Holy shite man, $80k and only $300 left over? Sheit. I guess I don't know how much I have left over; I should do a budget and see. I actually want to visit a financial planner to make sure I'm doing what I should for retirement (I save through company 401k but am not sure I'm doing enough). But I have enough in my checking to go many months paying rent/utils/groceries.
Yeah it's bad, everything is just so expensive and just keeps going up. I was actually doing better 10 years ago even though I made like 70k since everything was cheaper.
Mortgage $1300, Hydro $140, city taxes $360ish, water $100, gas, $120, insurance $170, cell phone $60, internet around $60 etc... just to name a few of the bills. 80k is also gross, so by the time I see the money it's around 60k or so after all the deductions.
I wish for individual it worked like a company, we should only get taxed on profit. Ex: our after living expense income. So whatever is left over after you pay all your bills, that's what we should get taxed on. It's how it works for companies.
Toying with starting a corporation so I can put a lot of stuff under it. Like maybe I can put the house under the corporation and then rent to myself. I'd have to sit down with a tax accountant to figure out the best approach while also staying legal.