyone’s insights and support! Thinking through this with other voices and support has made this decision a lot easier!