Thread 60773699

For talking about personal cash management, specially for wagies.

This month I will probably finish to pay all my debts related to credits and cards so I was wondering how to separate the money left for savings (20% of income)

Let's say I have three priorities in savings:
- Important but not vital surgery that improves my life at around $5000
- Getting a brand new laptop for my work of roughly $2000 (been using a government worn device for 15 years)
- Buying a house $??? (student that lives with his parents, started college this year)

Should I do a full investment into the most important thing on the list (surgery) or will it be better to invest slowly into the three objectives based on percentage of the savings pool?

I already have three months of expenses for emergency (unemployment or health)

All advice welcome!

>>60773699 (OP)
I don't budget. I make 10k a month after taxes and try not to spend much

>>60773699 (OP)
You have minimal expenses besides college you don't have to pay rent that's massive. First thing you should do is get a quality of life surgery. If you ask any older wealthy individual what they wish they had spent their money & time on when they were young it's almost always health.

Then buy a laptop? why the fuck would you buy a house when your laptop doesn't work and you can't generate income with it????

>>60773788
How are you making so much $ anon

>>60773807
Low 6 figures isn't a lot. I work at a data center

>>60773799
That's why the laptop is second on the list because is my source of income and study. But the government aid for getting a house (social house with shit neighbors and bad placement, crime) is pretty high, to apply you just need from $300 to $3000 and on two years or three you will be able to get your house while paying a mortgage credit that is not terrible.

>>60773699 (OP)
Budgeting is important but don't go overboard. 50/30/20 is solid. If you're young, your focus should be on increasing income. Income is more important then pennypinching. If you're older, focus on capital preservation via bitcoin. Actually, regardless of age, your focus should be on bitcoin accumulation once you've got a safety fund put together. Don't over think it, stack sats

>>60773916
Got it, solid advice.

>>60773699 (OP)
>muh credit card debt
Seriously how do people end up with this?
I've been low income for my entire life but always knew what I could afford or not.

>>60774567
Started using them after my stepmother asked me half of my salary as payment for living in my dad house. One thing lead to another and I had debts in credit cards when I couldn't afford something that I considered as a "need" in that time.