How do people with a job literally have ZERO money in their bank?

[beenz]

that's what I'm saying. Homeboy must have been "lucky" enough to live with his folks.


When I came out of college I was making 50K and was living paycheck to paycheck myself.

After taxes and 401K, 55K a year is about $2400 a month which doesn't take you very far in the DC area.

rent - $900
car - $200
insurance - $100
energy bill - $200
cable - $100
student loans - $200

that basically left me with $700 for gas, food, and (god forbid) emergencies.


thankfully I was able to get a new job within a year of my first job that paid 75K but up until then shyt was a struggle!

my brother lives in DC, in walking distance of the white house (like 10 blocks away), and you DEFINITELY don't need a whip to live in DC. especially since his job is in walking distance of the house. so cutting out car and insurance would save you $300 monthly alone. I'd cop a bike and NEVER drive if I lived out there in DC.

 

[beenz]

marriage credit + 2 dependants = you paying way less in taxes than a single person with no kids who has the same salary as you.

no doubt. getting that tax credit off the mortgage interest from my house as well

 

[Mr. Jack Napier]

man, I agree with you. I have excel spreadsheets where I track my spending for all my accounts and write down ALL my expenditures. it sounds stupid, but it really helps me out in the long run.

I do the same thing in excel, I just started doing it at the beginning of the year. For example, if I go over budget on something like eating out for, I know that the following week I won't eat out.

And I might have been "lucky" living at home, but homie was "lucky" to make 50k coming right out of college. I know plenty of people who had to get jobs in retail (myself included) right out of college.

 

[beenz]

always an exception to the rule

I'm just saying dude on his high horse been married for 10 plus years with two good incomes coming in, living in south side chicago (no offense to anyone who lives there)

now compare that lifestyle to a single male living in nyc or la, or a married couple living in nyc where only one works and one stays home to rear the kids.

I remember years ago when I had heart problems and my meds (that didnt even work) i had a crummy health plan at work and was dishing out nearly 300 a month

my wife and my youngest daughter have a seizure disorder, so shyt ain't all sweet over here.

 

[Zero]

Op always telling us how great his life is

ie


Ohh my wife is skinny

Ohh I work from home

Ohh coli should I take a higher paid job or this new other job blah blah

I have a man cave





Mane stfu

 

[BillBanneker]

my brother lives in DC, in walking distance of the white house (like 10 blocks away), and you DEFINITELY don't need a whip to live in DC. especially since his job is in walking distance of the house. so cutting out car and insurance would save you $300 monthly alone. I'd cop a bike and NEVER drive if I lived out there in DC.

It all depends on where you work. DC area is very weird like that, not all jobs are convenient to public transit and the cost of living in the city was crazy last time I stayed there, and was only going up.

 

[beenz]

I do the same thing in excel, I just started doing it at the beginning of the year. For example, if I go over budget on something like eating out for, I know that the following week I won't eat out.

And I might have been "lucky" living at home, but homie was "lucky" to make 50k coming right out of college. I know plenty of people who had to get jobs in retail (myself included) right out of college.

I came out of college in 2000. my first job was paying like 35K a year. I thought I was ballin, but I really wasnt'. the rent for my 1BR apt was like $600, I was paying into the 401K and paying student loans. so I was barely scraping by. I still managed to stash a couple hundred away every month tho.

 

[dora_da_destroyer]

I always got savings, but I've definitely spent my checking to zero (or over draft) doing lavish shyt...trips, a weave, shopping spree, spa weekends, etc. I do all that, pay cash (debit) or pay it off my credit cards real quick and end up with no money til the next pay check. I don't mind, I definitely live my life as ball til you fall. It's just me, I make my own money so I spend how I like

 

[Mr. Jack Napier]

I came out of college in 2000. my first job was paying like 35K a year. I thought I was ballin, but I really wasnt'. the rent for my 1BR apt was like $600, I was paying into the 401K and paying student loans. so I was barely scraping by. I still managed to stash a couple hundred away every month tho.

They don't hear you though...

 

[Perpetual Beast]

OP is confirmed 23 or younger.... wait til real life happens kid...my situation was like that for years cause shyt just pops up...

need new tires? 500 gone...
student loans comin out? 200+ gone
son or myself gets sick ? Varies on medical bill
Lawyer fees over an NCA? 2000+ gone
moving costs? 400+
Travel out of state personal/business 100+ in data charges

Plus 1000 other things... it's hilarious how easily you can tell who's grown and who is still learning to walk on this thing lol

 

[MikelArteta]

I always got savings, but I've definitely spent my checking to zero (or over draft) doing lavish shyt...trips, a weave, shopping spree, spa weekends, etc. I do all that, pay cash (debit) or pay it off my credit cards real quick and end up with no money til the next pay check. I don't mind, I definitely live my life as ball til you fall. It's just me, I make my own money so I spend how I like

enjoy your life you never know when it can end

 

[MikelArteta]

OP is confirmed 23 or younger.... wait til real life happens kid...my situation was like that for years cause shyt just pops up...

need new tires? 500 gone...
student loans comin out? 200+ gone
son or myself gets sick ? Varies on medical bill
Lawyer fees over an NCA? 2000+ gone
moving costs? 400+
Travel out of state personal/business 100+ in data charges

Plus 1000 other things... it's hilarious how easily you can tell who's grown and who is still learning to walk on this thing lol

nah op is in his 30s with 2 great incomes coming in every two weeks

 

[beenz]

It all depends on where you work. DC area is very weird like that, not all jobs are convenient to public transit and the cost of living in the city was crazy last time I stayed there, and was only going up.

I know dude lives downtown and not far from the white house (which is suprisingly small in real life).

he doesn't really need public transportation to get to work, so he could save a lot of money considering he has a whip and is paying for a parking spot.

personally, I'd NEVER live in a place where parking isn't included. and by parking, I mean a full garage for my whip.

 

[beenz]

marriage credit + 2 dependants = you paying way less in taxes than a single person with no kids who has the same salary as you.

what can I say? get married breh's

 

[shutterguy]

Finances and fiscal responsibility aren't taught at any level. USA is a very credit happy country which most people cannot manage

Poor planning
Poor responsibility
Poor knowledge
= A lot of people eirher broke or living paycheck to paycheck

that truth on the bolded. I work at a job that deals in financing what would be considered luxury items to a bank. Not necessities like a car or house. Most people don't know their credit score, have plenty of credit cards, and no money till payday.