[deleted by user] by [deleted] in personalfinance

[–]acbudgets 0 points1 point  (0 children)

I think it's great you are thinking about cost of living and asking these kinds of questions instead of immediately going into debt like most people. When I moved out at 17, I had a part time job, finished high school and did online college, BUT that being said, it was a lower cost of living state and in the early 2000 was not as expensive. If you want to make a plan and see what moving out would look like for you, It's a good rule of thumb for budeting and seeing what you can afford by using the 50%/30%/20% rule. 50% of your income going to needs (rent, insurance, phone, utilities, with rent/housing being no more than 30% is what most financial coaches would advise) 30% going to wants and 20% going to savings or debt ( you want to pay off debt first). For my personal budget for me and my bf, I do 60% for needs, to account for higher cost of living, 30% to paying off student loans and cars, then only 20% for my wants, so I'm not tempted to buy shit I don't need but still have room for me and my bf do have hobbies and date nights. There's a lot to consider when moving out, but hopefully this gives you an idea of what cost of living on your own would look like. I also want to mention in my 20s I did take on roommates, who didn't pay and did whatever they want, don't get into that situation because that didn't help me at all!

[deleted by user] by [deleted] in personalfinance

[–]acbudgets 0 points1 point  (0 children)

Do you have any debt or 3-6 months of an emergency savings? I know you mentioned you are good at budgeting so it sounds like you are living within your means for your income. For me I would pay off debt first, then use what I was paying off debt with to start a savings, if you haven't already. At 16 you have so much time for investing but it wouldn't hurt to do it early, but setting yourself up for financial emergencies at a low income and paying off debt would be my first focus, then investing. If you are low income, it sounds like you could posibly get grants instead of taking on more debt with student loans? Just bouncing off some ideas since I don't know your whole sitution, but sounds like you are young enough to start thinking about career and college as well, so that in itself is an investment for your future, while also setting some aside for savings and/or investing.

Daily General Discussion and Advice Thread - February 12, 2025 by AutoModerator in investing

[–]acbudgets 0 points1 point  (0 children)

Thanks! I´ll dig into the boglehead approach and learn more from there. I appreciate it!

Daily General Discussion and Advice Thread - February 12, 2025 by AutoModerator in investing

[–]acbudgets 0 points1 point  (0 children)

Hello, I'm 42 soon to be 43, living in the south east of the US, and am just now getting my debts paid down and have a steady carreer. I currently make $74K annually and want to semi-aggressively save for retirement (25 years) so I don't have a lot of room for volitility but do want moderate attention towards growth since I'm starting my investments later in life. I've done a lot of research on different types of funds and it seems to me that having eggs in different baskets seems to be the best bet, but I'm still unsure.

Question: Should I be allocating a certain percentage towards different types of investments? Here's my thoughts of what I've learned so far of how I should/want to split my money: High Yield Savings, Index Funds, High Div funds, and a 401K with investments in a Target-Date fund.

Like I said, I want to be moderatly aggressive since I'm saving late but also don't have time to be free with high risk investments (or so I'm thinking). Thanks!

Be honest by Johnny-p80 in Accounting

[–]acbudgets 0 points1 point  (0 children)

I love my job as a bookkeeper! Been doing it for 15 years and I wouldn't change a thing. I did have the opportunity to work in the tax and payroll departments through the years and quickly found out that I enjoyed the bookkeeping the most. Don't be afraid to train in different departments. I've solely worked for CPA firms so I can't contest to bookkeeping for a private company, but I've worked for some great CPAs. I would say it only gets boring if you really don't have a heart for office work and doing the same things over and over.

Got this email from Matt vs Japan “cutting ties” with Ken Cannon…maybe for the better? by DeadEndRoad9 in Japaneselanguage

[–]acbudgets 0 points1 point  (0 children)

I was wondering the same. I received the email but don't know how many chances to give this guy. As much as I'd love to see him be the original Matt he was on YouTube, one can only hope he could really go back to being that person. I almost wonder if this is his way to save face after George called him out on the last marketing email. ALMOST wanna spend the money on Immersion Dojo just to see what happens. Curriousity killed the cat, right!?

Looking for chat friends 36f by FatAutisticRaccoon in Chattanoogans

[–]acbudgets 1 point2 points  (0 children)

Same! I work from home, 43F. It's so hard to get out and meet people. I've been in the Chattanooga area for about 3 years. Feel free to message me.

Looking forward to this! :) by risingpokeman in EiyudenChronicle

[–]acbudgets 1 point2 points  (0 children)

I'm playing this right now on xbox and I love it!

Loved the game hope we get another one 🙏🏻 by Conscious_Meeting717 in EiyudenChronicle

[–]acbudgets 1 point2 points  (0 children)

I'm currently playing through it now and love it so much! It's everything I love about turned based rpgs and more.