/biz/ - Business & Finance

[Anonymous No.18789053]

how much does a normal wagie saves end of the month?
50%?

[Anonymous No.18789104]

>>18789053
Are you serious? Less than 10%, most probably less than 5%. Depends highly on which country tho.

[Anonymous No.18789112]

Most people, regardless of income level, live paycheck to paycheck. The normal wagie saves nothing that isn't automatically deducted from his paycheck.

[Anonymous No.18789115]

>>18789104
desu i wasn't thinking about people making 30-50k, but more like 80-200k

[Anonymous No.18789123]

>>18789053
The black pill is most of the population don't save anything. They just consume.

[Anonymous No.18789126]

>>18789053
>Steel Reserve
Ah yes, I remember my life being a living hell, too.

[Anonymous No.18789134]

>>18789115
So not a "normal" wagie at all, retard.

Anecdotally, I make 96k before taxes and save about 30k a year.

[Anonymous No.18789150]

>>18789115
But that’s not your regular wagie dude.
If you’re smart enough for a six figure job chances are a little higher you are smart enough to not burn everything every month

[Anonymous No.18789152]

>>18789115
>80-200k income
>normal wagie
Pick one.

[Anonymous No.18789168]

>>18789134
how much after taxes is that 96k?
30+ years to save 1 million then.

[Anonymous No.18789174]

>>18789115
You don't know what wagie means

[Anonymous No.18789184]

>>18789112
but that defeats the purpose of life. thats just wrong.

[Anonymous No.18789189]

yes, the "normal" was retarded

[Anonymous No.18789209]

>>18789168
in good days you could also contribute to 401k which is even better.

[Anonymous No.18789247]

>>18789209
Why would you want to contribute to a 401k? You can't withdraw from it until you're 60.

[Anonymous No.18789391]

>>18789247
err thats the whole point
by the time you are 60 you will be golden.
and you can't contribute more than a certain % anyway about 10% i think. and (again in the good times!) your company can match up to 100% and it is pre-tax too.

[Anonymous No.18789408]

>>18789391
what if you want to retire in your 30s? or in your late 40s?

[Anonymous No.18789484]

>>18789408
Most people lack the competency, care, and patience to actively manage their money, and benefit from having it put in a place where they can't touch it. If you want to retire early, you need to be able to amass a sum that either allows you to live off of the dividends/growth, or will provide you an annuity for however long until you plan to die.

[Anonymous No.18789518]

>>18789484
You can amass that sum very easily actually: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

[Anonymous No.18789697]

>>18789518
I unironically agree, but it was to my understanding that the nature of the post and the conversation at large that we were making sweeping generalizations about the behavior of normal people.

[Anonymous No.18789740]

>>18789053
I'm able to save 25% of my take home pay a month because I wasn't retarded enough to buy a house at the top and fall for the mortgage meme. Job security is so non-existant these days, I don't see why anybody would buy a home, only to be laid off after a few years and then get foreclosed on. Kek

[Anonymous No.18789824]

I've worked in a factory with normies for 10 years, they dont save anything

And they're in debt. From my experience most people at this level have this impulsive monkey brain with no self control and no ability to plan for the future.

People who get paid monthly, blow all their money within a week and then lend money off people for the rest of the month

[Anonymous No.18789845]

>>18789053
-5%

[Anonymous No.18789864]

>>18789053

less than zero. most people save nothing and only go further and further in debt.

[Anonymous No.18789917]

>mfw I earn $110k
>mfw I live at home with mummy and daddy
>mfw they buy everything for me
>mfw I save 100% of my salary

[Anonymous No.18789973]

>>18789917
what job do you do?

[Anonymous No.18790059]

>>18789917
Kek

[Anonymous No.18790106]

>>18789053
I live with my parents, don’t eat at restaurants and commute by trains so easily >50% saved

[Anonymous No.18790113]

>>18789053
god i wish that were me

[Anonymous No.18790120]

>>18789917
Same Mande 50k last year still live with moms dad plus company car company phone. I don’t pay for nothin. Invest 95% of the money I make.

[Anonymous No.18790137]

Most people can't save enough except to be able to get through one moderate emergency without completely destroying their quality of life by living in their car. And what would they save for anyways?
People in the Philipines are probably happier than us because they just accept being poor and shitty and don't have this annoying voice in the back of their head that says "don't you wanna make it? Where's your AMBITION? Don't you have AMBITION?"

[Anonymous No.18790186]

£3k after tax and student loans, save around £1k, that's without a family to look after. That figure would get decimated if I had a few kids and a dog

[Anonymous No.18790203]

>>18789053
>>18789150
>>18789104
Normal wagies don't save. >50% of America is paycheck to paycheck at any point in time. Now with corona, it's probably even higher.

>>18789115
I'm in your range and I save ~35%.

[Anonymous No.18790232]

It depends on what you mean by “normal” but there’s some private college students (very likely still supported by parents) who work retail jobs and manage to sock away 70% of their pay so as to not spend it on stuff like concert tickets and clothes that other college students typically do.

[Anonymous No.18790281]

>>18789053
possibly normal wagie here, i make 60k a year
>take home 74% of paycheck after tax
>montly bills account 59% of montly take home, roughly 2 paychecks
>since recently out of uni this also includes aggressive loan payment, once im done with loans my monthly bills will account for 39% of my monthly take home
>put 33% of whats left directly into a savings account
>20% goes to my stock investments
>the rest i leave in checking account, roughly 28% of my montlyh take home, maybe spend an additional 30-40% of that on food, other shit i want

at the end of the day, per month i directly save like $500 and indirectly save close to $700. I could save more if i didnt spend anything on fun stuff after ive paid off everything but thats okay, ill be done with my loans next winter and have roughly 15k total in the bank by then

[Anonymous No.18790287]

>>18789053
Notice all the store bought beer. Real economists home brew

[Anonymous No.18790288]

>>18789053
im military, I personally save about 75% of every take home paycheck. but I knew retards who would buy $400 worth of beer, magic the gathering cards, jeep modifications, tattoos, whatever the fuck money sink every two weeks on top of bills so my habits aren't common

[Anonymous No.18790356]

>>18790281
You sound a lot like me but I invest in crypto instead stocks and live with my parents until I finish two years at my job which then I will get a mortgage on a small starter home. We are going to make it.

[Anonymous No.18790369]

14% of my take home pay if I can get my full 40 hours. My 401k and HSA contributions make up another 10%.

Confirmed wagie for life, still making the absolute minimum after a decade of slaving. Nobody within my circle of coworkers saves so much as a dime long term.

[Anonymous No.18790374]

>>18790356
yes brother! we will make it!

[Anonymous No.18790376]

>>18789053
i save around 40%, no i don't earn 6 figures and i am not living on rice and beans, and i do live in a nice neighborhood, but i don't own a car and i do have a budget.

[Anonymous No.18790390]

>>18789053
Normal wagie: -10% (debt)
Based wagie: 75%

[Anonymous No.18790399]

I don't save anything anymore, I can't hold down a job and I spent all my savings buying a measly 4k LINK so I'm just finding ways to live for free and every once in a while throwing a pittance of LINK into the stack and either fixing the shit in my life that breaks or upgrading my computer or something.

[Anonymous No.18790418]

>>18789126
I hope the brain damage heals over time. Probably not 100%

[Anonymous No.18790425]

>>18789973
Senior Larper III

[Anonymous No.18790431]

>>18789150
People don't have general intelligence, they have specific intelligence. Smart in one area does NOT transfer to other areas in most cases.

[Anonymous No.18790475]

>>18789053
>50%
The average normie spends his entire paycheck

[Anonymous No.18790486]

>>18789053

Average in America is like 5% but average is not normal; it includes very rich people. Normal wagies spend it all or more. When they make more money, they buy more things. Forgot where I read it, but something like 1/3 of people with 6-figure incomes live paycheck to paycheck.

[Anonymous No.18790546]

The real question is how much do racist incels spend on internet magic beans?

[Anonymous No.18790880]

>>18789518
This guy eats rice every never travels and his only pasttime is biking. Pass.

[Anonymous No.18790934]

>>18790137
That's sad though. Don't they realize work is slavery?

[Anonymous No.18791005]

>>18790934
Most work sucks, but lets be real, it is not slavery.

[Anonymous No.18791043]

>>18790880

>Eats rice every (day)

I'll give you that one. That shit has arsenic in it and it actually is enough to fuck up your health if you eat it every day. It's a shame, too. I love rice. But, in general, if you make your own food instead of buying it, it's WAY cheaper.

>Never travels

He travels all the time. Traveling is a meme anyway.

>His only pastime is biking

And that is the only pastime you need. Mountain biking is totally awesome and its only downside is the fags that shave their legs and wear spandex and tell you all about how much better the trails were at Moab that one time they went there. I'd do it every day if I didn't have to work.

[Anonymous No.18791143]

>>18789053
>how much does a normal wagie saves end of the month?
>50%?
your average wagie is broke a week before payday

[Anonymous No.18791155]

>21yo wagie living with his mom
>Been working at a minimum wage job for a year and a half now
>People there are really nice, but it's a shitty job
>Realize I can save quite a lot of money if I control my spendings
>I manage to save around 40% of my paycheck after allowance and reimbursing my credit card if I need to
>Rona hits
>PCU arrives in my bank account, keep almost everything I received
>Even if I have to reimburse it it will have next to no impact on my budget
Right now I'm saving for my first car and i'm keeping some so I can start a formation for a better paying job and move outside the city. It's not much, but i'm happy with what I've accumulated so far.

[Anonymous No.18791187]

>>18789053
I dunno, probably between 60 or 70% of their pay. People are recommended to have up to 6 months income saved away for emergencies. I figure most people do that.

[Anonymous No.18791385]

>>18789053
If you don't live with your parents its really hard to save money, most of it will go to your landlord

[Anonymous No.18791461]

>>18789053
I make 2k a month and save 1k a month. Stacked 3 BTC and 250 DCR the past 2 years by simply DCA. Did 2 years of altcoin research and finally started stacking DCR in February. I got enough BTC knowing that I'll never have to work again in a few years and will be able to eventually live off my DCR staking rewards. Everyday I wake up at 4 a.m. to go wage slave knowing I'm about to be richer than my boss who's been waging for 40 years within the next year or two.

[Anonymous No.18791512]

>>18789973
Head Chef at Wendy's

[Anonymous No.18792027]

>>18789973
financial analytics on /biz/

[Anonymous No.18792047]

>>18789973
Cock Sucker

[Anonymous No.18792111]

I earn 82K AUD pa. Take home pay per fortnight is 1960.00 So two pays per calendar month:
Each month I will save 4-500 on average

[Anonymous No.18792392]

>>18789115
im 30k club and invest 66%+

can live on 100-200 a week depending on travel.

i actually have more potential $$$ than my boss, after only a year.
he's jelly.
thinks im some genius.
gives me dollar raises every few months
cause sees my capital game is beyond on point.

[Anonymous No.18792431]

my capital investments make more money than i do working.
can make 1-10 grand a week on investmestments, and make shit working.
he's blown away by it.

i'm just saving up enough to move to a shithole
and live comfy/fuck alot of asian traps until i die

[Anonymous No.18792564]

>>18792431
Nice. What sort of investments?

[Anonymous No.18792605]

>>18789740
What's the difference between being foreclosed on and being evicted?

Rent cuck cope

[Anonymous No.18792777]

>>18789740
>I'm able to save 25% of my take home pay a month

Double that before you even think of being smug on /biz/. I'm saving 60% of my unemployment coronabux.

[Anonymous No.18792778]

>>18789115
It's surprising but even people who make 500k a year some of them spend every last penny
Maybe it is the area I live in but some people I know would spend their last 1000 bucks a month to pay a ridiculous car lease over buying food to feed their children

[Anonymous No.18792782]

>>18789150
>If you’re smart enough for a six figure job chances are a little higher you are smart enough to not burn everything every month


You'd be suprised many "rich" people are broke

[Anonymous No.18793092]

>>18789053

>3 pounder cans of steel reserve

Imagine the smell the next morning

[Anonymous No.18793493]

>>18789053
ZZZZZZZZZZZZZZZEEEEEEEEEEEEEEEEEEEEEERRRRRRRRRRRRRRRRRRROOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

[Anonymous No.18794305]

>>18789053
ive been laughing at this picture for like 5 minutes now

[Anonymous No.18794441]

>>18789115
I sick away 10% to my 401k, 300 to my financial adviser and then a round 3700-4200 in be savings. That is over a month period. Only thing I have is my mortgage.

[Anonymous No.18794457]

Most wagies save between 50-90%
The whole living paycheck to paycheck thing is bullshit propaganda to normalize it and try to entice more people to live that way but in reality its only a minority that does that.

A lot of people lie about being broke too so they arent hassled for money by anyone

[Anonymous No.18794616]

>>18790281
You sound like me. How much do you pay per month on (((student loans)))? How much was the principle starting amount? Did you refinance?

[Anonymous No.18794663]

>>18789115
Last year I made ~$100k after taxes and $16k going to 401k. I saved about $4000 a month after expenses.

[Anonymous No.18794673]

>>18794305
What is he doing? Sleeping? Masturbating?

[Anonymous No.18794686]

I make about 55k before taxes and save roughly 20k after each year.

[Anonymous No.18794786]

>>18789150
haha no.
google lifestyle creep.
my parents are a prime example of this. both make about 100k each. both pay everything with credit cards & save zero dollars at the end of each month.
this is more common than you'd think.

[Anonymous No.18795123]

>>18789053
thats a man

[Anonymous No.18795137]

>>18794305
reminds me of some places i was living during/immediately after my undergrad... dark times

>>18794673
por que no los dos?

[Anonymous No.18795202]

>>18789053
isn't that guy dead in that pic?

[Anonymous No.18795586]

>>18789053
I save 60% every month. I live in the Baltics.

[Anonymous No.18795616]

>>18790281
Pretty much exactly what I'm doing too, except I'm making 70k and not investing yet
Student loans will be gone in 9 more payments

>>18790356
That was my exact plan down to the tee, but then I realized I couldn't stand to live with my mother for two more years.
Moved out this March to rent a cheap house 2 minutes away from my job for $650 a month plus ~$150 in utilities
The freedom is definitely worth the money spent for me, but maybe your relationship with your family is better than mine

>>18794616
I pay $2,500 a month on loans
Started at $30,000. All federal between 3.5% and 5.05%, didn't refinance (and there's no point in doing so while there's no interest)

[Anonymous No.18795695]

>>18794305
Too soon

[Anonymous No.18795700]

>>18789115
Whatever you earn, the system fails if you don't spend it all or go into serious debt.

[Anonymous No.18795766]

>62k / yr.
>buy 2/2 condo for $120k
>have roommate pay half my living expenses
>don’t buy stupid shit like expensive cars/ drugs / hookers and pay triple the mortgage payment to pay it off in 10 yrs

[Anonymous No.18795823]

A shitty (long) week of work is rent+bills+most food budget covered. Pay will double in the next few years and the only thing I see costing more is the switch from an apartment to a house just for a garage. I'm a UPS driver. Doesn't cost much sit around all weekend playing video games or riding motorcycles.

[Anonymous No.18795895]

>$50k after-tax salary
>$23.5k living expenses (rent, food, insurance, etc.)
>$18.2k investment in index funds
>$8k left for crypto and hobbies
It's alright. I moved out right after university since I can't stand living with other people.

[Anonymous No.18796476]

>>18791512
that's like being a wardrobe supervisor at a barbie doll competition.

[Anonymous No.18796508]

>>18789115
wagie means HOURLY WAGE idiot, anyone making 80k+ aren't getting a WAGE they're getting a SALARY.

[Anonymous No.18796541]

I’m a wagie and every penny that doesn’t go towards food or bills goes into crypto or my brokerage account.

I will make it.

[Anonymous No.18796575]

>>18795616
Holy fuck, I only pay $400 a month and I'm 40k in the hole (was 42k a year ago). I need to clearly up my payment game.

I don't live with parents though, and I have a car payment and insurance to pay as well. I definitely need to down on food though, especially eating out. I can probably save $200-300 a month just doing that.

[Anonymous No.18796588]

>>18796508
That picture is so obviously made by a boomer it hurts.

[Anonymous No.18796598]

>>18789053
normie wagies spend almost all of their money each month. The average person has almost no savings. They have no self control or introspective ability to facilitate change. They are literally closer to animals than man.

[Anonymous No.18796608]

>>18795823
Trying to get into UPS as an Aircraft Dispatcher. They got some kino salaries after a few years there with their new union contract.

Ironically, cargo airlines are making money hand over fist while passenger airlines are plummeting. Usually, it's the other way around.

[Anonymous No.18796616]

Normal wagie isn't on /biz/, stop thinking you are one and everyone saves and invest.
Normal wagie lives paycheck to paycheck and grows a debt while he pays another one. When he paid everything he'll get another big debt.

Why do people blogpost itt about their shitty savings ?

[Anonymous No.18796624]

>>18796508
>Mortal Kombat
>FPS

Holy Boomer, Batman.

[Anonymous No.18796630]

>>18789053
>50%
Fucking Kek
Also
>wagies making 80k-200k a year
Fucking christ you have no grasp of reality

[Anonymous No.18796656]

>>18796616
Normal wagie buys a new fridge because he's bored of the one he has and saw a 10% offer.
Normal wagie goes to France with 5k for 2 weeks and forces himself to spend it all.

[Anonymous No.18796682]

>>18796598
Even though this is true for a too big a portion of people, it's also partly due to the fact that (depending on where and with how big a family you live) waging leaves you with little to no money left to save after monthly expenses.

[Anonymous No.18796920]

>>18794457
> The whole living paycheck to paycheck thing is bullshit propaganda
> A lot of people lie about being broke too so they arent hassled for money by anyone
Feels like these two can't be true at the same time.

[Anonymous No.18796989]

>>18796508
What kinda boomer made this cartoon?
Mortals kombat shooting?

[Anonymous No.18797005]

0%

[Anonymous No.18797084]

>>18792605
>get evicted
>know living out of your car won't be that bad, save a last month's worth of rent to make car payments and cell phone payments
>still have excellent credit as long as you maintain communication and a payment plan with your prior landlord
>just stay in your car for a while until you find a new position and then take out a small loan to relocate

vs.

>get foreclosed on
>knowing how bad this is, its very likely that you've lost everything else at this point too
>credit is shot, can't get a relocation loan, can't get an apartment without wheeling and dealing with a shady landlord, basically can't relocate even if you find work unless they offer sponsored relocation
>if you were the kind of employee that got sponsored relocation you wouldn't be in this position to begin with

hmmm

[Anonymous No.18797134]

>>18789053
A negative percentage, usually. Everybody is always in debt constantly.

[Anonymous No.18797317]

>>18792111
Aussie anon here, how do you earn 10k more than me before tax but your take home pay is less? HECS memes?