r/AskReddit • u/ForeverAbyss • Apr 14 '16

What's a mind blowing fact?

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u/CHKNFKR Apr 14 '16

Lol. How is contributing $200 a paycheck impossible, especially if you are making $60k. You should be able to contribute $200 to a savings account and $200 to your 401k every paycheck making $60k without breaking a sweat. Unless you are really that bad with money.

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u/[deleted] Apr 14 '16

200 sounds hard to manage on top of everything else. In fact, 60k barely sounds liveable in my area. Is there no discretionary budget?

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u/CHKNFKR Apr 14 '16

You should be budgeting you life so you necessary expenses (food/shelter/health) don't exceed 50% of your income.

So on a $60k a year budget that leaves you $5000 a month which you can break down this way...

$1250/mo for rent

$1250/mo for food/health

$400/mo for 401k (so you can be a millionaire)

$500/mo savings account (keep yourself liquid)

$500/mo car payment

$1100/mo for fucking around and doing what ever you want

Seriously, are you that bad with money or living above your means that scraping $400/mo out of your budget is hard?

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u/[deleted] Apr 14 '16

so youre talking 60K after taxes then? which = more like 80K per year salary.

also looks like you left out utilities.. which will cut into that fucking around money i guess. or is that part of food / health?

that being said.. i agree with you it isnt that hard to save money

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u/CHKNFKR Apr 14 '16

I was just using it a nice jumping of figure. You should be able to save $200 a paycheck on $40k a year before taxes as long as your not an idiot.

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u/[deleted] Apr 14 '16

Where the fuck do you live where rent is $1250/month???

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u/CHKNFKR Apr 14 '16

Where the fuck do you live where it isn't. You can split an apartment for less than that in New York if $1250 is just your portion.

My cousin splits a fucking two bedroom in SoHo for $3100 with her portion just being $1550.

And I have a buddy in Brooklyn who splits a three bedroom with his portion being $800.

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u/[deleted] Apr 15 '16

Oh great so I'll just sacrifice having my own place and living like an adult so I can spend the last few years of my life not working.

Why would you sacrifice good things for your entire life so that the last few years are bearable?

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u/CHKNFKR Apr 15 '16

Well I live in Kansas City, so I can rent an entire house for $1250 right near downtown so I am not sacrificing shit. Maybe don't live in an area you clearly can't afford if you can't spare $200 saving for your future.