In short:

I make 35,000

After tax, NI, student loans:

I take home 25,000

I live on 5000 hence:

I save ~20,000 @ 375/week

Negged for parking on the white line. Rather be broke than a bad driver

I was given 5k, if I pulled them out be decent deposit on a house.

My parents purposely put a condition on them, so that I couldn't spend them.

I'm massively thankful to them. Hence why if they say we want to go on holiday, book us an all inclusive package, I won't hesitate to drop 2000 of my own money to treat them for an anniversary. Because I know rent, council tax, food, utilities, etc, would cost me atleast 5 times that.

I'm FA so not that it matters to me, but at what age would you say one should move out? Or it becomes "weird"?

$10/week is better than the $0/week he's saving now

every major change like that starts as a small step until it becomes rewarding and addicting

no one walks into the gym at the beginning of their fitness journey and crushes out a 4 hour workout of intense heavy compound lifts and HIIT...they start by doing a 20 minute workout, a full body circuit, etc., and then as it becomes addicting and rewarding they keep finding ways to get more and more into it

saving $ is no different, when that dude starts realizing how quickly $10/week can add up, he'll start trying to see if he can do $15/week, maybe even $20, and so on and so on.

maybe you should offer to help the dude out instead of continuing to enable your autism

That's a smart move from their side, you got a nice sum in the net ina few years.

Except that's not what you said in previous posts you lying sack of sh!t. Your 'plan' was to inherit your parents house, remember?

And good luck retiring by 35 or 40 saving 20k a year because that is fuk all. If you are 25 now that is maybe half a mill by 40, with some very good investment returns, and that's without a house, unless you do your parents in. How the hell are you going to retire on that, idiot.

I did try to help. I explained to put something immediately away when he gets paid rather than blowing it and then trying to save.

In your gym analogy, I said start with the bar and increase the weight on the bar @ 2.5kg a week linearly.

But he wants to go straight for the 4 plate deadlift and see how much he can squat after his sets...

Some people have no hope, they have too much temptation/ego

Lol, I am still going to inherit the house. That 500K would be free spare cash. I could easily buy 2 x 200K houses and rent them out to 5 students each and live on that income and still have 100K left over. I could put it in a zero risk 4-5% a year compound interest.

Whatever I decide to do, I will be very comfortable... and it's all because I am happy to live at home FA and don't have this delusion of I must move out to have my freedom like the broke idiots who move out at 18 and work in footlocker only to blow all their money on friday and saturday drinking down the Spoons...

Lol @ all the defensive people on here

The best thing is OP these type of people make it so easy to get ahead of the pack.

This is why I'll be retired at 40 if I want on an average salary.

What's your parent(s) situation OP?

You sound like a spoiled kid that has a perfect parent household and are able to save money by living with them. I have plenty of mates like yourself.

I come from a broken household and have had to move out of my small town to a city and have been forced to rent at ridiculous prices (650 a month before bills; 850 with). People have more disposable income than me with part time jobs whilst living with parents and I'm a graduate engineer with 3 years experience and a company car. I have no family to depend on, no inheritance to fall back on, nothing.

Living on your own, managing your own bills and expenses from ground zero is a different story to having the luxury of living with parent(s). Having a girlfriend has its costs and so does doing a 300 mile round trip every month to see parents too.

Other people have different personal circumstances than you.

That's really nice of you to do that for your parents brah, wish I could do the same. Sadly for me living at home is not an issue, and if I could I would probably do it for 2-3 years.

To be honest mate, I don't think people care if someone lives with their parents anymore, living with parents to save money/logical reasons and living with parents because you're a bum who cba to get a job and leach of them are two very different things.

If I were you, the only reason I'd move out would be to either buy my own place (once saving) and experience the freedom for a bit, this would also make it easier for you to get a GF or sleep with random girls.

but srsly, if i was an FA and earning good money and had a solid family life close to a big city, i wouldnt ever move out lmao...

I explained this on page 1. Good driver master race

ugh

Dad is retired, and mum is a housewife. We don't have a mortgage, that's all taken care of. But despite the current comfort, they raised me as if we had nothing. I didn't get birthday presents, I wasn't spoiled, I didn't attend an expensive public school, I was raised very modestly to appreciate everything.

Hence why instead of blowing it on random crap like most of my co-workers, I have the mentality to save, re-invest, grow and accumulate. I work very hard for my money, often even 7 days overtime.

But I am retiring for the future. Even on the partner front, if they want me to have an arranged marriage (that still happens amongst the White British established middle class), I will consider it because they will pick a good, educated girl with true, respectable values and a professional job like a doctor or dentist.

75% of salary goes to student loans every month for 3 years crew

Wot? Srs?

100% serious. 105k in loans. Started working for $23/hr, now I'm at 65k/year...It wouldn't be a stretch to say that I'm just shoveling all my checks into my fking ledners' accounts.

I got a good degree in a dumb way.

Why do you have to pay it back in 3 years? Why can't you spread it over 5, 10, etc?

I agree with OP. I was a banker at national bank for a while and it shocked me the amount of unnecessary transactions in accounts.

Brb 5$ at starbucks daily Monday-Sunday (35$ you could have saved. Equal to 1lb of good coffee beans and a $coffee machine)
Brb McDonald's 3x in one day
Brb Redbox but have Netflix on automatic payment
Brb Chili's 4 times in one week and panera 5 times

Account balance: -$3.00
Over draft fee: 35.00

New Balance -38$

Them: Banks are thieves!

GTFO. lol. I. Can't. Even.

So you are going to live off 125 a week for the next 15 years. At least. Never buy another car or go on holiday. Never buy clothes or watches. Most of all never move out, get married, have kids, any relationships or friends. All so that you might get to rent out two sh!tty student houses whilst still living with your parents?

Sounds great sign me up. Fukstick.

strong bmw brag thread

This sounds like the only true post in this thread -- mirin' that 850 for rent, utilities & electric though.

You really need to re-fi that car though. We'll all make it man, I know these feels.

good lord OP

nice parking job lols

Are you stupid? Do you think i'll be on the same salary for the rest of my life?

35K will become 40 then 50 then 60 then 80 then 100 in the couple years before age 40...

The more I earn, the easier it will be to save 20K/year or even more while having more free cash to spend on holidays and cars and other things...

As if owning a used entry level BMW is some kind of accomplishment when you live with your parents.

Saving money is all about changing habits. If I was making 30,000 at 21 and able to save 10,000 a year anyone can do it. Live alone too. Me, and 2 roommates. You have to:

Buy a used car in cash instead of paying monthly
Get a cellphone provider that charges 40/month for everything. They are out there and are not poverty. They work just fine.
Get a roommate so you can save more
Don't drink so much its not a necessity
Don't eat out so much its not a necessity, cook instead

The other things like student loans, insurance, I understand. Otherwise, you can cut back on your luxury and save.

Because I'm min-maxing my life. I'll pay it off, continue saving at 75% until I'm around 35 and retire with roughly 400k. Might cut it to 32-33ish if I find a 2nd job.

another well thought out troll thread by OP that reaches 3+ pages

lol do you idiots honestly believe all this stuff really happens in OPs life?

You sound level headed and like you have a plan for your future. I respect that.

One day I hope to be in a position to raise a family properly and give my child the same opportunity you had. I guess I was just venting a little.

Some people raised how you've been with a full family (I could already tell you how by your posts) just don't understand the struggle of coming from a broken household. People from a broken household aren't raised properly and aren't taught how to save - I wasn't but I've quickly learned. The moment you have some money when you've never had it, you feel the need to treat yourself. Why not? You've been broke all your life, no luxuries, you've worked hard and what for? To do exactly that! That's the mindset. It's a constant battle and there's a lot of habits to break. Some people never learn how to get out of it. more:http://www.cracked.com/blog/the-5-st...owing-up-poor/

My first goal is to save up for a mortgage, which at my current salary and situation is going to take 48-60 months of saving whilst living frugally. I'm going to be honest there - Thinking that far ahead and living such a poverty lifestyle wasting away my 20s is depressing as ****. It took my friend 3 years at a part time job (living with parents) and he has a very active social life, girlfriend and a decent car, didn't have to sacrifice anything and lives completely stress free. It's too easy to get caught up in a lifestyle if you're surrounded by friends that don't have to worry like you do so I can understand stand how people don't end up saving. I know you're not supposed to compare yourselves to others but it's damn hard not to.

Starting to feel like I'm getting old and bitter lmao