Nearly 40% of Americans can't cover a surprise $400 expense

[DonFrancisco]

We could drive this number down but it would take massive cultural and economic shift.

This of course is leaving some structural issues the way they are.

 

[ThrobbingHood]

How much were you making at your retail job and how much was your rent, bills and food to where it only took up 40% of your income
Numbers sounding real iffy

Breh, what I’m saying is not hard to achieve. In fact, I would’ve saved a lot more back then if I knew then what I knew now.

I worked in a T-Mobile store 40 hours a week, plus commission. 40% of my basic salary went towards rent, the commission I earned covered other bills. The numbers are only iffy to people who can’t manage their money.

Like I said:
Rent gets paid first.
Phone bill (discount for being an employee)
Other utility bills.
Food (which I cooked so I saved a ton there)
Necessities (toiletries, cleaning etc)
No car at the time as I didn’t need it.

That left me with more than enough to put in my savings and a little luxury here and there.

So please enlighten me on how those numbers are iffy?

I’ll wait.

 

[International Playa]

People still think it's cool to have a car note & have a new Iphone. Buy a second hand car & cancel that car note

 

[UberEatsDriver]

A lot of us who live in the five largest cities in this country take for granted the amount of opportunity compared to the vast majority of the country

This is a fact

 

[UberEatsDriver]

Breh, what I’m saying is not hard to achieve. In fact, I would’ve saved a lot more back then if I knew then what I knew now.

I worked in a T-Mobile store 40 hours a week, plus commission. 40% of my basic salary went towards rent, the commission I earned covered other bills. The numbers are only iffy to people who can’t manage their money.

Like I said:
Rent gets paid first.
Phone bill (discount for being an employee)
Other utility bills.
Food (which I cooked so I saved a ton there)
Necessities (toiletries, cleaning etc)
No car at the time as I didn’t need it.

That left me with more than enough to put in my savings and a little luxury here and there.

So please enlighten me on how those numbers are iffy?

I’ll wait.

When someone moves to NYC I always tell them don’t buy a car. Rent is expensive as fukk here but you’d be surprised at how long your money goes when you aren’t paying for a car note/lease, insurance and car repairs, ticket violations and EZ Pass.

shyt this makes me want to sell my car since I live next to a train station.

Matter of fact I wonder if using Zipcar is cheaper than owning a car if you do not need a car for the weekdays.

 

[ThrobbingHood]

When someone moves to NYC I always tell them don’t buy a car. Rent is expensive as fukk here but you’d be surprised at how long your money goes when you aren’t paying for a car note/lease, insurance and car repairs, ticket violations and EZ Pass.

shyt this makes me want to sell my car since I live next to a train station.

Matter of fact I wonder if using Zipcar is cheaper than owning a car if you do not need a car for the weekdays.

When I ask people to look at their car expenses, they almost cry seeing how much goes into just maintaining it. At least you can get rid of your car.

I could’ve easily brought one within the first few years of leaving college but it didn’t make any sense. I see people buying expensive cars that depreciate the moment you drive it off the lot.

If you really want a car, then get it on finance/lease, never buy one outright unless it’s a long term investment. It makes no sense in buying anything that depreciates that quickly.

 

[wastedmermaid]

Nah. We had Syrian refugees come through and get put in some of the worst parts of St. Louis.

Them nikkas wanted to go back

Guess There’s always always an exception

 

[Noriega]

Don't mind him, he was 12 years old back in 08.

my pops was in construction, laid off in 08-2011. My family went from solidly middle class to EBT overnight, I experienced the shyt first hand as a shorty

Man I work with people pulling dual 60-100k salaries getting bodied by childcare costs. One of my coworkers is dropping $1500 A MONTH in daycare costs. Combined with DC's high COL that shyt is killing them.

I never understood daycare?

nikka it was 3 of us i was never in day care in my life neither was my siblings. We stayed over cousins, godmama, church friends, neighbors, grandparents cribs when my folks had to work.

You can’t tell me everybody don’t got an older auntie they can throw $50 to watch they kid

 

[Sonic Boom of the South]

How many have new phones, new cars, and houses they can't afford? How often do they eat out?

Can't throw this statistic out there without going into good detail. Folks could make $100k/yr and still be broke

Why do u even post on this bytch


U done got caught lying numerous times



Fake drug dealer

Fake 6 figure career based off a fake resume

Fake drug arrest
Fake white collar crime arrest


Kill yaself

 

[Rawtid]

Developing good financial habits can be really challenging. I'm a shytty saver, so I always have to find creative ways to put money away and keep it there. I still struggle with sticking with the budget I set for myself.

 

[Trot LaRoc]

Most ppl dont even have $500 in savings

And pkease stop with the republican talking points about iphones, jordans n all that bs

Some ppl live above their means but there are millions of ppl who work multiple shytty jobs, dont go out to eat or buy frivilous things but can only barely cover basic expenses

WAGES HAVE BEEN STAGNANT FOR DECADES AND COSTS OF LIVING INCREASE EVERY YEAR

Fukk yall expect

I have 12k in savings and 25k 401k bc me n my wife basically went on a financial fast for 2 years. It was stressful and draining to do it but we didnt wanna be debtridden or assed out by unforeseen expenses anymore

 

[Obreh Winfrey]

Breh, what I’m saying is not hard to achieve. In fact, I would’ve saved a lot more back then if I knew then what I knew now.

I worked in a T-Mobile store 40 hours a week, plus commission. 40% of my basic salary went towards rent, the commission I earned covered other bills. The numbers are only iffy to people who can’t manage their money.

Like I said:
Rent gets paid first.
Phone bill (discount for being an employee)
Other utility bills.
Food (which I cooked so I saved a ton there)
Necessities (toiletries, cleaning etc)
No car at the time as I didn’t need it.

That left me with more than enough to put in my savings and a little luxury here and there.

So please enlighten me on how those numbers are iffy?

I’ll wait.

You ain't give no actual numbers though

 

[BaldingSoHard]

Broke motherfukkers .

 

[ThrobbingHood]

You ain't give no actual numbers though

This was nearly ten years ago. I’m not going to dig up bank statements to give accurate figures. You can take it or leave it.

 

[Trot LaRoc]

Breh, what I’m saying is not hard to achieve. In fact, I would’ve saved a lot more back then if I knew then what I knew now.

I worked in a T-Mobile store 40 hours a week, plus commission. 40% of my basic salary went towards rent, the commission I earned covered other bills. The numbers are only iffy to people who can’t manage their money.

Like I said:
Rent gets paid first.
Phone bill (discount for being an employee)
Other utility bills.
Food (which I cooked so I saved a ton there)
Necessities (toiletries, cleaning etc)
No car at the time as I didn’t need it.

That left me with more than enough to put in my savings and a little luxury here and there.

So please enlighten me on how those numbers are iffy?

I’ll wait.

Millions of folk have jobs that arent reachable by walking or public transportation. I work from home now but i used to have to drive 45 minutes to work. A car is a necessity in many parts of the country.....now you gotta pay gas, insurance and possibly a car note

Rent and utilities are high as hell in a lot of the country so even just those two ate breakin nikkas bakks in 2019. Places are nowhere ascheap as they used to be in 2009 and thats not just in major cities either

Lot of jobs are paying ppl super shyt pay for hard work and rarely give a raise and if tbey do its like 3%. Ppl look for better gigs but so are thousands of other ppl and there arent that many good fulltime jobs anymore which is why the gig economy is so big

And thats assuming you have no kids.....once kids are involved, expenses get crazy