Exactly! Utter bullshyt...The cost of living keeps going up and wages remain stagnant. Yet they wanna tell us we aren't saving enough![]()
Making $40k before taxes in South Florida and a respectable apartment is around $1200/month.
Exactly! Utter bullshyt...The cost of living keeps going up and wages remain stagnant. Yet they wanna tell us we aren't saving enough![]()
Pretty much every other building I looked at that was cheaper had a serious rat and or roach problem and also didn't have a garage for my car and was far away from the PATH train. People get stabbed for their cars in Jersey I wasn't risking it and I wasn't trying to live with rats and roaches or walk far and get robbed when I get home from work. I'm pretty much paying for safety.You paying 1400 to live in Newark?! Newark?!!
Must be the proximity to NYC that keeps you there.
But i may just chalk it up once my lease is up in a few months and move to Irvington because the rent should at most be $1,000 with utilities included. I'm not staying eastcoast though I am definitley going back to Chicago when my time here is done. There's no way anyone over here can save any money, but this is the GOAT learning experience for me, I'm glad I'm seeing it first hand for a little bit. The 1% really pulled it off spectacularly.
The landlords were really looking at me with a straight face when I was apartment hunting months ago, saying the rent was $1,800+ utilities to live in a small ass 1'bedroom in Teachers Village in downtown Newark and as soon as I walk out the front door it's bodegas with old dudes selling dusty fake hats and crackheads drinking out of brown liquor store bags in front of abandoned buildings. Talking about "the area is gentrifying" 


Pretty much every other building I looked at that was cheaper had a serious rat and or roach problem and also didn't have a garage for my car and was far away from the PATH train. People get stabbed for their cars in Jersey I wasn't risking it and I wasn't trying to live with rats and roaches or walk far and get robbed when I get home from work. I'm pretty much paying for safety.But i may just chalk it up once my lease is up in a few months and move to Irvington because the rent should at most be $1,000 with utilities included. I'm not staying eastcoast though I am definitley going back to Chicago when my time here is done. There's no way anyone over here can save any money, but this is the GOAT learning experience for me, I'm glad I'm seeing it first hand for a little bit. The 1% really pulled it off spectacularly.
The landlords were really looking at me with a straight face when I was apartment hunting months ago, saying the rent was $1,800+ utilities to live in a small ass 1'bedroom in Teachers Village in downtown Newark and as soon as I walk out the front door it's bodegas with old dudes selling dusty fake hats and crackheads drinking out of brown liquor store bags in front of abandoned buildings. Talking about "the area is gentrifying"
It ain't gentrified yet, why the rent so high.
It's just making me appreciate the Chi more and more every day.
He chooses not to own a car..Age 16 bought a car for $1700, still have it 3 years laterIn 1993, I was a production assistant, made $23000/yr had a 2 bedroom apt paid 500/month had a basic car 5000 of student loan debt
in 2017 my friend's son is production assistant makes 27000/yr lives with a roomate pays 799 /mo can't afford a car has 40k in student loan debt
just saying.
by 35........................... nikka pleaseWhen it comes to savings, Americans are falling short. Nearly 70% of adults have less than $1,000 in their savings accounts.
Retirement funds are looking equally bleak. In fact, about half of US families have zero retirement account savings.
"Particularly the younger generation likes to think, 'I'll save more when I'm making more.' But whether you're making $50,000 a year or $200,000 a year, we all have challenges saving," says Kimmie Greene, money expert at Intuit and spokeswoman for Mint.com.
"Because oftentimes what happens is, when people make more," she says, "they end up spending more."
The sooner you start saving — for retirement or any other major purchases you hope will be in your future — the better. After all, time is on your side when you're young, thanks to the power of compound interest.
While the amount you need in savings is highly personal, and specific dollar amounts can be arbitrary, Greene offers a simple formula to help you figure out if you're setting aside enough money.
In your 20s: Aim to save 25% of your overall gross pay, Greene tells CNBC. "That 25% is the combination of 401(k) withholdings, matching funds from your employer and any cash savings that you have," she notes. "It can also include debt repayment.
"Just make sure your lifestyle expenses don't exceed 75% of your gross income."
By age 30: Have the equivalent of your annual salary saved, Greene says. If you earn $50,000 a year, aim to have $50,000 in savings when you hit 30.
Again, this includes any retirement account contributions, matching funds from your company, cash savings, or money you have invested elsewhere, in index funds or robo-advisers.
The most important things to do with your money before 30
By age 35: Have twice your annual salary saved.
By age 40: Have three times your annual salary saved.
By age 45: Have four times your annual salary saved.
By age 50: Have five times your annual salary saved.
By age 55: Have six times your annual salary saved.
By age 60: Have seven times your annual salary saved.
By age 65: Have eight times your annual salary saved.
shyt is a joke breh.there is nothing in New Jersey worth $1,400 every month. Nothing! I'm here for work for a year and a half and I already give the northeast two thumbs down. Especially Jersey.
I don't know how people do it. I walk down the street in Newark and drive thru Irvington and The Oranges and it's all worse than any ghetto in Chicago and the people and buildings look even more dilapidated. How do you live in the same neighborhood as me if I'm clearing six figures and my rent is astronomical but you bummed out?
Bossman real talk my apartment is 740 sqft with a garage space, I pay the electric bill and that's it. $1,400 every month.. Back home in the Chi I could rent a whole house in Hoffman Estates for this much, and there ain't NOTHING in Newark except the path train to get me to NYC. I never been to Florida before but I thought it was expensive too? I can't even buy a condominium or a house in New Jersey that's not a POS and even they're over a quarter mill.
I'm blessed to earn good money and to be single so I can still save,but what if I was a regular guy making $40,000? Forget saving like the article said, I'd be homeless.
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The cost of living keeps going up and wages remain stagnant. Yet they wanna tell us we aren't saving enough![]()


Yall spend a bunch bullshyt though...DONT FRONT.
Smartphones,
Netflix
Uber
Fast Casual food
Amazon
etc
Yall spend a bunch bullshyt though...DONT FRONT.
Smartphones,
Netflix
Uber
Fast Casual food
Amazon
etc
So people aint allowed to have any luxries/fun huh?
uppity nikkas boy..
People are spending a lot more than they used to bruh...Tell the employers and greedy owners to put PRICE CAPS so that people pay no more than 25% of their paychecks on bills AFTER TAXES.
Why are people spending more than 70% of their overtaxed checks on basic necessities and rent is going up beyond inflation levels?