this post was submitted on 30 Mar 2024
845 points (97.3% liked)
Memes
8118 readers
123 users here now
Post memes here.
A meme is an idea, behavior, or style that spreads by means of imitation from person to person within a culture and often carries symbolic meaning representing a particular phenomenon or theme.
An Internet meme or meme, is a cultural item that is spread via the Internet, often through social media platforms. The name is by the concept of memes proposed by Richard Dawkins in 1972. Internet memes can take various forms, such as images, videos, GIFs, and various other viral sensations.
- Wait at least 2 months before reposting
- No explicitly political content (about political figures, political events, elections and so on), !politicalmemes@lemmy.ca can be better place for that
- Use NSFW marking accordingly
Laittakaa meemejä tänne.
- Odota ainakin 2 kuukautta ennen meemin postaamista uudelleen
- Ei selkeän poliittista sisältöä (poliitikoista, poliittisista tapahtumista, vaaleista jne) parempi paikka esim. !politicalmemes@lemmy.ca
- Merkitse K18-sisältö tarpeen mukaan
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So if I want to accomplish this in a year I should be putting away half of every paycheck? Between rent, bills and groceries, who the fuck can afford that?
You can't accomplish it in a year.
Most people can't afford it in a year.
People who inherited a sizeable amount of money or are in the top 10% of earners are able to do so.
Yeah this is a 5+ year goal right?
I world say it’s getting to 3-months first, then paying down debt with high-interest rates, then trying for 6-months of expenses. Could easily take a decade, but the idea is that once you have that 6-months saved, it’s less likely that you’ll re-enter into high-interest debt in the first place.
Saving 3 months in an emergency fund while accruing high interest debt seems crazy to me.
Most people, especially those not very knowledgeable about personal finance, really should follow the Dave Ramsey baby steps.
It's a however long it takes goal. I'm hoping to have it done in 2, although 3 and change is more realistic.
Unfortunately, if you can't afford to live with financial security, you can't afford to live. I haven't had an entertainment budget in over a year, and food has basically been what's on sale at the grocery store and maybe a gyro every month.
I wish you the best of luck. It isn't easy. Getting out of debt and having a fully funded emergency fund is a great feeling.
How long is a piece of string?
Depends on how much you earn, what are your expenses, and how much you have saved already.
You don't have to. Start early, save aggressively, get it done before you worry about upgrading your lifestyle.
Also, maxing out the $23.5K of the 401K retirement account.
Easy, have a side hustle selling drugs and pay everything cash.
Just stop eating and photosynthesize like the rest of us responsible adults
Psh look at this sun breather. I just de-evolved myself by my bootstraps and float near a hydrothermal vent like a real adult
People with less expenses, people with a higher salary, people who live in a less expensive area, etc, etc.
Most people don't accomplish 6 months emergency fund in 1 year, no. It's a marathon, not a sprint.
6 months of expenses, not income.
Most people can. I make $40k per year in a major city, and I'm getting there.
Joke's on you, i spend all my income
It's supposed to be living expenses, not salary.
I make plenty of money and it took 15 years for me to get my emergency fund up to scratch.
Edit: of course, you can probably do it faster if you don't have any emergencies while funding the account lol.