Current Events > Zero sum budget. Who follows this, does it work for you?

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pinky0926 02/13/23 4:46:43 AM #1:	Basic idea is income minus expenses equals zero every month. So if you make 2k a month, then you calculate everything you need to spend on (including savings and entertainment) and you make sure it equals zero every month. I guess this means you aren't sitting there with a random $300 every month that you spend on whatever. Seems like a good idea and I might try it, but wondering if anyone does this already. --- CE's Resident Scotsman. http://i.imgur.com/ILz2ZbV.jpg <cite>pinky0926 posted [p:971533857] in Zero sum b... [t:80346590]...</cite> <quote>Basic idea is income minus expenses equals zero every month. So if you make 2k a month, then you calculate everything you need to spend on (including savings and entertainment) and you make sure it equals zero every month. I guess this means you aren't sitting there with a random $300 every month that you spend on whatever. Seems like a good idea and I might try it, but wondering if anyone does this already. </quote> ... Copied to Clipboard!
Gobstoppers12 02/13/23 5:28:34 AM #3:	Sounds like a great way to encounter serious issues if a major expense pops up suddenly. --- I write Naruto Fanfiction. But I am definitely not a furry. <cite>Gobstoppers12 posted [p:971534145] in Zero sum b... [t:80346590]...</cite> <quote>Sounds like a great way to encounter serious issues if a major expense pops up suddenly. </quote> ... Copied to Clipboard!
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Gobstoppers12 02/13/23 5:32:24 AM #5:	[LFAQs-redacted-quote] Suppose I did, but that just seems like...a regular budget? --- I write Naruto Fanfiction. But I am definitely not a furry. <cite>Gobstoppers12 posted [p:971534174] in Zero sum b... [t:80346590]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> Suppose I did, but that just seems like...a regular budget? </quote> ... Copied to Clipboard!
Glob 02/13/23 5:33:42 AM #6:	What is the point of this? I dont understand what youre driving at. <cite>Glob posted [p:971534184] in Zero sum b... [t:80346590]...</cite> <quote>What is the point of this? I dont understand what youre driving at.</quote> ... Copied to Clipboard!
NeonTentacles 02/13/23 5:40:34 AM #7:	So what the fuck are you gonna do when an emergency comes up or you're saving for retirement or a house? >_> --- https://imgur.com/aMaI3hj https://imgur.com/7PsdJNc https://imgur.com/eK8vZVn https://imgur.com/u2HR4nG https://imgur.com/nQGM5cZ <cite>NeonTentacles posted [p:971534225] in Zero sum b... [t:80346590]...</cite> <quote>So what the fuck are you gonna do when an emergency comes up or you're saving for retirement or a house? >_></quote> ... Copied to Clipboard!
Kakapo 02/13/23 5:48:56 AM #8:	Why not put the random 300 in savings? --- There's resounding gongs and clanging bowls, there's cats to guide my soul 24 hour party parrot <cite>Kakapo posted [p:971534296] in Zero sum b... [t:80346590]...</cite> <quote>Why not put the random 300 in savings?</quote> ... Copied to Clipboard!
Kaiganeer 02/13/23 6:02:32 AM #9:	the intermittent fasting of fiscal responsibility <cite>Kaiganeer posted [p:971534392] in Zero sum b... [t:80346590]...</cite> <quote>the intermittent fasting of fiscal responsibility </quote> ... Copied to Clipboard!
LeCh0nk 02/13/23 6:31:59 AM #10:	What people should be doing is prioritizing Mandatory expenses Savings Entertainment Additional savings if anything is left over --- @('_')@ <cite>LeCh0nk posted [p:971534600] in Zero sum b... [t:80346590]...</cite> <quote>What people should be doing is prioritizingMandatory expensesSavingsEntertainmentAdditional savings if anything is left over </quote> ... Copied to Clipboard!
party_animal07 02/13/23 6:42:04 AM #11:	Gobstoppers12 posted... Suppose I did, but that just seems like...a regular budget? It seems like a way to reduce spending. You calculate the needs and throw everything else into savings. That way you don't see an "extra" 500 and start spending it. That said, it's still just budgeting by another name. --- https://warpzone.me/wp-content/uploads/2018/08/GRANDIA_-696x509.jpg <cite>party_animal07 posted [p:971534663] in Zero sum b... [t:80346590]...</cite> <quote>Gobstoppers12 posted... </cite><quote>Suppose I did, but that just seems like...a regular budget?</quote>It seems like a way to reduce spending. You calculate the needs and throw everything else into savings. That way you don't see an "extra" 500 and start spending it.That said, it's still just budgeting by another name.</quote> ... Copied to Clipboard!
EndOfDiscOne 02/13/23 7:06:39 AM #12:	Who counts savings as spending? --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna *COMBINED!* <cite>EndOfDiscOne posted [p:971534901] in Zero sum b... [t:80346590]...</cite> <quote>Who counts savings as spending?</quote> ... Copied to Clipboard!
COVxy 02/13/23 7:08:24 AM #13:	This is called living "paycheck to paycheck", so I'm not sure why it's given a different name. --- =E[(x-E[x])(y-E[y])] <cite>COVxy posted [p:971534919] in Zero sum b... [t:80346590]...</cite> <quote>This is called living "paycheck to paycheck", so I'm not sure why it's given a different name.</quote> ... Copied to Clipboard!
SHRlKE 02/13/23 7:12:46 AM #14:	pinky0926 posted... Basic idea is income minus expenses equals zero every month. So if you make 2k a month, then you calculate everything you need to spend on (including savings and entertainment) and you make sure it equals zero every month. How does this differ to a normal budget? To me the only difference here is whether you put a set amount into savings at the start of the month or wait until the end and put in what you have left over. I imagine putting the money in at the start of the month is much better so you can make long term plans more effectively. Also lol at everyone not reading the OP properly. <cite>SHRlKE posted [p:971534966] in Zero sum b... [t:80346590]...</cite> <quote>pinky0926 posted... </cite><quote>Basic idea is income minus expenses equals zero every month. So if you make 2k a month, then you calculate everything you need to spend on (including savings and entertainment) and you make sure it equals zero every month. </quote>How does this differ to a normal budget?To me the only difference here is whether you put a set amount into savings at the start of the month or wait until the end and put in what you have left over.I imagine putting the money in at the start of the month is much better so you can make long term plans more effectively. Also lol at everyone not reading the OP properly.</quote> ... Copied to Clipboard!
SHRlKE 02/13/23 7:13:12 AM #15:	party_animal07 posted... It seems like a way to reduce spending. You calculate the needs and throw everything else into savings. That way you don't see an "extra" 500 and start spending it. Yeah exactly what I was thinking. <cite>SHRlKE posted [p:971534971] in Zero sum b... [t:80346590]...</cite> <quote>party_animal07 posted... </cite><quote>It seems like a way to reduce spending. You calculate the needs and throw everything else into savings. That way you don't see an "extra" 500 and start spending it.</quote>Yeah exactly what I was thinking. </quote> ... Copied to Clipboard!
Zanzenburger 02/13/23 7:26:56 AM #16:	This is the main concept of the YNAB app (You Need a Budget). This budgeting app has you budget our your monthly income to the most granular level (including savings, investments, and contributions towards vacation and your emergency fund). You are given a monthly budget (which is your total monthly income linked to your money accounts). You need to make sure everything is allocated so that topline amount is 0. By that point, you are paying your bills, giving yourself some wiggle room for entertainment, building up your savings and investments, and keeping an emergency fund you add into every month. I've been doing this for years and it has saved me tons of money. It's really how most budgeting should happen but requires some discipline to do and it does take some getting used to. If I didn't allocate for it this month, I cant spend money on it. --- Congratulations! Your post was deemed response-worthy. <cite>Zanzenburger posted [p:971535124] in Zero sum b... [t:80346590]...</cite> <quote>This is the main concept of the YNAB app (You Need a Budget). This budgeting app has you budget our your monthly income to the most granular level (including savings, investments, and contributions towards vacation and your emergency fund).You are given a monthly budget (which is your total monthly income linked to your money accounts). You need to make sure everything is allocated so that topline amount is 0.By that point, you are paying your bills, giving yourself some wiggle room for entertainment, building up your savings and investments, and keeping an emergency fund you add into every month.I've been doing this for years and it has saved me tons of money. It's really how most budgeting should happen but requires some discipline to do and it does take some getting used to. If I didn't allocate for it this month, I cant spend money on it.</quote> ... Copied to Clipboard!
Zanzenburger 02/13/23 7:28:23 AM #17:	SHRlKE posted... To me the only difference here is whether you put a set amount into savings at the start of the month or wait until the end and put in what you have left over. I imagine putting the money in at the start of the month is much better so you can make long term plans more effectively. Correct. You treat your savings (and emergency fund by extension) as an "expense" you need to budget for at the beginning of the month. You basically decide how much you want to save, then work the rest of your budget based on what's left over, instead of the other way around. It makes wealth-building the focal point of your budgeting, not an afterthought. --- Congratulations! Your post was deemed response-worthy. <cite>Zanzenburger posted [p:971535137] in Zero sum b... [t:80346590]...</cite> <quote>SHRlKE posted... </cite><quote>To me the only difference here is whether you put a set amount into savings at the start of the month or wait until the end and put in what you have left over.I imagine putting the money in at the start of the month is much better so you can make long term plans more effectively.</quote>Correct. You treat your savings (and emergency fund by extension) as an "expense" you need to budget for at the beginning of the month. You basically decide how much you want to save, then work the rest of your budget based on what's left over, instead of the other way around.It makes wealth-building the focal point of your budgeting, not an afterthought.</quote> ... Copied to Clipboard!
Jagr_68 02/13/23 7:29:35 AM #18:	COVxy posted... This is called living "paycheck to paycheck", so I'm not sure why it's given a different name. --- New York Rangers [2004-2008] https://media.giphy.com/media/WvQHBYW0q4TuxdAg61/giphy.gif https://psnprofiles.com/Jaromiroquai68 <cite>Jagr_68 posted [p:971535153] in Zero sum b... [t:80346590]...</cite> <quote>COVxy posted... </cite><quote>This is called living "paycheck to paycheck", so I'm not sure why it's given a different name.</quote></quote> ... Copied to Clipboard!
lifespeedrunner 02/13/23 7:30:42 AM #19:	I would be okay with this if buying stocks on Robinhood can count as an expense <cite>lifespeedrunner posted [p:971535167] in Zero sum b... [t:80346590]...</cite> <quote>I would be okay with this if buying stocks on Robinhood can count as an expense</quote> ... Copied to Clipboard!
SHRlKE 02/13/23 7:31:51 AM #20:	COVxy posted... This is called living "paycheck to paycheck", so I'm not sure why it's given a different name. Normally when I hear "paycheck to paycheck" it had negative connotations but if you use it in this context it doesn't at all. Weird. <cite>SHRlKE posted [p:971535181] in Zero sum b... [t:80346590]...</cite> <quote>COVxy posted... </cite><quote>This is called living "paycheck to paycheck", so I'm not sure why it's given a different name.</quote>Normally when I hear "paycheck to paycheck" it had negative connotations but if you use it in this context it doesn't at all. Weird.</quote> ... Copied to Clipboard!
opopopza 02/13/23 7:36:48 AM #21:	SHRlKE posted... Normally when I hear "paycheck to paycheck" it had negative connotations but if you use it in this context it doesn't at all. Weird. 'Paycheck to paycheck' is a meaningless term when you see it in news articles, for this exact reason. You can make $150K and still live paycheck to paycheck, because people count your 401K or other retirement funds as an expense. The phrase makes it sound much more dramatic. --- Can you say David Hasselhoff? <cite>opopopza posted [p:971535221] in Zero sum b... [t:80346590]...</cite> <quote>SHRlKE posted... </cite><quote>Normally when I hear "paycheck to paycheck" it had negative connotations but if you use it in this context it doesn't at all. Weird.</quote>'Paycheck to paycheck' is a meaningless term when you see it in news articles, for this exact reason. You can make $150K and still live paycheck to paycheck, because people count your 401K or other retirement funds as an expense. The phrase makes it sound much more dramatic. </quote> ... Copied to Clipboard!
SHRlKE 02/13/23 8:06:38 AM #22:	opopopza posted... 'Paycheck to paycheck' is a meaningless term when you see it in news articles, for this exact reason. You can make $150K and still live paycheck to paycheck, because people count your 401K or other retirement funds as an expense. The phrase makes it sound much more dramatic. I think it is meant to mean doesnt earn enough to be able to have any savings. One of those weird things where the literal definition doesnt match the one most people understand it to mean. I suppose it depends how anal you are on things like that. <cite>SHRlKE posted [p:971535494] in Zero sum b... [t:80346590]...</cite> <quote>opopopza posted... </cite><quote>'Paycheck to paycheck' is a meaningless term when you see it in news articles, for this exact reason. You can make $150K and still live paycheck to paycheck, because people count your 401K or other retirement funds as an expense. The phrase makes it sound much more dramatic.</quote>I think it is meant to mean doesnt earn enough to be able to have any savings. One of those weird things where the literal definition doesnt match the one most people understand it to mean. I suppose it depends how anal you are on things like that. </quote> ... Copied to Clipboard!
pinky0926 02/13/23 8:41:47 AM #23:	COVxy posted... This is called living "paycheck to paycheck", so I'm not sure why it's given a different name. I've always understood that term to mean "I don't have the means to increase my wealth or standard of living at all", which is not what this is --- CE's Resident Scotsman. http://i.imgur.com/ILz2ZbV.jpg <cite>pinky0926 posted [p:971535884] in Zero sum b... [t:80346590]...</cite> <quote>COVxy posted... </cite><quote>This is called living "paycheck to paycheck", so I'm not sure why it's given a different name.</quote>I've always understood that term to mean "I don't have the means to increase my wealth or standard of living at all", which is not what this is </quote> ... Copied to Clipboard!
Jiek_Fafn 02/13/23 8:45:13 AM #24:	I used to do this when I first got out of college and money was really tight. I essentially gave myself a weekly allowance for non essentials. It sucked in that situation because that extra money was very little. Like one of my splurges were two chili dogs every Friday. That was tge extent of my financial irresponsibility. Now that things aren't tight, it's not really necessary and I'd rather not spend the mental energy counting every penny --- I don't believe in belts. There should be no ranking system for toughness. <cite>Jiek_Fafn posted [p:971535919] in Zero sum b... [t:80346590]...</cite> <quote>I used to do this when I first got out of college and money was really tight. I essentially gave myself a weekly allowance for non essentials. It sucked in that situation because that extra money was very little. Like one of my splurges were two chili dogs every Friday. That was tge extent of my financial irresponsibility. Now that things aren't tight, it's not really necessary and I'd rather not spend the mental energy counting every penny</quote> ... Copied to Clipboard!
COVxy 02/13/23 8:45:16 AM #25:	pinky0926 posted... I've always understood that term to mean "I don't have the means to increase my wealth or standard of living at all", which is not what this is How do people usually use the term? You decide: https://fortune.com/2023/01/30/more-high-earning-americans-stretching-paycheck-inflation/ About 50.8% of those earning over $100,000 reported living paycheck to paycheck in December, according to the PYMNTS research. --- =E[(x-E[x])(y-E[y])] <cite>COVxy posted [p:971535920] in Zero sum b... [t:80346590]...</cite> <quote>pinky0926 posted... </cite><quote>I've always understood that term to mean "I don't have the means to increase my wealth or standard of living at all", which is not what this is</quote>How do people usually use the term? You decide:https://fortune.com/2023/01/30/more-high-earning-americans-stretching-paycheck-inflation/<quote>About 50.8% of those earning over $100,000 reported living paycheck to paycheck in December, according to the PYMNTS research. </quote></quote> ... Copied to Clipboard!
divot1338 02/13/23 8:50:07 AM #26:	Is there a reason we have to calculate our budget in this weird way? Is this intended for people who dont have regular jobs and just need to earn some fluctuating amount of money? --- Moustache twirling villian https://i.imgur.com/U3lt3H4.jpg- Kerbey <cite>divot1338 posted [p:971535977] in Zero sum b... [t:80346590]...</cite> <quote>Is there a reason we have to calculate our budget in this weird way? Is this intended for people who dont have regular jobs and just need to earn some fluctuating amount of money?</quote> ... Copied to Clipboard!
Jiek_Fafn 02/13/23 8:59:44 AM #27:	divot1338 posted... Is there a reason we have to calculate our budget in this weird way? Is this intended for people who dont have regular jobs and just need to earn some fluctuating amount of money? I found it helpful for paying off debt by a target date and then having a time frame to then switch to saving at a less stressful rate --- I don't believe in belts. There should be no ranking system for toughness. <cite>Jiek_Fafn posted [p:971536098] in Zero sum b... [t:80346590]...</cite> <quote>divot1338 posted... </cite><quote>Is there a reason we have to calculate our budget in this weird way? Is this intended for people who dont have regular jobs and just need to earn some fluctuating amount of money?</quote>I found it helpful for paying off debt by a target date and then having a time frame to then switch to saving at a less stressful rate</quote> ... Copied to Clipboard!
Nemu 02/13/23 9:00:47 AM #28:	I dont really understand what benefit you think it provides. If you have the ability to accrue savings without spending it, then just toss whatever leftover money you have into your savings. If you have some kind of mental thing where you cant help but spend spare money, I guess that could somehow work, but you clearly dont have that issue. <cite>Nemu posted [p:971536114] in Zero sum b... [t:80346590]...</cite> <quote>I dont really understand what benefit you think it provides. If you have the ability to accrue savings without spending it, then just toss whatever leftover money you have into your savings. If you have some kind of mental thing where you cant help but spend spare money, I guess that could somehow work, but you clearly dont have that issue.</quote> ... Copied to Clipboard!
famfam 02/13/23 9:04:37 AM #29:	everyone is living paycheck to paycheck (in a literal sense). You live, receive a paycheck, continue to live, and then receive another paycheck, etc. How you define it usually has something to do with how much one is saving. And the negative connotations exist because people want it to sound bad, and put people down because they are "poor". Everyone essentially deals with mandatory expenses, optional expenses, and savings. The distribution of those three things and where they put them is where the differences are. <cite>famfam posted [p:971536151] in Zero sum b... [t:80346590]...</cite> <quote>everyone is living paycheck to paycheck (in a literal sense). You live, receive a paycheck, continue to live, and then receive another paycheck, etc.How you define it usually has something to do with how much one is saving. And the negative connotations exist because people want it to sound bad, and put people down because they are "poor". Everyone essentially deals with mandatory expenses, optional expenses, and savings. The distribution of those three things and where they put them is where the differences are.</quote> ... Copied to Clipboard!
pinky0926 02/13/23 9:20:02 AM #31:	COVxy posted... How do people usually use the term? You decide: https://fortune.com/2023/01/30/more-high-earning-americans-stretching-paycheck-inflation/ If we're going to have a semantical discussion, I guess when people use the term "paycheck to paycheck" I take that to mean their budget is stretched so thin that have no room to save. Maybe I'm wrong about that, but in any case that would be a different thing from "I've accounted for every penny and don't end up with any leftover at the end of the month". --- CE's Resident Scotsman. http://i.imgur.com/ILz2ZbV.jpg <cite>pinky0926 posted [p:971536282] in Zero sum b... [t:80346590]...</cite> <quote>COVxy posted... </cite><quote>How do people usually use the term? You decide:https://fortune.com/2023/01/30/more-high-earning-americans-stretching-paycheck-inflation/</quote>If we're going to have a semantical discussion, I guess when people use the term "paycheck to paycheck" I take that to mean their budget is stretched so thin that have no room to save. Maybe I'm wrong about that, but in any case that would be a different thing from "I've accounted for every penny and don't end up with any leftover at the end of the month".</quote> ... Copied to Clipboard!
Glob 02/13/23 9:20:55 AM #32:	famfam posted... everyone is living paycheck to paycheck (in a literal sense). You live, receive a paycheck, continue to live, and then receive another paycheck, etc. How you define it usually has something to do with how much one is saving. And the negative connotations exist because people want it to sound bad, and put people down because they are "poor". Everyone essentially deals with mandatory expenses, optional expenses, and savings. The distribution of those three things and where they put them is where the differences are. I think for me its always meant that if for some reason you didnt get your next payday, youd be royally fucked. I know there are points in my life where thats been the case for me. It happens when youre barely making enough to survive. However, now, if for some reason I didnt get paid for the next few months, it would be a minor inconvenience financially. <cite>Glob posted [p:971536294] in Zero sum b... [t:80346590]...</cite> <quote>famfam posted... </cite><quote>everyone is living paycheck to paycheck (in a literal sense). You live, receive a paycheck, continue to live, and then receive another paycheck, etc.How you define it usually has something to do with how much one is saving. And the negative connotations exist because people want it to sound bad, and put people down because they are "poor". Everyone essentially deals with mandatory expenses, optional expenses, and savings. The distribution of those three things and where they put them is where the differences are.</quote>I think for me its always meant that if for some reason you didnt get your next payday, youd be royally fucked.I know there are points in my life where thats been the case for me. It happens when youre barely making enough to survive.However, now, if for some reason I didnt get paid for the next few months, it would be a minor inconvenience financially.</quote> ... Copied to Clipboard!
COVxy 02/13/23 9:21:04 AM #33:	pinky0926 posted... If we're going to have a semantical discussion, I guess when people use the term "paycheck to paycheck" I take that to mean their budget is stretched so thin that have no room to save. Maybe I'm wrong about that, but in any case that would be a different thing from "I've accounted for every penny and don't end up with any leftover at the end of the month". I mean, I think it would be absurd to think that over half of Americans making over 100k don't contribute into a 401k for instance. By that virtue alone, we can know that people aren't following your definition. --- =E[(x-E[x])(y-E[y])] <cite>COVxy posted [p:971536297] in Zero sum b... [t:80346590]...</cite> <quote>pinky0926 posted... </cite><quote>If we're going to have a semantical discussion, I guess when people use the term "paycheck to paycheck" I take that to mean their budget is stretched so thin that have no room to save. Maybe I'm wrong about that, but in any case that would be a different thing from "I've accounted for every penny and don't end up with any leftover at the end of the month".</quote>I mean, I think it would be absurd to think that over half of Americans making over 100k don't contribute into a 401k for instance. By that virtue alone, we can know that people aren't following your definition.</quote> ... Copied to Clipboard!
famfam 02/13/23 9:27:14 AM #34:	COVxy posted... I mean, I think it would be absurd to think that over half of Americans making over 100k don't contribute into a 401k for instance. By that virtue alone, we can know that people aren't following your definition. I suspect the definition means that people don't have enough to cover their weekly/monthly expenses without the money they get from their most recent paycheck (i.e., they already invested/put into savings the money from their previous paycheck, with the expectation that their next paycheck will cover their next mortgage/rent, groceries, etc.). It's mainly just a matter of where people have their money sitting. In other words, half of people making over 100k keep money in checking that is over what they need during the next pay cycle, and half of the people put all their money away, expecting their next paycheck to cover their upcoming expenses. <cite>famfam posted [p:971536396] in Zero sum b... [t:80346590]...</cite> <quote>COVxy posted... </cite><quote>I mean, I think it would be absurd to think that over half of Americans making over 100k don't contribute into a 401k for instance. By that virtue alone, we can know that people aren't following your definition.</quote>I suspect the definition means that people don't have enough to cover their weekly/monthly expenses without the money they get from their most recent paycheck (i.e., they already invested/put into savings the money from their previous paycheck, with the expectation that their next paycheck will cover their next mortgage/rent, groceries, etc.). It's mainly just a matter of where people have their money sitting. In other words, half of people making over 100k keep money in checking that is over what they need during the next pay cycle, and half of the people put all their money away, expecting their next paycheck to cover their upcoming expenses.</quote> ... Copied to Clipboard!
AloneIBreak 02/13/23 9:35:42 AM #35:	Its not living paycheck to paycheck in any remotely meaningful sense of the term and any suggestion otherwise is embarrassingly ignorant and unread. Zero based budgeting works if youre trying to save money or get out of debt or otherwise have sloppy financial habits. Assigning out your money ahead of time keeps you from mindless spending, in theory. Dave Ramsey is famous for advocating it for people who are in debt and there are apps out there to help you. If youre interested, try it and see how it goes. You Need A Budget has a month or so free trial if you want to give it a whirl. --- "The civilized man, where he cannot admire, will aim rather at understanding than at reprobating." - Bertrand Russell <cite>AloneIBreak posted [p:971536561] in Zero sum b... [t:80346590]...</cite> <quote>Its not living paycheck to paycheck in any remotely meaningful sense of the term and any suggestion otherwise is embarrassingly ignorant and unread. Zero based budgeting works if youre trying to save money or get out of debt or otherwise have sloppy financial habits. Assigning out your money ahead of time keeps you from mindless spending, in theory. Dave Ramsey is famous for advocating it for people who are in debt and there are apps out there to help you. If youre interested, try it and see how it goes. You Need A Budget has a month or so free trial if you want to give it a whirl. </quote> ... Copied to Clipboard!
COVxy 02/13/23 9:58:44 AM #36:	When most of the upper middle class and above report "living paycheck-to-paycheck", you might suspect that the term isn't used the way you think it's used! --- =E[(x-E[x])(y-E[y])] <cite>COVxy posted [p:971536951] in Zero sum b... [t:80346590]...</cite> <quote>When most of the upper middle class and above report "living paycheck-to-paycheck", you might suspect that the term isn't used the way you think it's used!</quote> ... Copied to Clipboard!
Makeveli_lives 02/13/23 10:02:00 AM #37:	My budget is pay my bills and save at least 500 a month. If I can do that Im happy. --- Switch FC: SW-3917-4425-6106 PSN: PiKappaPhi769 <cite>Makeveli_lives posted [p:971537011] in Zero sum b... [t:80346590]...</cite> <quote>My budget is pay my bills and save at least 500 a month. If I can do that Im happy. </quote> ... Copied to Clipboard!
Glob 02/13/23 10:06:34 AM #38:	Makeveli_lives posted... My budget is pay my bills and save at least 500 a month. If I can do that Im happy. The amount I save each month varies dramatically because I dont budget at all. <cite>Glob posted [p:971537107] in Zero sum b... [t:80346590]...</cite> <quote>Makeveli_lives posted... </cite><quote>My budget is pay my bills and save at least 500 a month. If I can do that Im happy.</quote>The amount I save each month varies dramatically because I dont budget at all.</quote> ... Copied to Clipboard!
emblem-man 02/13/23 10:13:59 AM #39:	It seems good to do for a couple months in order to better understand where your money is going. Long term, it'd be good to then develop an intuitive sense of your money spending so you don't have to do this level of work every month. Then just spend 2-3 months a year doing to to make sure you're keeping in track. --- http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.png haters gonna hate <cite>emblem-man posted [p:971537233] in Zero sum b... [t:80346590]...</cite> <quote>It seems good to do for a couple months in order to better understand where your money is going. Long term, it'd be good to then develop an intuitive sense of your money spending so you don't have to do this level of work every month. Then just spend 2-3 months a year doing to to make sure you're keeping in track.</quote> ... Copied to Clipboard!
Squall28 02/13/23 10:28:01 AM #40:	I think it's stupid because people already have this weird notion that you can't hold onto money. I see so many people who HAVE TO spend their bonus or whatever extra money they come across. Or if they have like money set aside for clothes or something that month, they HAVE TO find something to spend it on. My family's model growing up is find good deals for stuff you need, and don't waste money on dumb stuff. Allowed our family to get by on waiter's salary growing up and allowed me to save tons of money as an adult because whatever money I have left, I can just invest. I'm not like hey I saved my $300 for the month, time to go CRAZY!!! --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:971537465] in Zero sum b... [t:80346590]...</cite> <quote>I think it's stupid because people already have this weird notion that you can't hold onto money. I see so many people who HAVE TO spend their bonus or whatever extra money they come across. Or if they have like money set aside for clothes or something that month, they HAVE TO find something to spend it on.My family's model growing up is find good deals for stuff you need, and don't waste money on dumb stuff. Allowed our family to get by on waiter's salary growing up and allowed me to save tons of money as an adult because whatever money I have left, I can just invest. I'm not like hey I saved my $300 for the month, time to go CRAZY!!!</quote> ... Copied to Clipboard!
SHRlKE 02/13/23 11:46:44 AM #41:	pinky0926 posted... If we're going to have a semantical discussion, I guess when people use the term "paycheck to paycheck" I take that to mean their budget is stretched so thin that have no room to save. Maybe I'm wrong about that, but in any case that would be a different thing from "I've accounted for every penny and don't end up with any leftover at the end of the month". Yeah that's how I usually here it. This is a semantic debate. It's entirely possible for people on 100k to live paycheck to paycheck in that sense because some people are just shit with money and people tend to always live beyond their means. <cite>SHRlKE posted [p:971539141] in Zero sum b... [t:80346590]...</cite> <quote>pinky0926 posted... </cite><quote>If we're going to have a semantical discussion, I guess when people use the term "paycheck to paycheck" I take that to mean their budget is stretched so thin that have no room to save. Maybe I'm wrong about that, but in any case that would be a different thing from "I've accounted for every penny and don't end up with any leftover at the end of the month".</quote>Yeah that's how I usually here it. This is a semantic debate. It's entirely possible for people on 100k to live paycheck to paycheck in that sense because some people are just shit with money and people tend to always live beyond their means.</quote> ... Copied to Clipboard!
EndOfDiscOne 02/13/23 1:22:41 PM #42:	I can see it both ways. Someone could contribute $22,000 to their 401k and still think of themselves living paycheck to paycheck, since that $22,000 never hits their checking account. I'd say this person is wrong to think of themselves as poor, but it might feel that way to them. It would be different if they put $22,000 into their Robinhood account. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna *COMBINED!* <cite>EndOfDiscOne posted [p:971541174] in Zero sum b... [t:80346590]...</cite> <quote>I can see it both ways. Someone could contribute $22,000 to their 401k and still think of themselves living paycheck to paycheck, since that $22,000 never hits their checking account. I'd say this person is wrong to think of themselves as poor, but it might feel that way to them. It would be different if they put $22,000 into their Robinhood account.</quote> ... Copied to Clipboard!
rexcrk 02/15/23 10:10:27 AM #43:	Thats pretty much how I live already lol. I know how much I make, I make sure to live frugally enough to put money into 401k and an IRA and still have money for fun things. --- Fate rarely calls on us at a moment of our choosing. <cite>rexcrk posted [p:971581104] in Zero sum b... [t:80346590]...</cite> <quote>Thats pretty much how I live already lol. I know how much I make, I make sure to live frugally enough to put money into 401k and an IRA and still have money for fun things. </quote> ... Copied to Clipboard!
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