This as-told-to essay is based on a conversation for our Cost of Living video series with Devonte Duncan, 27, a software engineer living in Brooklyn, New York City. It has been edited for length and clarity.

When I started making six figures, I remember my friends and I would go out to eat, and the first thing I would do was say, “guys, I got it.” I would put my card down and pay for like 10 people.

That can’t be an all-the-time thing anymore. Dropping $300 on a bill every couple of weeks — it starts to add up.

I work as a software engineer, with an annual base salary of $159,000, and I live in Brooklyn, New York City, where I was born and…

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