/biz/ - Business & Finance

[Anonymous No.51622011]

I'm about to start a job and I will earn 35k€ brut a year, about 1700€ net a month in 15 pays.
My expenses are about 650€ or 700€ a month (I share a flat with another guy). Im about to buy a car so that's like 300€ more a month. Let's say my expenses are 1000€ a month.
How much money should I start putting in a pension plan/stocks? 200€ each?

[Anonymous No.51622048]

>>51622011
It's so cool that I'm earning enough money to see you as poor as fuck now. Stupid poverty faggot

[Anonymous No.51622168]

This post reminded me why I still live with my parents

[Anonymous No.51622201]

>>51622168
Because you don't have a girlfriend?

[Anonymous No.51622331]

>>51622048
>>51622201
>>51622168
pls respond though

[Anonymous No.51622418]

1. you don't need a car, and if you actually do then just save for a bit and buy a reliable used one (e.g. vw polo mk4)

2. putting money in a pension plan is ridiculous especially in Europe, you'll get money from your taxes and if you want an extra cushion just invest in a solid etf, in 40 years it'll give you more return than any pension plan in europe ever could

[Anonymous No.51622437]

why do you say the gross number? to feel better about your pathetic net number?

I earn 1500 euros net per month and I work in a call center in Bulgaria (the poorest country in european union)

What do you work for? I hope you don't live in the West because that's a cashier tier salary in the West

FUCK CAPTCHAS AND JANNIES FFS

[Anonymous No.51622447]

Also don't buy a car
Also don't live with roommates
you can't afford these things clearly

[Anonymous No.51622463]

>>51622011
Why are you taking on a 300/mo car payment you imbecile

[Anonymous No.51622469]

man, it blows my mind how low the pay is in eu. I don’t understand how you guys can travel and party so much

[Anonymous No.51622477]

>>51622469
we don't have to tip 10$ for a 20$ bagel

[Anonymous No.51622492]

>>51622011
>I should get a car that is 10% of my salary!

[Anonymous No.51622517]

>>51622492
more like 20%

[Anonymous No.51622536]

>>51622469
He is just a poorfag, the average pay in my country is 50k€, nearly the same as in the usa and I only pay €600 for a flat in a good neighbourhood without any niggers (in a city and not on the countryside).

[Anonymous No.51622638]

>>51622447
>you cant afford these things
I will be saving about 900-1000€ a month if I don't buy a car, how can I not afford it? also I got some savings (about half the cost of the car I will buy).
>>51622463
Because I need a car to get to work. I could take a bus and then a train and then another bus but I prefer the comfort of driving instead.
>>51622469
>>51622536
>35k gross annualy
>low salary
Okay lads.

[Anonymous No.51622646]

>>51622331
Try saving very aggressively and then relaxing to a point you can be comfortable

[Anonymous No.51622651]

>>51622638
You're a moron. Buy a $3000 used car. Or a moped or something. You are poor

[Anonymous No.51622660]

>>51622638
This is low lel, also no comfy wfh.

[Anonymous No.51622708]

>>51622651
>live like a poor person even though you can save 1k a month anon, don't even eat meat or fish! don't dare to have netflix or have a gym membership!
Are you serious?
>>51622660
35k is pretty decent in my country, Spain. Of course it is a kinda low salary compared to Luxembourg or Norway. But the cost of living is also higher there.

[Anonymous No.51622740]

Poorfag lol
I'm 25, bought a house in the center of the city, don't have to take a loan
Earn 3k net interests. job pays me 2800 month (teacher latin)
drive a porsche
soon me and my gf gonna start kids

get on my level (you probably are not physically able to)

anyways get off biz no normies allowed here who say cucked shit like "comfort of driving" lmao have fun in traffic jams

only driving comfort is f1

[Anonymous No.51622742]

>>51622708
Before you start blowing money, go read some books on personal finance. A car is one of the worst things to go into debt over. It costs you money in so many ways, insurance, gas, repairs, depreciation etc etc. Just buy something cheap and good on gas and save to fund your financial freedom.

[Anonymous No.51622782]

>>51622708
I make 1500€ more per month after taxes than you and my monthly expenses are only 1000€ and I don't have any annoying roommates like you + a comfy wfh job. Sorry but you are a poorfag.

[Anonymous No.51622792]

>>51622651
>You're a moron. Buy a $3000 used car. Or a moped or something. You are poor

Seconded. Live like a poor person if you want to be rich or even just comfortable one day.

[Anonymous No.51622795]

>>51622011
I have to start a job next week that is 4 hours from my mom's house and I have no where to stay down there. Hotels are like $100 a night. Should I just sleep in my car all week and then drive back on the weekends. idk what to do

[Anonymous No.51622868]

>>51622795
I've been in a similar situation. It won't kill you to spend the first week or two living out of your car. Go to the gym after work every day to get some exercise and a shower. You can also look at Facebook listings for short term rentals, or Airbnb in the area for the first month or two. Save up some cash, get a cheap apartment or buy a camper or something

[Anonymous No.51622878]

>>51622795
Basically my point is you can do it much cheaper than paying for hotels. They're practically a scam with how much they charge these days.
>t. Lives on the road

[Anonymous No.51622951]

>>51622868
Where do you park though?
Also let's just say the city the job is in is a bit "dark" so I'm not sure how wise it is to just sleep in a car somewhere.

[Anonymous No.51622978]

Got an offer for IT helpdesk in leaf country for $24/hr CDN. Do i take it or keep looking for another offer?

[Anonymous No.51622992]

>>51622951
Truck stops or rest stops always have people sleeping in their cars overnight. You can also buy some of those window shades to cover up your windows. I sleep in the back of my large SUV on the regular when I'm travelling without my RV

[Anonymous No.51622997]

>>51622978
A bird in the hand is worth two in the bush. Take the job and you can keep looking while you work

[Anonymous No.51623009]

>>51622782
Compared to you I am indeed.
>>51622742
>>51622651
I know it's a bad financial move to buy a new car but I am kinda scared of getting a second hand cheap one and then having to repair whatever the shit comes up... I don't know shit about cars and have no friends who do, I don't want to be scammed.

[Anonymous No.51623014]

>>51622997
This is true.
I had a job a few months ago but I didn't like the drive so I quit. It took me over 2 months to start my new job, I could have paid off all my debts by now if I just kept working.

[Anonymous No.51623027]

>>51622011
Feels bad when i earn 5000€ gross per month and net is 3000€. Fucking taxes

[Anonymous No.51623041]

>>51623009
Buy used from a dealership with a warranty. You'll pay slightly more but nothing like if you had bought new. I'd also advise against taking on any debt for it
>>51623014
Yeah, some money is always better than no money. Plus you might find other opportunities by working there. Maybe they like you and offer a competitive rate to keep you after a few months

[Anonymous No.51623046]

>>51623009
go off biz and go to reddit or to lgbtq groups in your local community

[Anonymous No.51623048]

>>51622997
>>51623014
True, the only reason im hesitating is because of the commute which takes a bit over an hour for one way.

[Anonymous No.51623097]

>>51623048
That's brutal and that's why I quit.
I was spending 2 hours on the road a day.
I was waking up at 6 AM to get ready, leaving at 7 AM, getting there at 8.
Getting off at 5.
By the time I got back to the house, it was a 12 hour day. Just enough time to make dinner and then it was time to go to bed.
That's really far to drive. Some people do it but I can't.

[Anonymous No.51623136]

>>51623048
helpdesk and they don't let you WFH?
tell them to fuck off

[Anonymous No.51623167]

>>51623009
Most used cars will work just fine.
I just sold my used car, it had been parked in the driveway for 6 years untouched. The buyer went and got a new battery for it and it cranked up first try.

[Anonymous No.51623190]

>>51622011
Shit dude I'm europoor too and I make €35k net per month and even I don't have a car yet

[Anonymous No.51623206]

>>51623097
ive done two other interviews that i think went well enough. im expecting to hear back from them after i start the job with the long commute tho. Kinda feel sad that if i do get a new offer i'll quit this not even a week after starting
>>51623136
i think its more hands on things they want me to do since theyre expanding and its a new location

[Anonymous No.51623221]

>>51622011
Tissue shortages. Remember those times?

[Anonymous No.51623365]

>>51623167
>>51623190
Okay guys I won't buy a car but can you answer me, how much money should I start putting monthly in stocks? considering I will make like 1700€ and my expenses are 800€ or so.

[Anonymous No.51623435]

>>51622418
>2. putting money in a pension plan is ridiculous
You have no idea what you are talking about, and don't understand the difference between tax wrappers and what a pension actually is. Please stick to buying imaginary coins online.

[Anonymous No.51623442]

>>51623435
pls respond >>51623365

[Anonymous No.51623456]

>>51623442
stocks and pension plan*

[Anonymous No.51623536]

>>51623365
I'd do like
300/mth into stocks
150/mth cash (in case u need to fix ur car)
150/mth crypto

[Anonymous No.51623591]

>>51623442
A pension is a vehicle for you to save for your retirement, and will allow you to Invest in whichever fund you wish. There are important tax benefits to pension contributions.

Different EU countries have different tax laws so I can only give it to you from a UK perspective.

Find out what your new employer offers in terms of a workplace pension and start there. You want a mixture of pension investment and personal investment that focuses on a diversified portfolio.

Or buy imaginary coins not backed by tangible assets. I dunno.

[Anonymous No.51624152]

>>51622011
250 savings 250 investments 200 personal fun money

You shouldn't buy the car though desu

[Anonymous No.51624172]

>>51622418
Pension plans are based they're just a stocks and shares isa but your employer matches what you put in

[Anonymous No.51624191]

>>51624172
He's in a EU country, but yeah they cone with amazing tax benefits in the UK. EU countries generally have a better state pension than us though.

[Anonymous No.51624254]

>>51622011
bro I am paying my housekeeper more than 35.000 eurobux a year, in what kind of shitty country do you live?