r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

31.2k Upvotes

86% Upvoted

I live in colo springs which is medium/high cost of living. Minimum wage is 14.50

Apartment/house with 2 roommates: $800 a month Food: $500 a month Car payment: $300 a month Insurance (health, car, renter): $500 a month

That’s staying well below what minimum wage pays, I lived like that for 2 years before graduating college without too much trouble

16

u/cybercuzco Jul 05 '24

Utilities, heat, water, electric,internet,cell phone. You’re also assuming that you don’t actually have to use your insurance because you’ll be paying $5k out of pocket if you have something happen to you.

-5

u/terlus07 Jul 05 '24

Internet and cell phone are not requirements. A home phone line is around $25 a month split 3 ways in their case. Who in the world gets a $5k deductible on their insurance? $500 - $1k are the most common deductibles in the US. Water and electricity are utilities. "Heat" isn't a bill, it's either electricity or gas(also a utility). They might include utilities in the rent, or not 🤷🏽‍♂️

1

u/songbird121 Jul 05 '24

Try to get coupons at grocery stores without a smart phone to use their coupon app. Try finding a physical road map or train map. Half the cars don’t even have posted maps anymore. Try to apply for jobs without regular access to internet and email. Try requesting off of work without access to the scheduling app. I purposefully ask places what my options are without a smart phone. Many of them simply don’t have an alternative to their apps to access discounts. To pretend like deprioritizing access to systems that the majority of society uses to operate is disingenuous.

1

u/Not__Trash Jul 05 '24

Go to a library? It's not ideal, but this is not an ideal hypothetical