Living on 60k a year as a single person

[Anonymous No.55997084]

$3660 a month after taxes

Expenses:
>$1800 rent
>$200 utilities
>$350 groceries
>$150 eating out
>$350 student loan payment
>$40 phone service
>$20 phone installment
>$100 health insurance (subsidized by employer)
>$100 car insurance
>$50 gas
>$30 household items
>$30 subscriptions
>$50 save for new electronics and appliances
>$10 renters insurance

$3280 total. I have $380 left to save every month. If I save 380 a month in the S&P 500 for 40 years I will have a almost exactly 1 million dollars at age 65.

And to think there are people out there making 30k/yr

[Anonymous No.55997099]

>>55997084
Im sorry but I know its a low cost, but what the fuck is
>renters insurance

The USA sounds like a literal hellhole.

[Anonymous No.55997104]

You're overpaying by a lot. They shouldn't be taking out 40% of your pay

[Anonymous No.55997116]

>>55997084
my dude thats not how the market works... sure s&p looks like a good sound investment but there really are nuances in finance to account for including market stagnation and regression to say the least

[Anonymous No.55997124]

Here's the trick: move back to your parent's.

[Anonymous No.55997134]

>>55997104
After 6% state tax and FICA tax my effective rate is about 26-27%

[Anonymous No.55997140]

>>55997099
The building owners fire insurance does not cover the personal items of the tenants.

[Anonymous No.55997147]

>>55997124
no the trick is to learn the basics of economics and realize how hard youre getting fucked and how shit the gov is

[Anonymous No.55997155]

>>55997099
It’s like homeowners insurance but it mostly just covers your personal property from theft/fire/etc

[Anonymous No.55997160]

$3000 roughly monthly here

Expenses:
>$100 storage rent
>$0 utilities
Lmao, get a tea kettle and wear a sweater
>$350 groceries
Ebt. 33 trillion in debt. Get your slice
>$0 eating out
Lmao
>$0 student loan payment
Well well well we got us one of them college educated city boys here
>$100 phone service
You beat me here, but only because I need giga network where nothing is beyond my reach
>$0 phone installment
?
>$0 health insurance (subsidized by employer)
??
>$0 car insurance
???
>$0 gas
???? DEX trading?
>$0 household items
????? Lmao
>$10 subscriptions
Love me pandora. Simple as
>$0 save for new electronics and appliances
Lmao just cash out crypto when you need new electronics retard
>$10 storage unit insurance
Lol @ your life. I bet you're Fats as fuck too

[Anonymous No.55997178]

>>55997084
I make three times asich as you and only take home twice as much.

[Anonymous No.55997195]

>>55997084
lol I'm Canadian and currently make $62.5 cad if I don't work overtime. My monthly take home pay after all deductions is $3280. My rent is only $1080 though.

[Anonymous No.55997273]

>>55997084
$1800 rent
move to the midwest where you can find decent apartments for under $1000
>$150 eating out
learn how to cook
>$350 student loan
use the new SAVE plan to reduce your payment

[Anonymous No.55997284]

Living on 40k a year as a single person
Expenses
>1300 for everything
Lol

[Anonymous No.55997298]

>>55997134
You live in Hawaii or something. Even California is lower

[Anonymous No.55997310]

>$1800 rent for a single person
But why?

[Anonymous No.55997317]

>>55997310
HUSTLE. AND. BUSTLE.

[Anonymous No.55997349]

>>55997310

I'm paying $1540 for a one bedroom because it's midway to my job and close to my college. I'm making $3200

[Anonymous No.55997377]

>>55997084
where the fuck you live, manhattan? That rent is insane for what im assuming is a 1 bedroom place. Fucking move idiot.

[Anonymous No.55997452]

>>55997084
Your rent's way too high for your income, simple as.

[Anonymous No.55997592]

>>55997377
>>55997273
>just move somewhere cheaper where the jobs also pay less

do you even hear yourselves?

[Anonymous No.55997615]

>>55997592
This isn't a good or even average rent/pay ratio, OP can definitely do better.

[Anonymous No.55998474]

>>55997310
I’m at $1800 rent for a 2 bedroom house

[Anonymous No.55998498]

>>55997084
>$1800 rent
holy shit bro I make the same as you and pay $500 figure it out

[Anonymous No.55999325]

>>55997099
>$10?! "a literal hellhole!"
>pays 20% VAT he was told was temporary

[Anonymous No.56000647]

I make the same as you but in Australia
At 33% tax I end up with 3325 USD a month.
Rent 620
Transport (don't own or want a car though) 140
Food 550
Phone network 25
Other bullshit 200

That leaves about 1800 to stash/gamble away

[Anonymous No.56000683]

>>55997317

[Anonymous No.56000803]

>>55997099
Europoors aren't allowed to defend their belongings so I guess that's why they don't bother to insure anything over there

[Anonymous No.56000891]

>>56000683

Imagine not understanding the primary purpose and function of modern cities as the provision of abundant docile worker drones for multinational industry kek

[Anonymous No.56001188]

>>55997084

>Live in a small town.
>Rent 2bdrm 800sq/ft: $550
>Utilities: $115
> Cell: $30
> Elec+Gas: $65
> Food (Basic): 60
> Internet: 50
> Public Transport: $30
> Other/Personal Expenses: $100
Total: $1000/mo
>Wagecuck job: $1750/mo
>Net: $750 a month.

[Anonymous No.56001263]

>>55997084
>$350 groceries
>$150 eating out
can be reduced to just $250 for groceries
>$40 phone service
>$20 phone installment
lmfao, I have a tracfone plan that costs $3 a month and a 4 year old phone that still works
>$100 car insurance
>$50 gas
replace with ebike
>$30 subscriptions
replace with pirating

[Anonymous No.56001418]

>>55997084
>$1800 rent

You are spending half of your paycheck on rent. You chose this deliberately. You chose to live above your means and now you are complaining. You dug this grave for yourself. You will never achieve financial freedom and you will never learn. You will seethe on /biz/ forever. Do not reply to this post.

[Anonymous No.56001436]

>>55997084
$1800 rent is absurd for your income

[Anonymous No.56001577]

>>55997084

I make that much and I save $1,000 a month. Cut your expenses, nigger.

[Anonymous No.56001723]

>>55997084
I make 4.5k yuros per month (not counting yearly bonuses) after taxes and rent is 270 yuros. Lmao @ ur lyf, amerimutt.

[Anonymous No.56001725]

>>55997084
>$1800 rent

>>55997099
lol yuropoor

[Anonymous No.56001765]

>>55997084
>spends 50% of his income on rent
>"why do I not have money wtf?!"

also
>eating out
>subscriptions
lmao

[Anonymous No.56001783]

>>55999325
>told was temporary
funny how that ALWAYS happens, isn't it? It's almost like taxes never go down once they're increased. In any country, really.

[Anonymous No.56001797]

>>55997084
I shackled up with a granny from the internet. All I gotta do is bang this bitch and not pay a single cent in rent. I get the groceries every other week and also some bills, but that's it.
Take the granny pill. These bitches are hungry for younger men. Once I turned her, she was literally asking me to move in.

[Anonymous No.56001800]

>>56000647
Fuck, m8. You go to any casinos? I want to go to Australia someday just to gamble and fuck around. Gambling is illegal here but maybe they'll open a casino in the next decade or so.

[Anonymous No.56001824]

>>56001418
Shut the fuck up, Dave. No one should have to have roommates. Just fuck off. If you real estate NIMBYS would just fucking die, we could build more housing and make it cheaper.
Homes should not be investments. You wanna invest? Buy stocks, Bitcoin, gold, or start a business. Real estate is the biggest fucking scam ever invented.

[Anonymous No.56002051]

>>55997084
That's unfortunate OP but you can still improve your life by investing in crypto, even if it's a small start. I diversify and have a portfolio that includes Kava, Reef, Dua, Rose, ETH, and Matic. Choose the solid projects.

[Anonymous No.56002111]

>>55997147
While true that's not a solution of any kind, dumbass.

[Anonymous No.56002115]

>>55997273
Lol Kansas City apartments are $1400 a month to not be in the ghetto and within 10 minutes driving of decent employment. There’s fuck all public transport in the Midwest besides buses that are less than desirable. So you are left with a commute or a premium rent payment

[Anonymous No.56002141]

>>56001263
> now has to perform maintenance and buy an e bike

[Anonymous No.56002746]

>$3535 pay (i can only work 20 hours/week due to school)
>$540 tax
>$975 rent
>$375 auto payment
>$300 groceries
>$300 dining out
>$140 electricity
>$60 auto insurance
>$50 auto fuel
>$80 internet
>$40 gym
>$40 phone
>$20 renters insurance
>$600 tithe
>$15 remaining
it's literally impossible to survive in the modern world

[Anonymous No.56002780]

>>56000803
that makes no sense bruv

[Anonymous No.56002787]

>$520 commieblock mortgage
>$270 utilities and HOA
>$400 groceries
>$20 eating out
>$0 student loan payment
>$25 phone service
>$0 health insurance - muh free healthcare in Europooria, free meaning another 14% income tax
>$0 car insurance, cer equals poverty, also quite useless because the town is clogged by suburbfags with nowhere to park
>$0 gas
>$50 household items
>$0 subscriptions
>$40 save for new electronics and appliances
same here, about 500/year to splurge on electronics
>$10 renters insurance
all while making 8x less than westerners with the same profession

[Anonymous No.56002836]

>>56000647
Take home: 3300 usd + 1000 usd into 401k
All in monthly expenses: 2000 usd

Getting another 10% raise next Saturday but fuck it's gay to be poor

[Anonymous No.56002900]

>>56001797
How old is the hag? You banging someone grandma lmao

[Anonymous No.56003280]

>>56002900
I'm like mid 30s and she's late 60s. Her daughter fucking hates me and is older than I am. Every time I see her I joke about respecting her elders.