Keep saving, or move to NYC?
Hey all - hoping for some advice on this dilemma I’ve been thinking about a ton.
I’m 29M currently working in sports, I work for an American firm remotely from Toronto. In terms of finances, I have a pretty good set up at the moment where my bi-weekly take-home is ~$3800 CAD, and I’m able to save $2500 as I’m currently living at home with my parents (super normal in my culture).
As you can imagine, while WFH is great in this regard, I miss out on a ton of the in-office face-to-face conversations. Which, in my opinion are invaluable. I do manage to get down to NYC for a week or so every other month, which goes a long way, but far from what 3x/week in office might mean.
In 2027, I’ll likely have an opportunity to move over to NYC. While the company will factor in cost of living into my salary, my take-home will remain pretty much the same, except in USD. Our office is in midtown Manhattan, and
I’m a little worried that I’ll go from a cushy savings rate, to things being incredibly tight and saving next-to-nothing living in NYC.
This could be more in the life advice realm, but let me know what you think. Any advice, or direction would be greatly appreciated.
Thank you!