2 ms·
Simple: Never couple your budget to your income. Fit your life into $10k/year. Or $20k/year. Whatever you can pull off in your comfort zone. Then when you g
by jasonkester 8y ago
Simple: Never couple your budget to your income.
Fit your life into $10k/year. Or $20k/year. Whatever you can pull off in your comfort zone. Then when you get that big raise, don't change anything. Don't buy the new car you can afford now. Don't buy the big house you can afford. Don't buy anything.
Most people don't do that, and let their expenses rise to meet their income. Lots of people budget to have that happen. It's a recipe for never having any savings.
- kypro 8y agoI do this in self defence. I was on a £65,000 salary and then I was let go. I have autism and find it hard to find work so I was out of work for a good few months. In the end I got fed up with the "we don't think you'll make a good culture fit", "you need to work on your communication skills" comments and took up a job paying much less (£45,000). Losing everything from my house, car and lifestyle was the most painful thing I've ever had to go through, mostly because I knew I was letting down my partner and I had no control to stop it. Now I'm too scared to buy anything because I don't want to lose it all again.