[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y ] [Search | | Home]

r8 my budget

This is a blue board which means that it's for everybody (Safe For Work content only). If you see any adult content, please report it.

Thread replies: 12
Thread images: 3

All monthly. After tax.

Income: $5900
Student loan payments: $1498
Car payment: $248
Rent + util: $1400
Roth 401k: $1000
Remaining to spend/save for rainy day: $1800

Numbers might be a little off (rounded).
>>
>>1727118
youre poor and probably gay
>>
>>1727128

Poor yes gay no.
>>
>>1727118
Income £1,100 per month
Taxed about £80
NI is about £80
Shares plan £100
Petrol £100
Food £100
Rent (to parents) £200
Help to buy ISA £200

The rest into bitcoin. Lol
>>
>>1727118
>Car payment
>Student loan
>401k
Geez anon, it's like you want to be poor. Stop saving for rainy days and pay off your debts quicker. Don't succumb to Jewis usury. And 401k's are for old people, do something else with that money and r8 me senpai.

All monthly. Before tax ;)

Income: $20,000
Car Insurance: $300
Rent + Utility: $2,000
Food: $1000
Replenishing inventory: $10,000
Savings for next business: $2,000
Lamborghini fund: $2,000
Leftover money to spend on designer clothing and blow: $2,000

Numbers might be a little off (rounded)
>>
>>1727156

wtf I hate 401ks now
>>
OP, what is the interest rate on the student loan? If it's in excess of 4-5% you're an idiot for putting money into other savings accounts instead of taking the guaranteed return.

Social $328,77
Eating out $164,38
Grocery $123,29
Transportation $82,19
Liquor $24,66
Household/Misc $98,63

Then rent+utilities are around $1500, I have a shrink who charges me around $150 per month after the insurance settles out, and that's it.
>>
>>1727187
Oh, I bring in $7000 after tax and save around $5000 of that, almost entirely in tax-advantaged retirement accounts, which I can draw down whenever I need, penalty-free, using standard tricks if I need the money.
>>
File: 1449428334389.jpg (69KB, 630x455px) Image search: [iqdb] [SauceNao] [Google]
1449428334389.jpg
69KB, 630x455px
>>1727156
>Lamborghini fund
>Leftover money to spend on designer clothing and blow


>income $20k before tax
>expenses: $19.3k

I give you a bait/bait
>>
>>1727156
Are you familiar with the term "hedonic adaptation"?

Also if you're making $20k before tax, even maxing out a solo-401(k) and deducting all your rent as a business expense (neither of which you indicated that you're doing) would leave you paying over $4000/mo in taxes, so it sounds like you're going deeply into debt to me.
>>
>>1727156
>loaning is usury
Fuck off, kid
>>
>>1727187

4-6.5% but it's more cost effective to put $1000 into a 401k now than to put an extra 1000 towards loans.
Thread posts: 12
Thread images: 3


[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y] [Search | Top | Home]
Please support this website by donating Bitcoins to 16mKtbZiwW52BLkibtCr8jUg2KVUMTxVQ5
If a post contains copyrighted or illegal content, please click on that post's [Report] button and fill out a post removal request
All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
This is a 4chan archive - all of the content originated from that site. This means that 4Archive shows an archive of their content. If you need information for a Poster - contact them.