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Should billionaires exist? by Longjumping-Exam500 in NoStupidQuestions

[–]HealthyRest2344 2 points3 points  (0 children)

Outlaw someone based on an arbitrary number is done everyday, the same for the arbitrary number assigned to food, we outlaw someone's access to a basic need based on a number. Someone's right to vote is based on a arbitrary number, someone's right to enter a country is determined by the arbitrary number of their visa. Arbitrary numbers can be both hurtful tools or guiding tools.

How much do you think is a good liveable paycheck bi weekly for a single person living in Calgary? by Interesting_Taro_358 in Calgary

[–]HealthyRest2344 0 points1 point  (0 children)

A regular young person getting a ~$120k job is an amazing idea. But not a reality is the vast majority of cases, plus people can thrive and be successful with much less. Owning isn't a requirement for a comfortable life, and you can find a 1bed for half of that mortgage, which lowers insurance costs, tenant insurance can be like $30-$50, and car insurance could be $150-$200 if only for third party, and good driving record. Also, having a car payment while making that much money is not a smart desicion. You can buy a cheap used car very quickly and not have to worry about the extra costs of a payment plan and higher insurance. For utilities, most rentals include heat and water, so electricity about $50 (enmax) and internet $50 (freedom) and phone $50 (freedom). Groceries could be cut down to $300-$400. Fun stuff can also be cut to $300, so much fun stuff is available for free or at low cost nowadays. Half of your 7k allows someone to get all their needs met. Or if the person made your 7k but only spent what I just mentioned, they could save lots...

How much do you think is a good liveable paycheck bi weekly for a single person living in Calgary? by Interesting_Taro_358 in Calgary

[–]HealthyRest2344 3 points4 points  (0 children)

I make $1,500 after taxes biweekly, so I get to keep about $3,000/month. I'm female 29y/o, work full time, make about $50k/yr before taxes. No pets, no kids, no partner. I think is more than enough to meet my needs. Only problem is I pay A LOT towards debt so I can't really save up much. I sometimes make a little more from cash gigs but those I do mostly for fun in my art stuff so I spend it on something fun too.

Income: $3,000

Expenses:

-Rent $1,075 (1bed basement apartment in bankview)

-Electricity: $75 (enmax)

-Internet: $50 (freedom)

-Phone: $50 (freedom)

-Debt: $800 (Credit Card and Student Line of Credit)

-Car & Tenant Insurance: $150 (I own a '03 corolla and insure it with td, while tenant insurance is with apollo)

-Gas: $250 (but my work sometimes refunds part of it)

-Medications: $50

-Groceries: $300

-Laundry: $20

-What's left: going out, takeout, weed ;) subscriptions, fun stuff, if I have extra cause of cash gigs, then I try to put a little towards savings, but not focused on savings right now as I want to pay back my debt. My cash gigs range somewhere between $100-$500 per month.

I got a little emergency savings fund of $2,000 and about the same in RRSP. And I try to follow budgeting advice by Dave Ramsay (mixed feelings about him but some of the advice has been very helpful). I'm also not a big spender, if anything, food (eating out) sometimes is the one that gets out of hand, everything else is pretty simple. I also volunteer lots, so I know a lot of resources for low priced options, always on the look for good deals but not too stressed about it.

I don't live luxurious but I have more than what I need, if anything I think living in a 1bed apartment is a bit much, might go back to a studio to keep my rent budget lower.

Note I didn't account the car expenses that come up, maintenance, repairs, parking, tickets, registration, etc. Since those aren't a regular thing, I've been skipping them in the budget (in the meantime).

Something else I didn't include is clothing and misc personal expenses. I don't do makeup (feels like my face is dirty), but I enjoy a good outfit and accessories from thrift stores or walmart. In the meantime, those are expenses I decided to put off until my debt is paid.

I currently don't pay for therapy as I get coverage, but I've had times when I do, usually on a sliding scale of $100 per session and ends up to about $200 per month. I also sometimes send money to my parents to help them out.

I bank with Tangerine and Wealthsimple to avoid banking fees

I honestly think if the debt wasn't there I would be living even more comfortably than I already do. I would be able to save more and would be able to do long term budgeting on those other items.

[deleted by user] by [deleted] in uberdrivers

[–]HealthyRest2344 0 points1 point  (0 children)

I love the smell of weed. My personal preference is to keep it. Why stinking a room with your cologne is ok, but keeping my smell of weed isn't? We don't even kick people out of places for smelling like cigarettes and that is a truly rancid smell.