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Message

re: I don't grasp how families make it.

Posted on 11/19/19 at 2:22 am to
Posted by cokebottleag
I’m a Santos Republican
Member since Aug 2011
24080 posts
Posted on 11/19/19 at 2:22 am to
I love how you blame trump for their problems. Did they have 3 kids in the last 3 years? Did inflation go up in that time?

I’m guessing no to both.

Last year I made 85K. We have 2 kids. You learn to budget for what you actually want rather than blow money on what other people do.

We never NEVER see movies in theaters.
I have an iPhone 6 from my company. Wife has an iPhone 6 as well. It’s been repaired 4-5 times.
Our food budget is $150 a week. That’s with diapers. Casseroles, chili, prime steak when it’s on sale, etc.
We eat out for special occasions. Other than that? Nope.
No cable. When football season is on we have Hulu, otherwise just Netflix.
My car has 120,000 mi on it.
Wife’s car has 150,000 mi on it. Both will hit 300,000 or get totaled, which ever comes first, before we get a new (used) one.
We vacation when I rack up enough miles for us to travel. Been to Hawaii 3 times in 5 years.

We bought our first house for 300k with 20% down we saved ourselves, and have 20k in school debt. That’s where our money goes. That and to our kids school, activities, etc.

This sob story doesn’t move me.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68474 posts
Posted on 11/19/19 at 5:42 am to
Not being a dick but
quote:

But They have three kids

if you can't afford them then don't have them.
Posted by unbeWEAVEable
The Golf Board Godfather
Member since Apr 2010
13637 posts
Posted on 11/19/19 at 5:53 am to
quote:

My sister and her husband make decent money and live modestly.


quote:

But They have three kids.


quote:

Her insurance is pure shite


quote:

3 bedroom 2 bath. Nothing special. Combined income is about 80,000 a year I suppose


Yeah, this has little to do with the “federal reserve” or “trumpeter”. Sounds like you’ve already identified the problem, and it’s that they live a bit outside their means.

Very few can “live modestly” with three kids on a combined $80,000 and shite insurance. Sounds like they need to downsize, find better insurance, and live within their means until they can get ahead.
Posted by Nguyener
Kame House
Member since Mar 2013
21057 posts
Posted on 11/19/19 at 7:01 am to
quote:

tell other folks how to live their lives


I gave my opinion. I didn't advocate for a law to be changed.

quote:

and what kind of family they’re entitled to have.


They're entitled to have as many kids as they want. They're not entitled to my money because of their incompetence and poor planning
Posted by musick
the internet
Member since Dec 2008
26131 posts
Posted on 11/19/19 at 7:17 am to
quote:

30%-50% jumps in goods that I have bought for years.


Like what, exactly? What are you buying that has gone up 50% at the grocery store?
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43080 posts
Posted on 11/19/19 at 7:21 am to
3 kids on 80k will get you to that situation.
Posted by DMAN1968
Member since Apr 2019
12632 posts
Posted on 11/19/19 at 7:30 am to
quote:

Cut out the travel ball expenses for Ryden and Braxtynn

That's just funny right there.
Posted by CivilTiger83
Member since Dec 2017
2525 posts
Posted on 11/19/19 at 7:40 am to
quote:

I love how you blame trump for their problems. Did they have 3 kids in the last 3 years? Did inflation go up in that time?

I’m guessing no to both.

Last year I made 85K. We have 2 kids. You learn to budget for what you actually want rather than blow money on what other people do.

We never NEVER see movies in theaters.
I have an iPhone 6 from my company. Wife has an iPhone 6 as well. It’s been repaired 4-5 times.
Our food budget is $150 a week. That’s with diapers. Casseroles, chili, prime steak when it’s on sale, etc.
We eat out for special occasions. Other than that? Nope.
No cable. When football season is on we have Hulu, otherwise just Netflix.
My car has 120,000 mi on it.
Wife’s car has 150,000 mi on it. Both will hit 300,000 or get totaled, which ever comes first, before we get a new (used) one.
We vacation when I rack up enough miles for us to travel. Been to Hawaii 3 times in 5 years.

We bought our first house for 300k with 20% down we saved ourselves, and have 20k in school debt. That’s where our money goes. That and to our kids school, activities, etc.

This sob story doesn’t move me.


Agreed. Several years ago we were close to $85k-90k with 2 kids and a mortgage. It's not easy by any means, but we didn't want for anything. You drive older vehicles. In a low to medium cost of living area you are doing fine.

Totally disagree with the then you shouldn't have kids mantra. If you live frugally, it can be done. And from a tax perspective, you should be paying zero federal taxes and minimal state taxes.

Monthly budget breakdown...

Income - $6,670

Fed Taxes - $0 (with 3 kids at $85k your effective tax rate should be 0)
State Taxes - est. $300
SS/Medicare - $500
Health Insurance - $1,000
Mortgage/Taxes/Ins. - $1,300
Food - $800
Cleaning/laundry - $80
Auto Gas - $250
Auto Ins. - $150
Nat. Gas - $150
Electricity - $100
Clothing - $300
Cell Phone - $90
Internet - $60
Water - $50

Yes there are other miscellaneous expenses in there that I missed, but I came up with expenses of $5,130... Even if you add in another $500/month in miscellaneous expenses they should be able to save at least $1,000 per month.

My guess is they have car notes, drive nicer cars, live in a more expensive area, eat out often, don't shop their car insurance and cell plans and generally don't watch where every dollar goes.

Even if you were to adjust the income for inflation to the 1950s and assume you can pay for a 1950s house with 1950s healthcare costs, your grandparents would be living high on the hog with 3 kids and that kind of income.


Posted by DMAN1968
Member since Apr 2019
12632 posts
Posted on 11/19/19 at 7:45 am to
quote:

quote:
Teachers make over 40k yearly


32 after taxes. That’s welfare with the cost of living these days


Just need to plug in another job in those 3 months off. SIL makes more per year as a teacher and pulls summer work and has only been at it for 3 years. I'm not sure where this teacher is only making $40k. Oh yeah...that's in EBR.
Posted by CHSTigersFan
Charleston, Arkansas
Member since Jan 2005
2738 posts
Posted on 11/19/19 at 7:54 am to
quote:

keep tabs on the price of food personally weekly with an app on my phone.
What app would this be? I'd be interested in that.
Posted by tigerfoot
Alexandria
Member since Sep 2006
60773 posts
Posted on 11/19/19 at 8:03 am to
quote:

What app would this be? I'd be interested in that.

Obviously one that is wildly inaccurate. Food costs have been fairly stable.

I just looked it up we had a drop of almost 2% in 2016, a rise of 8% in 17, and looks like less than a 2% rise in 19. Expecting 2-4% in 2020...which is in line with historic averages.
Posted by Chemcorp158
Sadly not the Rocky Mountains
Member since Oct 2017
241 posts
Posted on 11/19/19 at 8:29 am to
quote:

He's probably a maintenance contractor. Those guys don't really make a ton of money usually.


Just did the math on what our contract maintenance makes and all the craft guys make at least 60K a year minimum before OT. Now the unskilled laborers make less, around 38-39K.
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 11/19/19 at 8:32 am to
quote:

$80 for car insurance


Who is your agency?
Posted by Champagne
Sabine Free State.
Member since Oct 2007
53753 posts
Posted on 11/19/19 at 8:51 am to
quote:

I still don't get where you guys are getting this idea from. Our tax system is extremely progressive and it's very kind to those married and with kids. Plus it got even more generous last year to much of the middle class. The middle class is not suffering under the weight of taxes any more than ever.


Let's wait and see what happens with Federal taxes once the Dems have control of all three branches of FedGov again. It's bound to happen at some future point.
Posted by Thunder
Western by God Vernon Parish
Member since Mar 2006
2421 posts
Posted on 11/19/19 at 9:00 am to
quote:

Three kids on $80k is tough. Need to live small as heck. Why three kids with so litttle income?

I raised 3 of my own and two more that just showed up on 45 a year. Lots of beans & rice, venison chilli,turnip greens and cornbread, homemade kimchi and bulgogi and rice, homemade baked bread, yeast biscuits.... Pigs in the ground you name it.... We always ate like kings... Learn to cook
Posted by GoT1de
Alabama
Member since Aug 2009
5041 posts
Posted on 11/19/19 at 9:01 am to
Will gladly pay $94. for tamiflu.

Far better bargain than having the flu (and $94. in my pocket)
without it.
That drug is amazing.
Posted by keks tadpole
Yellow Leaf Creek
Member since Feb 2017
8486 posts
Posted on 11/19/19 at 9:03 am to
quote:

Agreed.


Second. Been there. You figure out your want and needs and drop all the wants.
Food. Shelter. Swallow your "pride" and drive a paid for'06 Envoy with 225,000 miles and in need of body work until the wheel fall off.

Work harder. Instead of travel-ball on the weekends, learn to lay brick, carpentry, stripe parking lots, fix small motors and make extra cash on Saturday.

Billions of people on this rock called Earth survive on garbage. Trade places with them for a day and see if you can't make 80K work.


This post was edited on 11/19/19 at 9:06 am
Posted by REB BEER
Laffy Yet
Member since Dec 2010
17718 posts
Posted on 11/19/19 at 9:28 am to
quote:

Tamiflu is ungodly expensive, even when insurance covers part of it.


My kid had the flu last week and using Good RX, Tamiflu was around $30 FYI.

I wasn't going to get it because of how much it used to be, but it's really come down.
Posted by chRxis
None of your fricking business
Member since Feb 2008
26770 posts
Posted on 11/19/19 at 9:34 am to
quote:

My nephew got the flu. The cost of his medicine is $204.

this is where a good pharmacist would tell you:
1.) flu "medicine" is typically worthless, unless you have money to blow... flu is a virus, we don't have meds that kill viruses, only help lessen the symptoms... so, at best, you are lessening the duration of the flu by about a day- day and a half... typically, not worth it...

2.) would look for a copay savings card to help with the copay, on the patient's behalf

3.) would contact the MD, let them know how expensive the shite is, and then try to offer suitable alternatives, within the patient's price range, to help ease the burden on the patient's wallet...

and they would do all of this with a smile on their face, and cheer in their heart for having the opportunity to do so...
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 11/19/19 at 9:39 am to
Im single no kids and spend 5 grand a year on healthcare out of pocket that is if nothing happens. The drug companies have a racket.
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