I need to save $600/mo

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whaleskinrug

Golden Member
Sep 25, 2003
1,114
0
0
Originally posted by: dabuddha
Originally posted by: Eli
Damn. Gotta love that gas usage. :D

150$/mo for rent.. :Q

He must have like 5 roommates or something. Or he's living in the hood. :D


or somewhere where there are not a lot of jobs and the cost of living is refelcted in that
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
I'd keep the cable and drop the internet down to dialup, or just keep broadband and kill the cable. Your choice there...$200/month is not much at all for a person who wants to eat healthily.

BTW if you need a new car you're aware of the fact that you can buy one for under $3k that will be worth driving, right? And to say that's not good enough for you is an interesting contrast with the standard of living you'll enjoy scraping by to save as much money as you want over the next 10 months.
 

nan0bug

Banned
Apr 22, 2003
3,142
0
0
Originally posted by: Chaotic42
Originally posted by: mugsywwiii
Why do you have to save so much so fast? I second the male prostitution suggestion. You won't enjoy 70-80 hours a week for very long.
Meh, I did it for quite a while.

Why $10,000?

I'm going to college in August (hopefully). I need an amount of money as a fall back. I've managed to land myself in a very sweet position here, and I doubt that I'll be as lucky the second time around should something bad happen. I've been burned by not having adequate savings in the past.

I also need a new vehicle. I'd rather not have to work 40 hours a week in college in order to make payments on a car. With a nice $5k down payment, I can work a minimal number of hours. It's work very hard now in order to be able to work moderatly hard later.

Why not forgo payments altogether and take that $5k down payment and buy a reliable used car? That way all you will have to spend money on is insurance and gas.
 

Thegonagle

Diamond Member
Jun 8, 2000
9,773
0
71
Originally posted by: whaleskinrug
get a part time job with low stress and just bite the bullet for a year

Get one new better paying job and quit your current one. 180+ hours if far too much to be working for $950. Hell, that's inhumane.

Think about taking advantage of seasonal job opportunities this summer, such as landscaping, or commercial lawn mowing services. There are also many other jobs paying $1400-1800/mo that anyone with half a brain and on ounce of responsibility can get hired for and do well at.
 

kranky

Elite Member
Oct 9, 1999
21,019
156
106
In a ten month time frame, the amount of interest won't really matter. It's too small to make a difference.

$5,000 invested at 1% interest is $4.17 monthly interest
$5,000 invested at 5% interest is $20.84 monthly interest

You can see that the rate of interest isn't going to make much of a dent.

So instead of spending a lot of time researching how to get the maximum interest, spend that time figuring out how to increase your savings rate. That's the only way to reach your goal.
 

radioouman

Diamond Member
Nov 4, 2002
8,632
0
0
Originally posted by: kranky
In a ten month time frame, the amount of interest won't really matter. It's too small to make a difference.

$5,000 invested at 1% interest is $4.17 monthly interest
$5,000 invested at 5% interest is $20.84 monthly interest

You can see that the rate of interest isn't going to make much of a dent.

So instead of spending a lot of time researching how to get the maximum interest, spend that time figuring out how to increase your savings rate. That's the only way to reach your goal.

I agree
 

richardycc

Diamond Member
Apr 29, 2001
5,719
1
81
4950/month after taxes and ins IS NOT a sweet position, no matter how you slice it. get a better paying job.
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,484
8,345
126
Sheesh...I made $800 a month(net) working 15 hours a week delivering newspapers. Either pick up a second job, or get a better paying primary one. Only way you are going to make your goal without living in misery for a year.
 

djheater

Lifer
Mar 19, 2001
14,637
2
0
I know you can do it from personal experience. Don't let anything stop you, just get it done.

When my girlfriend told me she was pregnant I had two more jobs within the week.

One at a bakery from 2:30 am to 9-10a my regular job at a bookstore 11-5 and then float at a coffeeshop after.

Sleep is for the weak. I told myself I could sleep when I died. :)

anyway the point is if you're willing to endure some hardship you can do it, and if it's only for a year and you have the golden carrots in front of you, the only thing that could stop you is you.
 

ragazzo

Golden Member
Jan 9, 2002
1,759
0
0
Originally posted by: djheater
I know you can do it from personal experience. Don't let anything stop you, just get it done.

When my girlfriend told me she was pregnant I had two more jobs within the week.

One at a bakery from 2:30 am to 9-10a my regular job at a bookstore 11-5 and then float at a coffeeshop after.

Sleep is for the weak. I told myself I could sleep when I died. :)

anyway the point is if you're willing to endure some hardship you can do it, and if it's only for a year and you have the golden carrots in front of you, the only thing that could stop you is you.

when you don't get enough sleep, you die quicker %)
 

kranky

Elite Member
Oct 9, 1999
21,019
156
106
vi_edit has mentioned his newspaper gig numerous times and I can't believe people don't look into it. That's great money for the amount of time involved. And there are tax advantages, too.
 

conjur

No Lifer
Jun 7, 2001
58,686
3
0
Move to a bigger town and get a better paying job ;)

You can't get Louisville or Indy stations with a bow-tie antenna? Drop the cable internet and get the cheapest basic cable pkg you can get (I'm assuming it's Insight.)
 

conjur

No Lifer
Jun 7, 2001
58,686
3
0
Originally posted by: MoobyTheGoldenCalf
Save all you can until the Google IPO in the spring. Then invest on day one. By August you'll be rich...

pffft...good luck getting in on that!
 

GasX

Lifer
Feb 8, 2001
29,033
6
81
Originally posted by: MoobyTheGoldenCalf
Save all you can until the Google IPO in the spring. Then invest on day one. By August you'll be rich...

rolleye.gif
 

DivideBYZero

Lifer
May 18, 2001
24,117
2
0
Originally posted by: radioouman
Originally posted by: kranky
In a ten month time frame, the amount of interest won't really matter. It's too small to make a difference.

$5,000 invested at 1% interest is $4.17 monthly interest
$5,000 invested at 5% interest is $20.84 monthly interest

You can see that the rate of interest isn't going to make much of a dent.

So instead of spending a lot of time researching how to get the maximum interest, spend that time figuring out how to increase your savings rate. That's the only way to reach your goal.

I agree

Your Sig is wrong:

"The famous old elephant house in pagod style was totally destroyed by bombings the 22 November 1943, when also 7 elephants died." Link
 

bjc112

Lifer
Dec 23, 2000
11,460
0
76
Originally posted by: Chaotic42
Originally posted by: Ghamu
..pretty sure he meant he can save that much in a month, if he didn't, yeah, get a better job.

I clear $950/mo after taxes/insurance. I have $950/mo to live on.

There are no local stations that can be easily picked up by an antenna. I would need an exceedingly large antenna to get anything.

It would be difficult to *not* make minimum wage at a second job. I might be able to get $5.75/hr. Maybe.

I wouldn't strap yourself...

Can you buy all your food and what not with that 300...

 

Lucky

Lifer
Nov 26, 2000
13,126
1
0
Originally posted by: FeathersMcGraw
A $200/month food bill for one person? Either you want to eat out less, or rethink your menu.

200 bucks for one person is NOTHING. I don't buy steaks or lobster and my bill is easily over that.