re: Anyone ever notice that cars driven by poor people have a distinct sound?

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What about people who drive nice cars that they cannot afford?

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Old money people often drive older cars as they aren't trying to show off their money.

Cars need to be more affordable. Most people can't afford a new car especially when you factor in financing and insurance. If we paid everyone as we pay auto workers, this problem would be resolved.

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e's 24. I doubt his kids are very old. If you're spending as much on 3 year olds as you are 24 year olds you're doing it wrong.

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Last time I checked diapers / formula / doctors visits aint cheap.

I could be wrong though. I don't have any kids.

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Last time I checked diapers / formula / doctors visits aint cheap.

I could be wrong though. I don't have any kids.

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I've raised two. Two of those expenses are only for the first year or two. To say it's equal to five single lifestyles is not accurate. You don't pay rent at 5 different places. You don't have 5 vehicles. You don't pay insurance and gas for 5 vehicles. You don't have five utility bills. You don't have 5 comcast bills. And on and on.

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Cars need to be more affordable.

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Cars are very affordable. IMO

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Cars are very affordable. IMO

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Relatively, as long as you're not buying luxury on a middle class budget. Interest rates are incredibly low too.

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I've raised two. Two of those expenses are only for the first year or two. To say it's equal to five single lifestyles is not accurate. You don't pay rent at 5 different places. You don't have 5 vehicles. You don't pay insurance and gas for 5 vehicles. You don't have five utility bills. You don't have 5 comcast bills. And on and on.

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Food scales
Electricity Usage scales
Water Usage scales
Insurance Scales
Gas consumption stays a 2 (for now)
Internet/Cable does not scale
Cell Phones stay at 2 (for now)

So lets throw out some hypothetical approximations:

- Food Bill has to be around 600 a month for 5 people.
- Electricity depending on kW/h if there is someone always home probably runs 120-200 a month.
- Using my employer provided family plan as reference would be ~ 450-500 if you included vision and dental.
- Gas for two people @ 2 week intervals should be right around ~ 140 a month.
- Cell Plan minimum 100 for 2
~ Full Coverage Car insurance for three vehicles are probably right around 300 and im being conservative.

So we are right around 1840 a month not assuming any other debt such as credit cards or another car loan.

Including Water and Sewage he's sitting right around 1900. Not taking assuming any other debt.

Leaving ~1850 leftover for any other items.

Bare bones seems doable.

Not including dumb shite like going out / content subscriptions / etc.

edit: Literally his only saving grace is no house note. In a large city he could expect to see all that savings gone to get a place for a family of 5.

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Relatively, as long as you're not buying luxury on a middle class budget.

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Exactly

A decent car shouldn't really be affordable for someone working minimum wage and 25 hrs/wk.

But their are a plethora of affordable cars out there, especially if you're talking used. Short of crazy circumstances, if you work hard, you can afford a car.

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I've raised two. Two of those expenses are only for the first year or two. To say it's equal to five single lifestyles is not accurate. You don't pay rent at 5 different places. You don't have 5 vehicles. You don't pay insurance and gas for 5 vehicles. You don't have five utility bills. You don't have 5 comcast bills. And on and on.


Food scales
Electricity Usage scales
Water Usage scales
Insurance Scales
Gas consumption stays a 2 (for now)
Internet/Cable does not scale
Cell Phones stay at 2 (for now)

So lets throw out some hypothetical approximations:

- Food Bill has to be around 600 a month for 5 people.
- Electricity depending on kW/h if there is someone always home probably runs 120-200 a month.
- Using my employer provided family plan as reference would be ~ 450-500 if you included vision and dental.
- Gas for two people @ 2 week intervals should be right around ~ 140 a month.
- Cell Plan minimum 100 for 2
~ Full Coverage Car insurance for three vehicles are probably right around 300 and im being conservative.

So we are right around 1840 a month not assuming any other debt such as credit cards or another car loan.

Including Water and Sewage he's sitting right around 1900. Not taking assuming any other debt.

Leaving ~1850 leftover for any other items.

Bare bones seems doable.

Not including dumb shite like going out / content subscriptions / etc.

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And it's still not "poor"

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When I see a poor person car I immediately think they have an android phone

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Fight me!

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And it's still not "poor"

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The only reason it's not poor is no house note.

Otherwise he wont have any substantial savings and no retirement.