PrettyBlackDressIf You Were Unemployed, But Had A Hefty Savings Of 10K, In What Ways Would You Approach Your Job Search Differently?
OrbituaryWhat everyone in this comment section calling out “10k isn’t much” are failing to understand is that over 60% of the USA live paycheck to paycheck and don’t have any savings to speak of. Extend that to the world and you would go pale.
Check your privilege and get educated.
More than 60% of Americans are living paycheck to paycheck. Here's what researchers say is to blame.
Even 4 in 10 high-income households earning more than $100,000 are living paycheck to paycheck, a new study finds.
Yea seriously thank you. I’m like mind blown that ppl don’t think that’s a lot of money. 10K would last me almost 2 years not working. I’m single, no dependents, my rent is cheap and I own my car. What’s the deal here man? Why’s everyone pissing on 10k as chump change? That’s a lot of money man
dingusThat would last you two years of not working??? That wouldn’t last me a year of rent, never mind other expenses like food. I don’t even live in an overly expensive place like California or NY. What in the world place do you live in?
My rent is 800 a month for a 1bedroom 1 bathroom
I’m no braniac, but $10k does not at all cover two years of living expenses if your monthly rent is $800…
Probably less yes
How in the world are you able to live off $5k/year? My last months credit card bill was $2.6k and I don’t even pay rent or tuition on my card. I’m also single with no dependents, own my own car, and have extremely cheap rent.
How are you spending 2.6k a month? Do you just eat out everyday?
I pay around that per month, but that includes all of my expenses, including rent and other bills. Maybe the person you’re responding to has kids or something.
With rent and all expenses that’s about what we spend.
Without rent like they mentioned it seems so much. I dunno how I would spend that much in a month. Apparently I’m wrong for asking though.
I don’t know much about their situation, but one of my coworkers has kids in daycare and it seems insanely expensive to the point where they’ve recently needed to get a second job.
It’s not usually that high but it’s not totally uncommon for me to spend that much a month. I usually try to keep my spending between $1,200-1,800/month but that doesn’t always happen.
Rent for a 1b apartment is more than that in some cities in California
They are making shit up or leaving out the fact that they sleep on the floor with 4 other roommates in a single common room.
Lol I have my own apartment
No you don’t. Not in any space the average person would be or should be willing to live in. Unless you mean you own the place.
Yes. I live in a 1b 1b I’m in the south. So cost of living isn’t skyrocket like in California for instance. I also don’t just ‘accept’ an outrageous price in rent. If an apartment cost 1100 a month for me to rent, then I’m going to a neighboring city for a lower cost.
Link a listing for apartments.
I pay 800 and no. I’m not sending apartment listing I’m my area are you crazy lol
$800/mo is $19,200 over 2 years. So no, you can’t survive almost 2 years on $10k.
So you just were talking out your ass. 👌👍
I used to say 10k is enough to solve one major problem in my life and that was it. Enough to bailout a relative, enough to move across the country for a new job, enough to rebuild after a fire/flood, enough to buy a reasonable car in cash. 10k is not just money, 10k is a force in its own right. It represents one thing that should destroy my life or someone around me life nd make it go away.
Many years ago my wife wanted to finish her degree and she made 2k a month. I gave her my ten thousand and told her to focus on studies for five months. Worked out.
With inflation it is probably 15k now.
I recently moved across the US. 15k would be possible but it would be tight (assuming everything you own doesnt fit in the back of your car). Also assuming youre including all moving expenses like reregistering a car, gas to drive across the country, deposits on rent/utilities, a month of overlap on rent, etc. All the little things start adding up quickly with a move that far.
Don’t blame the responders, look at your question. If what you really want to know is “if you had 2 years worth of savings to live on”, ask that. The low end average cost of living in the US anyway is $2,500, so 10k is 4 months of living expenses. That’s also about the average length of a job search.
In general, the OP seems a bit out of touch with a lot of things. They also recently asked why people stay in shitty jobs instead of just quitting them. Money. Money is why.
Looking at OP’s post history, they also have a history of trolling and shitposting, so I’m guessing this is just more of that.
🤣🤣🤣🤣 I have my own apartment. Don’t hate just because you’re rent is 3k a month. Maybe budget better.
How do you budget rent away
I take one check and put it away, then next pay cycle I take a portion of that to add to the first chunk in my savings and then use all of that to pay my rent at the end of the month. I don’t spend any of my first check because that needs to be the majority of my rent while my second check I only need to pull 250 from
I don’t get how this has anything to do with “not hating because your rent is 3k a month” when it comes to having just 10k
I don’t buy it. Not in the US, at least. Even if that was exclusively spent on rent alone, that would put it at $417/month. The only way you’re doing that is if you own (at least bought before the real estate spikes since ~2017) or you have a personal relationship with the landlord and are getting well below market rates. Or if you live in a van down by the river.
And that’s even before things like food, insurance, etc.
Cost of living isn’t the same everywhere and perspective is relative.
Rent in my area averages around 3k USD/mo for fairly plain arrangements. Between that and “unavoidable” costs like utilities, you’d get 3-4 months max on that amount, even living frugally. It really isn’t that much for a lot of people, even if that amount might be to you.
Thanks for pointing out the cost of living being different depending on area. That’s really important
My apartment, which is about 22 square meters, costs me 1300 dollars a month. Add in a electricity, food, Public transit card, mobile data, and other small necessary things, and it’s at least 1800 dollars a month. And that’s without any extra expenses like fun things.
Which would, of course, last under 6 months. That’s not a lot of time. I’d need to start a job search immediately to be safe.
Tell us then, how do we get rid of family that we have to provide for, and where do we get that sweet cheap rent?
Those are your responsibilities that you need to accept and do twice the work for. That’s the cost of having those things.
People who do not have those burdens are not the bad guy. Focus your energy on ways to help yourself instead of shitting on other ppl.
The amount 10k I put is because that’s a fuck ton of money TO ME. And would help me a shit ton.
If 10k ISN’T enough for YOU then disregard that number and just put an amount according to your life situation that you consider a large sum of money that would help you while you’re unemployed and then answer the fucking question.
Basically, take any amount that you consider a large sum of money, and then apply the same question I asked in the post.
Stop trying to shame and fucking argue. Makes you look bitter
My condolences for your situation but the reality is that it simply isn’t a lot of savings.
10K lasting you 2 years is a fantasy. If rent is $500 a month, (which is an overwhelmingly generous estimate in this economy), you’re still talking about $500x24 months = $12K. That’s ignoring literally all other costs of living like food, transportation, electricity, etc.
I’m single, no dependants, don’t need a car to get around, and 10K would still not even last me a year simply because my rent is $1100 a month (and that is considered really good for a 1br in my city)
$1100 for a one bedroom? That would be crazy good where I’m at even for a studio where you’ve got bullets flying at night. I’d blow through 10K in rent in a few months. Where the hell does OP live that they could survive 2 years? There’s no way I’m even in the same country as OP.
Yeah I’m super lucky. I live in a major city in Ontario. My rent is partially controlled due to provincial laws and my building being a bit old, and I’ve lived in it for about 5 years.
I’m kinda trapped though since I’d probably be paying double for a unit of the same size elsewhere in the city, and even more if I wanted to get an even slightly larger place, so I have to be happy with what I’ve got until the housing bubble bursts. I’m not complaining though, the building is well kept and in a very dense and walkable neighborhood with lots of amenities.
I’m happy to hear that wherever you live is a helluva lot cheaper than Cali
Fuck I feel you. Was born and raised there that’s why I moved. Rent prices are sinful
You said in another comment that your rent was $800 a month, two years of that is $19,200. Rent is (supposed to be) about 1/3 of your living costs, so that would be $2400 per month. You’re good for a little over 4 months, more if you live very lean.
Average cost of groceries per person per month in Texas is $289. Let’s say you’re thrifty and only spend $200. www.sofi.com/cost-of-living-in-texas/
Gas has averaged about $3.10 over the last year. ycharts.com/…/texas_retail_price_of_gasoline_mont… I don’t know how much gas your car uses or how much you drive, but lets say you drive a prius and get 50mpg. Most people drive about 1200 miles per month ( thezebra.com/…/average-miles-driven-per-year/ ) let’s say you only drive 1/4 of that, so 300 (75 miles per week). Not bad, only $18.60 for gas. Minimum legally required car insurance in Texas (gets you nothing if your car is damaged) is $47 per month (bankrate.com/…/average-cost-of-car-insurance-in-t…).
Average utilities in Texas (including internet) is $402 per month, again you’re thrifty so we’ll halve that at $200 per month.
So, if you buy absolutely nothing besides bare minimum groceries, gas, car insurance and utilities (I’m assuming you’re on no-cost Medicaid here), that’s $465 per month + $800 rent is $1265. You’re good for almost 8 months. Not a dire as some here are claiming, but also not two years. If you lived like the “average Texan” it would be about 2.5 months.