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re: I managed to save $30k

Posted on 1/25/19 at 2:33 pm to
Posted by BornAndRaised_LA
Springfield, VA
Member since Oct 2018
5426 posts
Posted on 1/25/19 at 2:33 pm to
So you were making $45k, which after federal and state taxes, SS, etc results in around $37k take home.

What help did you get it what worms did you eat to save 41% of your take home while setting up a new family and with a kid?
Posted by Desert King
Member since Oct 2018
1936 posts
Posted on 1/25/19 at 2:47 pm to
For all you "no way that was possible" people:

I had gotten my expenses down to around $2000 per month. Everything else was saved. My biggest expense was rent, which was $800 at the time. So the other $1200 was for gas, utilities, food, etc. Rarely ate out, which was a huge money saver. I also did not have car notes. Both my wife and I were driving older vehicles that we owned outright.

We did this for 2 years. It wasn't like it was forever. As our income and net worth grew, so did our living standards. However, we still live well under our means even today. It's not that hard; it's just that people don't want to sacrifice pleasures today for a more secure future. I have little sympathy for them.
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