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Message
re: 78 % of non-OT members live paycheck to paycheck
Posted on 5/17/18 at 7:11 pm to fishfighter
Posted on 5/17/18 at 7:11 pm to fishfighter
quote:
BIG WRONG.
No. Not big wrong.
quote:
Never touch a retirement fund.
Not what I said. Go re-read.
I was specifically talking about that guy's situation. He is MAXING his 401k. He isn't living paycheck to paycheck.
0
Posted on 5/17/18 at 7:11 pm to hashtag
quote:
what could you survive on monthly if you were completely debt free?
I could do 2k a month without changing my lifestyle and not really saving. If I were to hunker down I could do 1.5 pretty easily.
Posted on 5/17/18 at 7:12 pm to hashtag
quote:
buy a $800 iPhone
Phone companies were smart to switch to the monthly deal. Poor people see $30/month for an iPhone X and jump all over it.
Posted on 5/17/18 at 7:12 pm to 13SaintTiger
quote:
Everyone doesn’t live in Louisiana. Like I said, it’s not a good automatic assumption. Here in TN, $4100 is closer to $65k than 75-80k
A take home of $4100 with married filing jointly in any state in the country is AT LEAST $65k. Federal income tax and FICA taxes alone would bring you to $4100 without any insurance or anything else.
Posted on 5/17/18 at 7:13 pm to Mingo Was His NameO
Does no debt mean my rent is free? That's $2200 right there.
Posted on 5/17/18 at 7:14 pm to hashtag
quote:
Meh, the bigger issue is that people feel entitled to "own" things, go on vacation, eat out, drive nice cars...etc.
What's the point of living if you're not gonna do any of that stuff?
This post was edited on 5/17/18 at 7:15 pm
Posted on 5/17/18 at 7:14 pm to TH03
quote:
Does no debt mean my rent is free? That's $2200 right there.
I included rent. With no rent I could do $500-1k. 500 would suck. 1k wouldn't be bad at all.
Posted on 5/17/18 at 7:15 pm to LNCHBOX
quote:
drive MSRP cars..etc.
quote:
LNCHBOX
quote:
What's the point of living if you're not gonna do any of that stuff?
Checks out for stupid, as usual.
Posted on 5/17/18 at 7:16 pm to Mingo Was His NameO
You got some cheap rent, baw. 
I'd need like $1500-2000 on top of rent.
I'd need like $1500-2000 on top of rent.
Posted on 5/17/18 at 7:16 pm to Mingo Was His NameO
quote:
I included rent. With no rent I could do $500-1k. 500 would suck. 1k wouldn't be bad at all.
I assume that you are single with that number. Hell that wouldn't cover our grocery bill, electricity bill and auto insurance.
Posted on 5/17/18 at 7:17 pm to kywildcatfanone
This may be your worst attempt at getting me ever.
Posted on 5/17/18 at 7:19 pm to hashtag
quote:
For example: what could you survive on monthly if you were completely debt free?
That is the big question.
For us which our biggest expense is insurance. Be it car, house or even more health. 
That cost us a arm and a leg. Health-$1425 a month
House- $2100 per year
Car insurance- $211 a month.
Other insurance-$97
So, just to live, we could get by with around 3K a month.
Posted on 5/17/18 at 7:20 pm to TH03
quote:
You got some cheap rent, baw
2 months free bubba. Comes out to right about $950 a month. You got to hunt those deals and negotiate. I moved into a brand new building for that price right by Northpark.
quote:
I'd need like $1500-2000 on top of rent.
I'm not big on eating out. That shite gets expensive and I eat really clean anyway. That saves me several hundred a month.
Posted on 5/17/18 at 7:21 pm to fishfighter
quote:
Health-$1425 a month
That's what keeps most people from retiring early. I said $2500-3000 assuming that I still had insurance through my employer.
Posted on 5/17/18 at 7:22 pm to Mingo Was His NameO
We wanted a townhouse with a garage and everything. We're right by Northpark though, in the village.
We do maybe once a week or 2, but cable, phone, gas for driving 100-200 miles a day, groceries for 2, car insurance for 2, etc. It adds up.
quote:
I'm not big on eating out. That shite gets expensive and I eat really clean anyway. That saves me several hundred a month.
We do maybe once a week or 2, but cable, phone, gas for driving 100-200 miles a day, groceries for 2, car insurance for 2, etc. It adds up.
This post was edited on 5/17/18 at 7:23 pm
Posted on 5/17/18 at 7:23 pm to TH03
quote:
We do maybe once a week or 2, but cable, phone, gas for driving 100-200 miles a day, groceries for 2, car insurance for 2, etc. It adds up.
If you cut your number in half we'd be close. Of course cable, etc would be the same so let's say 40%, we're still not outrageously far apart.
This post was edited on 5/17/18 at 7:25 pm
Posted on 5/17/18 at 7:29 pm to fallguy_1978
quote:
That's what keeps most people from retiring early. I said $2500-3000 assuming that I still had insurance through my employer.
Yep. Before Obama care, insurance for the wife was around $300 with a 1k deductible. After, is now over $850 a month with a $6200 deductible.
I'm on Medicare and I also have a supplement Plan "F" that is a set fixed price that covers 100% what Medicare don't pay.
Much cheaper then the wife's insurance. Posted on 5/17/18 at 7:31 pm to Will Cover
I thought slavery was over. Obviously not since you are forced to work to eat.
Posted on 5/17/18 at 7:44 pm to Will Cover
I don't think I'd be able to sleep at night if I was living paycheck to paycheck
Posted on 5/17/18 at 7:44 pm to TH03
Yep, combined we are probably around $75k/year before taxes. We have a vehicle note, and only rent right now, but we don't live above our means by any stretch of the imagination. We live pretty comfortably.
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