Trying to live on $500K in Manhattan

We all know that Manhattan is expen$ive- a teeny one-bedroom apartment will average anywhere from $1,900-$3,500/month plus utilities (oh and yes, my dear, that's RENT... not a mortgage!) We do save a lot of money on cars and gas and insurance & repairs by walking or riding the subway. Still, it's definitely not the cheapest place to call home!

That's why (as a Manhattan resident myself) I found THIS ARTICLE in the NY Times really entertaining: "How to live on $500K in New York City." Sure, for most people, a half-mill salary sounds VERY excessive, but this article shows how quickly that money can disappear! (Well, for THIS type of high-rolling socialite lifestyle...)