I guess I forgot to factor in gas, but my new job is less than a mile away and hybrid, so that helps keep the cost fairly subdued. No kids also helps keep the grocery bill down for me. Plus sometimes I only shop for myself, since I goto a regular grocery store and my GF gets suckered into weird stuff she sees on TikTok from Trader Joe’s and Whole Foods lol So depending on the trip, I could get away with like $75 for a week of meals/snacks etc.
Collectively I'm spending that much just on gymnastics between monthly expenses, meet fees, fucking leotards, and hotels. Baseball is prob another grand easy, basketball probably another grand. Then there's cheaper activities but still add up like football/soccer/piano/camps. Prob went 7500-10k last year just on activities.
Last year of daycare* though #blest. *still be paying FT preschool tuition next year but we're closer!
I thought my daycare expenses would go down with kindergarten but it ends at noon and the after school program is only $200 cheaper than my days are was. That plus wife wanting #3 means our childcare will actually go up $1000 for next few years… fml.
This is basically my strategy. I automatically transfer a set amount to brokerage and/or savings every two weeks and only allow myself live off the scraps.
I pay $2500 a month for a 1BR alone but planning to move in with my girlfriend in the next year. That should make my rent about $1400 a month. What I'm paying now is stupid but living comfortably so really looking forward to investing a large chunk of the extra $1100 monthly I'll have laying around. A mortgage is looking like a goddamn snack right now, lighting money on fire is no fun.
Kids are way more expensive than I fathomed as a 29 year old. We have 3 kids, our middle one is about to start full day kindergarten next year and then we just have our little guy in day care for 2 more years. Can’t wait til I’m only paying for after care. I’m going to try and catch up by paying those daycare funds to the brokerage for a while.
Is this along the lines of ESG or eco investing? I have zero experience with it, but gotta think there are ETFs that focus on eco friendly equities.
Gross is a more accurate representation of that, especially if you include tax advantaged vehicles (Traditional 401k, HSA, FSA's). Those totals reduce your tax liability, impacting your take home pay.
yea, finding the funds is easy enough (https://fossilfreefunds.org/, for example) - just was trying to see if there were any at the asset manager / platform level that as a firm didn't invest in those things
Have two kids of my own and the pay raise you get simply by shifting from full time preschool to after school care (especially through the public school system itself) is amazing and freeing. Hang in there. You can almost taste it.
A more formulaic approach is this (basically total contributions/total benefits (pay and matches)): 100*(contributions for 401k, HSA + company match and other company provided (cash balance/pension) + IRA contributions) / (sum take home + contributions for 401k, HSA + company match and other company provided (cash balance/pension))
Actually fairly sickening to see the markets uptick this week after the latest batches of unnecessary layoffs, conducted by C Suite execs in long term self preservation mode. The dog on the street could see how inflation was turning 2 months ago and the latest Fed increase was going to go.
We sold our house on 12/30. Asked the wife if she was cool going all in on VOO with our proceeds until we figured out our next move. she said no.
Certain segments hit very hard. Payoffs are well and good (and are excellent for tech) but are pure “I’m sorry” money from C Suiters that does not reflect life circumstances. If I was 24 and had no dependents, getting a lump sum would be a dream scenario. I’m sure plenty are delighted. But if you’re 30 and about to get married/buy a home/have a kid it likely won’t be. It’s something that will take some time to recover from, whether that’s repairing a payslip history for a mortgage or building up the benefits to take maternity leave. The majority of these layoffs are not about cost cutting. If you want to look at cost cutting layoffs, look at Intel where it is pay cuts i.e. few real cash costs for the company but a genuine cash saving. But these are all about signalling, it has to be somewhat random in order to show how serious you are. Most of these are about C Suiters looking hard so that dullard investors don’t “swarm” them like Salesforce. They need a nice round 3 or 4 digit number of layoffs to show how serious they are. Their penance is the severance money (which ain’t even their money) and a LinkedIn post saying how hard it is for them personally after “over hiring”. In reality it is shareholder value destruction at a significant level, along with big damage to some people’s lives. I worked on a few cost cutting measures “look backs”. Dullard consultants coming up with new Target Operating Models, managers incentivised to cut headline cost and dullard investors not asking the hard questions about real cash costs. Everyone playing up to the charade that it’s “necessary.” And then I’m the one making more money calling out how stupid it all is. And the cycle goes on!
This year will be a grind, I wouldn’t be surprised with a lot of chop this year but earnings will be key for what the ultimate path will be.
Woof earnings from a handful of major companies after hours. AMZN, GOOG, AAPL, Ford and Starbucks all meh.
That’s what Keith McCullough and the Hedgeye boys are saying, profit recession even if we avoid a real recession. Economy could still be fine but stonks down for awhile
We had some good friends a number of years back when we lived in ATL and we lost some touch with them when we moved but kept doing Xmas cards. So one year we get this one with the husband, wife, three young kids and a super hot blond. I asked my wife as casually as possible "So who's the other woman?" Apparently they got a mid-20s live in nanny from Germany and decided to put her on the Xmas card as well. It's funny how the husband's smile was a good bit wider than the wife's.
and the bogle response to this is how confident are you the price you sold at to go all cash will be lower than the hypothetical future recession bottom, combined with the odds of soft landing and never coming close to the prices you sold at (no one has been able to get this correct over a long enough timeline to win)
The tech layoffs are so annoying cause it’s obvious it was a factor of people being forced to go digital and unrealistic growth that these companies tried to sustain when there was zero chance of that happening
I browse Reddit and see these SW engineers who make $500k/yr fully remote get laid off and immediately begin to sweat bullets about their next meal. R/overemployed is also hilarious
If you believe social media, a lot of those 500k guys live paycheck to paycheck with lifestyle creep…they may actually be sweating it which blows my mind. If I made double what I make now, my lifestyle wouldn’t change a ton
Most people who tell you they make that much money in "tech" have comp packages that are heavily skewed towards stock. They aren't drawing a $500,000 salary. Not telling you to feel sorry for them, but their disposable income/liquid assets aren't what you think when someone tells you they make $500k. I spoke with a recruiter from Amazon who threw out "comp of $450k" but my cash salary would have gone way, way down.