The odds are against you to save when you get married. Now you need to have 2 savers instead of one. It does not matter if more money comes in plus with the sharing of expenses some people spend everything plus some..Weird. I'd say adding a wife to the mix makes it easier to save 50% of salary. Income goes up, but expenses go up only marginally.
Kids can throw a wrench in the mix, but generally not until they reach school age. Babies and toddlers are cheap.
You're absolutely right lonewolfThere is a high percentage of people that spend as much or more then they make regardless of how much money they are making. So if one is a spender & the other a saver the spender will spend the savers money that they save. Before there was a saver & a spender now the spender stopped the saver from being a saver.
Good job and congratulations for being disciplined.Spending update
Total spent in last 6 months: $15,475
Total spent in last 12 months: $33,885
Now successfully under budget for the trailing 12 months; success! It's nice to see that after going over budget, I can get back under. I'm going to stick with the same 38K expense target for 2020 as it seems that inflation still has not forced me higher.
Thanks. I had been a MB resident for some time but recently left my apartment in the US. This has been a gradual change over 2018, 2019, 2020.Good job and congratulations for being disciplined.
I see you moved to Manitoba from the US. Just curious if you want to speak about how that changed your spending, was it a positive?
Where in BC ? It would be interesting to see how the expenses change if you settle in the lower mainland.Thanks. The story really isn't done, because I'm planning on moving to BC within a few months..
I'm thinking of Vancouver (the city). I'm getting conflicting data on rents. I surveyed downtown apartment rent back in the summer and found it was affordable, comparable to what I paid in Portland, a bit further down the coast. By 'affordable' I mean that I should still be able to have the same quality of life I've had for the last few years at similar cost. I'm single.Where in BC ? It would be interesting to see how the expenses change if you settle in the lower mainland.
I don't remember if you had a family, and you probably already know this, but rent and daycare here are crazy.
There are different sizes, ages and level of equipment so there's quite a variance. $1800 sounds reasonable but I would rather think about something like $2000 for a 650 sqf. 1 bedroom apartment in downtown Vancouver. Going further east in Burnaby that same money will probably rent you a much bigger/newer place.Is the 1700-1800 for a downtown 1 bedroom? That's similar to what I found when I last did a search.