Survival Skills

Get a roommate or a really tiny apartment. Move to a cheaper neighborhood or suburb to find less-expensive housing.

Consider living in an apartment that is part of a tax-credit program or undergoing renovation to lock in on good rates.

Live near public transportation for ease of maneuvering the city to cut down on gas costs.

Curb spending. If using a credit card, make sure to pay off more than the minimum every month.

Eat out rarely. Pack lunches and cook dinner at home.

Budget and check the bank account often.

Distinguish between wants and needs and track spending in a diary.

Treat even small monthly contributions to savings accounts - including 401(k) plans and Roth IRAs - as an automatic part of every paycheck.

Build relationships far and wide to get connected in the city and expand future career opportunities.

Source: Kristen Fischer, Kim Andreadis, John Challenger, Forbes.com