Quote:
Originally Posted by westopher
$2000 a month for a family of 3 is groceries if you want to eat vegetables and meat instead of cup of noodles and canned beans.
We need to pay extra for the "fancy daycare" or one of us wouldn't be able to work, because it's only the expensive ones that are open longer than 8-5. We also took the only daycare that got back to us after trying to register for 15 because they are all too full. Things aren't working for people here, as much as many think that there are ways around it.
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I thought you're talking about $2,000/month a person lol. A LOTTTTTTT of my friends eat out around $40 - 60 a day year round, but $0 grocery bills. So around $15 - 22K a year before the splurges on weekends. I guess that's why the new built in cabinet condo fridges fit a 24 pack of seltzer and a pack of eggs. No one makes food in downtown anymore.
$2,000 for 3 and eating healthy and tasty meals is amazing.
Quote:
Originally Posted by carsncars
My partner and I were talking about this the one day. We have friends, professional higher-income (probably $400-450K/each in billings) DINKs. We were chatting one evening and they told us their monthly CC bill is $15-20K, which their income can support... but later that night we were trying to figure out where that all went?
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Last week I helped a friend do some pro bono financial planning because he wanted to buy a place vs rent in a few years but was in CC debt. He's making $140K at Big Tech before stock options & bonuses. So $100K after taxes or $8.3K monthly.
His monthly expenses were
- $2,400 Rent Downtown (Reasonable with parking, $3,000 + now)
- $1,850 UberEats for daily $25 Lunch, $30 Dinner and $5 coffee & snacks
- $600 Dating expenses paying for 2 people $150 Dinner, Activity + Drinks 1x a week.
- $800 for event tickets, music festivals, clubbing & alcohol, nose lattes, hosting parties, bday dinners
- $900 for insurance, gas, tire and brakes
- $1,000 for a used C400 car loan
- $800 for 1 oversea trip, skii trips, golf trips, long weekend trips
$8,350 a month spent. In order to pay for sporting equipment, misc expenses, haircuts, utilities, it's funded via cc + selling stock options.
End result was that expenses weren't worth being cut cause you're only young once and you can always make more money.