Hello,
I'm 24, I make 65K at my current job and I find myself broke all the time. I know that in the next month or two I'll be getting a 5-7% raise, so I'll still be making under 70k. I like the company that I am at. It has a lot of benefits one being the pension plan once you are 5 years vested. For that reason I want to stay five years, I am currently at year 2, unfortunately I just find myself scrambling to save.
This is why I'm broke:
- I live in a big city, my rent is cheap for the city but high for my income $1575. I live by myself.
- I just financed a car for 37k last year, my current balance is 28000 now. I had to buy a car because my other one died.
- I owe 3200 in student debt, I try to make $300 payments a month.
I wonder if it is worth it to stay at my current company until I'm fully vested or am I better off jumping ship to a company that pays at least $80k. I really like my company and the culture. I live 12 minutes away from work, I wfh two days a week and the workload is bearable. We also get 3% salary bonuses for Christmas and vacation payout opportunities in March. I don't party or spend money frivolously. However, biweekly I will spend up to $75 on a nice meal to keep sane. Should I stay? Or should I go.
*I'm also looking for a part time job as I post this.
TLDR: I don't make enough at my job right now, but I will be comfortable in the next 2 years. Should I stay at the company or move on to something that pays more?
original posted by Moneyhungrywalrus to r/personalfinance on Tue, 16 Apr 2024 23:10:03 GMT.