Only 6000 dollars left after all my wants and needs are met. :sadness:
That's what I hate about these. Boo hoo I only have a decent sum of money after buying 2 cars and a $700k house and going on 2 vacations to Italy every year :(
And also maxing out their 401k. Between that and the super expensive house, it's not like they aren't squirreling away money.
Love to have a $3k/month mortgage payment on my $700k home, take two $4k vacations a year, and claim to be "just getting by."
Getting a 20-year mortgage on a home approved with no down payment hell yeah just barely scraping
The mortgage is like the only uninflated expense on here in my eyes. Guess it depends where you live.
Not defending it, but it's not unusual here, and is similar to what we were paying for rent on a 2 bedroom apartment
It was $2700 something and we left in 2018, I assume it's worse now. My rent (total not my split) went up about $100 a month every year from 2010 on.
Moved a ton, but still slowly being pushed out of my home by the influx of tech workers.
But still, where is that? My mortgage in the suburbs of a city of about 1 million is only like $1500, and I can get it lower really.
and also have a very comfortable contribution to the 401k with $5,700 left over per year for a rainy day fund
Buying clothes after my house fire was so fucking stressful, it was so expensive and like nothing matched because I was too out of it when shopping lol
Imagine spending that much on clothes and not just wearing the most garish, ridiculous outfits in the world every waking moment.
i am 30 years old and i'm 99% sure i haven't spent that much on clothes total
$24k on childcare when I have literally made less than that per year most of my life.
Found a place that charged $900/mo and my kid hated it because they forced her to take 2-hour long naps.
My kid will sleep that long if he's absolutely exhausted but usually only naps for about 1 hour.
Can't imagine trying to force 20 toddlers to nap for that long.
Okay but consider that you're too trash to even vacations.
how to budget literally every conceivable expense including savings, well in excess of what's ever reasonable, and still not even spend it all.
If you made $200k an hour it would take 114 years to make $200B working 24/7.
- $3000 in consumer debt is like finance charges on a credit card, right? fucking what are they financing that is not on the list being paid for in cash?
- $3000 for clothes? how many bespoke alligator suits do you need?
- $5000 for "children's lessons"? does your child even want to be a world class virtuoso cellist, or can you maybe find an after school program closer to their interests.
also, is this one asshole making $200k or two people making $100k each. based on the 401k, it's written up like 1 person makes a salary and the other is staying home. maybe that whole other adult can do some childcare or get a job instead of buying samurai swords and karate outfits all day.
$3000 for clothes? how many bespoke alligator suits do you need?
Walked into a mall to buy underpants and they hit me up at $60 for six pairs. Freakin discount jeans (that actually fit) were still running north of $40/pair. Basic polos north of $50/shirt. And its all going to disintegrate inside a few years. Everything in the mall is an absolute ripe-off. Especially when you realize how much they're wholesaling this stuff for.
$5000 for “children’s lessons”?
Assume you're doing three hours a week, that's 156 hours at around $30/hr. Hardly "virtuoso" tier training. And out in the 'burbs, its all pay-to-play.
also, is this one asshole making $200k or two people making $100k each
Probably the latter.
except no. it's not. $18000 for the 401k is the max contribution to an individual's tax deferred retirement account, per year.
Right. Which really shouldn't be an "expense" in the traditional sense, since its savings.
A lot of this list is simply "living an upper middle class lifestyle"
Something like 70% of my mortgage payment goes to interest, taxes, and insurance. The only reason I don't rent is because rental rates managed to be even worse.
Ideally. Although ask folks getting robosigned foreclosures thrown at them about how that plays out in practice.
Where the fuck do they come up with these Wolf of Wallstreet ass budgets
They are made by people who haven't had to pay attention to their bank account in a decade who are guessing at costs.
a thousand a month for food to feed three people??? what are they eating, gold? ten dollars a day per person to eat at home
10x30=300
3x300=900
1000-900=100
Your estimated cost is only 10% less than the quoted figure. Of all the categories up there, food actually seems to be the most reasonable.
My partner and I spend about $450 a month on food. One extra person does not more than double the reasonable cost for food unless they're really just going out to at least a mid-tier restaurant a couple nights a week or something.
Oh sure. I'm not arguing that the quote IS reasonable, I perhaps should have phrased it "least absurd." But a $10/day food cost is what the other commenter suggested, and for 3 people that would be $900 a month, not too much less than the figure used in the OP. In a high cost of living area that's really not too outrageous all considered, especially if they're buying "ethically" produced items that cost more than the most affordable items available. 2-3 restaurant visits per month would easily place that figure closer to $1000 per month seeing as it's impossible to find a restaurant (even fast-casual) plate for less than $10+tip, and that gets worse in high cost of living areas too.
I swear to god, half the time, I feel like I live under a rock where everything is cheap as hell. There's like one restaurant here that's above $10 plus tip, but rural Ontario is a weird time hole.
Yeah that's uh, not the general experience lol. Most major cities or metro areas cost so much goddamn money just to survive. That's why current minimum wages and poverty levels are so insulting. Just a livable food budget would take up nearly all of a person's wages/income, much less rent (mortgage lol), childcare, Healthcare, fines on poverty, so on and so forth.
Oh, absolutely. Nothing is affordable anywhere, even with shit like restaurants being cheap as fuck here. We live in a debt trap world and there is no escape.
:back-to-me-shining: :mao-aggro-shining: :trot-shining: :stalin-shining:
I know a couple of folks who had an idea or two about escape.
I've spent a bunch of time in rural Alberta, and the truth is: the only reason restaurant prices are so cheap is because they own the property. Restaurants in cities charge twice as much because they also need to pay their landlords.
I drove through a small town yesterday and the Burger Baron charged $5 for a great burger and fries. Even a McDonald's meal would have run me $12+ in the city.
making 200k and spending x4 as much on vacations than charity while saying you have it hard
Oh you know that 2k charity bit is going to be used as a tax write-off
And it's probably all going to the Thomas Malthus Fund for Micro-Loan Debt Collectors.
This is just someone who makes enough to be able to budget well
This is over three times the median household income in America, and nearly FIVE times the median individual earnings.
Even after taxes it's still twice the median household income.
$100+ left at the end of the month is doing great for most people and that's without any vacations
Jesus 5700 per
monthyear "left over" is more than twice what I'm making per month right now.Oh yeah looking at the numbers again you're right. Still I'd love to pocket two months' pay at the end of the year.
Yeah, in my thirties and basically breaking even with medical debt. Looking forward to this getting better when I'm older.
Edit: it's also after 401k, paying someone to raise their kid, 2 vacations, 3k "consumer debt" and 3k miscellaneous, so I would not call 6k getting by, no.
