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Originally posted by Hefficide
If anything this article, and the replies, show me that we're becoming conditioned to the concept of poverty and to a kind of elitism towards those who fall into financially dire straits.
Today, however, the top 1% hold about 42% of the wealth while the bottom 80% hold just 7% (as shown here) of the wealth. Indicating that wealth distribution today is worse than it was over 100 years ago.
Rent – $1,000 (This can vary based on location. But for somewhere reasonably safe and not a slum, in my region that's the going rate.)
Car Insurance –
$144.66$260 every 6 mo. So $43/mo. However this has a much higher deductible for any real crash, and doesn't cover dings and dents anymore. Just enough so I can drive legally.
Cell Phone –
$73Prepaid... $100/yr. thus $8.33/mo.
Utilities – $264.33
Cable/Internet – $100.63
Food – $332
$220$120 I don't do that much driving.
Car Payment – $466Mine was $250/mo. But now it's a 10yr old car and paid for, thankfully. Unless you count taxes (registration), then it's $100/yr. or $8.33/mo
10% savings for retirement – $385Savings but less, and for whatever let alone retirement. It's whatever I don't spend.
College loan payment – $575Paid off... But just barely. Seems like it was a waste of money now though.
Life Insurance – $33No kids, no S.O. What's the point?
Health Insurance – $402Problem? Yes. I have to just not get sick, or go to the county public health clinic and wait if things get really bad.