Assuming you have $3000+ take-home pay after taxes...

with one post, and one sentence, you've managed to brag about your income, advertise that you are a big spender and like nice things, and assuming none of that $$ is going into savings and you have nothing left at the end of the month, disclosed that you can't live within your means.

am I close?

most of the people on this board like nice things (obviously) and I bet a good % are big spenders too, but don't wave the "look at me" flag quite so enthusiastically.

edit, didn't see the post where you listed your expenses... you're seriously getting killed on your car payment. why would you go for such a big payment when it streches you so thin?

 

i'm sorry i didnt look at it like that... i was just trying to figure out if other people had the same issue and if so how to fix it...

if i wanted to wave a look at me flag i wouldve posted a thread titled "free nudes PM for email" - as GPMike has already asked about.

 

Wow you have quite the monthly payments. Things like insurance and car payments can be lowered so definitely start looking into that. If it really starts to get out of hand (which is seems like it is), then you might be best looking into an older S.

Shop at walmart (I do, it's great!). Don't buy anything you don't need. Try not going out that much. And the best thing to do is to just sit down and record all your expenses and create a budget for yourself.

 

Others don't have the issue because we calculate things before we make big purchases.

This is how to fix it:
Try financing the car longer or make a down payment or something.

Move into a cheaper place. It may not be as nice, but it will save you money so you can buy a home one day.

Try shopping around for insurance and get the smallest amount of full coverage they have. This will hopefully make you drive safer since you won't have tons and tons of coverage to fall back on.

 

Any chance you accidentally left out your 401K in these list?

 

You also have an RSX. Can you live with only one car? If you had the RSX before the S, did you calculate how the car payments of a 2008 S2000 would affect you? Or did you not know your monthly payments until your first statement?

Seems like there's quite a few things you can do. It'll be a lot easier and fulfilling to live without pinching and squeezing your money on every paycheck

 

Sell your s2k and rsx and go out and buy yourself a functional vehicle like a Cayenne Turbo or even a Bugatti Veyron. Then people will take you more seriously and you can get a job making more $$$$$$.

 

^ Very good advice.

 

These are just estimates (living in a decent part of LA):

After taxes and 7% retirement you'll make around:

$34,500

18,000 yr/ rent 1bdr/nice/utilities
6360 yr/car 5yr@5% int.
1800 yr/insurance (conservative) it would be 200+/mo in LA @ your age.
2400 yr/gas (going up)
3600 yr/food (more if you eat out often)
600 yr/phone (more if you really use it)


which leaves you 1800 or 150 bucks a month to either save or spend on whatever.


this is of course with no other debt and a low interest rate for your car.


If you want to be a "baller" you need a lot more than 50K.

If I made 50K/yr I wouldn't know what to do with it... Oh yeah I would: Mutual Funds.



EDIT: This post is now rendered obsolete/redundant/useless