Not sure how I’m supposed to afford the new job. I make 45k a year and the cheapest rent I can find is 1000 dollars a month. I come with 150 a month minimum payment student loans and child support. After taxes and child support alone my pay comes out to 2200 a month. After adding up things like 25 a month car insurance, 150 for car repair fund and 200 gas bill for all my driving. Assuming a consumers bill for 250. phone and internet 150 a month. I at least have to make sure my kids eat when they are with me so I’ll add 175 for that. I’ll add an extra 150 a month for additional purchases for the house. I come up with saving 100 dollars a month (all these expenses were for a month) I’d have every month to save. As long as I stick to 175 a month that my kids mostly eat. At this rate I’ve figured I’d have to go to church food drives for me to eat more. But even still if rent were to every jump to 1200 hundred I’d be in a bad spot.
original posted by Zealousidealism1818 to r/personalfinance on Sun, 17 Mar 2024 23:41:28 GMT.
It is really a major issue....
Sometime the salary is not sufficient for expenses.....