yr) to break even.

Topic List	Page List: 1, 2
HydraSlayer82 09/29/19 12:45:29 PM #51:	IdiotMachine posted... 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. Our student loans are 8%. My mortgage is the same as yours though. Our car loans are 0%. Im putting aside 21% of my pay for retirement. Dont give a shit about material things. Our savings is mostly for trips and emergencies. --- Sigless user <cite>HydraSlayer82 posted [p:928100634] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</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> Our student loans are 8%. My mortgage is the same as yours though. Our car loans are 0%. Im putting aside 21% of my pay for retirement. Dont give a shit about material things. Our savings is mostly for trips and emergencies.</quote> ... Copied to Clipboard!
Bestoffuture 09/29/19 12:47:13 PM #52:	HydraSlayer82 posted... Our student loans are 8%. My mortgage is the same as yours though. Our car loans are 0%. ^ I've got two big ones that are at 7-8% --- Proud leader of the PeyPals Proud member of the Mickie Maniacs <cite>Bestoffuture posted [p:928100685] in Average pe... [t:78050268]...</cite> <quote>HydraSlayer82 posted... </cite> <quote>Our student loans are 8%. My mortgage is the same as yours though. Our car loans are 0%.</quote> ^ I've got two big ones that are at 7-8% </quote> ... Copied to Clipboard!
averagejoel 09/29/19 12:47:17 PM #53:	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 reduce your monthly car payment, you'll likely end up spending a lot more on maintenance. Being poor ain't cheap. I've never said anything about Mercedes or BMWs. in fact, this is probably my first post ever that mentions them at all. it is correct, though, that most peoples' personal finance issues are not actually personal issues, but issues with capitalism as a system --- peanut butter and dick <cite>averagejoel posted [p:928100687] 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 reduce your monthly car payment, you'll likely end up spending a lot more on maintenance. Being poor ain't cheap.</quote> I've never said anything about Mercedes or BMWs. in fact, this is probably my first post ever that mentions them at all. it is correct, though, that most peoples' personal finance issues are not actually personal issues, but issues with capitalism as a system</quote> ... Copied to Clipboard!
Colorahdo 09/29/19 12:47:31 PM #54:	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. What... Cook all your meals. Rice, pasta, chicken, sauce. Milk, cereal... Im a athlete and I do $120/mo --- But those enemies of mine who did not want me to be king over them - bring them here and kill them in front of me ~Jesus Christ <cite>Colorahdo posted [p:928100697] 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> What... Cook all your meals. Rice, pasta, chicken, sauce. Milk, cereal... Im a athlete and I do $120/mo </quote> ... Copied to Clipboard!
IdiotMachine 09/29/19 12:47:38 PM #55:	HydraSlayer82 posted... Our student loans are 8%. My mortgage is the same as yours though. Our car loans are 0%. Im putting aside 21% of my pay for retirement. Dont give a shit about material things. Ah... 8% seems pretty bad. Why not refinance? --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:928100698] in Average pe... [t:78050268]...</cite> <quote>HydraSlayer82 posted...</cite> <quote>Our student loans are 8%. My mortgage is the same as yours though. Our car loans are 0%. Im putting aside 21% of my pay for retirement. Dont give a shit about material things.</quote> Ah... 8% seems pretty bad. Why not refinance?</quote> ... Copied to Clipboard!
HydraSlayer82 09/29/19 12:50:55 PM #56:	IdiotMachine posted... HydraSlayer82 posted... Our student loans are 8%. My mortgage is the same as yours though. Our car loans are 0%. Im putting aside 21% of my pay for retirement. Dont give a shit about material things. Ah... 8% seems pretty bad. Why not refinance? Its in my parents name, they are a fucking joke with money. I have no control over it but I pay it. Its a weird situation nagging 50 year olds to refinance and them not being able to because they buy a new car every 2 years. It has crossed my mind to say fuck it and not pay it since its technically not my responsibility but family is a weird thing. Boomers are fucking dumb. --- Sigless user <cite>HydraSlayer82 posted [p:928100811] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</cite> <quote>HydraSlayer82 posted...</cite> <quote>Our student loans are 8%. My mortgage is the same as yours though. Our car loans are 0%. Im putting aside 21% of my pay for retirement. Dont give a shit about material things.</quote> Ah... 8% seems pretty bad. Why not refinance?</quote> Its in my parents name, they are a fucking joke with money. I have no control over it but I pay it. Its a weird situation nagging 50 year olds to refinance and them not being able to because they buy a new car every 2 years. It has crossed my mind to say fuck it and not pay it since its technically not my responsibility but family is a weird thing. Boomers are fucking dumb.</quote> ... Copied to Clipboard!
pls 09/29/19 12:58:47 PM #57:	TheMikh posted... 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 Only in dumps like San Francisco and Seattle We don't really have that problem here in Chicagoland --- Do good. Eat communists. <cite>pls posted [p:928101107] in Average pe... [t:78050268]...</cite> <quote>TheMikh posted...</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> Only in dumps like San Francisco and Seattle We don't really have that problem here in Chicagoland</quote> ... Copied to Clipboard!
lesidesi 09/29/19 1:02:52 PM #58:	--- If they can get you asking the wrong questions, they don't have to worry about the answers. <cite>lesidesi posted [p:928101255] in Average pe... [t:78050268]...</cite> <quote></quote> ... Copied to Clipboard!
legendarylemur 09/29/19 1:40:14 PM #59:	I pay $380 for car and $800 for student loans monthly XD. Sigh --- "Iwata was awesome" - Mr. Nintendo https://i.imgtc.com/7dRrfE1.jpg <cite>legendarylemur posted [p:928102723] in Average pe... [t:78050268]...</cite> <quote>I pay $380 for car and $800 for student loans monthly XD. Sigh </quote> ... Copied to Clipboard!
The Eko 09/29/19 7:56:38 PM #60:	Holy fuck this topic --- P S N : TheEko <cite>The Eko posted [p:928117630] in Average pe... [t:78050268]...</cite> <quote>Holy fuck this topic</quote> ... Copied to Clipboard!
MaverickXeo 09/29/19 8:11:00 PM #61:	Hairistotle posted... Oh cool yet another topic where all the lucky rich people of ce talk down to the poor bastards nice "Just don't have any student loans!" "Just get 6 roommates or live with your parents!" "Just live in a cheaper area!" That sounds more like people who have actually been there and done that. If a person does not make enough money, they should be living in their means, not outside them. --- --- MaverickXeo --- <cite>MaverickXeo posted [p:928118109] in Average pe... [t:78050268]...</cite> <quote>Hairistotle posted...</cite> <quote>Oh cool yet another topic where all the lucky rich people of ce talk down to the poor bastards nice "Just don't have any student loans!" "Just get 6 roommates or live with your parents!" "Just live in a cheaper area!"</quote> That sounds more like people who have actually been there and done that. If a person does not make enough money, they should be living in their means, not outside them.</quote> ... Copied to Clipboard!
FL81 09/29/19 8:19:53 PM #62:	IdiotMachine posted... [c] Car: $479 there is no reason anyone should ever spend more than $3000 on a used car --- https://i.imgtc.ws/uBYqPMK.gif https://i.imgtc.ws/UAGNJFv.gif https://i.imgtc.ws/cBTnWgf.png https://i.imgtc.ws/wdjM3F8.png <cite>FL81 posted [p:928118416] in Average pe... [t:78050268]...</cite> <quote>IdiotMachine posted...</cite> <quote>[c] Car: $479</quote> there is no reason anyone should ever spend more than $3000 on a used car</quote> ... Copied to Clipboard!
GoodOlJr 09/29/19 8:22:05 PM #63:	Ex-Kefiroth posted... What sort of rube pays almost $500/mo for a car? And only eats 200$ worth of food This shit is backwards --- http://farm4.staticflickr.com/3475/3291766630_b434e97925.jpg 3DS: 1005-8921-6109 <cite>GoodOlJr posted [p:928118499] in Average pe... [t:78050268]...</cite> <quote>Ex-Kefiroth posted... </cite> <quote>What sort of rube pays almost $500/mo for a car?</quote> And only eats 200$ worth of food This shit is backwards </quote> ... Copied to Clipboard!
gloBal enemy 09/29/19 8:31:39 PM #64:	Rather than post what my numbers are (as I wouldn't want it to be seen as bragging, and besides, Australia is not directly comparable in prices), I'm currently spending about 1/3 of my total income on those expense categories with the largest one being mortgage payments. I suspect our housing prices are more disproportionately high here in Sydney than most parts of the US. --- If you can understand this, I'm 2/cosC for you. <cite>gloBal enemy posted [p:928118849] in Average pe... [t:78050268]...</cite> <quote>Rather than post what my numbers are (as I wouldn't want it to be seen as bragging, and besides, Australia is not directly comparable in prices), I'm currently spending about 1/3 of my total income on those expense categories with the largest one being mortgage payments. I suspect our housing prices are more disproportionately high here in Sydney than most parts of the US. </quote> ... Copied to Clipboard!
MacadamianNut3 09/29/19 8:32:00 PM #65:	Lol that car payment and utilities What are you doing to have $317 in utilities, leaving your house lit up like a Christmas tree? I just paid my utilities (gas, water, electric) and freaking Comcast being $90 alone, and those 4 added up to around $300 --- Roll Tide & Go Irish <cite>MacadamianNut3 posted [p:928118863] in Average pe... [t:78050268]...</cite> <quote>Lol that car payment and utilities What are you doing to have $317 in utilities, leaving your house lit up like a Christmas tree? I just paid my utilities (gas, water, electric) and freaking Comcast being $90 alone, and those 4 added up to around $300</quote> ... Copied to Clipboard!
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Solid Snake07 09/29/19 8:58:24 PM #67:	If you're making $479 car payments every month you're a fucking idiot. I don't care how much money you make a year. --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:928119880] in Average pe... [t:78050268]...</cite> <quote>If you're making $479 car payments every month you're a fucking idiot. I don't care how much money you make a year.</quote> ... Copied to Clipboard!
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Solid Snake07 09/29/19 9:22:16 PM #69:	JustMyOpinion posted... Solid Snake07 posted... If you're making $479 car payments every month you're a fucking idiot. I don't care how much money you make a year. What a stupid thing to say. Looking at the monthly payment as opposed to the total loan repayment is a dumb way to do it. The only reason to be making a car payment that high is to buy a car you can't really afford. Sorry, but taking large loans out to buy a depreciating asset is fucking dumb. If the truth offends you, well, you should probably do some self reflection instead of getting mad at the person being straight with you --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:928120722] in Average pe... [t:78050268]...</cite> <quote>JustMyOpinion posted...</cite> <quote>Solid Snake07 posted...</cite> <quote>If you're making $479 car payments every month you're a fucking idiot. I don't care how much money you make a year.</quote> What a stupid thing to say. Looking at the monthly payment as opposed to the total loan repayment is a dumb way to do it.</quote> The only reason to be making a car payment that high is to buy a car you can't really afford. Sorry, but taking large loans out to buy a depreciating asset is fucking dumb. If the truth offends you, well, you should probably do some self reflection instead of getting mad at the person being straight with you</quote> ... Copied to Clipboard!
AnimeFan462 09/29/19 9:23:33 PM #70:	This is why taxes are too high. --- Now Playing: Borderlands 3, Zelda Link's Awakening Remake, Atelier Lydie & Suelle, Atelier Lulua, and Mario Maker 2 <cite>AnimeFan462 posted [p:928120767] in Average pe... [t:78050268]...</cite> <quote>This is why taxes are too high.</quote> ... Copied to Clipboard!
vigorm0rtis 09/29/19 9:29:43 PM #71:	Reliant on where you live, of course. In NYC or San Fran it's gonna be higher, where I live, lower. --- "Can't wait to count out your coin!" -- Bethesda, 2018 <cite>vigorm0rtis posted [p:928120979] in Average pe... [t:78050268]...</cite> <quote>Reliant on where you live, of course. In NYC or San Fran it's gonna be higher, where I live, lower. </quote> ... Copied to Clipboard!
lesidesi 09/29/19 9:38:12 PM #72:	Rent: 3900 Food: 1200 Wine: 500 Utilities: 200 Internet/TV/Phone/etc: 200 ~6000 a month minimum --- If they can get you asking the wrong questions, they don't have to worry about the answers. <cite>lesidesi posted [p:928121280] in Average pe... [t:78050268]...</cite> <quote>Rent: 3900 Food: 1200 Wine: 500 Utilities: 200 Internet/TV/Phone/etc: 200 ~6000 a month minimum</quote> ... Copied to Clipboard!
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Solid Snake07 09/29/19 10:18:25 PM #74:	JustMyOpinion posted... It's like you know nothing about money. The lower the term generally the lower the interest and the higher the monthly payment. You can't necessarily judge the size of the loan by the monthly payment. You need to know the term too. Think before you post. Lol, I guarantee you I know more about finance than you. Borrowing money to buy something you dont need that will be worth less than what you borrowed before you pay it off is a bad idea, and it's not exacly a complex concept so.....maybe you should take your own advice and think --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:928122771] in Average pe... [t:78050268]...</cite> <quote>JustMyOpinion posted...</cite> <quote>It's like you know nothing about money. The lower the term generally the lower the interest and the higher the monthly payment. You can't necessarily judge the size of the loan by the monthly payment. You need to know the term too. Think before you post.</quote> Lol, I guarantee you I know more about finance than you. Borrowing money to buy something you dont need that will be worth less than what you borrowed before you pay it off is a bad idea, and it's not exacly a complex concept so.....maybe you should take your own advice and think</quote> ... Copied to Clipboard!
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Solid Snake07 09/29/19 10:26:11 PM #76:	JustMyOpinion posted... Solid Snake07 posted... JustMyOpinion posted... It's like you know nothing about money. The lower the term generally the lower the interest and the higher the monthly payment. You can't necessarily judge the size of the loan by the monthly payment. You need to know the term too. Think before you post. Lol, I guarantee you I know more about finance than you. Borrowing money to buy something you dont need that will be worth less than what you borrowed before you pay it off is a bad idea, and it's not exacly a complex concept so.....maybe you should take your own advice and think A car is something who doesn't need? You speaking for everyone now? Seems you don't know much about depreciating assets either claiming how loans are always bad for those. You have any more stupid things to say today? Go on, I could use some more laughs. You dont need a car that takes 3 years to pay for. Look dude, I dont care. Stay poor and owe money on shit you don't need and can't afford for the rest of your life for all i care, no skin off my ass. Good luck with that --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:928123061] in Average pe... [t:78050268]...</cite> <quote>JustMyOpinion posted...</cite> <quote>Solid Snake07 posted...</cite> <quote>JustMyOpinion posted...</cite> <quote>It's like you know nothing about money. The lower the term generally the lower the interest and the higher the monthly payment. You can't necessarily judge the size of the loan by the monthly payment. You need to know the term too. Think before you post.</quote> Lol, I guarantee you I know more about finance than you. Borrowing money to buy something you dont need that will be worth less than what you borrowed before you pay it off is a bad idea, and it's not exacly a complex concept so.....maybe you should take your own advice and think</quote> A car is something who doesn't need? You speaking for everyone now? Seems you don't know much about depreciating assets either claiming how loans are always bad for those. You have any more stupid things to say today? Go on, I could use some more laughs.</quote> You dont need a car that takes 3 years to pay for. Look dude, I dont care. Stay poor and owe money on shit you don't need and can't afford for the rest of your life for all i care, no skin off my ass. Good luck with that</quote> ... Copied to Clipboard!
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gloBal enemy 09/29/19 10:39:37 PM #78:	As someone who used to work in automotive financing (as an external consultant), sometimes it's actually cheaper to borrow to buy the car than to fund it using cash (think opportunity cost). Subvention campaigns are quite common during slow sales whereby manufacturers will offer additional cash incentives to both dealers and borrowers to buy the car - at the time, the market interest rate for an unsecured personal loan (i.e. anything other than a mortgage over a residential property) was circa 15-20%, and even a standard residential mortgage secured with a <80% LVR would've still been 6-8%, some automotive financiers were offering 1% finance for 3 years (for a 3 year loan) so if you had a mortgage at 6%, you'd be better off borrowing than using cash. The other thing is there are sometimes tax benefits to borrowing or leasing a car (tax deductions on interest for example, ability to use pre-tax income, etc), there could be inclusions at a discounted rate (eg you pay a fixed monthly payment but you get service/petrol/insurance/roadside assist/etc included), etc... and then when looking at monthly payments, it's not just the term that you consider too, but also the size of balloon/residual payment (to take title of the car), or if there's any kind of embedded derivative/guaranteed future trade-in value at a certain date. So whilst I appreciate the sentiment that a monthly payment might imply someone doesn't have the resources to pay for the car, I would digress here and say that quite a lot of people still choose to finance the car because it's actually the more financially sensible option. For me though it's a moot point since I just paid cash for my car, and for all my previous cars as well. --- If you can understand this, I'm 2/cosC for you. <cite>gloBal enemy posted [p:928123590] in Average pe... [t:78050268]...</cite> <quote>As someone who used to work in automotive financing (as an external consultant), sometimes it's actually cheaper to borrow to buy the car than to fund it using cash (think opportunity cost). Subvention campaigns are quite common during slow sales whereby manufacturers will offer additional cash incentives to both dealers and borrowers to buy the car - at the time, the market interest rate for an unsecured personal loan (i.e. anything other than a mortgage over a residential property) was circa 15-20%, and even a standard residential mortgage secured with a <80% LVR would've still been 6-8%, some automotive financiers were offering 1% finance for 3 years (for a 3 year loan) so if you had a mortgage at 6%, you'd be better off borrowing than using cash. The other thing is there are sometimes tax benefits to borrowing or leasing a car (tax deductions on interest for example, ability to use pre-tax income, etc), there could be inclusions at a discounted rate (eg you pay a fixed monthly payment but you get service/petrol/insurance/roadside assist/etc included), etc... and then when looking at monthly payments, it's not just the term that you consider too, but also the size of balloon/residual payment (to take title of the car), or if there's any kind of embedded derivative/guaranteed future trade-in value at a certain date. So whilst I appreciate the sentiment that a monthly payment might imply someone doesn't have the resources to pay for the car, I would digress here and say that quite a lot of people still choose to finance the car because it's actually the more financially sensible option. For me though it's a moot point since I just paid cash for my car, and for all my previous cars as well. </quote> ... Copied to Clipboard!
Solid Snake07 09/29/19 11:12:01 PM #79:	JustMyOpinion posted... Solid Snake07 posted... JustMyOpinion posted... Solid Snake07 posted... JustMyOpinion posted... It's like you know nothing about money. The lower the term generally the lower the interest and the higher the monthly payment. You can't necessarily judge the size of the loan by the monthly payment. You need to know the term too. Think before you post. Lol, I guarantee you I know more about finance than you. Borrowing money to buy something you dont need that will be worth less than what you borrowed before you pay it off is a bad idea, and it's not exacly a complex concept so.....maybe you should take your own advice and think A car is something who doesn't need? You speaking for everyone now? Seems you don't know much about depreciating assets either claiming how loans are always bad for those. You have any more stupid things to say today? Go on, I could use some more laughs. You dont need a car that takes 3 years to pay for. Look dude, I dont care. Stay poor and owe money on shit you don't need and can't afford for the rest of your life for all i care, no skin off my ass. Good luck with that At 3 years the rate will generally be low enough that you'll make money on the spread you would make by investing in say an index fund. But it's ok, not all of us are good at finance. Oh, I wasnt aware you bought a magical car that appreciates in value. That changes everything The interest rate of the loan isnt relevant to what I'm telling you. The fact that you cant even comprehend that shows how hopeless it is to try to talk sense with you about this. So as I said, keep giving away chunks of your paychecks away every month. I'm sure that'll work out great for you --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:928124821] in Average pe... [t:78050268]...</cite> <quote>JustMyOpinion posted...</cite> <quote>Solid Snake07 posted...</cite> <quote>JustMyOpinion posted...</cite> <quote>Solid Snake07 posted...</cite> <quote>JustMyOpinion posted...</cite> <quote>It's like you know nothing about money. The lower the term generally the lower the interest and the higher the monthly payment. You can't necessarily judge the size of the loan by the monthly payment. You need to know the term too. Think before you post.</quote> Lol, I guarantee you I know more about finance than you. Borrowing money to buy something you dont need that will be worth less than what you borrowed before you pay it off is a bad idea, and it's not exacly a complex concept so.....maybe you should take your own advice and think</quote> A car is something who doesn't need? You speaking for everyone now? Seems you don't know much about depreciating assets either claiming how loans are always bad for those. You have any more stupid things to say today? Go on, I could use some more laughs.</quote> You dont need a car that takes 3 years to pay for. Look dude, I dont care. Stay poor and owe money on shit you don't need and can't afford for the rest of your life for all i care, no skin off my ass. Good luck with that</quote> At 3 years the rate will generally be low enough that you'll make money on the spread you would make by investing in say an index fund. But it's ok, not all of us are good at finance.</quote> Oh, I wasnt aware you bought a magical car that appreciates in value. That changes everything The interest rate of the loan isnt relevant to what I'm telling you. The fact that you cant even comprehend that shows how hopeless it is to try to talk sense with you about this. So as I said, keep giving away chunks of your paychecks away every month. I'm sure that'll work out great for you</quote> ... Copied to Clipboard!
gloBal enemy 09/29/19 11:19:32 PM #80:	Solid Snake07 posted... Oh, I wasnt aware you bought a magical car that appreciates in value. That changes everything It does happen every now and then.... usually in the high performance/cult-classic category, but occasionally in the consumer class (eg remember when Prius was in high demand and there weren't enough of them?). But doubt this is the case for 99% of people. --- If you can understand this, I'm 2/cosC for you. <cite>gloBal enemy posted [p:928125101] in Average pe... [t:78050268]...</cite> <quote>Solid Snake07 posted... </cite> <quote>Oh, I wasnt aware you bought a magical car that appreciates in value. That changes everything </quote> It does happen every now and then.... usually in the high performance/cult-classic category, but occasionally in the consumer class (eg remember when Prius was in high demand and there weren't enough of them?). But doubt this is the case for 99% of people. </quote> ... Copied to Clipboard!
Lorenzo_2003 09/29/19 11:44:22 PM #81:	pls posted... 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. Yeah, all good points. These costs seem inflated. --- ... <cite>Lorenzo_2003 posted [p:928126030] in Average pe... [t:78050268]...</cite> <quote>pls posted...</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.</quote> Yeah, all good points. These costs seem inflated.</quote> ... Copied to Clipboard!
MC_BatCommander 09/29/19 11:58:40 PM #82:	Lmao at people paying almost 500 a month for a car, no wonder everyone's fuckin broke --- The Legend is True! <cite>MC_BatCommander posted [p:928126425] in Average pe... [t:78050268]...</cite> <quote>Lmao at people paying almost 500 a month for a car, no wonder everyone's fuckin broke</quote> ... Copied to Clipboard!
SK8T3R215 09/30/19 12:00:56 AM #83:	Imagine going to college, getting a degree, and making less than $40K after graduating. Lmfao --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:928126496] in Average pe... [t:78050268]...</cite> <quote>Imagine going to college, getting a degree, and making less than $40K after graduating. Lmfao</quote> ... Copied to Clipboard!
RIPVyseCity 09/30/19 12:09:42 AM #84:	My electric bill this month is $292 down from $323 last month. That's what it costs to live in 110+ degree weather <cite>RIPVyseCity posted [p:928126741] in Average pe... [t:78050268]...</cite> <quote>My electric bill this month is $292 down from $323 last month. That's what it costs to live in 110+ degree weather</quote> ... Copied to Clipboard!
Unsugarized_Foo 09/30/19 12:19:13 AM #85:	SK8T3R215 posted... Imagine going to college, getting a degree, and making less than $40K after graduating. Lmfao I don't have to...then again I got no student debt, so ha! But these topics are always funny cause it really shows how financially stupid or weak willed a lot of people are --- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana <cite>Unsugarized_Foo posted [p:928126996] in Average pe... [t:78050268]...</cite> <quote>SK8T3R215 posted...</cite> <quote>Imagine going to college, getting a degree, and making less than $40K after graduating. Lmfao</quote> I don't have to...then again I got no student debt, so ha! But these topics are always funny cause it really shows how financially stupid or weak willed a lot of people are</quote> ... Copied to Clipboard!
gloBal enemy 09/30/19 12:32:04 AM #86:	SK8T3R215 posted... Imagine going to college, getting a degree, and making less than $40K after graduating. Lmfao If you're only looking at graduate roles... what'd you expect? They're literally the entry level for people who have read some books but with no real experience. Ask them again in ten years though and see how they are. --- If you can understand this, I'm 2/cosC for you. <cite>gloBal enemy posted [p:928127320] in Average pe... [t:78050268]...</cite> <quote>SK8T3R215 posted... </cite> <quote>Imagine going to college, getting a degree, and making less than $40K after graduating. Lmfao</quote> If you're only looking at graduate roles... what'd you expect? They're literally the entry level for people who have read some books but with no real experience. Ask them again in ten years though and see how they are. </quote> ... Copied to Clipboard!
MacadamianNut3 09/30/19 1:02:31 AM #87:	RIPVyseCity posted... My electric bill this month is $292 down from $323 last month. That's what it costs to live in 110+ degree weather Yikes Mine was $30 --- Roll Tide & Go Irish <cite>MacadamianNut3 posted [p:928128103] in Average pe... [t:78050268]...</cite> <quote>RIPVyseCity posted...</cite> <quote>My electric bill this month is $292 down from $323 last month. That's what it costs to live in 110+ degree weather</quote> Yikes Mine was $30</quote> ... Copied to Clipboard!
#88	Post #88 was unavailable or deleted.
gloBal enemy 09/30/19 8:03:36 AM #89:	JustMyOpinion posted... Uh, the rate very much changes it because in the scenario I just described it's better to pay monthly than to buy it all at once. So unless you're trying to argue that buying a car in general is stupid (which would be a dumb argument) my point is very valid. Maybe step back and really think about this a second before making another dumb post. I personally think he's dug himself into a hole by making such a general comment around affordability/living beyond means when it's in relation to something which could be required to generate income and/or there may be other rational and deliberate reasons why someone would choose to finance over purchase outright. --- If you can understand this, I'm 2/cosC for you. <cite>gloBal enemy posted [p:928134666] in Average pe... [t:78050268]...</cite> <quote>JustMyOpinion posted... </cite> <quote>Uh, the rate very much changes it because in the scenario I just described it's better to pay monthly than to buy it all at once. So unless you're trying to argue that buying a car in general is stupid (which would be a dumb argument) my point is very valid. Maybe step back and really think about this a second before making another dumb post.</quote> I personally think he's dug himself into a hole by making such a general comment around affordability/living beyond means when it's in relation to something which could be required to generate income and/or there may be other rational and deliberate reasons why someone would choose to finance over purchase outright. </quote> ... Copied to Clipboard!
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The Top Crusader 09/30/19 8:23:33 AM #91:	Can't get internet that cheap around here, and my cell phone bill is higher, but a lot of that is way off for most people. I realize rent is all over the place across the country but you can easily spend less than half that around here for a perfectly good place, and a lot less for a crappy place. >_> I don't think I've ever paid more than $250 for a car payment, and that's with nothing down to begin with. Car insurance would never be that high unless you're a horrible driver. I pay mine annually to save a few bucks but if I didn't it'd be less than $80 a month for two cars covered. --- https://imgur.com/09qFfLV <cite>The Top Crusader posted [p:928135033] in Average pe... [t:78050268]...</cite> <quote>Can't get internet that cheap around here, and my cell phone bill is higher, but a lot of that is way off for most people. I realize rent is all over the place across the country but you can easily spend less than half that around here for a perfectly good place, and a lot less for a crappy place. >_> I don't think I've ever paid more than $250 for a car payment, and that's with nothing down to begin with. Car insurance would never be that high unless you're a horrible driver. I pay mine annually to save a few bucks but if I didn't it'd be less than $80 a month for two cars covered.</quote> ... Copied to Clipboard!
MacDaMurderer 09/30/19 8:39:24 AM #92:	Why is the car payment so high? --- @macdamurderer GT: Mac Da Murderer <cite>MacDaMurderer posted [p:928135362] in Average pe... [t:78050268]...</cite> <quote>Why is the car payment so high? </quote> ... Copied to Clipboard!
Vermander 09/30/19 8:50:12 AM #93:	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. Lmao your username is showing. --- Remember kids, Jesus died for your sins. So if you don't sin, Jesus died for nothing. <cite>Vermander posted [p:928135573] 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> Lmao your username is showing.</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.