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1
Posted on 11/18/25 at 6:19 am to ragincajun03
I’d like to pick apart these people’s budgets. I’m willing to bet 6 figures that there’s a ton of waste on food, vehicles, insurance, streaming services, Ubers, and entitled living locations.
Posted on 11/18/25 at 6:20 am to dyslexiateechur
quote:
Health care and car insurance are 2 of my major expenses. Hard to cut back on either of those—the cost is what it is.
I spend 2100 a month on various types of insurance. It’s insane.
Posted on 11/18/25 at 6:24 am to Dawgfanman
I spend $1100 just on car insurance. And that’s with a $1000 deductible thru Geico.
Posted on 11/18/25 at 6:28 am to Hangit
Folks need to drop the avocado toast and Netflix as well. This economy is booming. These articles are just trying to make Trump look bad.
Posted on 11/18/25 at 6:31 am to dyslexiateechur
quote:
I spend $1100 just on car insurance. And that’s with a $1000 deductible thru Geico.
Buy a vehicle you can actually afford and pay cash. Then only carry minimum liability and don’t drive like an a-hole.
This post was edited on 11/18/25 at 6:32 am
Posted on 11/18/25 at 6:34 am to SulphursFinest
quote:
I get the truck part, but how do you “refuse to pay $XXX” in rent.
Buy a camper and live in it or get a roommate until things settle out. Rent is going down with so many renters being deported. People in silicone valley are making $200k and living in a camper at their job.
Find a way instead of demanding that you can't.
Posted on 11/18/25 at 6:35 am to Hangit
Good tip. I’m telling young folks in my office to find a nice overpass. Maybe one that’s low traffic. Save up for that down payment. We all had to sacrifice.
Posted on 11/18/25 at 6:42 am to The Torch
It is definitely hard to save while raising kids. But that breakdown allows a pretty nice house, 2 reliable cars, saving for retirement, and disposable income (depending on the area, but at that point this couple likely would've moved to the suburbs anyway). But those are the years where you want to lay back and hang at home. You dont need to be flying the family to europe for vacation. The kids will eventually be gone or go to public school, the cars will get paid off, and the random debt can be paid off. That's another $2k a month in cash, ignoring any potential job promotions or raises.
Posted on 11/18/25 at 6:42 am to ragincajun03
A national poll
$100k salary in Baton Rouge is not the same as $100k in New York/Los Angeles…..
But I can agree with the poll respondents. Between insurance increases, grocery increases, and family medical expenses it’s be tighter the past few years.
$100k salary in Baton Rouge is not the same as $100k in New York/Los Angeles…..
But I can agree with the poll respondents. Between insurance increases, grocery increases, and family medical expenses it’s be tighter the past few years.
Posted on 11/18/25 at 6:43 am to dyslexiateechur
quote:
spend $1100 just on car insurance. And that’s with a $1000 deductible thru Geico.
How many vehicles is that covering?
We spent about 4200 for a full year coverage on 4 vehicles, all full coverage at 500 deductible through progressive. Sadly, this is up about 600 from the previous year, with zero incidents or accidents.
Posted on 11/18/25 at 6:44 am to BabyTac
quote:
Buy a vehicle you can actually afford and pay cash. Then only carry minimum liability and don’t drive like an a-hole.
Of my 5 cars, only one is financed. Carrying minimum liability is not much cheaper and exposes me to getting sued. No one on my insurance has as much as a speeding ticket.
Posted on 11/18/25 at 6:47 am to Steadyhands
quote:
How many vehicles is that covering?
5 vehicles, 6 drivers. The 21 year old male is by far the most expensive to insure. Are you in Louisiana?
Posted on 11/18/25 at 6:48 am to ragincajun03
It’s all relative.
Just 6 years ago, 100k was pretty decent. So the folks that are earning that would have had their lives set up to be able to afford what they thought was a normal lifestyle.
Then suddenly 6 years later and actually it didn’t even take that long. More like 3 years later, 100k doesn’t go very far.
Just 6 years ago, 100k was pretty decent. So the folks that are earning that would have had their lives set up to be able to afford what they thought was a normal lifestyle.
Then suddenly 6 years later and actually it didn’t even take that long. More like 3 years later, 100k doesn’t go very far.
Posted on 11/18/25 at 6:49 am to Dawgfanman
10K doesn’t pay for much, you have an emergency medical issue or AC/roof issue that isn’t covered good luck.
Most people don’t realize taking a high deductible plan $7500 up $20K a person will crush you if something happens.
Most people don’t realize taking a high deductible plan $7500 up $20K a person will crush you if something happens.
Posted on 11/18/25 at 6:54 am to dyslexiateechur
quote:
Are you in Louisiana?
Yes.
4 vehicles, 4 drivers. Only one new vehicle.
Posted on 11/18/25 at 6:54 am to Dawgfanman
If someone has been a working adult for a while and feels like this, they need to look in the mirror.
People don’t save money outside retirement (if they do that). Having 10k (at least) in cash available for an emergency isn’t hard to accomplish over a few years or less. 10k solves most issues. [/quote]
That is absolutely correct. If you are not saving money outside of your 401k, then you need to check your spending habits. The absolute minimum that a working person should be investing in a 401k is 10% before taxes, more would be better. The absolute minimum you should be putting into a savings or money market account, in other words, paying yourself is 10%,
People don’t save money outside retirement (if they do that). Having 10k (at least) in cash available for an emergency isn’t hard to accomplish over a few years or less. 10k solves most issues. [/quote]
That is absolutely correct. If you are not saving money outside of your 401k, then you need to check your spending habits. The absolute minimum that a working person should be investing in a 401k is 10% before taxes, more would be better. The absolute minimum you should be putting into a savings or money market account, in other words, paying yourself is 10%,
Posted on 11/18/25 at 6:54 am to NorthstarinLA
quote:
10K doesn’t pay for much, you have an emergency medical issue or AC/roof issue that isn’t covered good luck.
It’ll fix nearly any roof issue from an emergency perspective.
Same for A/C for most homes.
You can buy transportation.
It’ll cover monthly bills for 2 months for most people.
Plus it’s 10 times what most people have available in cash for an emergency.
Not sure what kindof medical issue you are talking about but I can’t think of any I would need to pay 10k upfront for in an emergent situation.
And maybe some situations call for much more savings.
To most people, even 6 figure earners, a new set of tires or a 1,000 dollar car repair seems like a major “emergency” when they are simply predictable bills.
This post was edited on 11/18/25 at 6:57 am
Posted on 11/18/25 at 6:56 am to Warfox
quote:
Gee, could it be that earning 100-200k/yr is now only worth half that in spending power ?
Inflation is a bitch.
I wonder how much those six figure earners are carrying in debt. If you’re paying multiple loans and a house note, I get their sentiment.
Posted on 11/18/25 at 7:03 am to The Torch
Numbers are close to mine, but slightly less. Only one car, and house w/escrow $1800.
But we had a number of medical procedures/therapy the past few years has drained the the “emergency” fund and we tapped the HELOC some. Wife has hit the individual max out of pocket last 3 years and I hit it this year. And we have hit the max family out of pocket 2 of last 4 years.
Grocery and insurance increase are not helping either. We do not eat out, and are not driving but one new car at a time (both of us drive a vehicle 10+ years).
We are not in financial trouble (baring another emergency) but we can’t replenish the emergency fund.
But we had a number of medical procedures/therapy the past few years has drained the the “emergency” fund and we tapped the HELOC some. Wife has hit the individual max out of pocket last 3 years and I hit it this year. And we have hit the max family out of pocket 2 of last 4 years.
Grocery and insurance increase are not helping either. We do not eat out, and are not driving but one new car at a time (both of us drive a vehicle 10+ years).
We are not in financial trouble (baring another emergency) but we can’t replenish the emergency fund.
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