Making $25,000-$30,000 / year
You're broke. You're living with your parents and cannot afford a pot to p*ss in. You are barely making minimum payments on the little bills you have like car and phone and, if you have student loans, you are on income based repayment. At this point it may make sense to get a second job
One time Expense where you need to rethink budget? $100 and up
Investment/month - $0
Making $55,000 / year
Welcome to the average club. You can afford basic bills such as rent, car, phone, but anything outside of that is an issue. You may be able to go to a party here and there and live it up but you are barely surviving. If you have a girlfriend, she must have a job to help support the both of you otherwise it will be a HUGE struggle
One time Expense where you need to rethink budget? Around $500 and up
Investment/month - Under $1,000
Making $120,000 / year
This is the first stage of your life where you will feel financially free. Not $90,000, not $100,000, but when you're making $10K a month. You can afford anything you want, money, clothes, travel, etc. You can even purchase an upper tier car if you are willing to drop the amount you invest a month. In this tier you should have a nice amount saved up and are able to pay off bills with ease. If you are looking to be super frugal, you could probably pay off all loans (student, car, etc) of up to $30,000 in 12 months
One time Expense where you need to rethink budget? Around $2,000 and up
Investment/month - $1,000- $2,000
Making $200,000-$250,000 / year
This is when you start to feel rich. Like really rich. This is what I thought half a million would feel like TBH. You will be able to drop thousands on luxury items and not feel it hit your wallet (why would you, you got another $10-$15K coming next month after taxes). If you have a gf whatever her job is doesn't matter at all as she's essentially paying for trips and other luxury items. If you are super frugal, you can pay off most debts. Your taste will most certainly change at this level in everything from food, to clothes, to women, because you can afford it.
One time Expense where you need to rethink budget? $5,000 and up
Investment/month - $2,500-$3,500
You're broke. You're living with your parents and cannot afford a pot to p*ss in. You are barely making minimum payments on the little bills you have like car and phone and, if you have student loans, you are on income based repayment. At this point it may make sense to get a second job
One time Expense where you need to rethink budget? $100 and up
Investment/month - $0
Making $55,000 / year
Welcome to the average club. You can afford basic bills such as rent, car, phone, but anything outside of that is an issue. You may be able to go to a party here and there and live it up but you are barely surviving. If you have a girlfriend, she must have a job to help support the both of you otherwise it will be a HUGE struggle
One time Expense where you need to rethink budget? Around $500 and up
Investment/month - Under $1,000
Making $120,000 / year
This is the first stage of your life where you will feel financially free. Not $90,000, not $100,000, but when you're making $10K a month. You can afford anything you want, money, clothes, travel, etc. You can even purchase an upper tier car if you are willing to drop the amount you invest a month. In this tier you should have a nice amount saved up and are able to pay off bills with ease. If you are looking to be super frugal, you could probably pay off all loans (student, car, etc) of up to $30,000 in 12 months
One time Expense where you need to rethink budget? Around $2,000 and up
Investment/month - $1,000- $2,000
Making $200,000-$250,000 / year
This is when you start to feel rich. Like really rich. This is what I thought half a million would feel like TBH. You will be able to drop thousands on luxury items and not feel it hit your wallet (why would you, you got another $10-$15K coming next month after taxes). If you have a gf whatever her job is doesn't matter at all as she's essentially paying for trips and other luxury items. If you are super frugal, you can pay off most debts. Your taste will most certainly change at this level in everything from food, to clothes, to women, because you can afford it.
One time Expense where you need to rethink budget? $5,000 and up
Investment/month - $2,500-$3,500
