$500 per month on entertainment, including “weekend getaways”

“Struggling”

$24k annually for a four year olds preschool

At that rate the teachers are extra well versed in Engels and Trotsky. That doesn't come cheap, mister.

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Hilarious that anyone would consider entertainment and vacations a part of their expenses and not as an allowance to their budget.

Also, owning a 2 million dollar mansion.

Their fucking mortgage makes no fucking sense. 1.6 million dollar mortgage is a hell of a lot fucking more than 3900 a month. I'm about to have a loan on 600k that is going to be pushing 3k.

On a 30 year mortgage, 3900/month is about right. 3900 x 12 = 46800 x 30 = 1.4M, then add in whatever the interest rate is. But aren’t interest rates 0% right now for homes in the US? A lot of people I know are refinancing their homes to take advantage of it.

Interest rates are not 0% lmao you think they just give away free money?

Well not to the poors no

thats not even that much tho

$70 a day on food what the fuuuuuuuuuuck

These are Amerilards we're talking about.

Amerilards eat cheap though

"Cheap"

reported for doxxing me

Seriously, I used to eat for around eighteen quid a week. Are they eating pure gold?

I wouldn't want to eat brit cuisine either.

Well how much did these squids cost?

That one really got me

They probably don't cook.

My local pizza shop will sell a fucking large pizza for 20 bucks. Feeds all 5 of us. That would only be 60 bucks a day. What the fuck are they eating?

>eating pizza 3 times a day

Doesn't that sound wonderful?

This is a great country

Paying down a mortgage

Maxing out 401k contribution

Spending 400 a month in clothes

Struggling

Who's even the target audience of this?

Saving $38k in a 401k and $12k in a 529 plan each year; that's 14.2% of gross income which is pretty much what's recommended. I didnt know struggling could be defined as being on track to retirement while living a great upper middle class life.

Also paying $2k/month into a mortgage asset. It's really not that bad.

Investing only 50k per year on 350k gross income is absolute trash.

Not really, that’s close to 15% which is the recommended amount. How fuckin much do people normally put in here, 40%?

Recommended only means that this is reasonable for a median person to save without making any big lifestyle sacrifices, and that's also around 20%.

These aren't people earning 60k before taxes, barely managing 15%. They're making 350k, and your expenses don't suddenly baloon up in a new tax bracket (if you're not a retard) . 30-40% is very easily achievable here, just live like you make 150k(and even that isn't a small amount).

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Lmao, "recommended amount".

It's like you think that retirement is candy that the state hands out only if you've been following the guidelines real well and been a good boy.

If you're making over 250k a year after taxes and don't have the peace of mind of knowing you can comfortably retire to some Mediterranean micro-state after 6 years then you've fucked up.

No you tard, most financial institutions recommend at least 15%. Agree on the last part though

Their home payments are also an investment, in a way. That property value isn't going to fall.

it's b8, journos write stories like this on the reg because they know it'll generate lots of seetheclicks from poors sharing it around on Twatter

Spending 400 a month in clothes

lol I haven't spent $400 on clothes in 25 years total as an adult, and I have a wardrobe (ok not really, just piles of dirty/in the middle/clean in rotation) of Carhartt, Patagonia, Arc'teryx, OR and North Face.

I only purchase new underwear and T-Shirts. I only once purchased a high end jacket but it was one of those fell off the back of an Amazon truck Marden's deals. I have dozens of expensive brand's clothes, they're just near ten/one billion years older than myself and that was just from my previous home in a 66k pop city where I could never exploit for the estate sales and cheap facebook sales I get in my new borderline city.

Investment banking vice presidents

People who just read headlines .

Be left. Spend 2 grand a month to send your kid to an overweight baby sitter with an AA.

Be right. Spend 2 grand a month to send kid to private religious school with an overweight nun.

They really are the same.

Nuns are less likely to rape your kid or use them for toddler fight clubs though

Nuns are Barry Bonds with those rulers though.

Wow wish I lived in 1958 with you

Still legal in 19 states! Sometimes you just gotta smack your kid in school.

I went to pick up my cousin from Catholic school and got my knuckles rapped by a nun in like 2008. I didnt even go to the school.

Talk shit get hit

Being in a toddler fight club builds character

the only day care ill ever send my kids to

Boys will be examined at the door I can look at the shape of head and tell if they bad or not

lmao phrenology lives on in the hood

And its a good thing.

At least the nun will beat the shit out of your kid for you tho

$400 a month for clothes? Do they wear everything once? That's a $100 bucks a person.

Dunno what the woman spends but this year I've bought 1 pair of pants and a pack of socks. I gotta step my /r/streetwear game up.

Either they’ve leant way too hard into the baby and toddler shit or they’re mentally retarded. Or both.

I'm going with both, anyone that doesn't realize their friends and family all have an excess of childrens clothes they are dying to get rid of are r-slurs.

Dunno what the woman spends but this year I've bought 1 pair of pants and a pack of socks. I gotta step my /r/streetwear game up.

Please fix yourself.

yesir

Where the fuck are they sending their kid to preschool that it costs 2 fucking grand a month?

Stop wasting money on that, charity and put down the forks. Fucking dumbasses

Gotta pay the price to keep your kids away from the demographic you're kneeling for.

Unicef lmao

Health insurance is subsidized but still has to pay 850.?? 😂 😂 Mutts getting butt fucked

Anyone who’s “struggling” while maxing out their 401k is too stupid to include

All the social security peeps that don’t make Coastal money and act like they’re poor

Me, after I started trying to build a fucking house...

And after that they still have surplus cash.

Maybe don’t live somewhere that has a median home price of $1.6 million? You could easily cut down that mortgage payment and property taxes. Also a Toyota Highlander is a pretty nice car, there are other SUVs that can be bought new for cheaper, not to mention used cars.

Lmao this isn't even struggling. It's just costs of a newborn and a toddler. In 2-3 years they'll free up thousands. Also living in the woods is free

feel bad for non trustfundcels tbh

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Toyota Highlander instead of a Range Rover

so poor 😭

They actually typed those words into the spreadsheet. They could have just said, "car payment" but they specifically wanted us to know that they were "sacrificing" by not having a range rover.

This is so misleading

struggling with a 1.8 million dollar house

They have a 60 year mortgage lmao what the fuck

or they managed to dig beneath the sofa cushions and come up with enough for a $1 million down payment

Or they bought it in 2008 for 1M and now its valued at 1.8M.

How are you retards all subbed to LFL and you still can't see obvious bait in the wild?

I wonder how the excessive Childcare costs can be resolved hmmm 🤔

Learn to cook you animals

Damn 350 grand a year just barely gives you everything you could possibly need.

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4000 mortgage and 2000 property taxes.

How about not making bad decisions.

$70 a day on food? The fuck?

HOW MUCH on entertainment? Jesus Christ. Their finances are obviously run by the children of the family. I was better at budgeting when I was 17.

Imagine being poor enough to have a mortgage.

Also charity begins at home. Why would you send $3600 to charity when you could really use that money yourself.

That other thread about bongs being poor is put in to perspective now

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Why is automod removing my culture? :(

What does the link say, what is it they’re trying to flog with this?

student loans paid off at 30

Lmao