Current Events > Childhood is thinking making $5,596 a month is a lot

(+) Yeah! (+)

If you make 6000$/month and can't live like a king off it you're doing something horribly wrong.

Let's day your mortgage is 1800, 400 in electric, 235 for Health, 430 in Car insurance/payment, 200 in water, 200 on internet/cable or netflix, and you spend like 1300 on food. That covers all your expenses and you would still have like 1500$ to spend on whatever the fuck you wanted.

These figures are like astronomically high, too. These aren't realistic numbers. Someone who's not dumb as hell would probably be spending around 3000$ for their living expenses and then using the other 3000$ for whatever they wanted.

But, part of the culture today (and always) involves getting a luxury/sports car when you live like 7 miles away from work which adds up in fuel costs, insurance/payment, and much more costly maintenance and repair. People also tend to spend their excess money on things like designer clothes and other bullshit.
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It all depends on who you are and what your situation is. If you have a family to support, then 6k a month is not that much. If you are paying off debt, same story.

It's not obviously the case that making 100k makes you rich or wealthy or well off, unless you are looking at someone who was making 100k for 5-10 years minimum while being able to stash aside 50% of their take home pay or w/e.
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Is this pre- or post-taxes?
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Shut up

So you have a little over 3k a month left over. The fuck is the point of this topic?
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Great bait, scrub
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Dafuq is this budget breakdown? Food so cheap and yet water is so expensive?
Spending $100 a month on phone?
Also we don't have amazon prime here, I had no idea it was so expensive
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COVxy posted...

Romes187 posted...

I really wanna see pics of Covxy.

Just post one. I have a feeling he's never had any responsibility in his own life except maybe that bio test next Monday he has to study for

Lots of assumptions you're making there big guy.

Stop going around asking for a picture of me, this isn't the first time and it's pretty fucking creepy.

well you just confirmed he is right and you obviously have no real world experience if you think making 100k means you can live anywhere in the country comfortably
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andel posted...

COVxy posted...

Romes187 posted...

I really wanna see pics of Covxy.

Just post one. I have a feeling he's never had any responsibility in his own life except maybe that bio test next Monday he has to study for

Lots of assumptions you're making there big guy.

Stop going around asking for a picture of me, this isn't the first time and it's pretty fucking creepy.

well you just confirmed he is right and you obviously have no real world experience if you think making 100k means you can live anywhere in the country comfortably

I made six figures in San Francisco and I lived comfortably. One of the most expensive metros in the US. Thanks

$175 for rent
$100 electric
$50 phone
$200 every other month for Sharp Gas
$50 DirecTV.

andel posted...

COVxy posted...

Romes187 posted...

I really wanna see pics of Covxy.

Just post one. I have a feeling he's never had any responsibility in his own life except maybe that bio test next Monday he has to study for

Lots of assumptions you're making there big guy.

Stop going around asking for a picture of me, this isn't the first time and it's pretty fucking creepy.

well you just confirmed he is right and you obviously have no real world experience if you think making 100k means you can live anywhere in the country comfortably

Ironic.

He doesn't mean any specific house obviously.
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Christ, I wish there was a way to stop a thread from bumping for you if you've posted in it ages ago.
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KhlavicLanguage posted...

FLUFFYGERM posted...

Only $80 a month for food? Are you eating only Ramen or something?

you can eat like a king off 30 a month rofl you idiot

You can't even do that in Asia where it's dirt cheap to eat...
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CE is full of rich people in denial as usual
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Utilities (Electric/water/trash/sewage) $145-180 depending on time of year as rates flux between summer/winter.
Gas $25-80 depending on time of year. Right now I'm seeing $70-80 bills for the heating.
Car gas $80-120
Phone/internet/cable $160
Netflix $11 or whatever they raised it to.

Insurance for 2 cars once a year $500
Property tax once a year $700

Cars paid for and home inherited.

And $5596 is a lot of money per month.
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FLUFFYGERM posted...

Atralis posted...

Is that before or after taxes?

My 80k salary a year turns into me making more like 4200 a month after taxes which really has changed how I think about stuff like this.

Just curious - were you one of the people who I used to argue with about taxes? It's always delicious to watch socialists turn into adults once they get their paycheck and see how much of it went to Uncle Sam and the state government.

I was never a socialist I just didn't make enough taxable income to really pay much in taxes.

FLUFFYGERM posted...

You can certainly thrive on 100k per year, even within the first year. But you'll likely have credit card debt or student loans to pay off, and you'll have some investing you'll need to do in order to have an emergency fund and any retirement fund.

when i first graduated college my starting salary was $47k and I lived by myself. I had zero debt during that entire time until I took out a loan for a car. i was also able to save 10% of salary (pre-tax) for my 401k while maxing out my Roth IRA.

my life is a direct counter-example to your claim.

edit: disclaimer that i was fortunate enough to not have student loan debt to pay off, which definitely enabled me to do this
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