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Old 07-16-2009, 03:35 PM
kork13 kork13 is online now
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I'm going through this right now as well... Both of my roommates are in the process of moving, and I'll be staying here for an extra 3-4 months. So my rent, utilities, and food expenses will no longer be shared, growing my monthly expenses by over $700/mo (18% of my gross income).

Thankfully, I've been saving/investing about 32% of my gross every month, so I can absorb the greater expenses without significant impact. I've stopped my regular savings, slowed down my house savings, and am leaving my retirement savings almost untouched. Once I move and get into a smaller, more affordable place on my own, I will be able to go back to my former aggressive savings plan.

Just wanted to give another example -- I've been living on ~68% of my income. With my expenses going up, I'll now be living on ~88% of my income. LIVING ON LESS WORKS. Even with a fairly significant change in my finances, I'm able to cope with it without much issue.
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