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Old 07-21-2018, 03:30 PM
 
Location: Confines of the 101 Precinct
19,455 posts, read 34,519,331 times
Reputation: 8314

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Quote:
Originally Posted by Mr.Retired View Post
O kay...............

You are missing one more variable for an exact answer.

38% of ___________= your answer.

In this example I am demonstrating an example on rental not home ownership.
If your take home pay is $100,000 a year that's $3,166 per month rent leaving you with $62,000 or $1,192 per week to utilize paying off utilities,car insurance ,food ,clothing,etc.....
If you are taking home $100,000 per year you should be comfortable and be able to set some monies aside as future savings.

If you make $50,000 per year that's $1,583.00 per month rent leaving you with $31,000 or $596 per week to utilize paying off utilities,car insurance ,food ,clothing,etc.....
If you are taking home $50,000 per year and live on a tight budget you just might squeak by. I don't think there will be room for future savings.

I have always been of opinion that if you want to live comfortably in NY you had better have an income of at least $100,000 a year in 2018.
100,000 a year with no alcohol and cigarettes, you'll live like a champ in NYC

U drink or smoke, forget it, you'll be poor

A pack cost $15 by my job

A six-pack of Heineken by my job is like $15

Come to think of it, a pack of damn near anything in Manhattan costs at least $15

Lol
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Old 07-21-2018, 03:31 PM
 
581 posts, read 585,303 times
Reputation: 117
Quote:
Originally Posted by moneymkt View Post
How do a single person spend $800 a month on food?
Before you answer my question with a question, go read the replies.
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Old 07-21-2018, 04:06 PM
 
581 posts, read 585,303 times
Reputation: 117
Quote:
Originally Posted by Mr.Retired View Post
O kay...............

You are missing one more variable for an exact answer.

38% of ___________= your answer.

In this example I am demonstrating an example on rental not home ownership.
If your take home pay is $100,000 a year that's $3,166 per month rent leaving you with $62,000 or $1,192 per week to utilize paying off utilities,car insurance ,food ,clothing,etc.....
If you are taking home $100,000 per year you should be comfortable and be able to set some monies aside as future savings.

If you make $50,000 per year that's $1,583.00 per month rent leaving you with $31,000 or $596 per week to utilize paying off utilities,car insurance ,food ,clothing,etc.....
If you are taking home $50,000 per year and live on a tight budget you just might squeak by. I don't think there will be room for future savings.

I have always been of opinion that if you want to live comfortably in NY you had better have an income of at least $100,000 a year in 2018.
Thank you! This is very helpful! I think I can afford this apt. I can make it work but it will definetely affect my savings.
My original question was about how much would you put aside for savings each month. Some people say 10%, others say at least 30%.
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Old 07-21-2018, 06:46 PM
 
8,030 posts, read 5,236,219 times
Reputation: 9167

https://www.youtube.com/watch?v=2Z4m4lnjxkY
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Old 07-21-2018, 06:55 PM
 
581 posts, read 585,303 times
Reputation: 117
Ryu or whatever your name is , I have you on my ignore list because you dragged this thread with your trolling. I don't have time for this. Have fun with yourself!

Last edited by safina1; 07-21-2018 at 07:10 PM..
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Old 07-21-2018, 07:22 PM
 
8,030 posts, read 5,236,219 times
Reputation: 9167
Is this a realistic monthly expenses plan ?

Same thread scenario from 2009 but i am troller.
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Old 07-21-2018, 07:24 PM
 
3,673 posts, read 1,336,779 times
Reputation: 1549
Quote:
Originally Posted by Mr. Ryu View Post
Is this a realistic monthly expenses plan ?

Same thread scenario from 2009 but i am troller.

OP has been exposed lol
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Old 07-21-2018, 07:28 PM
 
Location: Manhattan
2,080 posts, read 965,840 times
Reputation: 1004
Quote:
Originally Posted by Mr. Ryu View Post
Is this a realistic monthly expenses plan ?

Same thread scenario from 2009 but i am troller.
...oh...
you are so much more than just having a penchant for... tiddays!
good memory.
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Old 07-21-2018, 07:33 PM
 
8,030 posts, read 5,236,219 times
Reputation: 9167
Quote:
Originally Posted by Aeran View Post
...oh...
you are so much more than just having a penchant for... tiddays!
good memory.
I am detective too. The $800.00 a month for food, female powerlifter put my spidersense BS alert on, join date of 2009 with a low rep/low post, etc. I did a search on all threads made by the poster and discovered a pattern. Either this person is bad with money, has short term memory, or likes to create threads for fun.

Female powerlifter = flat, muscular tiddays. (my kryptonite)

Last edited by Mr. Ryu; 07-21-2018 at 08:09 PM..
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Old 07-21-2018, 09:01 PM
 
581 posts, read 585,303 times
Reputation: 117
I owe you nothing! So no explanation! Yes, I did post in 2009 and I am posting again this year.
Having said that, Two more trolls have been added to my ignore list. Have a nice life!
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