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Started By
Message
re: I managed to save $30k
Posted on 1/26/19 at 3:18 am to auggie
Posted on 1/26/19 at 3:18 am to auggie
quote:So tell me.
I know our numbers
quote:What's this got to do with anything? What do ads on TV have to do with the fact that shelter, food, and gas cost money?
You may not even know that there are other ways of doing things, besides what they advertise on TV.
quote:You must still live there if you only spend $1800 a month.
When I was a really young kid, we lived in a shack with no electricity or running water.
quote:Now you're talking about making and spending money instead of how to spend less of it?
By the time I was 16, I was driving Cadillacs and Muscle Cars To school everyday.
I know what can be done with some fricking effort. I've lived it.
You are all over the map here. Maybe literally, too. Are you driving your truck right now while posting?
Posted on 1/26/19 at 3:43 am to Korkstand
I'm not all over the map. It would just take forever to tell you how it's done, if you don't already know.
How we worked the Garden and canned and froze stuff. When I was a kid doing that work, how I hated it, even hated the food, because I hated all of that work.
I hated wearing those same toughskin jeans to school when my friends had much cooler clothes. I hated all of that shite. I had 1 great thing though. My Dad was the coolest man alive. Not just for me, for every damn body.
He was like some kind of coolness guru for some people, and all he ever wore was gas station uniform clothes.
I guess it's all different now though.
On the other stuff, earn as much money as you can, and spend the least of it. Is that hard to figure out?
The most important thing for everybody, is figuring out what you really know and understand, and have the right stuff to go there. and enjoy it. That way, you never have to go to work, but it takes work, determination and luck to get there.
Edit to add: I guess I left out where my Dad, took us from that shack, to being a pretty major oil and car dealer, in just a few years.
When he died we had to have 3 funerals, and a riot broke out at the 1st one, because several people thought that they were his best friend.
Tell us where all of your expenses are, you might get some good advice.
How we worked the Garden and canned and froze stuff. When I was a kid doing that work, how I hated it, even hated the food, because I hated all of that work.
I hated wearing those same toughskin jeans to school when my friends had much cooler clothes. I hated all of that shite. I had 1 great thing though. My Dad was the coolest man alive. Not just for me, for every damn body.
He was like some kind of coolness guru for some people, and all he ever wore was gas station uniform clothes.
I guess it's all different now though.
On the other stuff, earn as much money as you can, and spend the least of it. Is that hard to figure out?
The most important thing for everybody, is figuring out what you really know and understand, and have the right stuff to go there. and enjoy it. That way, you never have to go to work, but it takes work, determination and luck to get there.
Edit to add: I guess I left out where my Dad, took us from that shack, to being a pretty major oil and car dealer, in just a few years.
When he died we had to have 3 funerals, and a riot broke out at the 1st one, because several people thought that they were his best friend.
Tell us where all of your expenses are, you might get some good advice.
This post was edited on 1/26/19 at 4:33 am
Posted on 1/26/19 at 3:59 am to Desert King
Damn what a waste of four years.
This post was edited on 1/29/19 at 3:35 pm
Posted on 1/26/19 at 5:39 am to Desert King
quote:
In an emergency fund over 2 years when I was making only $45k out of college, married and had 1 child. And that was with my wife staying home.
So what’s you “paycheck to paycheck” people’s excuses?
I don't think you're even allowed to post on the OT board if you brag about peasant sums like that.
Posted on 1/26/19 at 5:47 am to Korkstand
"You're a liar! It's IMPOSSIBLE to save that kind of money because my fat wife has to keep up with the Joneses on Fake-book and my snot-nosed kids demand every iCrap in existence. Oh, and we're up to our eyeballs in debt on $50k SUVs and trucks. So I don't believe you! WAAAAAAAAH!"
That's basically the argument from some of you morons.
You people don't get it because you don't want to. It's very possible when you live within your means and stop having to satisfy every single urge to buy garbage you don't need.
Oh, and let me say this. If you don't have AT LEAST a 3 month emergency fund and you live that way, buying new vehicles and trotting off to Disney World whenever the urge strikes, you are an irresponsible person and no one should ever feel sorry for you.
That's basically the argument from some of you morons.
You people don't get it because you don't want to. It's very possible when you live within your means and stop having to satisfy every single urge to buy garbage you don't need.
Oh, and let me say this. If you don't have AT LEAST a 3 month emergency fund and you live that way, buying new vehicles and trotting off to Disney World whenever the urge strikes, you are an irresponsible person and no one should ever feel sorry for you.
This post was edited on 1/26/19 at 5:53 am
Posted on 1/26/19 at 6:06 am to Desert King
Big deference between:
and claiming to support a family on less than $1500 a month. Come on.
quote:
my fat wife has to keep up with the Joneses on Fake-book and my snot-nosed kids demand every iCrap in existence. Oh, and we're up to our eyeballs in debt on $50k SUVs and trucks
and claiming to support a family on less than $1500 a month. Come on.
Posted on 1/26/19 at 6:08 am to Desert King
quote:
In an emergency fund over 2 years when I was making only $45k out of college, married and had 1 child. And that was with my wife staying home.
I bet your family got tired of eating Ramen noodles.
Posted on 1/26/19 at 8:10 am to Desert King
Desert King I think it's totally believable.
Your federal and state income taxes would be nothing (it is for any family under $50k). SS and Medicare would be minimal ($3k). Drive a couple of paid for beaters... Take home would be basically $40k... With $2k/mo in spending, that leaves $16k/yr to save.
Hypothetical $2k/mo expense breakdown...
Rent - $800
Food - $600
Gas - $120
Diapers - $150
Gas/Electric/water - $200
Clothing - $80
Cell phones - $50
Can Insurance - $80
It's tight, but believable. Went $80 over w car insurance.
Edit: Added car insurance per post below. Other suggested items are not necessities. Toiletries is part of the grocery budget. Wife gets hair cut once a year. Husband does a buzz cut. No bday gifts for one another. Limit Christmas gifts.
Your federal and state income taxes would be nothing (it is for any family under $50k). SS and Medicare would be minimal ($3k). Drive a couple of paid for beaters... Take home would be basically $40k... With $2k/mo in spending, that leaves $16k/yr to save.
Hypothetical $2k/mo expense breakdown...
Rent - $800
Food - $600
Gas - $120
Diapers - $150
Gas/Electric/water - $200
Clothing - $80
Cell phones - $50
Can Insurance - $80
It's tight, but believable. Went $80 over w car insurance.
Edit: Added car insurance per post below. Other suggested items are not necessities. Toiletries is part of the grocery budget. Wife gets hair cut once a year. Husband does a buzz cut. No bday gifts for one another. Limit Christmas gifts.
This post was edited on 1/26/19 at 8:28 am
Posted on 1/26/19 at 8:16 am to Desert King
quote:
That's basically the argument from some of you
No, the argument is that you're full of shite. Because you are.
Posted on 1/26/19 at 8:21 am to CivilTiger83
quote:
Hypothetical $2k/mo expense breakdown... Rent - $800 Food - $600 Gas - $120 Diapers - $150 Gas/Electric/water - $200 Clothing - $80 Cell phones - $50
Car insurance, car maintenance, birthday gifts, baby stuff, grooming (hair cuts etc), non food purchases ( toothpaste, shampoo, toilet paper, paper towels, cleaning products)...Christmas...all that adds a few hundred bucks to budget. It’s reasonable to expect any family to be able to put back a few months money over a couple of years..but 30k seems like a bit of embellishment.
Posted on 1/26/19 at 8:24 am to Desert King
quote:
In an emergency fund over 2 years when I was making only $45k out of college, married and had 1 child. And that was with my wife staying home.
So what’s you “paycheck to paycheck” people’s excuses?
Well look at the array of dumbshit comments right after your post and you can see the problem.
Posted on 1/26/19 at 8:26 am to beaverfever
quote:
If you live with your parent for a year or two when you start working it’s possible. I did it and I saved enough for a huge down payment on a house and build up an emergency/savings fund.
Hey I did that too except I bought an engagement ring and paid for a honeymoon with all of it. :doh:
Posted on 1/26/19 at 8:38 am to Dawgfanman
quote:
Car insurance, car maintenance, birthday gifts, baby stuff, grooming (hair cuts etc), non food purchases ( toothpaste, shampoo, toilet paper, paper towels, cleaning products)...Christmas...all that adds a few hundred bucks to budget. It’s reasonable to expect any family to be able to put back a few months money over a couple of years..but 30k seems like a bit of embellishment.
Edited my post to include auto insurance. Even if you add those items you are at maybe $2200/mo, which still leaves a savings of $27.2k... functionally the same thing.
Posted on 1/26/19 at 8:43 am to Desert King
Post a screen shot of your checking account and savings account summaries. I’m not saying it’s a massive sum of money... just that you didn’t do it
This post was edited on 1/26/19 at 8:44 am
Posted on 1/26/19 at 8:46 am to Desert King
Since you're new here, let me warn you (although the down votes are pretty telling already), that your perspective is not welcomed on this board. Personal responsibility, not keeping up with the Joneses, prioritizing expenditures, etc. are not popular.
Instead, you're supposed to feel sorry for the living paycheck to paycheck people, and probably also watch for whatever 'privilege' you may be accused of that day.
In the meantime, keep up the good work!
Instead, you're supposed to feel sorry for the living paycheck to paycheck people, and probably also watch for whatever 'privilege' you may be accused of that day.
In the meantime, keep up the good work!
Posted on 1/26/19 at 8:46 am to CivilTiger83
quote:
Edited my post to include auto insurance. Even if you add those items you are at maybe $2200/mo, which still leaves a savings of $27.2k... functionally the same thing.
It’s possible if no “emergencies” pop up for two years. A car repair or dental issue. I supported a family of 3 on 45k, but that was in 2004 and we didn’t manage to save much of anything. We were never without 5k or so in the bank (not counting retirement) but that is something I’ve maintained since college for emergencies (minimum).
I think the basic thought of families, even with meager incomes, being able to save enough for emergencies is valid. This example seems unreasonable or at a minimum extreme.
Posted on 1/26/19 at 8:55 am to Dawgfanman
Things happen in life,over which you have no control, which make it virtually impossible or at least unrealistic to maintain a stash of cash. Many times, those things may be medical difficulties. I’ve seen a lot of that
among my clients. Personally, I wasn’t fully prepared for the fallout from having a stroke.
Snit happens that puts people in a bad situation, regardless of their efforts to plan for an emergency. Deep down, you guys know that’s true.
among my clients. Personally, I wasn’t fully prepared for the fallout from having a stroke.
Snit happens that puts people in a bad situation, regardless of their efforts to plan for an emergency. Deep down, you guys know that’s true.
Posted on 1/26/19 at 8:57 am to Elleshoe
quote:
Post a screen shot of your checking account and savings account summaries. I’m not saying it’s a massive sum of money... just that you didn’t do it
I just think this so blows the millennials mind (of which I am technically one) that they can't comprehend the possibility that they could have been saving money.
Going out to eat multiple times a week ($500/mo), getting Starbucks or premium coffee multiple times a week ($100/mo), having a car payment ($400/mo), having premium cable and internet ($150/mo), getting iPhones and expensive cell phone plans ($120/mo), buying nice clothes ($400/mo).
This is all standard millennial (and Boomer) spending habits that are the difference between saving $20k/year and not.
This post was edited on 1/26/19 at 8:59 am
Posted on 1/26/19 at 8:59 am to VOR
quote:
Things happen in life,over which you have no control, which make it virtually impossible or at least unrealistic to maintain a stash of cash. Many times, those things may be medical difficulties. I’ve seen a lot of that among my clients. Personally, I wasn’t fully prepared for the fallout from having a stroke. Snit happens that puts people in a bad situation, regardless of their efforts to plan for an emergency. Deep down, you guys know that’s true.
This is true. It’s also obvious that most people never plan for an emergency, despite having the means to do so. Many people consider the need to replace a hot water heater or get new tires “an emergency”..
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