Hey guys, I was just wondering what other young(er) professionals on Beyond thought of living in Calgary after university/tradeschool and how they spent their money. I'm graduating in a few weeks and I have an engineering consulting job lined up back in Calgary, the pay is pretty cush and I have the option of moving out right away or living with the rents for a while. So I got a few questions for you guys:
- How long should you live with the parents for? Cause living at home saves a boatload of cash that can be invested.... but then again you're living with your parents. Buying a condo or renting an appartment would mean having to furnish it, which could unncessarily push you into debt if you do it right after graduation.
- How much of your annual salary do you save/invest? Is it a good idea to buy a shitload of stuff off right off the bat cause that's when you need it and don't have much else, or is it a good idea to invest and take advantage of that compound interest down the road?
- Is it a good idea to buy a car right away, or save? If I live at home w/ the parents I can take the express bus to and from downtown (where my job is)... so that could potentially save a lot of $$.
Let's make this the thread for all of beyond's young professonals to share advice and figure this careeer shit out