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Started By
Message
1
Posted on 10/2/23 at 9:04 am to Earnest_P
You're not livin' unless you're spendin'! Keepin' up with the Joneses will never stop and is amplified by social media.
Posted on 10/2/23 at 9:04 am to Bdiddy
Yolo
Posted on 10/2/23 at 9:05 am to ReauxlTide222
Prioritize saving.
Trying to max out a 401K, Roth IRA and HSA versus a lavish vacation.
Driving economical vehicles over luxury vehicles.
Cooking at home to save money over eating out three to four times a week. Bringing lunch to work instead of going out to eat.
Things like that are what I consider to be the right thing.
Trying to max out a 401K, Roth IRA and HSA versus a lavish vacation.
Driving economical vehicles over luxury vehicles.
Cooking at home to save money over eating out three to four times a week. Bringing lunch to work instead of going out to eat.
Things like that are what I consider to be the right thing.
This post was edited on 10/2/23 at 9:06 am
Posted on 10/2/23 at 9:06 am to Bdiddy
Cc is over a trillion dollars
Student loans just started again.
Gas is creeping up again and food cost are still high.
Home loans are at 9% and going up
And nobody cares the train is running out of track and it has no breaks except a crash.
Income is not gaining at the rate of inflation.
People have less money and everything is more expensive.
People are still going to live and the CC is funding it.
This is an thing on reddit that if nobody pays the CC company the CC company will close and absolve the debt. It is so stupid it may work but it has to be done on mass #'s or the government will have to enforce payment to stop society collapse.
Student loans just started again.
Gas is creeping up again and food cost are still high.
Home loans are at 9% and going up
And nobody cares the train is running out of track and it has no breaks except a crash.
Income is not gaining at the rate of inflation.
People have less money and everything is more expensive.
People are still going to live and the CC is funding it.
This is an thing on reddit that if nobody pays the CC company the CC company will close and absolve the debt. It is so stupid it may work but it has to be done on mass #'s or the government will have to enforce payment to stop society collapse.
Posted on 10/2/23 at 9:06 am to Dandaman
quote:
This may get downvotes, but I think Covid did a number on people psychologically.
A lot of people also realized they may not need as much money as they thought they did or need to put up with whatever profession they were in and it’s bullshite so scaled down/back creating a big shift.
Posted on 10/2/23 at 9:07 am to msutiger
You’re speaking to the poster child for those things.
But I can absolutely see why someone would say frick it and live it up.
ETA: The trips are a bit much, though. I don’t understand why every little white bitch needs to see Europe.
But I can absolutely see why someone would say frick it and live it up.
ETA: The trips are a bit much, though. I don’t understand why every little white bitch needs to see Europe.
This post was edited on 10/2/23 at 9:12 am
Posted on 10/2/23 at 9:09 am to Bdiddy
quote:read the poli board and you'll be informed there likely isn't a tomorrow
Like There’s No Tomorrow
Posted on 10/2/23 at 9:10 am to ReauxlTide222
quote:
You’re speaking to the poster child for those things.
But I can absolutely see why someone would say frick it and live it up.
Oh I agree. They are banking on the US government bailing them out.
And to be honest, why shouldn’t they? There is a real possibility we are the fools in the end for saving.
We will continue to do what we consider to be the right thing, but I fully expect the government to steal our retirement savings at some point.
Posted on 10/2/23 at 9:11 am to Dandaman
quote:
This may get downvotes, but I think Covid did a number on people psychologically. Even if it caused just momentary fear for the health and safety of you and your family, the reaction from many is YOLO, including taking more time off of work (retiring early, getting an easier job, etc.) and spending on experiences.
Don't see how you could get downvoted for this. Facts.
Posted on 10/2/23 at 9:13 am to msutiger
Luckily my wife was able to stay home the past 2 years with our son, and it also helped immensely with the 2 older girls and after school activities.
It was just too much to handle on one income once inflation shite started kicking in. It's over 300 a week for groceries for a family of 5. We cut back on eating out to maybe twice a month. We cook at home, vehicles paid for, etc. When you're over 1k a month in just food, it's tough.
We had a birthday party for my oldest, 2 hours at a local skate place and pizza/cake for 20. $700.
Thankfully she went back to work and gets her first paycheck this week. Our savings account was dwindling.
It was just too much to handle on one income once inflation shite started kicking in. It's over 300 a week for groceries for a family of 5. We cut back on eating out to maybe twice a month. We cook at home, vehicles paid for, etc. When you're over 1k a month in just food, it's tough.
We had a birthday party for my oldest, 2 hours at a local skate place and pizza/cake for 20. $700.
Thankfully she went back to work and gets her first paycheck this week. Our savings account was dwindling.
Posted on 10/2/23 at 9:13 am to Eighteen
quote:
The above scenarios + social media which amplifies the keeping up with the Jones’ effect x1000 (Taylor Swift tour is a perfect case study for this) and here we are
I do think social media has a huge effect. I think I am pretty grounded, but the friends who post the most on FB are the ones who have retired early and wealthy, and post photos from their trips all over the world. You have to realize that the people who had an average day at work are not as likely to post photos as the ones on a gondola in Italy.
Posted on 10/2/23 at 9:17 am to msutiger
quote:
Trying to max out a 401K, Roth IRA and HSA versus a lavish vacation.
Driving economical vehicles over luxury vehicles.
Cooking at home to save money over eating out three to four times a week. Bringing lunch to work instead of going out to eat.
we generally do the same thing and still got ourselves into some shite with credit cards. It is amazing what a surprise ER visit, a little job insecurity, and surgery will do to your bank account. We are fine but just had to tighten the belt.
Inflation on top of all that has been in a kick in the nuts. $400 used to be our grocery budget and we'd be good. Now we are looking at $600 and that is with a kid that isn't picky.
This post was edited on 10/2/23 at 9:20 am
Posted on 10/2/23 at 9:18 am to Bdiddy
Re: credit card debt. How is this calculated? Even if no one carried a balance I think this number would’ve gone up just due to inflation. My CC debt is higher this year than it was last year and I pay the balance in full monthly. My balance has just gone up because the things I buy with it have gone up.
Posted on 10/2/23 at 9:19 am to msutiger
quote:
Driving economical vehicles
Someone told me once that the cheapest car is the one you have. It’s sort of obvious and not always true. But in my case it has been. Right now we are driving a 2008 station wagon and 1999 pickup. If I’m spending $100k on a vehicle I’m living in it.
Posted on 10/2/23 at 9:22 am to Bdiddy
quote:
I was wired to be so security oriented that I have saved money my entire life, and still cannot fathom blowing money as frivolously as these people
Yeah. But it's disheartening to do this and have the government take 10% of it all in one year (by way of inflation).
Posted on 10/2/23 at 9:22 am to Bdiddy
I think some people want to live like rockstars but not work very hard.
I have learned that if I want to spend money on frivolous things, then I need to work my butt off with my side gigs to afford it.
I have learned that if I want to spend money on frivolous things, then I need to work my butt off with my side gigs to afford it.
Posted on 10/2/23 at 9:23 am to Bdiddy
I’m not saying it’s ok to rack up all kinds of credit card debt and put luxury and leisure ahead of paying bills and taking care of children. However, I also think we’re in a new era where people don’t want to wait until they’re 60 years old to see the world and live life. Who wants to walk the wall of China or sky dive in Switzerland when they’re battling back and knee issues or some other sickness like cancer?
I mean how many people do you know that died with tons of money in the bank and never really experienced shite or left their hometown except maybe to go to Destin or gaitlinburg? I’m all about living within your means, but like the old saying goes “you can’t take it with you when you die”. I know I’m not going to die with a million bucks just sitting in the bank
And before anybody jumps on my case, I have 0 credit card debt and live responsibly. But My fiancé and I make it a point to travel 2-3 times a year. We have good jobs and no kids which makes it easy and I understand that’s not the case for most. We have a mutual goal in life to see as much of the world as we can before we go
I mean how many people do you know that died with tons of money in the bank and never really experienced shite or left their hometown except maybe to go to Destin or gaitlinburg? I’m all about living within your means, but like the old saying goes “you can’t take it with you when you die”. I know I’m not going to die with a million bucks just sitting in the bank
And before anybody jumps on my case, I have 0 credit card debt and live responsibly. But My fiancé and I make it a point to travel 2-3 times a year. We have good jobs and no kids which makes it easy and I understand that’s not the case for most. We have a mutual goal in life to see as much of the world as we can before we go
This post was edited on 10/2/23 at 9:24 am
Posted on 10/2/23 at 9:24 am to pelicansfan123
quote:
I think some people want to live like rockstars but not work very hard.
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