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Old 05-02-2006, 04:08 PM   #5 (permalink)
joemc91
Insane
 
Location: Chicago
$46,000 is more than enough to live on for one person. I'm currently living very comfortably on about $19,000 a year. About the car. For now you may want to consider a used "new" car, that being one that has been traded in after a year or two. It's going to be a heck of a lot less expensive and likely less expensive to insure as well. Mine was purchased for about $7000 (around 1999) and runs great even for an almost 10 year old car.

Food! Probably the best place to save money. Of course pack a lunch. Hopefully everybody at work packs lunch too so it's a socializing environment during lunch. Find the local farmer's market in your area. In St. Louis my roommates and I (3 of us) can get enough fruits and veggies for a week for only $5. Coupons for the local supermarket will certainly save a bit too. Besides being cheaper, this food is much better for you. My roommates and I have been living on less than $500 total in groceries for three of us. This is including shopping at Whole Foods and Trader Joe's a bunch.

For utilities, just try to conserve in general. You'll save a lot of money that way.

All that being said, good luck on your new job!
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