• 9 Posts
  • 300 Comments
Joined 1 year ago
cake
Cake day: September 14th, 2023

help-circle






  • Budgeting is very important. some people like the 20% of income for saving, 30% for living expenses and the other 50% for everything else. Pre or post tax is up to you as this is a rule of thumb. Important part is that it should be easy for you to build up your savings to cover important expenses. spending 50% of income on housing may be really bad since having back to back years of badluck can screw over your savings, and not give you enough time to save up in between.

    This is a general rule that applies when you make enough to do so. If you’re struggling to pay rent, do what you can to remove risk and cut down on costs. One thing that helps is aiming to have savings. Often times, its cheaper to have money up front to resolve emergencies rather than later.

    Car is one of those things that can make sense to remove. If you’re commuting one hour already by car, and there’s no public transit option then a car is a necessity. If you can take public transit, that could save you money on car insurance, car payments, car maintenance, and possible accidents.










  • You’re missing price. Compare your trip to Public transit costs, and include infrastructure costs. You had to pay for your vehicle, your car insurance (which in the US there are irresponsibly low legal minimums), registration, gas, and also taxes for the infrastructure, to get yourself somewhere which takes up more room than needed (usually several times more room than a combination lf walking and public transit). Public transit only requires fare pricing, along with infrastructure, which is significantly cheaper per person due to more efficient use of space.

    Compare many European metro cities to the US, and you’ll notice their public transit is more convenient (in the characteristics you have pointed out) because we decided to shut ourselves in the foot as a country and forced everyone to have to get a car payment, while making public transit bad.

    Of course, public transit isn’t convenient for every area, such as rural towns in which personal vehicles are a better solution, but we have many cities where there should be significantly better public transit.