How many of you live paycheck to paycheck?

NYCGP · 08-22-2011, 12:38 PM

Quote:

Originally Posted by AU335i

this applies to me as well.

p.s. would it be financially irresponsible to get a loan to mod my car even if I have a steady job and just impatient? just wondering haha

Yes... but you already know that.

fun ticket · 08-22-2011, 12:39 PM

Today, 3 months in the bank mostly like wont cut it. I heard the average duration to find a job now is 9 mos+. I would be shooting for 12 mos+ in the bank at a minimum. Not easy to do but something to consider.

BTM · 08-22-2011, 01:44 PM

Technically I am, as I deposit enough to cover expenses into regular checking with a little but of a buffer in savings, but otherwise do not keep my money in regular bank accounts. Nothing shady, but (albeit slightly) better places to put it (low to penalty free CDs, for example) where you're still liquid enough should you have to call on that money. I haven't had to yet, and don't plan on it, but if I went a few months without a check, I Would half to.

infinitekidM2C · 08-22-2011, 01:56 PM

When you're a student..it's paycheck to paycheck; once you've been working a couple/few years if you're still living that way then u spend too much or can't keep a job.

And if you have 3 months of salary in the bank making you no money; you are still doing it wrong.

Magic-Man · 08-22-2011, 04:03 PM

Quote:

Originally Posted by AU335i

this applies to me as well.

p.s. would it be financially irresponsible to get a loan to mod my car even if I have a steady job and just impatient? just wondering haha

That would make you an idiot.

Magic-Man · 08-22-2011, 04:03 PM

Quote:

Originally Posted by infinitekid2002

When you're a student..it's paycheck to paycheck; once you've been working a couple/few years if you're still living that way then u spend too much or can't keep a job.

And if you have 3 months of salary in the bank making you no money; you are still doing it wrong.

Yet, these poor students drive BMWs. Parents giving them $ they left out or just not smart with $ at all?

Magic-Man · 08-22-2011, 04:05 PM

I'd be willing to bet that a lot of folks on this site w/their fancy new cars live that way or damn close to it.

Johnny D · 08-22-2011, 05:24 PM

Quote:

Originally Posted by Magic-Man

I'd be willing to bet that a lot of folks on this site w/their fancy new cars live that way or damn close to it.

I was curious to this and wanted to make a poll/thread to see

infinitekidM2C · 08-22-2011, 05:31 PM

I don't see it as that big a deal in certain situations: You just started working and you love BMW's..it can motivate people to keep working hard. But of course at some point it's time to put some $$$ away.

BrokenVert · 08-23-2011, 01:13 PM

My family did that when I was a kid. My dad was injured and my parents ate through their savings waiting for him to recover. It took a few years for us to get back on our feet, it was the worst experience of my life.

I never want to live like that again. Hopefully it wont happen. Im on a 90% ride to school and ill be graduating with only 25-30K in debt.

MisterSkiMask · 08-23-2011, 01:26 PM

Quote:

Originally Posted by infinitekid2002

When you're a student..it's paycheck to paycheck; once you've been working a couple/few years if you're still living that way then u spend too much or can't keep a job.

And if you have 3 months of salary in the bank making you no money; you are still doing it wrong.

Or you just bought a house.

I was 'house poor' for a while, but thats been quite a few years ago.

infinitekidM2C · 08-23-2011, 01:30 PM

Quote:

Originally Posted by MisterSkiMask

Or you just bought a house.

I was 'house poor' for a while, but thats been quite a few years ago.

Yeah this too; i'm hoping to be house poor next year.

MisterSkiMask · 08-23-2011, 01:31 PM

Quote:

Originally Posted by infinitekid2002

Yeah this too; i'm hoping to be house poor next year.

It sucks, but it gets better.

ES_TRADER · 08-23-2011, 06:06 PM

Does living off of interest and dividends count as paycheck to paycheck?

infinitekidM2C · 08-23-2011, 06:13 PM

Quote:

Originally Posted by richpuer

Does living off of interest and dividends count as paycheck to paycheck?

ScaredOnce · 08-24-2011, 07:34 PM

Nope. I only live on days I get paid - stasis the rest of the time.

BrokenVert · 08-24-2011, 07:47 PM

Quote:

Originally Posted by Magic-Man

Yet, these poor students drive BMWs. Parents giving them $ they left out or just not smart with $ at all?

I'm on a 95% ride to college. Saved up 15k over the 4 years I worked in highschool with the purpose of buying myself a car I'd be proud of (it was originally a mustang GT so glad I was swayed away from that descision)

Thanks to my scholarships and almost free higher education (I spent 8K more on highschool a year than I do on college tuition

)it freed up the cash for the monthlies.

So some of us poor college students did it as a reward of sorts. Not always a gift to daddys slutty little girl is what I'm trying to say

DarkRider23 · 08-25-2011, 02:03 AM

Quote:

Originally Posted by Magic-Man

Yet, these poor students drive BMWs. Parents giving them $ they left out or just not smart with $ at all?

Or ya know, some students can afford it.

SS32 · 08-25-2011, 09:28 AM

To anyone who has been/is actually living paycheck to paycheck: WHY?! I understand things come up and you might be stretched thin for a month or two, but why live like that for an extended period of time?

Seminole · 08-25-2011, 09:47 AM

Quote:

Originally Posted by SS32

To anyone who has been/is actually living paycheck to paycheck: WHY?! I understand things come up and you might be stretched thin for a month or two, but why live like that for an extended period of time?

I'm not in that situation, but there are tons of stories about people who lost their jobs and had to take huge paycuts when they finally were able to find a new one.

If that happened to me any job bringing in money is better than having nothing.

Sara · 08-25-2011, 10:47 AM

I was taught to never ask people, what religion they are, who they voted for, or how much they make. Its none of anyones business.

MisterSkiMask · 08-25-2011, 10:49 AM

Quote:

Originally Posted by Sara504

I was taught to never ask people, what religion they are, who they voted for, or how much they make. Its none of anyones business.

Thats what pimps/club owners teach all their girls

View Poll Results: Do you live paycheck to paycheck?
Yes, I have less than 3 months of income in the bank	47	26.86%
No, I have more then 3 months income in the bank	87	49.71%
I love lamp	41	23.43%
Voters: 175. You may not vote on this poll

08-22-2011, 12:39 PM	#24
fun ticket Private First Class 147 Rep 129 Posts Drives: 2017 Ford Raptor Join Date: Oct 2009 Location: Tampa, Florida iTrader: (0)	Today, 3 months in the bank mostly like wont cut it. I heard the average duration to find a job now is 9 mos+. I would be shooting for 12 mos+ in the bank at a minimum. Not easy to do but something to consider.
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08-22-2011, 01:44 PM	#25
BTM Banned 510 Rep 10,309 Posts Drives: A///MERICAN!!! Join Date: Mar 2010 Location: A///MERICA!!! iTrader: (11) Garage List 2007 BMW Z4 M Coupe [7.20]	Technically I am, as I deposit enough to cover expenses into regular checking with a little but of a buffer in savings, but otherwise do not keep my money in regular bank accounts. Nothing shady, but (albeit slightly) better places to put it (low to penalty free CDs, for example) where you're still liquid enough should you have to call on that money. I haven't had to yet, and don't plan on it, but if I went a few months without a check, I Would half to.
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08-22-2011, 01:56 PM	#26
infinitekidM2C Major General 4301 Rep 5,729 Posts Drives: 2019 M2 Competition Join Date: Nov 2007 Location: Orange County, CA iTrader: (4) Garage List 2019 M2 COMPETITION [9.75] 2008 135i (my old car) [7.56]	When you're a student..it's paycheck to paycheck; once you've been working a couple/few years if you're still living that way then u spend too much or can't keep a job. And if you have 3 months of salary in the bank making you no money; you are still doing it wrong.
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08-22-2011, 04:05 PM	#29
Magic-Man Banned 62 Rep 1,063 Posts Drives: N54 Join Date: Jul 2008 Location: Northeast iTrader: (2)	I'd be willing to bet that a lot of folks on this site w/their fancy new cars live that way or damn close to it.
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08-22-2011, 05:31 PM	#31
infinitekidM2C Major General 4301 Rep 5,729 Posts Drives: 2019 M2 Competition Join Date: Nov 2007 Location: Orange County, CA iTrader: (4) Garage List 2019 M2 COMPETITION [9.75] 2008 135i (my old car) [7.56]	I don't see it as that big a deal in certain situations: You just started working and you love BMW's..it can motivate people to keep working hard. But of course at some point it's time to put some $$$ away.
	Appreciate 0 Quote

08-23-2011, 01:13 PM	#32
BrokenVert Resident Kerbalnaut 495 Rep 10,703 Posts Drives: Topless Brute/Hybrid Boogaloo Join Date: Apr 2009 Location: Fahrvergnügen/NY iTrader: (0)	My family did that when I was a kid. My dad was injured and my parents ate through their savings waiting for him to recover. It took a few years for us to get back on our feet, it was the worst experience of my life. I never want to live like that again. Hopefully it wont happen. Im on a 90% ride to school and ill be graduating with only 25-30K in debt. __________________
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08-23-2011, 06:06 PM	#36
ES_TRADER Colonel 352 Rep 2,927 Posts Drives: 328i, 335i, M3, 535i, X5, 36M Join Date: Oct 2010 Location: OC iTrader: (3) Garage List 2014 Ford Raptor [0.00] 2012 328i E92 [10.00] 2013 X5 [0.00] 2013 335i F30 [8.00] 1990 Toyota Previa [0.00] 1997 E36 M3 [10.00] 2011 E92 M3 [0.00] 2011 535i [0.00]	Does living off of interest and dividends count as paycheck to paycheck?
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08-24-2011, 07:34 PM	#38
ScaredOnce Very Important 20 Rep 450 Posts Drives: 335xi (e92) Join Date: Sep 2010 Location: PIT iTrader: (0) Garage List 2008 BMW 335xi (e92) [9.00] 2008 Pontiac G8 GT [4.00] 2002 Pontiac Grand ... [0.00] 2001 Cadillac, Eldo ... [0.00]	Nope. I only live on days I get paid - stasis the rest of the time.
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08-25-2011, 09:28 AM	#41
SS32 Major 166 Rep 1,427 Posts Drives: 2008 M3 Join Date: May 2007 Location: Raleigh, NC iTrader: (0)	To anyone who has been/is actually living paycheck to paycheck: WHY?! I understand things come up and you might be stretched thin for a month or two, but why live like that for an extended period of time? __________________ V1 DIY - Blinder M45 DIY - Exhaust Cutouts - Removed Clutch Pedal Spring DIY - Fiamm Air Horns
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08-25-2011, 10:47 AM	#43
Sara Lieutenant General 5874 Rep 17,879 Posts Drives: A car Join Date: Aug 2007 Location: Nola iTrader: (6)	I was taught to never ask people, what religion they are, who they voted for, or how much they make. Its none of anyones business.
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