What percentage of your income is that $150? I live with one roommate now because it saves me ~$600/mo in rent. $150/mo for three roommates? Ehhhhhhh.
I make $66k a year. So $150 * 12 = $1800 / $66000 = 2.7% of my income.. Never thought about it this way. Hmm..
But first, what is your savings rate in each scenario? If over 50%, do what you want. If under 25% and the difference is over 10% of income, learn to live with roomies. Just my opinion.
I know I always max roth, HSA, & 401k. So $27,750 /$66000 = 42%. I know I throw money into my individual account a lot (this year was a weird high salary year (made nearly double). Don't expect that to continue).
IMHO, if you're not sure, try whichever one you haven't tried before, just to find out.
I've never lived by myself before! I've always had roommates my entire life (27). Maybe It'll be a good test run to live by myself.
Alright, thank you for the post you guys! I think I'm going to do the 1 bedroom condo. I overanalyze everything I do, so it's good to hear most would pay the extra money to live solo!
So for an extra $5 a day you get to have all the space to yourself.
Good way thinking of it!
But if you are in debt, not saving much, or that $150 is a significant amount for you, then probably best to go with the roomies until you are in a better position. If you are paying utilities with 4 people, remember that they may not be careful about the heat and lights, and that cuts into your savings. And if you are dating, then it's a bit of a buzzkill not to have your own place. Just some random things that could influence the decision.
I just crossed $250k in my fidelity account (woot). No debt. Well, like $2k on my car. But I decided getting a loan at 2.75% in 2014 was better than paying $9k cash for the car and invest the difference (I won on that idea). I am single and ready to make dating a priority... Having roommates would be kind of a buzzkill in the dating department.
I just messaged the guy with the condo available! :) Thanks again you guys!