yr) to break even.

Topic List	Page List: 1, 2
IdiotMachine 09/29/19 11:43:50 AM #1:	These numbers are all average costs per month. [a] Rent: $1,000 [b]: Utilities (Electric+Gas+Water+Garbage):$317 [c] Car: $479 [d] Car Insurance: $135 Car Gas and Various Maintenance: $150 [e] Student Loan: $280 [f] Groceries: $200 Internet: $50 Cell: $50 ------------------------------- $2,661 -> 25% Tax Rate = $3,548/mo minimum income Assuming you work 40 hours a week, you have to make at least $22/hr. Or a yearly salary of $43k. [a]: https://smartasset.com/mortgage/the-average-rent-what-you-should-know [b]: https://www.move.org/utility-bills-101/ [c]: https://www.thebalance.com/average-monthly-car-payment-4137650 [d]: https://www.nerdwallet.com/blog/insurance/car-insurance-basics/how-much-is-car-insurance/ [e]: http://www.cicmoney101.org/Articles/Budgeting-for-Student-Loan-Repayment.aspx [f]: https://www.reference.com/business-finance/average-grocery-bill-one-person-ea7b43c7cfe40f26 --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:928098653] in Average pe... [t:78050268]...</cite> <quote>These numbers are all average costs per month. [a] Rent: $1,000 [b]: Utilities (Electric+Gas+Water+Garbage):$317 [c] Car: $479 [d] Car Insurance: $135 Car Gas and Various Maintenance: $150 [e] Student Loan: $280 [f] Groceries: $200 Internet: $50 Cell: $50 ------------------------------- $2,661 -> 25% Tax Rate = $3,548/mo minimum income Assuming you work 40 hours a week, you have to make at least $22/hr. Or a yearly salary of $43k. [a]: https://smartasset.com/mortgage/the-average-rent-what-you-should-know [b]: https://www.move.org/utility-bills-101/ [c]: https://www.thebalance.com/average-monthly-car-payment-4137650 [d]: https://www.nerdwallet.com/blog/insurance/car-insurance-basics/how-much-is-car-insurance/ [e]: http://www.cicmoney101.org/Articles/Budgeting-for-Student-Loan-Repayment.aspx [f]: https://www.reference.com/business-finance/average-grocery-bill-one-person-ea7b43c7cfe40f26</quote> ... Copied to Clipboard!
ToPoPO 09/29/19 11:46:15 AM #2:	What a bad analysis take a course <cite>ToPoPO posted [p:928098715] in Average pe... [t:78050268]...</cite> <quote>What a bad analysis take a course</quote> ... Copied to Clipboard!
pls 09/29/19 11:56:00 AM #3:	The rent, utilities, car payment, insurance, and maintenance, and internet are all higher than they need to be. Why is someone with $22 / hour aiming for that much in rent? Get a room mate or live with family until you earn more. How on Earth is a single person consuming $317 for utilities? Don't go for financing a new car. And if you are gonna finance a new car, you don't need to spend that much in repairs for quite a while. Car insurance should be lower unless you have accidents. $30 internet should be adequate. Ideally if someone has that much in student loans, they'd have majored in something useful that pays a lot more than $22 per hour. --- Do good. Eat communists. <cite>pls posted [p:928098989] in Average pe... [t:78050268]...</cite> <quote>The rent, utilities, car payment, insurance, and maintenance, and internet are all higher than they need to be. Why is someone with $22 / hour aiming for that much in rent? Get a room mate or live with family until you earn more. How on Earth is a single person consuming $317 for utilities? Don't go for financing a new car. And if you are gonna finance a new car, you don't need to spend that much in repairs for quite a while. Car insurance should be lower unless you have accidents. $30 internet should be adequate. Ideally if someone has that much in student loans, they'd have majored in something useful that pays a lot more than $22 per hour.</quote> ... Copied to Clipboard!
HydraSlayer82 09/29/19 11:58:43 AM #4:	479 a month for a car seems like some serious overspending if you dont have the means to, no? Rent seems way too high too except for a few places in the country. Utilities are way too high for 1 person. --- Sigless user <cite>HydraSlayer82 posted [p:928099070] in Average pe... [t:78050268]...</cite> <quote>479 a month for a car seems like some serious overspending if you dont have the means to, no? Rent seems way too high too except for a few places in the country. Utilities are way too high for 1 person.</quote> ... Copied to Clipboard!
IdiotMachine 09/29/19 11:59:45 AM #5:	This is average, and not someone who just turned 18. --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:928099095] in Average pe... [t:78050268]...</cite> <quote>This is average, and not someone who just turned 18.</quote> ... Copied to Clipboard!
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spudger 09/29/19 11:59:57 AM #7:	thats a car payment for a merc or bmw. wtf tc?? learn to adult --- -Only dead fish swim with the current http://error1355.com/ce/spudger.html <cite>spudger posted [p:928099103] in Average pe... [t:78050268]...</cite> <quote>thats a car payment for a merc or bmw. wtf tc?? learn to adult</quote> ... Copied to Clipboard!
pls 09/29/19 12:01:24 PM #8:	Here's my monthly budget: [a] Rent: $1,100 [b]: Utilities (Electric+Gas+Water+Garbage):$27 [c] Car: $0 [d] Car Insurance: $100 Car Gas and Various Maintenance: $100 ($50 gas, $50 saved for maintenance) [e] Student Loan: $0 [f] Groceries: $300 Internet: $30 Cell: $65 Comes out to $20,664. Versus $32,000 a year in your budget. Mine would be less if I got a room mate too. Granted, I have no car payment and no student loans but for most people it isn't hard to avoid a car payment and to pay off your student loans or major in something useful. --- Do good. Eat communists. <cite>pls posted [p:928099145] in Average pe... [t:78050268]...</cite> <quote>Here's my monthly budget: [a] Rent: $1,100 [b]: Utilities (Electric+Gas+Water+Garbage):$27 [c] Car: $0 [d] Car Insurance: $100 Car Gas and Various Maintenance: $100 ($50 gas, $50 saved for maintenance) [e] Student Loan: $0 [f] Groceries: $300 Internet: $30 Cell: $65 Comes out to $20,664. Versus $32,000 a year in your budget. Mine would be less if I got a room mate too. Granted, I have no car payment and no student loans but for most people it isn't hard to avoid a car payment and to pay off your student loans or major in something useful.</quote> ... Copied to Clipboard!
averagejoel 09/29/19 12:01:52 PM #9:	HydraSlayer82 posted... 479 a month for a car seems like some serious overspending if you dont have the means to, no? Rent seems way too high too except for a few places in the country. Utilities are way too high for 1 person. you are missing the point --- peanut butter and dick <cite>averagejoel posted [p:928099163] in Average pe... [t:78050268]...</cite> <quote>HydraSlayer82 posted...</cite> <quote>479 a month for a car seems like some serious overspending if you dont have the means to, no? Rent seems way too high too except for a few places in the country. Utilities are way too high for 1 person.</quote> you are missing the point</quote> ... Copied to Clipboard!
darkprince45 09/29/19 12:02:50 PM #10:	I make 31 an hour my expenses area. With OT. Ive made 60k so far this year. 1850 mortgage for a house 500 total for two vehicles 100 for power 50 solar 50 utilities 90 cell phone 90 internet Not counting groceries, gas, and random purchase Being an adult is lame --- https://giphy.com/gifs/KanDJzaTMQlePASPwK <cite>darkprince45 posted [p:928099194] in Average pe... [t:78050268]...</cite> <quote>I make 31 an hour my expenses area. With OT. Ive made 60k so far this year. 1850 mortgage for a house 500 total for two vehicles 100 for power 50 solar 50 utilities 90 cell phone 90 internet Not counting groceries, gas, and random purchase Being an adult is lame</quote> ... Copied to Clipboard!
pls 09/29/19 12:03:47 PM #11:	averagejoel posted... HydraSlayer82 posted... 479 a month for a car seems like some serious overspending if you dont have the means to, no? Rent seems way too high too except for a few places in the country. Utilities are way too high for 1 person. you are missing the point No he is not. By the way, @HydraSlayer82 before you engage note that averagejoel believes if you can't afford a Mercedes or a BMW out of college it's an indication that the system has failed. Common sense personal finance / budgeting are just problems caused by capitalism. --- Do good. Eat communists. <cite>pls posted [p:928099232] in Average pe... [t:78050268]...</cite> <quote>averagejoel posted...</cite> <quote>HydraSlayer82 posted...</cite> <quote>479 a month for a car seems like some serious overspending if you dont have the means to, no? Rent seems way too high too except for a few places in the country. Utilities are way too high for 1 person.</quote> you are missing the point</quote> No he is not. By the way, @HydraSlayer82 before you engage note that averagejoel believes if you can't afford a Mercedes or a BMW out of college it's an indication that the system has failed. Common sense personal finance / budgeting are just problems caused by capitalism.</quote> ... Copied to Clipboard!
HydraSlayer82 09/29/19 12:07:00 PM #12:	averagejoel posted... HydraSlayer82 posted... 479 a month for a car seems like some serious overspending if you dont have the means to, no? Rent seems way too high too except for a few places in the country. Utilities are way too high for 1 person. you are missing the point Let me guess. Capitalism bad. Communism good. Eat the rich. People that see only in binaries are sad. --- Sigless user <cite>HydraSlayer82 posted [p:928099333] in Average pe... [t:78050268]...</cite> <quote>averagejoel posted...</cite> <quote>HydraSlayer82 posted...</cite> <quote>479 a month for a car seems like some serious overspending if you dont have the means to, no? Rent seems way too high too except for a few places in the country. Utilities are way too high for 1 person.</quote> you are missing the point</quote> Let me guess. Capitalism bad. Communism good. Eat the rich. People that see only in binaries are sad.</quote> ... Copied to Clipboard!
pls 09/29/19 12:07:13 PM #13:	darkprince45 posted... I make 31 an hour my expenses area. With OT. Ive made 60k so far this year. 1850 mortgage for a house 500 total for two vehicles 100 for power 50 solar 50 utilities 90 cell phone 90 internet Not counting groceries, gas, and random purchase Being an adult is lame What you mentioned there comes out to $32,760 a year. Assuming $5,000 more for groceries, gas, and random purchases that's $37,760 a year. Your yearly take home income should be around $47,000 a year so you could be stashing away $10,000 a year, even more if your girlfriend starts working so that you aren't paying the mortgage on your own. Your mortgage is definitely high for your income though. That's the strain in your budget. You could double your savings to like $20,000 a year if you had half the house. --- Do good. Eat communists. <cite>pls posted [p:928099336] in Average pe... [t:78050268]...</cite> <quote>darkprince45 posted...</cite> <quote>I make 31 an hour my expenses area. With OT. Ive made 60k so far this year. 1850 mortgage for a house 500 total for two vehicles 100 for power 50 solar 50 utilities 90 cell phone 90 internet Not counting groceries, gas, and random purchase Being an adult is lame</quote> What you mentioned there comes out to $32,760 a year. Assuming $5,000 more for groceries, gas, and random purchases that's $37,760 a year. Your yearly take home income should be around $47,000 a year so you could be stashing away $10,000 a year, even more if your girlfriend starts working so that you aren't paying the mortgage on your own. Your mortgage is definitely high for your income though. That's the strain in your budget. You could double your savings to like $20,000 a year if you had half the house.</quote> ... Copied to Clipboard!
darkprince45 09/29/19 12:08:28 PM #14:	pls posted... darkprince45 posted... I make 31 an hour my expenses area. With OT. Ive made 60k so far this year. 1850 mortgage for a house 500 total for two vehicles 100 for power 50 solar 50 utilities 90 cell phone 90 internet Not counting groceries, gas, and random purchase Being an adult is lame What you mentioned there comes out to $32,760 a year. Assuming $5,000 more for groceries, gas, and random purchases that's $37,760 a year. Your yearly take home income should be around $47,000 a year so you could be stashing away $10,000 a year, even more if your girlfriend starts working so that you aren't paying the mortgage on your own. Your mortgage is definitely high for your income though. That's the strain in your budget. You could double your savings to like $20,000 a year if you had half the house. Ive already pass that that yearly take home. I work 20-40 overtime hours a weeks at near 50 an hour. Im averaging 7.3ish take home right now --- https://giphy.com/gifs/KanDJzaTMQlePASPwK <cite>darkprince45 posted [p:928099377] in Average pe... [t:78050268]...</cite> <quote>pls posted...</cite> <quote>darkprince45 posted...</cite> <quote>I make 31 an hour my expenses area. With OT. Ive made 60k so far this year. 1850 mortgage for a house 500 total for two vehicles 100 for power 50 solar 50 utilities 90 cell phone 90 internet Not counting groceries, gas, and random purchase Being an adult is lame</quote> What you mentioned there comes out to $32,760 a year. Assuming $5,000 more for groceries, gas, and random purchases that's $37,760 a year. Your yearly take home income should be around $47,000 a year so you could be stashing away $10,000 a year, even more if your girlfriend starts working so that you aren't paying the mortgage on your own. Your mortgage is definitely high for your income though. That's the strain in your budget. You could double your savings to like $20,000 a year if you had half the house.</quote> Ive already pass that that yearly take home. I work 20-40 overtime hours a weeks at near 50 an hour. Im averaging 7.3ish take home right now</quote> ... Copied to Clipboard!
pls 09/29/19 12:11:43 PM #15:	darkprince45 posted... Ive already pass that that yearly take home. I work 20-40 overtime hours a weeks at near 50 an hour. Im averaging 7.3ish take home right now Damn! Good work. I hope you're stashing away money in a 401k and investments! $7,300 take-home a month is a very good income. Provided you live in a reasonable cost of living area, which is sounds like you do. At that rate the mortgage sounds reasonable, but note that you won't want to work that many hours forever so you could stash away a lot more money each year with a smaller mortgage. https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ --- Do good. Eat communists. <cite>pls posted [p:928099479] in Average pe... [t:78050268]...</cite> <quote>darkprince45 posted...</cite> <quote>Ive already pass that that yearly take home. I work 20-40 overtime hours a weeks at near 50 an hour. Im averaging 7.3ish take home right now </quote> Damn! Good work. I hope you're stashing away money in a 401k and investments! $7,300 take-home a month is a very good income. Provided you live in a reasonable cost of living area, which is sounds like you do. At that rate the mortgage sounds reasonable, but note that you won't want to work that many hours forever so you could stash away a lot more money each year with a smaller mortgage. https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/</quote> ... Copied to Clipboard!
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IdiotMachine 09/29/19 12:14:33 PM #17:	Here are our expenses (2 people household): Mortgage (including tax and insurance): $3,150 Electric/Gas/Water/Sewage/Garbage: $300 Internet: $30 Cell Phones: $20 Student Loans: $700 Car Loan (2 cars): $800 Gas (1 car; the other's electric): $10 Groceries: $350 ------------------------------------------------------------- $5,360/mo --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:928099562] in Average pe... [t:78050268]...</cite> <quote>Here are our expenses (2 people household): Mortgage (including tax and insurance): $3,150 Electric/Gas/Water/Sewage/Garbage: $300 Internet: $30 Cell Phones: $20 Student Loans: $700 Car Loan (2 cars): $800 Gas (1 car; the other's electric): $10 Groceries: $350 ------------------------------------------------------------- $5,360/mo</quote> ... Copied to Clipboard!
HydraSlayer82 09/29/19 12:16:04 PM #18:	RedWhiteBlue posted... How anyone can live under 400 a month on groceries is beyond me. Do you eat baby sized meals once a fucking day or something? And people are forgetting health insurance. And taking a chance with a total stranger isn't viable, and not everyone knows someone or has family, especially if they move, so rent should be assumed as a single person. 32+/h is ideal. Completely depends on the area. 32/ hour here is a shit ton of money. --- Sigless user <cite>HydraSlayer82 posted [p:928099612] in Average pe... [t:78050268]...</cite> <quote>RedWhiteBlue posted...</cite> <quote>How anyone can live under 400 a month on groceries is beyond me. Do you eat baby sized meals once a fucking day or something? And people are forgetting health insurance. And taking a chance with a total stranger isn't viable, and not everyone knows someone or has family, especially if they move, so rent should be assumed as a single person. 32+/h is ideal.</quote> Completely depends on the area. 32/ hour here is a shit ton of money.</quote> ... Copied to Clipboard!
pls 09/29/19 12:16:31 PM #19:	RedWhiteBlue posted... How anyone can live under 400 a month on groceries is beyond me. Do you eat baby sized meals once a fucking day or something? And people are forgetting health insurance. And taking a chance with a total stranger isn't viable, and not everyone knows someone or has family, especially if they move, so rent should be assumed as a single person. 32+/h is ideal. I mean I don't see why it's hard for most people to find a reasonable room mate or to live with family until you pay off your student loans or earn more money. A whole raw chicken around here is like $7. Throw in some veggies and other ingredients and I can make food that lasts for 3-5 separate meals for under $20. Add in some fruits for breakfast and some snacks. I'd have to look at my food budget which I'm still in the process of ironing out, but for a single person $400 in home-cooked food is a lot of food dude. --- Do good. Eat communists. <cite>pls posted [p:928099628] in Average pe... [t:78050268]...</cite> <quote>RedWhiteBlue posted...</cite> <quote>How anyone can live under 400 a month on groceries is beyond me. Do you eat baby sized meals once a fucking day or something? And people are forgetting health insurance. And taking a chance with a total stranger isn't viable, and not everyone knows someone or has family, especially if they move, so rent should be assumed as a single person. 32+/h is ideal.</quote> I mean I don't see why it's hard for most people to find a reasonable room mate or to live with family until you pay off your student loans or earn more money. A whole raw chicken around here is like $7. Throw in some veggies and other ingredients and I can make food that lasts for 3-5 separate meals for under $20. Add in some fruits for breakfast and some snacks. I'd have to look at my food budget which I'm still in the process of ironing out, but for a single person $400 in home-cooked food is a lot of food dude.</quote> ... Copied to Clipboard!
KTG2 09/29/19 12:19:24 PM #20:	Okay so this is...really wrong and bad analysis and "averages" are really irrelevant when CoL is so different in the city (nearly impossible on 43k) to rural areas (could live like a king for 43k in a lot of places) --- Just realized I hadn't changed this since December 2017 - Changed 7/25/19 <cite>KTG2 posted [p:928099731] in Average pe... [t:78050268]...</cite> <quote>Okay so this is...really wrong and bad analysis and "averages" are really irrelevant when CoL is so different in the city (nearly impossible on 43k) to rural areas (could live like a king for 43k in a lot of places) </quote> ... Copied to Clipboard!
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pls 09/29/19 12:22:41 PM #22:	Godnorgosh posted... pls posted... averagejoel posted... HydraSlayer82 posted... 479 a month for a car seems like some serious overspending if you dont have the means to, no? Rent seems way too high too except for a few places in the country. Utilities are way too high for 1 person. you are missing the point No he is not. By the way, @HydraSlayer82 before you engage note that averagejoel believes if you can't afford a Mercedes or a BMW out of college it's an indication that the system has failed. Common sense personal finance / budgeting are just problems caused by capitalism. Rent is definitely exploitative tho. Also, I don't think @averagejoel believes people are entitled to fancy cars or whatever. But if you buy a crappy car to try to lower your monthly car payment, you'll likely end up spending a lot more on maintenance. Being poor ain't cheap. You can have a very good older car that doesn't require a lot of maintenance. Certainly not as much maintenance as a $500 a month car payment. Such a car would be too old, and one to get rid of. And if you were to get rid of it, a $500 a month car payment is ridiculous. Could aim for a much lower car payment, more than half even, and get by for years with a good car. And rent is not exploitative. It can be if the landlord is shit, but is not necessarily exploitation in itself. I pay for a service. $1100 a month to not worry about anything and to use the space. The alternative is to own my own place but to worry about all the maintenance, which I don't feel like doing at this point in my career. And he did in the past take issue with my posts about budgeting and not having a fancy car like a Mercedes or BMW before you can afford it. I'm sure I still have the topic saved somewhere. --- Do good. Eat communists. <cite>pls posted [p:928099833] in Average pe... [t:78050268]...</cite> <quote>Godnorgosh posted...</cite> <quote>pls posted...</cite> <quote>averagejoel posted...</cite> <quote>HydraSlayer82 posted...</cite> <quote>479 a month for a car seems like some serious overspending if you dont have the means to, no? Rent seems way too high too except for a few places in the country. Utilities are way too high for 1 person.</quote> you are missing the point</quote> No he is not. By the way, @HydraSlayer82 before you engage note that averagejoel believes if you can't afford a Mercedes or a BMW out of college it's an indication that the system has failed. Common sense personal finance / budgeting are just problems caused by capitalism.</quote> Rent is definitely exploitative tho. Also, I don't think @averagejoel believes people are entitled to fancy cars or whatever. But if you buy a crappy car to try to lower your monthly car payment, you'll likely end up spending a lot more on maintenance. Being poor ain't cheap.</quote> You can have a very good older car that doesn't require a lot of maintenance. Certainly not as much maintenance as a $500 a month car payment. Such a car would be too old, and one to get rid of. And if you were to get rid of it, a $500 a month car payment is ridiculous. Could aim for a much lower car payment, more than half even, and get by for years with a good car. And rent is not exploitative. It can be if the landlord is shit, but is not necessarily exploitation in itself. I pay for a service. $1100 a month to not worry about anything and to use the space. The alternative is to own my own place but to worry about all the maintenance, which I don't feel like doing at this point in my career. And he did in the past take issue with my posts about budgeting and not having a fancy car like a Mercedes or BMW before you can afford it. I'm sure I still have the topic saved somewhere.</quote> ... Copied to Clipboard!
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KTG2 09/29/19 12:25:55 PM #24:	FYI I pay 209 dollars a month for my 2019, and it has a full warranty longer than the term of the loan so I don't know who the fuck is paying 500 dollars a month for a new car unless they have the shittiest credit imaginable or are trying to pay it off in 1-2 years. Or obviously if they're buying some shit that makes any conversation about a budget irrelevant like a sports car --- Just realized I hadn't changed this since December 2017 - Changed 7/25/19 <cite>KTG2 posted [p:928099959] in Average pe... [t:78050268]...</cite> <quote>FYI I pay 209 dollars a month for my 2019, and it has a full warranty longer than the term of the loan so I don't know who the fuck is paying 500 dollars a month for a new car unless they have the shittiest credit imaginable or are trying to pay it off in 1-2 years. Or obviously if they're buying some shit that makes any conversation about a budget irrelevant like a sports car </quote> ... Copied to Clipboard!
pls 09/29/19 12:26:06 PM #25:	None of us are rich or lucky. Also you've lost any credibility you had when you posted obnoxious shit like this, comrade: https://gamefaqs.gamespot.com/boards/400-current-events/78049371/928084229 --- Do good. Eat communists. <cite>pls posted [p:928099965] in Average pe... [t:78050268]...</cite> <quote>None of us are rich or lucky. Also you've lost any credibility you had when you posted obnoxious shit like this, comrade: https://gamefaqs.gamespot.com/boards/400-current-events/78049371/928084229</quote> ... Copied to Clipboard!
Gobstoppers12 09/29/19 12:27:35 PM #26:	IdiotMachine posted... Rent: $1,000 Car: $479 Student Loan: $280 All of these are waaayyyy too expensive. Consider living somewhere else or get a roommate if your rent is that high. --- I write Naruto Fanfiction. <cite>Gobstoppers12 posted [p:928100018] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</cite> <quote>Rent: $1,000 Car: $479 Student Loan: $280</quote> All of these are waaayyyy too expensive. Consider living somewhere else or get a roommate if your rent is that high.</quote> ... Copied to Clipboard!
IdiotMachine 09/29/19 12:28:41 PM #27:	pls posted... not having a fancy car like a Mercedes or BMW before you can afford What are you even talking about? A modest car will cost you like $500/mo. That's like an $18k car. --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:928100056] in Average pe... [t:78050268]...</cite> <quote>pls posted...</cite> <quote>not having a fancy car like a Mercedes or BMW before you can afford</quote> What are you even talking about? A modest car will cost you like $500/mo. That's like an $18k car.</quote> ... Copied to Clipboard!
Gobstoppers12 09/29/19 12:30:45 PM #28:	IdiotMachine posted... What are you even talking about? A modest car will cost you like $500/mo. That's like an $18k car. A "modest" car is more like $200/mo. You might want to rethink what a "modest" car is. --- I write Naruto Fanfiction. <cite>Gobstoppers12 posted [p:928100130] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</cite> <quote> What are you even talking about? A modest car will cost you like $500/mo. That's like an $18k car.</quote> A "modest" car is more like $200/mo. You might want to rethink what a "modest" car is.</quote> ... Copied to Clipboard!
HydraSlayer82 09/29/19 12:31:15 PM #29:	KTG2 posted... FYI I pay 209 dollars a month for my 2019, and it has a full warranty longer than the term of the loan so I don't know who the fuck is paying 500 dollars a month for a new car unless they have the shittiest credit imaginable or are trying to pay it off in 1-2 years. Or obviously if they're buying some shit that makes any conversation about a budget irrelevant like a sports car Yeah I bought a brand new Subaru 2 years ago and its half that. I dont understand where that number is coming from. I doubt people are paying $250 a month in maintenance on a car that still has a loan on it. --- Sigless user <cite>HydraSlayer82 posted [p:928100144] in Average pe... [t:78050268]...</cite> <quote>KTG2 posted...</cite> <quote>FYI I pay 209 dollars a month for my 2019, and it has a full warranty longer than the term of the loan so I don't know who the fuck is paying 500 dollars a month for a new car unless they have the shittiest credit imaginable or are trying to pay it off in 1-2 years. Or obviously if they're buying some shit that makes any conversation about a budget irrelevant like a sports car </quote> Yeah I bought a brand new Subaru 2 years ago and its half that. I dont understand where that number is coming from. I doubt people are paying $250 a month in maintenance on a car that still has a loan on it.</quote> ... Copied to Clipboard!
HydraSlayer82 09/29/19 12:32:10 PM #30:	IdiotMachine posted... pls posted... not having a fancy car like a Mercedes or BMW before you can afford What are you even talking about? A modest car will cost you like $500/mo. That's like an $18k car. Youve obviously never bought a car. --- Sigless user <cite>HydraSlayer82 posted [p:928100177] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</cite> <quote>pls posted...</cite> <quote>not having a fancy car like a Mercedes or BMW before you can afford</quote> What are you even talking about? A modest car will cost you like $500/mo. That's like an $18k car.</quote> Youve obviously never bought a car.</quote> ... Copied to Clipboard!
IdiotMachine 09/29/19 12:32:41 PM #31:	Gobstoppers12 posted... IdiotMachine posted... What are you even talking about? A modest car will cost you like $500/mo. That's like an $18k car. A "modest" car is more like $200/mo. You might want to rethink what a "modest" car is. What kind of a car can you even get for $7k, that wouldn't be plagued with mechanical issues? --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:928100194] in Average pe... [t:78050268]...</cite> <quote>Gobstoppers12 posted...</cite> <quote>IdiotMachine posted...</cite> <quote> What are you even talking about? A modest car will cost you like $500/mo. That's like an $18k car.</quote> A "modest" car is more like $200/mo. You might want to rethink what a "modest" car is.</quote> What kind of a car can you even get for $7k, that wouldn't be plagued with mechanical issues?</quote> ... Copied to Clipboard!
pls 09/29/19 12:33:30 PM #32:	IdiotMachine posted... pls posted... not having a fancy car like a Mercedes or BMW before you can afford What are you even talking about? A modest car will cost you like $500/mo. That's like an $18k car. You are terrible at math. The only way an $18,000 car is $500 a month is if you opt for a much shorter than average repayment time of 36 months. Since most car notes are financed over 7 years, the average payment for an $18,000 car would be around $250 a month. --- Do good. Eat communists. <cite>pls posted [p:928100227] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</cite> <quote>pls posted...</cite> <quote>not having a fancy car like a Mercedes or BMW before you can afford</quote> What are you even talking about? A modest car will cost you like $500/mo. That's like an $18k car.</quote> You are terrible at math. The only way an $18,000 car is $500 a month is if you opt for a much shorter than average repayment time of 36 months. Since most car notes are financed over 7 years, the average payment for an $18,000 car would be around $250 a month.</quote> ... Copied to Clipboard!
Gobstoppers12 09/29/19 12:33:38 PM #33:	IdiotMachine posted... What kind of a car can you even get for $7k, that wouldn't be plagued with mechanical issues? ....? Who says it has to be $7k? You know you can get different payment plans, right? --- I write Naruto Fanfiction. <cite>Gobstoppers12 posted [p:928100231] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</cite> <quote> What kind of a car can you even get for $7k, that wouldn't be plagued with mechanical issues?</quote> ....? Who says it has to be $7k? You know you can get different payment plans, right?</quote> ... Copied to Clipboard!
IdiotMachine 09/29/19 12:34:44 PM #34:	HydraSlayer82 posted... Youve obviously never bought a car. We have two cars. Approx. $400/mo each. One with 0%, the other with 1% financing. Both cars were around $20k when we bought them. Unless you guys are saying get car loan terms more than 36 months, I have no idea how you guys think $200/mo on a car is actually modest. --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:928100262] in Average pe... [t:78050268]...</cite> <quote>HydraSlayer82 posted...</cite> <quote>Youve obviously never bought a car.</quote> We have two cars. Approx. $400/mo each. One with 0%, the other with 1% financing. Both cars were around $20k when we bought them. Unless you guys are saying get car loan terms more than 36 months, I have no idea how you guys think $200/mo on a car is actually modest.</quote> ... Copied to Clipboard!
pls 09/29/19 12:34:50 PM #35:	HydraSlayer82 posted... Yeah I bought a brand new Subaru 2 years ago and its half that. I dont understand where that number is coming from. I doubt people are paying $250 a month in maintenance on a car that still has a loan on it. Yeah that's another glaring flaw here. A new car would have a warranty on it and no issues unless you got a lemon (which there are laws to protect against). IdiotMachine posted... What kind of a car can you even get for $7k, that wouldn't be plagued with mechanical issues? I bought my Honda for about that much and it's 15 years old and hasn't had any issues yet. Owned it for four years. --- Do good. Eat communists. <cite>pls posted [p:928100267] in Average pe... [t:78050268]...</cite> <quote>HydraSlayer82 posted...</cite> <quote>Yeah I bought a brand new Subaru 2 years ago and its half that. I dont understand where that number is coming from. I doubt people are paying $250 a month in maintenance on a car that still has a loan on it. </quote> Yeah that's another glaring flaw here. A new car would have a warranty on it and no issues unless you got a lemon (which there are laws to protect against). IdiotMachine posted...</cite> <quote>What kind of a car can you even get for $7k, that wouldn't be plagued with mechanical issues? </quote> I bought my Honda for about that much and it's 15 years old and hasn't had any issues yet. Owned it for four years.</quote> ... Copied to Clipboard!
pls 09/29/19 12:35:53 PM #36:	IdiotMachine posted... HydraSlayer82 posted... Youve obviously never bought a car. We have two cars. Approx. $400/mo each. One with 0%, the other with 1% financing. Both cars were around $20k when we bought them. Unless you guys are saying get car loan terms more than 36 months, I have no idea how you guys think $200/mo on a car is actually modest. Your topic is about averages. The average # of months to repay is 68 months. $20,000 / 68 months comes out to around $292 a month. --- Do good. Eat communists. <cite>pls posted [p:928100301] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</cite> <quote>HydraSlayer82 posted...</cite> <quote>Youve obviously never bought a car.</quote> We have two cars. Approx. $400/mo each. One with 0%, the other with 1% financing. Both cars were around $20k when we bought them. Unless you guys are saying get car loan terms more than 36 months, I have no idea how you guys think $200/mo on a car is actually modest.</quote> Your topic is about averages. The average # of months to repay is 68 months. $20,000 / 68 months comes out to around $292 a month.</quote> ... Copied to Clipboard!
IdiotMachine 09/29/19 12:36:21 PM #37:	pls posted... Since most car notes are financed over 7 years, the average payment for an $18,000 car would be around $250 a month. Over 7 years? Get outta here. Who finances cars more than 3 years? (unless you get a really low interest rate) Gobstoppers12 posted... ....? Who says it has to be $7k? You know you can get different payment plans, right? I recognized that just now... I was mainly talking 36 months. --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:928100318] in Average pe... [t:78050268]...</cite> <quote>pls posted...</cite> <quote>Since most car notes are financed over 7 years, the average payment for an $18,000 car would be around $250 a month.</quote> Over 7 years? Get outta here. Who finances cars more than 3 years? (unless you get a really low interest rate) Gobstoppers12 posted...</cite> <quote>....? Who says it has to be $7k? You know you can get different payment plans, right?</quote> I recognized that just now... I was mainly talking 36 months.</quote> ... Copied to Clipboard!
pls 09/29/19 12:36:53 PM #38:	IdiotMachine posted... Over 7 years? Get outta here. Who finances cars more than 3 years? (unless you get a really low interest rate) The average fucking person does, dude. And that's who you are posting about. Try to keep up. --- Do good. Eat communists. <cite>pls posted [p:928100333] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</cite> <quote>Over 7 years? Get outta here. Who finances cars more than 3 years? (unless you get a really low interest rate) </quote> The average fucking person does, dude. And that's who you are posting about. Try to keep up.</quote> ... Copied to Clipboard!
Gobstoppers12 09/29/19 12:37:41 PM #39:	IdiotMachine posted... Who finances cars more than 3 years? The vast majority of people. --- I write Naruto Fanfiction. <cite>Gobstoppers12 posted [p:928100368] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</cite> <quote>Who finances cars more than 3 years?</quote> The vast majority of people.</quote> ... Copied to Clipboard!
Bestoffuture 09/29/19 12:38:25 PM #40:	The rest of you aren't paying like $700 a month on student loans? --- Proud leader of the PeyPals Proud member of the Mickie Maniacs <cite>Bestoffuture posted [p:928100402] in Average pe... [t:78050268]...</cite> <quote>The rest of you aren't paying like $700 a month on student loans? </quote> ... Copied to Clipboard!
IdiotMachine 09/29/19 12:38:28 PM #41:	pls posted... The average fucking person does, dude. And that's who you are posting about. Try to keep up. The typical term length for auto loans is 68 months, with loans of 72 and 84 months becoming increasingly common. https://www.valuepenguin.com/auto-loans/average-auto-loan-interest-rates#term Holy shit you weren't kidding. --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:928100403] in Average pe... [t:78050268]...</cite> <quote>pls posted...</cite> <quote>The average fucking person does, dude. And that's who you are posting about. Try to keep up.</quote> <quote>The typical term length for auto loans is 68 months, with loans of 72 and 84 months becoming increasingly common. </quote> https://www.valuepenguin.com/auto-loans/average-auto-loan-interest-rates#term Holy shit you weren't kidding.</quote> ... Copied to Clipboard!
Gobstoppers12 09/29/19 12:39:21 PM #42:	IdiotMachine posted... Holy shit you weren't kidding. Imagine making this topic but knowing nothing about the subject. --- I write Naruto Fanfiction. <cite>Gobstoppers12 posted [p:928100425] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</cite> <quote> Holy shit you weren't kidding.</quote> Imagine making this topic but knowing nothing about the subject.</quote> ... Copied to Clipboard!
pls 09/29/19 12:39:30 PM #43:	Bestoffuture posted... The rest of you aren't paying like $700 a month on student loans? How the fuck are you paying $700 a month in student loans? IdiotMachine posted... https://www.valuepenguin.com/auto-loans/average-auto-loan-interest-rates#term Holy s*** you weren't kidding. No shit --- Do good. Eat communists. <cite>pls posted [p:928100430] in Average pe... [t:78050268]...</cite> <quote>Bestoffuture posted...</cite> <quote>The rest of you aren't paying like $700 a month on student loans? </quote> How the fuck are you paying $700 a month in student loans? IdiotMachine posted...</cite> <quote>https://www.valuepenguin.com/auto-loans/average-auto-loan-interest-rates#term Holy s*** you weren't kidding.</quote> No shit</quote> ... Copied to Clipboard!
knutjob 09/29/19 12:40:30 PM #44:	Heres mine [a] Rent: $585 [b]: Utilities (Electric+Gas+Water+Garbage):$55 [c] Car: $92 [d] Car Insurance: $15 Car Gas and Various Maintenance: $30 [e] Student Loan: $100 [f] Groceries: $215 Internet: $15 Cell: $12 ------------------------------- Notes- I dont live in the USA so currency has been converted. Numbers are just my half as I am married and we both work full time. <cite>knutjob posted [p:928100459] in Average pe... [t:78050268]...</cite> <quote>Heres mine [a] Rent: $585 [b]: Utilities (Electric+Gas+Water+Garbage):$55 [c] Car: $92 [d] Car Insurance: $15 Car Gas and Various Maintenance: $30 [e] Student Loan: $100 [f] Groceries: $215 Internet: $15 Cell: $12 ------------------------------- Notes- I dont live in the USA so currency has been converted. Numbers are just my half as I am married and we both work full time. </quote> ... Copied to Clipboard!
HydraSlayer82 09/29/19 12:41:18 PM #45:	Bestoffuture posted... The rest of you aren't paying like $700 a month on student loans? Me and the wife are paying $2200 a month to pay them off early. Ill be student loan debt free in 3 years. --- Sigless user <cite>HydraSlayer82 posted [p:928100486] in Average pe... [t:78050268]...</cite> <quote>Bestoffuture posted...</cite> <quote>The rest of you aren't paying like $700 a month on student loans? </quote> Me and the wife are paying $2200 a month to pay them off early. Ill be student loan debt free in 3 years.</quote> ... Copied to Clipboard!
IdiotMachine 09/29/19 12:41:28 PM #46:	pls posted... How the fuck are you paying $700 a month in student loans? My wife and I are paying this much. But that's for a 10 year loan for two people.... --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:928100488] in Average pe... [t:78050268]...</cite> <quote>pls posted...</cite> <quote>How the fuck are you paying $700 a month in student loans?</quote> My wife and I are paying this much. But that's for a 10 year loan for two people....</quote> ... Copied to Clipboard!
voldothegr8 09/29/19 12:42:08 PM #47:	Am I the only one who saw the username and assumed this to be a joke? --- Oda break tracker 2019- 6 (4) \| THE Ohio State: 5-0 \| Oakland Raiders: 1-2 Super Mario Maker Profile: 1237-0000-0073-02FE <cite>voldothegr8 posted [p:928100507] in Average pe... [t:78050268]...</cite> <quote>Am I the only one who saw the username and assumed this to be a joke?</quote> ... Copied to Clipboard!
pls 09/29/19 12:43:33 PM #48:	Someone should make a Money General topic or something --- Do good. Eat communists. <cite>pls posted [p:928100559] in Average pe... [t:78050268]...</cite> <quote>Someone should make a Money General topic or something</quote> ... Copied to Clipboard!
IdiotMachine 09/29/19 12:44:15 PM #49:	HydraSlayer82 posted... Me and the wife are paying $2200 a month to pay them off early. Ill be student loan debt free in 3 years. Our mortgage is 3.25%, our student loans are around 3.5%, and our car loans are around 0-1%. I personally see no value then paying minimum, then using the rest of the money for investments. --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:928100589] in Average pe... [t:78050268]...</cite> <quote>HydraSlayer82 posted...</cite> <quote>Me and the wife are paying $2200 a month to pay them off early. Ill be student loan debt free in 3 years.</quote> Our mortgage is 3.25%, our student loans are around 3.5%, and our car loans are around 0-1%. I personally see no value then paying minimum, then using the rest of the money for investments.</quote> ... Copied to Clipboard!
TheMikh 09/29/19 12:44:51 PM #50:	not spending more than 25% of monthly income on rent used to be conventional budgeting advice the artificial inflation of the housing supply is truly doing a number on society's financial well-being --- https://imgur.com/A0TAfek <cite>TheMikh posted [p:928100609] in Average pe... [t:78050268]...</cite> <quote>not spending more than 25% of monthly income on rent used to be conventional budgeting advice the artificial inflation of the housing supply is truly doing a number on society's financial well-being</quote> ... Copied to Clipboard!
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Current Events > Average person needs to make $22/hr (or $43k/yr) to break even. (+) Yeah! (+)

Current Events > Average person needs to make $22/hr (or $43k/yr) to break even.