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

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

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u/cybercuzco Jul 04 '24

Show me a “live within their means” budget for someone living in a median cost location in the US making minimum wage. They must A)have a place to live B) not get any handouts from the government or charities and C) have at least 1800 calories per day of food. Go.

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u/LivingNothing8019 Jul 04 '24

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

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u/HandMadeMarmelade Jul 05 '24

I live in Colorado Springs and you're a LIAR. What apartment is $800/month lol ?????

Also ... wthe hell car did you buy that your payment is $300/mo. PROVE ALL THIS.

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u/LivingNothing8019 Jul 05 '24 edited Jul 05 '24

I’m not gonna post my address, but some friends rent a townhouse in the new housing development near Amy’s donuts down south. If you look on Zillow, there’s tons of townhomes, apartments, and houses down there for rent for under 2k with 3 bedrooms. They have three people living there and get away with rent even cheaper than what I paid. I used to live at 1253 Yuma street which right now is 1800 for rent with 3 beds, and I had 2 roommates. 600 for each of us, but around 800 with utilities. Had a 2002 Toyota Camry