• Peddlephile@lemm.ee
    link
    fedilink
    arrow-up
    40
    arrow-down
    3
    ·
    4 months ago

    Set up automatic bank transfers to chop your income into % parts: 5% play money, 20% savings, bills etc. do what works for you. Get rid of unnecessary subscriptions.

    • BallsandBayonets@lemmings.world
      link
      fedilink
      arrow-up
      21
      arrow-down
      2
      ·
      4 months ago

      I don’t have enough to chop my money into anything other than 75% rent, 20% car payment, 5% food for my dog.

      But I do put that rent and car payment in a savings account and pay from that. Those fractions of a penny per month add up; after 5 years I have 77 cents in my savings account!

        • BallsandBayonets@lemmings.world
          link
          fedilink
          arrow-up
          3
          arrow-down
          1
          ·
          4 months ago

          Yes, the used car market is full of predators charging 200% more than what a junker is worth because there’s nothing stopping them. And I also agree that keeping the minimum wage literal decades behind productivity breeds an environment where people are assigned a made up number that tells banks it’s ok to gouge this person on interest rates. Full agreement with you there.

        • BallsandBayonets@lemmings.world
          link
          fedilink
          arrow-up
          2
          ·
          4 months ago

          Sure, since we’re under capitalism I’ll have to check your imaginary number and then require a minimum monthly payment of 11 cents for the next 4 years.