If you stay single, you can easily earn £50,000 per year as a single person’s salary with free company car and lots of other benefits. I love my bachelor life
Definitely…I spent most of my adult life making around 35-40k USD, which is approx. 27-30k GBP. In roughly a 10 year period I managed to pay my way through college and earn 2 degrees without borrowing a dime, pay off about 40,000 dollars on a mortgage, and save 30k. I eventually upgraded jobs and am making a considerable amount more…but what I’ve noticed with coworkers is just like the people in the article…they’re broke no matter what they make. I knew guys at my last job who got by comfortably on combined household incomes under 100k by being smart with their finances, and I know people at my new job who struggle to get by on combined household incomes of 150k+ because they fail at finances.
These article are always bulls~~~ though…if you look at any one budget it might not look bad but compare them and you notice the article either lies, these people are idiots, or some sort of combination.
Some of the couples almost pay as much in child care as what one of the spouses brings home each month…like literally they work full time and bring home 300 bucks after taxes/child care. They’d make more if the lower earner quit their full time job and worked a few nights a week part time somewhere, which would allow them to cut out the child care expense and probably a good chunk of the transportation budget as well if they could do without some of the public transit spending, get rid of one of the cars, or simply just save money on fuel. At the very least this expense should drop significantly when the kids are school age…if neither parent wanted to alter their career path they should have planned a little better for it and maybe just held off another year to have kids.
Another thing I noticed is utilities. What the f~~~? How do you get one family spending 334 on the low end, and on the high end 1,180? Seems to me like someone of them could make some cuts here. 1180? How the f~~~? That’s more than my entire monthly budget including food and mortgage…no wonder these idiots are barely scraping by.
Transportation is another one…how do you get one family spending 205 a month and another spending 700? Seems like some of them could make some cuts here if they wanted to as well.
Or groceries…another example…250 on the low end to 664 on the high end? How does one family spend more than double what another does and not see any room for savings?
Or the one family…they end up with a 44 GBP a month surplus…yet set aside 250 a month for Christmas and birthdays and another 150 for holidays? Would it be that terrible to maybe take a vacation every other year, and spend less at xmas if your budget was that tight? 1000 per kid? What the f~~~ are they buying them? My parents never spent anywhere near that on me and I always felt like my Xmas’s were f~~~ing badass lol.
Look at housing costs as well…range of 500-1000. I guess this would have some variation depending exactly where they live…but again…seems like with such a huge range some of them could save some money. Seems like the mortgages end up being quite a bit cheaper than the rental…would it have been impossible for them to save up a down payment before popping a kid out or finding a cheaper place to rent and saving a few hundred bucks a month?
Hey its not my life and its not my money, but it certainly feels good collecting more in dividends each month just for having money in the market than these couples are saving after working a combined 80 hours a week lol. Frugality for the win!
Buller100 3 years, 5 months ago.
