Unfortunately a gym membership, gas, clothes, computers, and furniture aren't included. I fear that I will have no money to use outside of basic shelter, food, and transportation needs.
Unfortunately a gym membership, gas, clothes, computers, and furniture aren't included. I fear that I will have no money to use outside of basic shelter, food, and transportation needs.
EMPshockwave82
Diamond Member
- Jul 7, 2003
- 3,012
- 2
- 0
Then you are not talking about if it is ENOUGH... you are talking about if it is enough to do everything you want whenever you want.
Yes, you're making enough money. If you don't think it's enough money then you have a couple choices. Find another job that pays more. Live somewhere that costs less. Manage your money better.
These things can be helped by budgeting. Sit down and write down where all of your expenses went for the past 2 months. If you are unhappy with how much you are able to do then look trough those expenses and see where cuts can be made.
"Can I live the way I want to on X dollars per year" is a question that a group of people on a forum can't answer. This one is up to you.
EMPshockwave82
Diamond Member
- Jul 7, 2003
- 3,012
- 2
- 0
I'm in a better situation now but my budget went:
1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk
this left about 600 / month for my credit card and fun.
1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk
this left about 600 / month for my credit card and fun.
This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.
Thank you for sharing though, it's interesting.
EMPshockwave82
Diamond Member
- Jul 7, 2003
- 3,012
- 2
- 0
Perhaps you should rethink in your life what is necessary and what is luxury. The figures I posted are 100% real and what I lived off of for 2 years. I'm not sure I can break this down any further for you. Thanks for playing.
All right, now I'm convinced that you ARE a troll and don't feel guilty about my remark at all.
Please please pleeeaasse tell me that you're JLGatby 2.0. This forum has lacked a good troll for many months. The current crop is pathetic, and none of their posts manage to be as infuriating as JLGatsby's snooty elitism and blatant materialism.
If you're not a troll, sorry, but you come off as being an elitist by pissing on the majority of Americans who do NOT make anywhere near $80k.
If you are...welcome.
I never doubted the validity of them, I was merely pointing out that the numbers were exceptionally conservative compared to the average person.
The average person has a higher insurance rate, drives many more miles, and has a car payment.
TridenT
Lifer
- Sep 4, 2006
- 16,800
- 45
- 91
Originally posted by: KLin
I'm not sure how someone could afford a house at 3000k a month especially only living on 50k after taxes per year.
LOL HE IS SO RIGHT! I can only pay 2,999K per month on my house ATM.
Totally went over his head
Anyway, 80K is good cash. 50K after taxes, not so much.
That gets you somewhere, but not everywhere I make $80,000K a year.
*eye roll*
Originally posted by: jagec
All right, now I'm convinced that you ARE a troll and don't feel guilty about my remark at all.
Please please pleeeaasse tell me that you're JLGatby 2.0. This forum has lacked a good troll for many months. The current crop is pathetic, and none of their posts manage to be as infuriating as JLGatsby's snooty elitism and blatant materialism.
If you're not a troll, sorry, but you come off as being an elitist by pissing on the majority of Americans who do NOT make anywhere near $80k.
If you are...welcome.
Please see my above reply. It's extremely reasonable to budget in a car payment, more than 200 miles a month, and higher insurance costs. If you disagree, I think you are wrong.
EMPshockwave82
Diamond Member
- Jul 7, 2003
- 3,012
- 2
- 0
I think you are over estimating what the average person makes................. Average person in California (arguably the most expensive state in the US makes just over 30k. (figure taken by the 60k 2 person family income divided by 2)
US Census average family income
EMPshockwave82
Diamond Member
- Jul 7, 2003
- 3,012
- 2
- 0
Originally posted by: TridenTBoy3555
Originally posted by: KLin
I'm not sure how someone could afford a house at 3000k a month especially only living on 50k after taxes per year.
LOL HE IS SO RIGHT! I can only pay 2,999K per month on my house ATM.
Totally went over his head
Anyway, 80K is good cash. 50K after taxes, not so much.
I make $80,000K a year.
*eye roll*
yea... completely missed that until you pointed it out
... maybe i'll fall asleep soon. laid down for 2 hours earlier without dropping... maybe i'll try againBut it sounds like you made much much more than $30k a year, and your allocations were exceedingly conservative. Therefore it's clear that it takes a lot of money to do well in life...
Scouzer
Lifer
- Jun 3, 2001
- 10,358
- 5
- 0
I make more like $60k/yr, but this is my budget:
$680/rent
$435/car
$175/car insurance
$100/power & cable
$150/gas
$550/all other, entertainment & food etc.
Total: $2090/mo or $25k/yr
At your income level, that leaves you about a $40,000/yr buffer after tax. If you don't think you can get by on that... you are nuts.
$680/rent
$435/car
$175/car insurance
$100/power & cable
$150/gas
$550/all other, entertainment & food etc.
Total: $2090/mo or $25k/yr
At your income level, that leaves you about a $40,000/yr buffer after tax. If you don't think you can get by on that... you are nuts.
What exactly are your monthly expenses? It's a very vague question without knowing more details about how you spend money.
Though some people will say that it's hard to live in NYC with 80k, I know it's definitely more than possible. With 80k, I'd save over $2k a month. Of course I am very conservative. That doesn't mean I'd eat instant noodles everyday. I live decently. Laptops, gadgets and HDTV (for parents) in the last few months.
If the questions was 'is 80k enough to buy a house in NYC', I'd say it'd be much harder. For just living and enjoying life, I really don't see why it wouldn't be possible. If you didn't want to live how I'd live on 80k, on top of comfortable living there's still over 2k to spend...
Though some people will say that it's hard to live in NYC with 80k, I know it's definitely more than possible. With 80k, I'd save over $2k a month. Of course I am very conservative. That doesn't mean I'd eat instant noodles everyday. I live decently. Laptops, gadgets and HDTV (for parents) in the last few months.
If the questions was 'is 80k enough to buy a house in NYC', I'd say it'd be much harder. For just living and enjoying life, I really don't see why it wouldn't be possible. If you didn't want to live how I'd live on 80k, on top of comfortable living there's still over 2k to spend...
Tweak155
Lifer
- Sep 23, 2003
- 11,449
- 264
- 126
This is very close to mine... I hit just over $60k this year (5k went to moving though) and I still saved a lot of money...
$665/rent
$525/2 cars
$90/car insurance (someone else pays the other one)
$100/power & gas
$300/student loans
$400/ food & entertainment
Comes to $2080/mo. I try to put extra toward the car I bought that I put $5k down on that I earned THIS year.
Born2bwire
Diamond Member
- Oct 28, 2005
- 9,840
- 6
- 71
Do you think the AVERAGE person drives 200 miles a month? Not having a car payment is quite rare as well.
Stop being snide.
rh71
No Lifer
- Aug 28, 2001
- 52,844
- 1,049
- 126
Hell, a part time job can cover any extra-curricular activities... so your salary is fine for simply living.
Let me ask this way - did you think everyone living on the west coast made 6 figures? There are websites for this info... such as http://www.city-data.com/ ...
According to my mint.com... we (2 of us plus 2 kids) on Long Island spend between $4-5k a month... mortgage, taxes, insurance, utilities, food, gas, funstuff, etc. So theoretically our family could get by on $60k net combined if we had to, and not even have to cut anything out.
Let me ask this way - did you think everyone living on the west coast made 6 figures? There are websites for this info... such as http://www.city-data.com/ ...
According to my mint.com... we (2 of us plus 2 kids) on Long Island spend between $4-5k a month... mortgage, taxes, insurance, utilities, food, gas, funstuff, etc. So theoretically our family could get by on $60k net combined if we had to, and not even have to cut anything out.
GodlessAstronomer
Lifer
- Oct 27, 2007
- 17,009
- 5
- 0
Originally posted by: crazygirl
But it sounds like you made much much more than $30k a year, and your allocations were exceedingly conservative. Therefore it's clear that it takes a lot of money to do well in life...
If you are having trouble living with $~50k post tax you are living ABOVE YOUR MEANS. I'd advise being or playing poor for a bit and make yourself a bankroll. Oh and if you're not a troll, you're a bitch.
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