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re: Cost of Living & Salary Requirements

Posted on 3/7/23 at 2:51 pm to
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 3/7/23 at 2:51 pm to
quote:

my mortgage is just over $5k and my property tax will be triple that. Almost $16k fml



those numbers fit right in in TX, don't have a note anymore but I paid $13k last year, house would probably go for about 7, 7-fiddy
Posted by SidewalkTiger
Midwest, USA
Member since Dec 2019
52473 posts
Posted on 3/7/23 at 2:51 pm to
quote:

Why would anyone want a $500+ car note?





One of the best financial decisions a young person can make is to drive a 10+ year old vehicle that is reliable.

Pay cash for it, insurance is cheaper, parts are cheaper, and it doesn't let you get into the mindset where you need a new car all the time.

I drove a 2005 z71 from high school until I was 27 (two years ago). Saved me a ton.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62885 posts
Posted on 3/7/23 at 2:53 pm to
Why is everyone jumping up OPs arse because of a few dollars worth of disagreement? Big picture this thing.

What I'm reading is if you make 50k/year, you need to live in a trailer or a shack in the country, drive a piece of shite or something modest for under 25k (not easy in today's dollars), no cable, entertainment, savings, or spending money for anything above bills. Quite the American dream for an income that was the national average not long ago.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48929 posts
Posted on 3/7/23 at 2:54 pm to
That looks like the low end
Posted by MyNameIsNobody
Member since Dec 2013
1132 posts
Posted on 3/7/23 at 2:54 pm to
quote:

No way someone making $41k should be paying almost $1500/month for rent or mortgage.


you are right, its only $1340 for a 1 bed apartment...bet those "girls" wanting to share are catfishing

Posted by StringedInstruments
Member since Oct 2013
18367 posts
Posted on 3/7/23 at 2:54 pm to
quote:

When did you buy a house?


2020
Posted by SidewalkTiger
Midwest, USA
Member since Dec 2019
52473 posts
Posted on 3/7/23 at 2:54 pm to
quote:

What I'm reading is if you make 50k/year, you need to live in a trailer or a shack in the country, drive a piece of shite or something modest for under 25k (not easy in today's dollars), no cable, entertainment, savings, or spending money for anything above bills. Quite the American dream for an income that was the national average not long ago.


Depends on where you live and how well you manage money.

As I said, I was making $45k in 2020 and doing fine.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 3/7/23 at 2:55 pm to
My buddies dad just did exactly a 24 hour stay in the hospital for COVID. They gave him some fluids and just watched his breathing before releasing him.


The hospital bill came out to $94K
Posted by Scruffy
Kansas City
Member since Jul 2011
72059 posts
Posted on 3/7/23 at 2:56 pm to
quote:

One of the best financial decisions a young person can make is to drive a 10+ year old vehicle that is reliable.
Drove a 2006 Honda until last summer.

Then bought a Canyon after saving up. Car note is $250.
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 3/7/23 at 2:57 pm to
quote:

Drove a 2006 Honda until last summer.

Then bought a Canyon after saving up. Car note is $250.


bet all of your doc buddies shame you
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62885 posts
Posted on 3/7/23 at 2:58 pm to
You also said you've doubled your income since then. That helps with 2023 costs quite a bit compared to someone still making that much today.
Posted by TimeOutdoors
AK
Member since Sep 2014
12121 posts
Posted on 3/7/23 at 2:59 pm to
Or $525 car payment.
Posted by Loup
Ferriday
Member since Apr 2019
11254 posts
Posted on 3/7/23 at 2:59 pm to
quote:

Why would anyone want a $500+ car note?


I didn't want it but they offered me 0% interest financing. I invested my 25k downpayment and opted to have a 515 dollar note. This is the first time I've spent more than 4k on a vehicle

I plan on driving this vehicle until it falls apart.
This post was edited on 3/7/23 at 3:01 pm
Posted by Scruffy
Kansas City
Member since Jul 2011
72059 posts
Posted on 3/7/23 at 2:59 pm to
quote:

bet all of your doc buddies shame you


Maybe.

Trying to go against the stereotype of “doctors are horrible with money”.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48466 posts
Posted on 3/7/23 at 2:59 pm to
quote:

you are right, its only $1340 for a 1 bed apartment...bet those "girls" wanting to share are catfishing

In Dallas which isn't a cheap place to live. Here's you a 1BR in Topeka for $750.

Apartments.com
Posted by dgnx6
Baton Rouge
Member since Feb 2006
68529 posts
Posted on 3/7/23 at 2:59 pm to
quote:

What I'm reading is if you make 50k/year, you need to live in a trailer or a shack in the country, drive a piece of shite or something modest for under 25k (not easy in today's dollars), no cable, entertainment, savings, or spending money for anything above bills. Quite the American dream for an income that was the national average not long ago.



Because saying you can’t survive making under 50k isn’t accurate at all.

You are complaining about buying a cheaper vehicle. Why the frick do I need an 80k vehicle to drive a few miles everyday? Why? I could get one for 10k that works just as well.




Posted by SidewalkTiger
Midwest, USA
Member since Dec 2019
52473 posts
Posted on 3/7/23 at 3:01 pm to
quote:

Drove a 2006 Honda until last summer.

Then bought a Canyon after saving up. Car note is $250.


My daily driver is a 98 Camry as I drive a ton for work and can actually make money off my mileage with the car

I bought a low mileage 08 z71 in 2020 and a 71 Torino GT this year for a toy.

I'm 29 and only debt is my mortgage.
Posted by SuperOcean
Member since Jun 2022
3192 posts
Posted on 3/7/23 at 3:01 pm to
They can.. If the housing, food, cell, internet and health insurance is subsidized.

Posted by PappaSwolio
tGeneral’s Army
Member since Sep 2022
901 posts
Posted on 3/7/23 at 3:02 pm to
Whut?

I have a $1200 mortgage on a house I bought in 2020.
Car note was $225 before I got a new vehicle
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 3/7/23 at 3:03 pm to
quote:

Trying to go against the stereotype of “doctors are horrible with money”.






my firstborn was born at Lafayette General, a long time ago, the wife's room overlooked the doctor's parking lot, there were four brand new Lambos parked side by side there everyday she was there, you could tell there was a little keeping up with Dr. Jones competition going on
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