this post was submitted on 02 Sep 2023
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The point is not to chill and just burn through the savings and not work. How would having that much money saved, change the way you look for jobs?

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[–] [email protected] 3 points 1 year ago (1 children)

My condolences for your situation but the reality is that it simply isn't a lot of savings.

10K lasting you 2 years is a fantasy. If rent is $500 a month, (which is an overwhelmingly generous estimate in this economy), you're still talking about $500x24 months = $12K. That's ignoring literally all other costs of living like food, transportation, electricity, etc.

I'm single, no dependants, don't need a car to get around, and 10K would still not even last me a year simply because my rent is $1100 a month (and that is considered really good for a 1br in my city)

[–] [email protected] 3 points 1 year ago (1 children)

$1100 for a one bedroom? That would be crazy good where I'm at even for a studio where you've got bullets flying at night. I'd blow through 10K in rent in a few months. Where the hell does OP live that they could survive 2 years? There's no way I'm even in the same country as OP.

[–] [email protected] 2 points 1 year ago

Yeah I'm super lucky. I live in a major city in Ontario. My rent is partially controlled due to provincial laws and my building being a bit old, and I've lived in it for about 5 years.

I'm kinda trapped though since I'd probably be paying double for a unit of the same size elsewhere in the city, and even more if I wanted to get an even slightly larger place, so I have to be happy with what I've got until the housing bubble bursts. I'm not complaining though, the building is well kept and in a very dense and walkable neighborhood with lots of amenities.