<prompt> Human: I received an offer for my first big boy job at the ripe age of 22. The pay is 70k base, and year-end bonuses are expected to be about 25 70k 1.25 87.5k. For the last couple years Ive been living in places that cost 600-800, as I am still a student. I was thinking about moving to a place for 1k and commuting in, but realize that if I live downtown then I can walk to work and save 150 or so a month on transportation alone. Also if it has a gym then thats also 80mo savings or something. I dont really mind taking the train, but I want 30 min commute door to door.I have 16k in debt at 4.25 and 5. I was planning on paying about 750mo toward that and then a balloon payment when I get my bonus. There is also a 5k starting bonus and I have about 6k liquid right now and 5k tied up on peer-to-peer lending, which yields about 7.3. I have no income until the start of my job, early April.Current expenseslife style monthly:Food - 350Phone - 30Shopping - 150Dry clean, tailor, etc - 25Im very frugal and the 150 shopping is my main hobby along with going to the gym. I go out to eat once a month, usually. I am probably forgetting other expenses.The default 401k contribution is 6, and they match 3. Insurance is about 75mo for the PPO plan, but I might stick with my moms plan right now. I need to check which is better.So can I afford about 1500 in rent?Thanks for any and all input!!Edit: Also, how does the plan to pay down the 16k debt sound? Any recommendations?  <response>: Yes. 