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Started By
Message
re: Millennial baws, how you hanging on?
Posted on 12/21/23 at 9:21 am to WG_Dawg
Posted on 12/21/23 at 9:21 am to WG_Dawg
quote:
Move furhter away from town than where you are, rent a smaller place, get roommates, live at home, wahtever. There are dozens of ways you can avoid spending $1600 a month for a place to live.
You’re admitting without saying it that things have gone really wrong in a way that current older people are mostly protected from due to coming up in better times.
People shouldn’t have to move to the sticks and eat ramen noodles in order to live a decent life with kids and a place to call their own.
I don’t know how much individual young people are to blame for their own problems, because that differs for everyone, but we can’t pretend it’s ALL their fault. That’s just self-serving ignorance.
1
Posted on 12/21/23 at 9:21 am to fareplay
Own a house and 2 cars. Just had a little girl and celebrating my 31st birthday tonight at a sushi restaurant. God is good. 
Posted on 12/21/23 at 9:22 am to fareplay
Grow a pair, have kids, live within your means and you’ll figure it out as you go. Like a man. You think this is the first time America has seen difficult times? That’s just the selfish, self-centered mindset I’d expect from this generation. Pick up your limp wrist off the floor and hold your head high.
This post was edited on 12/21/23 at 9:25 am
Posted on 12/21/23 at 9:23 am to Scruffy
Not accounting for the fact that the list other member gave has no fruit veggie etc, just putting the list on to my cart was $37 (added ground beef). That’s 4 meals at McDonald’s without drinks
This post was edited on 12/21/23 at 9:24 am
Posted on 12/21/23 at 9:23 am to TDsngumbo
Yeah the means for you was a lot nicer relative to ours gramps
Posted on 12/21/23 at 9:24 am to fareplay
Pretty strict budgeting, especially because wife stays home with our first kid and a second one is coming eventually in the future.
We're right at 30% post tax going to PITI which is my max I'm comfortable with.
I will never say it's easy, but if you pay attention to where your money is going it's easy to wrangle if you both buy into the process.
We're right at 30% post tax going to PITI which is my max I'm comfortable with.
I will never say it's easy, but if you pay attention to where your money is going it's easy to wrangle if you both buy into the process.
Posted on 12/21/23 at 9:24 am to LSU1SLU
quote:
get you a good wife.
This.
I’m 43, wife and I are both in 6 figures, which helps right now, but 100K isn't what it use to be. I have a pension and a 401K, she has a 401K and other money in retirement plans. She’s the discipline one with the money. Not much debt, but mortgage, Vehicles, and a few toys. Girl likes her 4wheelers.
I really feel for the age bracket in the OP. This country has crumbled. We’re all paying for it, but plenty are struggling worst than me. My advice for the younger crowd is to live poor, like dirt poor, save your money, start a career, put money into your retirement now. The system is built to hold you back. Be patient and break it.
Posted on 12/21/23 at 9:24 am to fareplay
Blessed to be well paid.
Gotta hold the house of cards up for a couple more years. Then I'm moving to fries, and that's when the big bucks come in
Gotta hold the house of cards up for a couple more years. Then I'm moving to fries, and that's when the big bucks come in
Posted on 12/21/23 at 9:24 am to fareplay
quote:
Average millineal salary by census is 47k
quote:
student loans
If you are making 47K and have student loans you fricked up somewhere along the line. You can make 47K being any sort of non-skilled pair of hands.
Posted on 12/21/23 at 9:25 am to fareplay
Inflation is fricked for a single guy like me: I can barely afford to be single. The entire system is set up for Married couples I think.
Per month
Car insurance: $250 ( never caused an accident 15 years of driving)
Cell phone: $110 iPhone 14 , which I used constantly for work
1 bedroom condo( rent) : $1200+ , keeps increasing
Gas: 150-200 per month
Food: when every meal is $13+ , plus even take out food wants a tip now a days. $600-800 , including eating out and grocery.
Not to mention emergency: like new tires. It’s impossible to save any. You have to make 100k to build up a saving in todays economy.
Thankfully I didn’t have any student loans, but not really embarrassed to say now, I moved in with my folks ( early 30s, single) , if I ever want to save up for the property/ acreage I want to buy before I’m 40.
Rent is much as a mortgage. The cost of good, services , and housing has made younger people slaves to their jobs. And overall I’m happier that I don’t have the financial burden of rent. I would feel trapped.
Per month
Car insurance: $250 ( never caused an accident 15 years of driving)
Cell phone: $110 iPhone 14 , which I used constantly for work
1 bedroom condo( rent) : $1200+ , keeps increasing
Gas: 150-200 per month
Food: when every meal is $13+ , plus even take out food wants a tip now a days. $600-800 , including eating out and grocery.
Not to mention emergency: like new tires. It’s impossible to save any. You have to make 100k to build up a saving in todays economy.
Thankfully I didn’t have any student loans, but not really embarrassed to say now, I moved in with my folks ( early 30s, single) , if I ever want to save up for the property/ acreage I want to buy before I’m 40.
Rent is much as a mortgage. The cost of good, services , and housing has made younger people slaves to their jobs. And overall I’m happier that I don’t have the financial burden of rent. I would feel trapped.
This post was edited on 12/21/23 at 9:28 am
Posted on 12/21/23 at 9:25 am to fareplay
quote:Link?
Average rent is 1600 for a studio…
Posted on 12/21/23 at 9:25 am to BOSCEAUX
If you take a quick gander at indeed, majority of jobs paying above 40k require a degree of some sort
Posted on 12/21/23 at 9:26 am to WG_Dawg
quote:
You absolutely most certainly can save if you actually desire to. Blaming inflation for poor financial habits is a bad excuse
I work with some guys that say they can’t save like me but at the same time buy $4 energy drinks every day, and buy breakfasts and lunch a few times a week. It’s hard to have sympathy for people that do that while I bring lunches every day.
Posted on 12/21/23 at 9:27 am to fareplay
quote:
60% of post tax going to rent
Found your problem. You are living out of your means.
You can either
1) Find a way to make more money
2) Find a place to live that is cheaper
Posted on 12/21/23 at 9:27 am to fareplay
quote:
we get paid less and rent is going up.
It has been like this for every generation.
Posted on 12/21/23 at 9:27 am to Bison
quote:wtf
Per month
Car insurance: $250 ( never caused in accident 15 years if driving)
I am an older millenial with a fairly lousy driving record and my insurance is less than $100 per month. With pretty high limits.
This post was edited on 12/21/23 at 9:29 am
Posted on 12/21/23 at 9:28 am to fareplay
Gramps? I’m 38 years old you damn pussy. I graduated college and had to get a job in the 2008/2009 recession. I had to take a retail management job for a fricking clothing store for a while until the market heated up again because it paid the bills. You do what you have to do. Don’t preach to me how hard it is right now. The key to life is to never give up. I’m not saying it’s easy right now because it’s not but you have to keep looking forward.
This post was edited on 12/21/23 at 9:49 am
Posted on 12/21/23 at 9:28 am to Oilfieldbiology
quote:
Not saying you’re a liar, but if you joined the military at 18 right out of high school you’re saying that you served at what was for sure a low paying wage, got out, got a job, paid off two cars, and put 20% down on your dream house all with 10 years of working assuming no further education occupying your time.
The timing of this is the one that I’m struggling with unless you started a business right out of the military that is doing very well right now.
Joined the military at 19. Turned 20 at Benning. Got out at 23
Worked as a private contractor for a year.
Got hired into corporate America at 25.
Learned a new skill and got into Software Development.
Been with the same company for 8.5 years. Worked my way up from a 40k salary in year 1 to a 115k salary including incentives in year 8. I live in one of the most affordable regions in the country in TN which stretches that. Getting an additional 18k a year in disability tax free. 401k was started at 25 and the % has fluctuated between 6%-11% depending on the economy.
Bought a house with my VA loan in 2015. Sold it in 2023 and made 185k after the realtor fees. Put 100k down on a new house. Paid off the truck, car, etc.
This post was edited on 12/21/23 at 9:38 am
Posted on 12/21/23 at 9:28 am to Oilfieldbiology
quote:
Yeah I’m going to need a little more proof.
It's really not that unbelievable.
Worked 40 hours a week and put myself through college
I purchased a starter home in 2010 at 24.
In 2015 my wife and I built what we thought was our dream home, 3,300 sqft.
In 2018 we bought a rental house, sold it in 2021.
In 2022, we had enough of neighborhood life and purchased the 20 acre property.
We still have a mortgage and student loan debt, both vehicles are paid for. Not every millennial makes 50-60k at some job, some of us have careers. My wife and I do very well, and most of the folks our age are the same. I see most of this "can't afford life" problem with the late 20's crowd.
Posted on 12/21/23 at 9:28 am to Earnest_P
quote:Ding ding ding
People shouldn’t have to move to the sticks and eat ramen noodles in order to live a decent life with kids and a place to call their own.
My parents didn’t even have to do that with 3 kids in under 5 years and my mom staying home to raise us.
quote:The big issue here is that, despite all of the evidence showing that millennials and younger generations are getting fricked, the constant mindset of the older generations telling them to “suck it up” and “quit whining” is pushing those generations further and further into the political ideologies of socialism and communism and the older generations are getting to get fricked hard once the political power of the younger ones grows.
I don’t know how much individual young people are to blame for their own problems, because that differs for everyone, but we can’t pretend it’s ALL their fault. That’s just self-serving ignorance.
Everyone loses, but the younger generations are already so nihilistic and believe they have nothing, therefore they believe they have nothing else to lose.
Rather than constantly telling them to suck it up, we should be acknowledging it and looking to correct the governmental forces which have created the mess.
Nah…it’s easier to tell them to suck it up while it all simply gets worse.
This post was edited on 12/21/23 at 9:30 am
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