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Shane1

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  1. Why would I want to move to France, which is not central Europe, although it's still cheaper than the US? Places like Poland and Czech Republic are maybe a bit behind the US in some respects (most countries are), but they are advanced western nations, far ahead of most of the rest of the world. If you are accounting for two people, shouldn't both people have their own retirement savings? And shouldn't they be paying for shared expenses, such as utilities and property taxes? 1. Car payment for those who won't drive your 2004 Ford Pinto: $0. For a Lexus, which is something I did splurge on. It has lasted for years already. I have no need to replace it any time soon. 2. Property taxes (not counting HOA fees): $50-100 in a southern state or many other locations. I pay about $400 now. Why would I keep doing that? This is not smart financial management. 3. Property, car and medical insurance: $100-200 in most other countries. But yeah anywhere in the US, double or triple. 4. Food and incidentals: $250 5. Utilities: $200 6. Gas: $100 7. Entertainment / Dining out: $200 8. Clothing: This needs to be its own category? I'm barely at $1k, and I'm not exactly sacrificing. I mean, I guess I could spend $100 per month on clothes, but I don't see what that gets me. This doesn't have to be a cap necessarily. I could take that annual island vacation with whatever's left over, and still have plenty left. If I wanted to spend thousands of dollars every month, that would actually be the thing that would take effort. I know what it's like to not live within my means. That's how I found CB in the first place.
  2. With that amount of interest, seems like a no brainer. It is such a relief to not have such things hanging over your head that you're not getting any benefit from. If it can be done without causing other financial issues, I wouldn't even worry or care what the banks do. They can be replaced if needed, probably with something better.
  3. A lot of people meaning many Americans? Even in one of the most expensive states in the country, I could do fine on $40k a year without a mortgage and with a large reduction in income taxes. Even with such costs, I could probably squeak by. Not that I'd try it. I would at least move south. In central Europe, the GDP per capita is more like $10-20k. Those numbers still put them in the top 25th percentile of countries worldwide. The logic now is that you need $1.2 million to retire in your 60s. Where the heck are these people planning to retire and what are their expenses going to be that they need that much money? Granted, I am a cheapskate and don't really like to waste money just because I have it, but I don't get it. This is the trap most Americans fall into. They spend every dime they get. If they get more dimes, they get a bigger house, bigger car that guzzles more gas, more vacations, more gadgets, longer commute. Then they complain that world is not fair and they don't have $400 saved up for an emergency.
  4. I guess USA Today don't want me reading that article because I use adblock. I only blacklist specific sites with obnoxious ad practices, so they must have done something to annoy me at some point. Perhaps wealthy is a relative term, but you could live for decades on a million dollars and never run out and never want for anything almost anywhere in the world.
  5. Avocado toast, which I'll take your word is a thing, would be more affordable if you didn't buy a $400 toaster.
  6. You get more clicks when you pretend the world is going to end than by taking numbers into the appropriate context and telling people there's nothing to see here.
  7. I'm not rich, but I'm not struggling either. Even if I don't have as much as some, I realize the privilege of making more than 99.9% of the people in the world. I can do without the equal outcome of living on less than $5 per day like most people. That said, a rising tide lifts all boats. Over a billion people have been lifted out of extreme poverty in the past few decades. Never before have so many seen so much opportunity to improve their standing.
  8. I used to think like that in my 20s and early 30s, but now the concept is completely foreign to me. I don't spend very much I don't need to, and don't increase my spending to correspond to income increases. I don't see anything wrong even with that $17.6k number, unless I still had to pay a mortgage by the time I'm ready to retire.
  9. At least find a stable country to bank, although if you're willing to live somewhere, you probably think it is stable. No reason in a digital age to do this, let alone keeping all your eggs in one basket regardless.
  10. I originally thought she had no records of it, but apparently she had something resembling a sort of record.
  11. He'd have had a shot at getting some money back, but if he asked for all of it and immediately issued a chargeback before even discussing it, I'd have sent him to collections, too.
  12. If you make less than $12k per year, 5% of your income can go toward the lottery.
  13. Cool toaster, but I'll stick to my $30 toaster oven. The people who can't afford $400 will buy that, though.
  14. That's sadly an improvement. The last time I heard this story 3 years ago, it was close to half. Bad budgeting. They know they can overdraft and pay $35 per instance or put it on a 20% interest credit card. I used to be that way. That's how I found CB.
  15. Being a woman? No. Career/life choices that result in lower income? Apparently the answer to that is just barely.

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