- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Break it down - your finances
Posted on 4/28/15 at 9:24 am to STLhog
Posted on 4/28/15 at 9:24 am to STLhog
quote:
For those that are in the 28-35 range and have gotten a few of those "raises", do things get more comfortable?
Nope
. There's always something else. Live like you are poor for as long as possible and save up money. I did it for about 3 years. Then I started making good money (I've doubled my salary in less than 5 years and it wasn't too shabby to start with [engineering degree]). I started paying to have my lawn cut, maid, overall more expensive lifestyle. It's totally within my means as I have a lot more money coming in, but it doesn't really feel like it. It goes straight into retirement, etc. Plus, it's damn near impossible to go back to that "poor" mindset I was in 2 years ago. I used to buy my underwear at the dollar store, now I have a hard time not buying the organic spaghetti sauce that's 4 times more expensive .
4
Posted on 4/28/15 at 9:27 am to KG6
Well shite fire.
This post was edited on 4/28/15 at 9:28 am
Posted on 4/28/15 at 9:31 am to KG6
quote:
I used to buy my underwear at the dollar store, now I have a hard time not buying the organic spaghetti sauce that's 4 times more expensive
I did not see this sentence ending this way.
Posted on 4/28/15 at 9:31 am to KG6
You nailed it
I may have some nicer things than I did 5 years ago, but I don't know where all that extra money is. I can put it all on paper and see where it's going but it doesn't seem like our pockets are busting at the seams.
I didn't get serious enough about saving soon enough. Now our savings account grows a lot each month as we are looking forward to a new house in a couple of years.
I may have some nicer things than I did 5 years ago, but I don't know where all that extra money is. I can put it all on paper and see where it's going but it doesn't seem like our pockets are busting at the seams.
I didn't get serious enough about saving soon enough. Now our savings account grows a lot each month as we are looking forward to a new house in a couple of years.
Posted on 4/28/15 at 9:32 am to STLhog
I'll let you know when my wife gets out of school, that'll be the biggest raise I'll get
As of now, I've had a few big raises, but we hardly feel it. I guess we're a bit more comfortable, but until we stop paying tuition and she starts making money it'll keep feeling like we're treading water.
As of now, I've had a few big raises, but we hardly feel it. I guess we're a bit more comfortable, but until we stop paying tuition and she starts making money it'll keep feeling like we're treading water.
Posted on 4/28/15 at 9:32 am to KG6
quote:
I used to buy my underwear at the dollar store, now I have a hard time not buying the organic spaghetti sauce that's 4 times more expensive
that's awesome. I've been trying to fight that lifestyle change as much as possible the past few years as my income has increased as well. Posted on 4/28/15 at 9:38 am to OneMoreTime
OT Answer:
Put it on black
MT Answer:
Two years isn't a long time, but you can at least invest part of it, depending on how much risk you're willing to swallow. For something like a house fund, check out VWELX. Balanced fund with some upside and some downside protection.
Oh yeah, DCA. Don't drop it all in in one fell swoop.
Put it on black
MT Answer:
Two years isn't a long time, but you can at least invest part of it, depending on how much risk you're willing to swallow. For something like a house fund, check out VWELX. Balanced fund with some upside and some downside protection.
Oh yeah, DCA. Don't drop it all in in one fell swoop.
Posted on 4/28/15 at 9:41 am to kennypowers816
Mo money, mo problems.
It's crazy how you adjust to more money or less money. I love hearing people say they are waiting till they are financially ready to have kids. Guess what, you never are. You just adjust accordingly.
I used to weigh every single purchase. I mean I'd have an internal battle over stopping at the gas station for a mtn dew. I don't miss those days at all.
It's crazy how you adjust to more money or less money. I love hearing people say they are waiting till they are financially ready to have kids. Guess what, you never are. You just adjust accordingly.
I used to weigh every single purchase. I mean I'd have an internal battle over stopping at the gas station for a mtn dew. I don't miss those days at all.
Posted on 4/28/15 at 9:46 am to geauxbears08
Age: 26
Gross Monthly Income: $8,166.17
Fixed Costs (Rent, All Bills, Food, etc): 54%
Investments (Roth 401k, Company Stock Purchase): 17%
Savings: 9%
Guilt Free Spending (Cash): 20%
Gross Monthly Income: $8,166.17
Fixed Costs (Rent, All Bills, Food, etc): 54%
Investments (Roth 401k, Company Stock Purchase): 17%
Savings: 9%
Guilt Free Spending (Cash): 20%
This post was edited on 4/28/15 at 9:52 am
Posted on 4/28/15 at 9:50 am to BoogaBear
quote:
I love hearing people say they are waiting till they are financially ready to have kids. Guess what, you never are. You just adjust accordingly.
I don't know if I necessarily agree with that.
I don't have kids yet, but I feel a lot more "financially ready" now than I did a few years ago when I started my career. I'm sure I could have made it work a couple of years ago, but now I feel like I would definitely be OK.
Honestly, I'd still like to even hold off a couple of years for financial and social reasons, but I could handle it if I had to. I'd like to either be in a house or have a significant down payment for a house ready.
Posted on 4/28/15 at 9:52 am to BoogaBear
quote:
Mo money, mo problems. It's crazy how you adjust to more money or less money. I love hearing people say they are waiting till they are financially ready to have kids. Guess what, you never are. You just adjust accordingly. I used to weigh every single purchase. I mean I'd have an internal battle over stopping at the gas station for a mtn dew. I don't miss those days at all.
a little different for us. My wife was told by her OBGYN she'd likely never have kids unless we did hormones/in vitro. after 10 years being married my super sperm overcame the odds, twice.
Being financially stable isn't everything, but it damn sure helps
Posted on 4/28/15 at 9:59 am to kennypowers816
Having the house is the biggest thing about having kids to me. We have the space where we are to have another kid. We've got the flexibility and savings that if a financial emergency happened, we could swing it. We aren't "scraping by" while taking care of a kid (not that there's anything wrong with it). Otherwise, it's not that expensive to have a kid. Not much to get financially "ready" for. Just have the overall feeling that you need to be more prepared and financially responsible in case SHTF. You have a family to take care of now.
Posted on 4/28/15 at 10:05 am to JonaYolles
27, single
**All figures from my personal capital app as of last 30 days.
Gross - $6,667
frickING FED TAXES - $1,025
frickING STATE TAXES - $224
frickING SOCIAL SECURITY - $399
frickING MEDICARE - $94
Insurance (Med/Cancer/Dental) - $240
401(k) - $400
Net - $4,285
Mortgage - $0 (offset by renters)
Truck - $0 Family company owned (insurance as well)
Cell - $0 Family company owned
Groceries - $360
Restaurants - $350
Maid - $280
Fuel - $222
Cable/Internet - $44 (1/4 of household)
Power - $37 (1/4 of household)
Net - $2,992
Miscellaneous bullshite - $1,399
Savings - $1,593
Jesus H. somebody help me.
**All figures from my personal capital app as of last 30 days.
Gross - $6,667
frickING FED TAXES - $1,025
frickING STATE TAXES - $224
frickING SOCIAL SECURITY - $399
frickING MEDICARE - $94
Insurance (Med/Cancer/Dental) - $240
401(k) - $400
Net - $4,285
Mortgage - $0 (offset by renters)
Truck - $0 Family company owned (insurance as well)
Cell - $0 Family company owned
Groceries - $360
Restaurants - $350
Maid - $280
Fuel - $222
Cable/Internet - $44 (1/4 of household)
Power - $37 (1/4 of household)
Net - $2,992
Miscellaneous bullshite - $1,399
Savings - $1,593
Jesus H. somebody help me.
This post was edited on 4/28/15 at 10:07 am
Posted on 4/28/15 at 10:11 am to DirtyMikeandtheBoys
Get rid of your maid or cut her visits down ya a-hole
Posted on 4/28/15 at 10:24 am to DownSouthDave
96k as a CAD tech? damnnnn
Posted on 4/28/15 at 10:25 am to geauxbears08
That's pretty much what I was thinking. Thanks.
Posted on 4/28/15 at 10:25 am to southernelite
Anyone in their early twenties making 50-60k is doing just fine unless you live in a city that is obnoxiously expensive.
I've learned in the past few years that it is all about balance and I am going to enjoy myself within reason if I work my tail off to get somewhere professionally.
I've learned in the past few years that it is all about balance and I am going to enjoy myself within reason if I work my tail off to get somewhere professionally.
This post was edited on 4/28/15 at 5:32 pm
Posted on 4/28/15 at 10:29 am to lynxcat
quote:
Anyone in their early twenties making 50-60k is doing just fine unless you live in a city that is obnoxiously expensive.
I make a good bit less than that and I'm pretty comfortable.
Posted on 4/28/15 at 10:33 am to Delacroix
Actually I guess it's more than that, I was just putting in a 4 week month. It's actually a little over 8750.
I pretty much have the best job in the world. I work 4/10s make a good salary and work in a pretty laid back environment.
I pretty much have the best job in the world. I work 4/10s make a good salary and work in a pretty laid back environment.
Posted on 4/28/15 at 10:37 am to DownSouthDave
thats awesome man, I'm jealous. What type of work to you do?
Page 5 of 18
Popular
Back to top
Follow TigerDroppings for LSU Football News