Comment by codegeek

Sure you can do it. I did it with 40K salary even though a decade ago. If you are single, one possible scenario

- Housing cost: $800-$1200 for shared housing/apartment in queens etc.

- Subway: $110/mo

- Grocery: $400/mo (100/wk average)

- No car (this is huge)

- cell phone/internet: $200/mo

- Entertainment: $200/mo ($50/week)

Total: $1700-$2100 /mo

On a 65K salary, you are looking at income of: $5416/mo gross. $3791/mo net.(30% tax roughly.)

cashflow in = $3791

cashflow out = $2100

You are in good shape.