Loving leftovers is not hard. Everyone should do this because it is the right thing to do with all the waste in this world. I'm a doctor, one parent is a doctor and generally well off. But we as a family respect the food we are buying and cooking. Food should not be wasted
this should be top comment. i spend less at the grocery store cause i cook. i do big meat shopping once a month. aside from that i’m just getting essential things like fruits eggs etc
In addition to leftovers, people need to learn to grow some of their own food, plant a fruit tree or two, and get a few chickens if their city ordinances allow it.
I would love for these two to do a real life mockup. Search jobs in a city for an entry level wage, find an apartment in the ads, find the cost of electric, water, heat for that size apartment. Calculate the gas to the job they picked. Find the cost of groceries, insurances, etc in the area. Do the hard numbers and tell us what's needed team Ramsey
@Kierra if you don't have support at home I wouldn't be buying cars and streaming services etc. I'd be giving myself as much cushion as humanely possible because I'd be scared to death I'm one life event away from being homeless. Literally every person I've ever met that says they can't get ahead has significant things they won't part with to get ahead. Instead they blame it on circumstance, although the vast majority of circumstances are self made.
They aren’t talking about entry level jobs. $25 an hour X 2080 hours a year is $52k. That might be nothing in expensive cities but it is a decent wage in a lot of places.
It was a lot easier to make it when I made $13 an hour a few years ago. Compared to over $20+ now. . . And no my expenses haven't changed. The cost of living is just that high.
I've lived on my own for 7-8 years now, I currently make 18/hr. Working 40 hrs a week typically. I get all my bills paid, eat well-not expensively, tithe, and still put a couple hundred away every biweekly paycheck. Don't tell me you need 32.50 an hour to live.
It would be interesting to see your budget. I figure if I had to cut back, I could get by on a little under $3k per month, but that would still mean I'd probably have to make over $20/hr working full time. That includes caring for a partner though.
Imagine cutting your expenses as much as possible, working overtime to get the extra money, avoiding a car note, living with roommates, and investing as much as you possibly can. The path to building wealth is unpopular, because for most people, the path to getting wealthy is not going to look wealthy. The sad part is that, deep down, most people don’t see the point in actually being wealthy if no one actually believes you’re wealthy.
@@reese85 That depends on how you define wealth. What is your definition of being Wealthy? Is it showin out or is it working because you want to not because you have to? Do you have another definition of wealth?
I don’t care what people think. I’m not out to impress anyone except my self. Money does not impress me. How it was earned and being humbled to it means more.
We are a family of 5, living on a single income. $21 an hour, no car payment or streaming, with a $400 a month mortgage payment. Groceries, Pampers and clothes combined for all 5 of us is less than $500 most months, and unless we have some majorly abnormal bills (this spring it was catch up dentist work) it is actually fairly easy to save up. We do work more than 40 hour weeks (husband at his job, wife at homemaking, cooking, sewing clothes and garden work) but it is a good fulfilling life! Maybe we need to do a ticktock about it and peace-monger.
Back when I was making $13 an hour I would say that it was not a living wage. Of course I had a $400 car payment and would spend $200-300 a month on clothes, go out to eat, and did not budget. Looking back if I tightened my spending I could have saved more. I got tired- sick and tired- of living paycheck to paycheck and having nothing to show for my work. I started my savings journey and tracked my money, no more buying "wants" but absolute "needs." I was able to save even when working part-time as a substitute teacher and going back to school for nursing. Once I started working as an RN, I continued being frugal, and my saving just sped up. I was able to get a house in Oct 2022, with interest rate 5.375, with a big down payment on the house. If I had not had changed my mentality on saving and doing the work to get a better wage, I might still be complaining that it was not fair and that the odds were against me.
Your over exaggerating those numbers! Cuz at 13 hr your not buying $2-300 hundreds of dollars worth of clothes a month on top of a $400 car note! Unless you lived at home with your parents paying no bills
That is a great motivation story. Good for you. I was fortunate to have the option and opportunity to cut back if I chose to as well and it has paid off financially for me also.
@@Hotnik0813 lol far from angry little homie, it’s just common sense she’s not doin all of that making 13 hr unless she lived with her parents rent free! You wouldn’t kno that cuz you don’t make alot of money so you don’t kno how money works yet
People can easily pay less than $60 for their phone bill. I get unlimited everything and pay $45 right now with Spectrum mobile. I have also had other phone bills with companies like Straight Talk and still only paid $45 a month and you can bring any phone with you with these plans. Save money!
Yep, If you’re the one at fault, then that means you have the power to make changes! If you’re a victim, you by definition can’t do anything. That’s why I always like it when things are my fault.
I have been raised to think I am just another responsible defaulttafallafagous about my situations in life. But, I've learned I am not always just a defaulttafallafagous, but the victimmafallafagous. I am an angry victimmafallafagous at times if I know I can't do anything about my victimmafallafagous situation. So, I know exactly how it feels to be a victimmafallaphagous instead of a defaulttafallaphagous. Do I just become a defaulttafallafagous by osmosis because I really wanna know?
I used to live in dc making $30 an hour. I lived in a high crime neighborhood with mice. It was all I could afford. My rent was $1,070 and I had to make 3x the rent to qualify. I didn’t have a car note, just utilities and cell phone bill. I moved because the mice were in the walls and ceilings. I moved to MD where the average apartment in my area is $1600. I ended up moving back home. Once I graduate school, I hope to move into a nice mouse free apartment with no roommates.
@@willyjoerockhead Depends. Some places, like in many parts of Los Angeles, have so many rats and mice and the buildings are built so poorly and falling apart that 100 cats would not be enough to put a dent in the infestation. Dilapidated infrastructure and massive homelessness are also major factors.
@@Yandel21ableify US has such a high range of cost of living you can’t say that blanket statement. $30 an hour is great in Florida, Texas, Ohio… not great for NYC, LA, DC metro…
The biggest takeaways I got from watching the video, reading the comments, and reflecting on my own life is that having a roommate/partner/spouse to share rent with is HUGE. But also living below your means and genuinely doing your best to save money where you can is crucial. We have so much available to us. We don’t need to consume ALL of it to be happy. Rotate your streaming services, learn to cook and shop sales, meal prep, bike to work if you can- public transport- car pool. Quit losing your stuff and stop buying more! Quit smoking- quit drinking. Your electric bill would be lower if you worked another day or took your kids outside instead of to the movies. There’s so much that can be done. Don’t give up because of your income. If you can manage at $15/h just imagine what you can do when you make more. And you will make more
It's great advice. My parents were always frugal and its a family joke my Mom is a penny pincher even though we were middle class. I knew if we broke something we weren't getting another one so I learned to take care of and appreciate what I had. If things broke I learned how to fix them. Too bad people don't like to take the advice of living below your means. Friend of mine complains about being broke but has to have that Tesla paying over $600 a mo as their largest monthly expense. It's nice and all but don't think the gas savings is there while they're living above or at their means.
@@joyfulhomemaker8053 Nothing Mr. Smith is saying adds up as I know how much those cars cost and you will absolutely not be approved if you're broke. Your point is irrelevant.
Even when I had no debt making 25 an hour my rent was 50% of my income food, utilities, phone. Guy has a point. You need to make 70k a yr live better and get ahead.
@@jerrodlopes186 the majority of the population cant work those jobs we need people who are working 40 hours a week at any job and are able to afford food and shelter .
Just made it to 70k and I can tell you IT IS a sigh of relief, especially if you have dual income. I couldn't imagine how difficult it would be to have a child while making less than $25/hour. To me $30/hour is the new "standard' to be a home owner.
Even if you do what The Ramsey Shows says which I’ve done 1/2 of what you make goes to taxes via income taxes, property taxes, sales taxes then the ridiculous prices of food, education, housing, insurance, healthcare, divorce law, and childcare expenses. This country is completely destroying itself. The Ramsey Show says work more, live on less, and make yourself more valuable. I’ve done that and as I’ve become more valuable things have become more and more expensive! I made $200k this year and still can’t afford to buy a house in a good neighborhood with good schools near their moms because of the inflation of housing and mortgage costs. You guys need think about it.
And I was making 30k saving money. 200k means nothing if you're spending it all. Now i'm making 10x what I used to make and still spending the same amount as when I was making 30k. Don't get life style creep happen and you'll become rich.
@@DefinitelyNotRinYou missed the divorce law part of his comment. The courts decide that based on income so he may be paying $70k - $80k for that. Add in the other things like taxes, 401k contributions and you end up with only half of what you earn. That was his point.
I got hired working on an assembly line in 2006. Making $12 an hour then worked my way up it took 10 years to make 80k a year. I Was glad to have a job.
I'm 37 single and have put off dating and starting a family just because of finances. I make close to 50k per year. No car payment, rent keeps going up, no debt, things were bad before now with the inflation, and its impossible to purchase a home. Its just me and barely making it check to check without savings. The hustle culture kills people.
It definitely depends on your state. Cost of living has exceeded wages for a long time. I make 75k a year and my townhouse mortgage is nearly 50% of my take home pay. This is not how it used to be.
Ouch that's too much of a percentage. Going to be hard to ever get ahead and get off the hamster wheel at that rate. Need to sell that place and get out of there ,either that or make more money with the same amount of time. Working two or three jobs just to make ends meet and get ahead and gets old after a while but it's okay to do for a year or something if you're trying to accomplish a goal
@@JJ38255 my fiancé contributes too so it’s not as bad as my initial comment made it seem. It would be about 45% off just my take home pay. But at 2.5% fixed rate, I’m not moving anytime soon
I live in Las Vegas, NV and the average monthly rent is above 2k a month. I am paying $1850 the struggle is real and no I can't move do to child custody issues.
That’s cause there are jobs that don’t require any skills like fast food. If you make things like fast food 25 an hour your gonna have a 8 dollar cheese burger from a value menu. Not only that but anyone who is in an actual skilled job would go from making more then a fast food worker to making the same and then what’s the point of learning a skill to make money with? There would be no reason.
Going to Europe and seeing how things are over there, I realize we are dead wrong here in our attitude toward this issue. McDonald’s workers make a good amount, and the food is NOT expensive and it’s better quality than it is here. I paid €8 for a meal there. The cashier makes €20/hr. I pay that here ($8) and my cashier makes maybe $12/hr? You go to grocery stores, restaurants…people make a reasonable salary, with no tips. Yet prices I saw over there were cheap, and even cheaper with the exchange rate, because the euro had crashed while we were there. The cost of living is not that high, unless you live in a big city, which is normal. We are wrong in this. We are.
My daughter was a teacher until recently. She wanted to teach. Her kids loved her. But after struggling to live on roughly $25 an hour, she gave up and left the profession. For years and years, just about everyone in this country has agreed that teachers, who have a very important job, are way underpaid. I wouldn't blame them if every single teacher in this country went on a nationwide strike.
Teachers are NOT underpaid. Have you seen the proficiency scores for students lately? They’re abysmal. Let the teachers strike. They should be replaced by a babysitter and online courses.
@@bidmcms3 Online programs and games have basically replaced actual teaching, at least in my kid's school. When my son came to his teacher about a kid who keeps bugging him, he said quit tattling and deal w/ it yourself. My son has been training in martial arts for years so he can defend himself, but of course, it is discouraged unless necessary. When the kid gets in his face the next time, my son pushed him away....guess who gets written up for "dealing with it" himself? I refused to sign the citation. He did what the teacher said in a way he knew. I wrote all this to say...I am not impressed anymore. With online programs, so many teachers have gotten lazy. Replaced teaching mentally and emotionally.
While I agree one get get a cheaper apartment or find roommates, and get a cheaper car, he's missing a lot of bills. He didn't account for health insurance. You won't be keeping that job if you aren't buying soap, shampoo, laundry detergent, etc. What about money aside for co-payments at the doctor? What about saving money aside for renewing license plates?
I mean, personally toiletries could easily be part of the $500 he set aside for groceries because my food certainly doesn't cost $500 a month. You do need extra for things like co-pays, car registration, etc. I think the point is to have a general budget that leaves enough at the end of the month that those things aren't a big deal. Leave a $400 car payment out and the registration for like $110-150 is no big deal once a year.
You can disagree with his formula but they guy is right. Less than $25 isn’t a leaving wage. Ask for a couple with kid how they’re living if just one of them works earning $25/hour.
I have a friend who makes near 60. They recently purchased a house. During the housing price climb & interest rate spike. Though they probably are in the 5-6% range. I live in an expensive area. They live slightly outside of that. They have 3 kids. 2 of them are special needs. They have decent used cars. I live in an expensive area. They live slightly outside of that. I'm not saying life is super comfortable for them. I know there's been a couple times they've gotten assistance for big problems. But they are doing fine. Again... nobody is saying you shouldn't go make a million bucks. Heck.. go do that. Im chearing you on. I'm just saying... you can do a lot with 50-60k.
Getting a roommate isn’t so simple and easy to do. There’s plenty of people who had a bad experience with roommates. You really don’t know who you going to move in with. Are they drama queens, will they pay their part of the rent, are they violent? I’ve seen some dangerous situations living with roommates. Just because they are single doesn’t mean they have to make sacrifices like that. People don’t tell struggling families to get roommates.
It's all about the choices we make really. What are we willing to sacrifice today that will greatly improve our situation tomorrow? Some choices lift us up and others hold us down.
Ramsey Solutions personalities believe that making $20+ per hour is easy and an entry level pay rate at Walmart, etc. Reality, most are lucky to even make $12 per hour working "low income" jobs. I wish that making $25 per hour was as easy as they make it sound.
@@reese85 20 to 30. I mean everybody was making good money, i talked to people at other restaurants, decent servers are doing that or more. But they take it for granted, most if the servers were just as miserable as everyone making $15 an hour, because every penny they made they spent. There are options out there if you separate yourself, most $25 an hour jobs take some sacrifice or some qualifications, hence why most people quit cause they hated serving. It honestly an extremely easy and slightly stressful job, but most people cant handle the burden of minor slight inconveniences.
That's why talking finances with people all over the country can be tricky. $25/hr in the major cities is non-degree, grunt work. In rural areas, it is a professional's income and more that a lot of people make.
Best thing my fiancée and I did was move in with his sister and her husband. We have the lower level of the townhouse, they have the upstairs, we share the middle - our rent is only 900/mo per couple. And way better than living with random roommates.
It's great to have couples that work as a team as opposed to working at getting the most they can from each other. I've seen extremely toxic relationships.
Y’all need to buy a house and house hack it. Your sister does too. Rent gets you nothing. No return. No equity. You are paying for nothing. Just my thoughts.
@@CoffeeAndBusiness We do not have a desire to own a home together. My fiancé and I are currently saving for a house and his sister and her husband are as well. Our timeline is ~2-3 years. Also, my in laws are literally next door which is a God send for their daughter and our son who is coming any day now. Free daycare. 😊 We are living the dream over here!
Idk, I thought $25 an hour for my first job was crazy good. Then I realized after taxes that’s like 41k. It disappears quick, especially with high price rent ($2000 starting in my area)
This is why I disagree with the Ramsey strategy. They do not really put things in the real world. They put things in their world were they make more that $25 an hour. My husband only makes $22 an hour as a sheriff deputy for one of the bigger departments in our area. If we had to live just off his income at bear minimum not including a house note and not eating out we would could survive. Let's look at the reality of things, We have a cheap house note under $1000 a month. One vehicle paid off, the other is a used vehicle with a note at around $500. But even if we did a used note at 350, after you pay for the necessities in life; auto insurance, electricity, water and then your groceries and then we go for the fun stuff in life internet, TV and cell phone. If we lived just off of his income of a whopping 2600 a month we would have somewhere around 50 bucks at the end of the month. Note: gas was not included. The guy in the video has a valid point.
@@nicholasbaker2904 False, the statement "make more money" only comes when and after a solution to live on less than you make doesn't work. The Ramsey strategy works and I'm pretty sure @adriennerimes6846 hasn't thought of everything in their budget. Let's be honest, you have items that you won't sacrifice.....
The national median rent in the US Oct 2022 is $1,883. Of course there are cheaper areas but salaries and cost of living are usually relative. I'd love to see these guys make $20/hr and survive on their own in a city where $20/hr is the median wage.
The national median is something you shouldn’t go by. The outliers like LA, NYC and other big cities shoot it up. I like in western new york area and I pay 500 (with a roomate) and my gf pays 625 by herself (in a rough area and a nice landlord that likes her). Having said that, student loans and everything else make it hard to survive on 25 bucks an hour
I lived in my van to get away from roommates saving over 95% of my income. Lived in the Safeway parking lot. Sink baths at the gas station restrooms. And yes I did spend time down by the river.
I used to think that $1600 per month in rent was crazy expensive….but it sadly has become the norm. I live in north Georgia currently and am paying that amount….even if I wanted to move back to Kansas (my home state), I’d be paying at least $1500 for something decent and safe.
Funny, just did a quick google search and found two great apartments at 1300 and 1100 respectively in KC. Must be tough not knowing how to do research properly
@@rpggamemaker6684 Why did you use the word, "respectively?" How you used it in this sentence doesn't make sense. Also $1300 a month is only $200 cheaper than $1500 a month. That is not a lot of extra cash. The disrespect in your comment is tedious and unnecessary.
We are a young family trying to have more kids. We can't just "GET A ROOMMATE!" I'm not sure anyone wants to be our roommate knowing that we are in the next room trying to make more babies who will scream and wake you up at all hours of the night. Unfortunately rents are insane and buying a home is way too expensive right now. You're not stupid. The world is stupid and this situation we are all in is pathetic.
I see both sides of this. On one hand, theres always room for people to cut their expenses and quality of life to actually save up their money. However, I think that the “system” tries its hardest to break people. You can ditch your car note, but how will you get to work in a city or town with poor (if any) public transit? You can live with roommates, but what happened to all the affordable housing? You can stop eating takeout, but groceries cost almost as much these days. The problem is both: poor governance, there’s very little wiggle room for people nowadays; and the culture of consumerism which sucks up peoples savings.
@@linuxsurfer2002 u need at least 5k cash for a reliable used car, which most middle and lower class people simply do not have. Theres research that shows most people don’t even have i think 3k if I remember right for emergencies
Eh, wages could be higher. Period. And people shouldn’t have to have roommates. Roommates can come with a wholeeee score of problems. It’s nice if you can have one you trust.. a sibling, a long long time friend. But with the way the world is now people aren’t rushing to shack up with just anybody. Entry level apartments and homes have all but disappeared and I take more of an issue with that than peoples budgets. The cost of living and wages (for many Americans, but not all) don’t match. End of story.
For one person definitely! Wife and I would budget $125. Once we cut out buying snacks/processed junk and drinks (alcohol/juices) we would be spending average $90 a week and we’re in San Diego, Ca.
It always drives me crazy when someone talks about the "average rent" without saying for how big an apartment. Rent numbers are completely meaningless without that information.
Also, society isn’t designed for individual people to just float around without attachment to anyone. Most of human history, you either struggled, or there were two people earning money in a household. You know what two people earning $25/hour in a household is? Over $100k in annual income.
What makes me upset is I make $20 an hour and everytime they want to raise the minimum wage my standard of living goes down. I wish instead people were paid what their worth and not just a blanket amount of money.
The problem with a total national average like this is the fact that living in LA or New York is vastly different from living in Nebraska. It should be looked at in a more micro scale
At one time my wife and I were making it with $15 per hour. She cooked at home and made my lunch everyday. It was what we had to do so she could stay home and take care of our kid. Now we make several times that money but our way of life hasn’t change much. $25 per hour is more than enough.
Living on $25 per hour is reasonably doable, if you live in a relatively inexpensive area of the country and don't have a family to support. It's tough if you live in an area like SoCal or NYC.
Part of the elites game plan to drive the united states population into the middle of the country and get most people off of the coast where most of the united states population live now ( squeezing everyone financially out of the coasts )
I'd add every major metro to that list, or at least most of them. Can you survive on 25 an hr in an expensive place ? Absolutely, will it be easy or comfortable? Probably not.
@@wewhoareabouttodiesaluteyo9303 oh wow having to move somewhere affordable is such a burden. That is really oppressive, I bet the people growing up without food or water or growing up in slavery are just praying for us with how hard it is here in america, where you can’t live in the most expensive areas without making good money. Lord help us, I can only afford an $800 cellphone to complain on youtube comments where the rich people have $1400 cellphones. My life is so hard, I’m so opressed.
Family of four living on one $21/hr income in an average to above average COL city. It’s more than reasonably doable. Sure, we buy everything store brand or second hand (or pick up free on the curb) but we make do and we’re happy. Saying $25\hr is “reasonably doable” in a “relatively inexpensive area” sounds like you’re used to fairly high standards.
Meh, depends on location. I make around $50k, which is roughly that $25/hr mark. I have a mortgage on a small, modern home for $1150/month. Far from homeless.
When I get a job that pays $15/hr I will be so grateful! I'm hoping in a year or so (with my associates) to be making $20/hr and that will be absolutely life altering. Right now, as soon as I get paid (twice per month) the money is gone by Monday. I work over 50 hours per week. I also have a side income that I do for 16 hours during down time at my main job. I considered delivering food as well, but I have no gas money. I don't go to concerts, eat out or shop. Heck, I can't even afford to do laundry anymore. I wash in the tub. My point is that "spending less" isn't always the answer.
I used to listen to and promote Dave's ideas. His ideas only hold water when we have sound money. We do not. Look at how Dave makes money. He doesn't use his own system. He leverages real estate to make his wealth. He doesn't work in a service industry. He works in social media. He isn't much different than a tik tok star. He sells the attention of his audience to make a buck. Normal people don't have this ability and never will.
$127/mo for a cell phone? Sure, if you’re making payments for the latest and greatest iPhone in your plan. If you have a paid for phone there are tons of plans out there for $25-30 a month. Taxes included.
My tracfone plan costs $10 a month. The phone was around $100 online with coupon codes in 2021. It's not a bad android smart phone either. Holds lots of apps.
Expecting people to be able to pay cash for a good car is unrealistic. Especially for a young person or someone that is already struggling. I'd love to see the car that a young person is expects to be able to buy for cash.
I am 62 years old and have never paid cash for a car. I don't care what anyone say it takes a long time to save any amount of money for a car, any car.
I've seen very reliable Toyotas with 150k miles on them going for 4-5k used. Easy to save for if you get serious with a budget and 150k miles on a Toyota is just breaking it in.
My little brother just got a used 2001 toyota car but with everything working for $3k. In 2017, when I bought my car, also 2001, i got mine for $2k. We live in Oregon.
And these two are taking what he said out of context. They don't bring up savings or retirement or insurance, etc. into account. They don't take inflation into account. At twenty an hour, that is 41k. Minus taxes and deductions.
The thing that has helped me substantially is becoming more aware of how I'm spending my life. I've looked at what really benefits me, and what doesn't. What do I need, and what can I live without? For example, entertainment. It's always nice to sit down and relax with some Netflix. But is a necessity that I can't live without? No. I could easily just go read a book or draw. In fact, I'd rather do that because then I feel better about myself in the long run.
Yes! Or go organize something. The things you said were things I used to do in elementary, middle and high school when I was bored... Or play the piano, sing or write.
Or hear me out....Or you find ways to get what you want without paying for them. With Netflix it's sharing accounts, finding free streaming sites, or learning how to torrent.
You have a good point, cutting Netflix will most likely only serve you better. But it's like $12 a month. That's not going to get you rich. I could trim a few hundred dollars of spending but my family would suffer for it. Dave Ramsey is mega rich and he didn't get there by following his advice. He took massive risks.
@@Horsethief666 You can cut expenses without making your family suffer! TV antennas & free streaming services work just fine. So does limiting eating out to once a month to make it seem more special. Getting the whole family involved in cooking and even growing some of your food at home. Shopping for 'new' clothes/toys/games at resale shops & yard sales & using the library for videos & books for entertainment. Going camping or to low cost/free events locally instead of to an expensive amusement park for vacation. There's lots of ways to cut expenses while having an even BETTER time with your family if you're willing to put a little bit of creativity & effort into it.
We have worked 60-90 hours each week for many years to get out of debt and continue on our fpu journey. It totally pays off when you see others wondering why your so weird.
People don't realize that the short-term grind is work the long-term security. They just want free stuff and 'easy' living. Nothing worth doing is easy in life.
@@Blueskydaisy000 but there's nothing like reaching a goal and feeling the satisfaction and then you just keep working hard because you love it. You have to love your work as well. Most people don't which is so sad, but we love ours.
@@sbrazenor2 we know so many people who aren't working by choice and complain constantly about their finances. Then there's the others don't want to change their behaviors for just that short amount of time. I guess there just not sick and tired of it yet.
Yeah and when they cry about not having extra money for emergencies...well that didn't cross their mind when doing more important things like just dragging knuckles at home or just spending countless hours not doing anything productive.yeah ppl tell me I'm crazy for working much more than minimum but when I tell them my check amount they praise me as if ima throw them a few dollars their way...nope!!!!!
I remember making $1,500 month with a big $400/month car payment. You could only imagine what happened. Car broke down and I had a mini financial crisis. Live within your means
The man is not that far out of whack. $25/hr is the new $15/hr from barely a decade ago, except the glaring problem that adults earning $15/hr a few years ago aren't earning $25. People getting out of debt using the baby steps are earning much more than $25/hr in 2022.
My wife and I live off of roughly 15/hr each jobs. It’s possible. Were both college students and work roughly 30-40 hours a week. No parental support either. You’ve just got to be disciplined with your money. We would love to make 25/hr lol.
I live in Central Florida and the cheapest rent around me is either the one bathroom studio apartments that are $950 and are nasty or the trailers out in the farming areas for about $1000 a month but most of those are for the migrant workers they put like 10 guys in each one its kind of crazy.
I feel like they attacked this guy without giving him a fair chance to defend his data. I'm making $19.10 per hour and still struggling, but I'm just paying monthly bills with no extras and still living paycheck to paycheck. Our wages will never keep up with inflation and the system is designed that way.
These people always say no more then a quarter of your pay should be spent on rent or mortgage. At twenty an hour. Where can you get an apartment less than 1k?
Honestly that spreadsheet of the cost of living is so bad. I was living at half or less of the cost of each line. Rent of $500/month in a beautiful house with roommates, $200/month on groceries, $50/month for ALL utilities (electricity, water, trash), $30/month cell phone with Google Fi, $0 streaming, and $0 on vehicle payments. All that is $1,100 compared to $3,300. Only a third of what this guy says! Cut your dang costs, it's not as difficult as people say.
Okay, I make $18, I’m 21, I have two roommates and we each pay $850 which covers our rent and bills. Despite not having a car yet I have enough money to breathe. Relax. I used to have that guys mentality until I started thinking logically and figuring out how to budget properly. Uber costs me $400 a month, but I’m grateful it’s just that for now.
The guy on tik tok isn't off. These mainstream shows have literally no idea what the average person goes through in life. For example you can screened properly and yet still end up with a deadbeat roommate with other issues as well. The original host for example came from a wealthy family to begin with.
Total Bs. Making $25 an hour is barely enough to scrape by in most cities. The wife and I make over 30/h each! We still have to watch the budget closely.
ahh.."what are you willing to do" excellent question! my lifestyle choices: no tv over 20 years flip phone basic Internet paid cash for used car small intensive garden grow, cook & preserve food entertainment: library parks conversation free local events meditation volunteer work *living well on less wages: $17/hour warehouse worker debt free My life is full of extraordinary ordinary moments. Thanks to everyone at Ramsey Solutions for doing what you do...teaching people how to achieve financial peace of mind.
But I think the goal in life is to eventually not have to live like this. You could be making $50+ an hour and not have to worry about any of those things.
My daughter and her roommate make $26 COMBINED working full time and are barely making it. This tic tok is not out of line. These guys are just out of touch. And heaven forbid, the guy should spend $37 a month on a streaming subscription😂😂😂.
Should have played the rest of the video. You cut it off as if he were another victim whining for a higher minimum wage, and that wasn't the point of his video.
Personally, I turn off the shower any time I'm not rinsing. It cut my water bill by -60%. So for 10 minutes standing in the shower, the water is probably only on for a total of 1-2 minutes. Just a tip for people looking to minimize cost :)
I've moved around a lot to LCOL to HCOL locations and that rent is pretty spot-on nowadays. They also said so themselves that the vehicle payment is lower than average so he was being generous. One thing he didnt factor was health insurance which unless you have decent benefits can be $400/m for an individual.
@@MicheleNichols2 I have looked into cost sharing programs before but some didn't have favorable reviews. I get pretty good coverage through my wife's work but I will keep those in mind in the future.
Regarding the car, even so, you'd have to save up for the car. So if you don't have the money saved, you have to start now by putting an equivalent amount into a fund for it.
Anyone who has earned a four year university degree or higher in America should not be getting paid less than $30:00 an hour at a minimuim. It should go higher from there.
These guys are a joke, they make $200+ hour and want to shame a person saying $25 is really breaking even or going into debt. Even out of debt, $25 hour with all the crazy taxes is not much money. Maybe if you debt free, single renting with roommates and ride the bus. Now both parents are working long hours stressed out, the kids are being raised by strangers. Then you wonder why we have so many mental health problems. With inflation and interest rates where it is now you need to be closer to $40 for one parent and $20-$30 for the other. Their answer is live in a carboard box in the streets with your family for a few years and save up.
Our income and expenses are similar except we pay $700 rent for a nice trailer which is SUPER cheap and I’m very grateful for but we still are struggling. It’s definitely tight but doable. And we are trying to nix out some debt right now so it’s even more doable and we can finally get somewhere.
I worked $11 when I was 17. I’m 26 now, making $30, and I still haven’t completed my undergraduate yet. I was determined to make more and I did. You don’t necessarily have to be formally educated, you just have to be determined.
1:42 Mortgage $1,425/month piti; cell phone $18/month; streaming $16/month; I have no vehicle payments; The other expenses listed are pretty close to mine.
So true! I did the roommate thing, also rented rooms in larger houses, lived in local hostels to save money, crashed on couches, etc. It was a nightmare and not worth the cost savings. From roommates being slobs, stealing my food and toiletries to where I couldn't keep a single thing of my own in the bathroom or kitchen, or bringing a bunch of people over at 3am and blasting music when I had to get up early for work, to one guy beating his young daughter and I had to call CPS. People are vile, and if you try to talk to them about these issues they act like you're the problem. I will never have another roommate ever again. If housing gets too expensive, I'll just live in my car, thanks. Done that before and I'm not afraid. 💯
Lol $1600/mo on rent sounds like a dream try being born and raised in San Francisco where rent is $3500-$4500 a month for a run down Victorian apartment lol
I lived in the SF Bay Area for years. Yes, if you want to live in the city, that will be your cost of living and then some. But you can live in Hayward or many other towns in the East Bay for half that. Other options are places like Pacifica, Walnut Creek, Daly City. We even lived in San Mateo for an affordable price by living far from the town center and taking an apartment with fewer amenities. It was common to commute 1 hour to work to afford to live in the Bay Area. It stinks, but it's reality.
@@kristencampbell5533 yeah exactly and half of $4000 is still not particularly cheap. I’m all too familiar with the one and a half hour commute each way pretty tough on the Wallet in regards to gasoline & parking as well and Bart isn’t cheap either.
I like how you bring up idaho, which has become very expensive to live. Here in North Idaho a 1 bedroom apartment starts $1400 to $1600 a month. 10 years ago it was affordable.
Our household does ok on my husbands income which is similar to this wage. We were doing pretty well until gas prices were so high that we were spending more than our mortgage on gas for our vehicles and losing a hundred dollars or so every month because of it (rather than saving). So my husband bought a cheap little motorcycle and drove that to work all summer 🤣 saved a couple hundred bucks a month! Hopefully he will get his journeyman (and a 20% raise!!) soon so we should be able to sell the motorcycle and he can drive his truck again.
I don't see where they got $730 a month for a car payment. It was $400 car payment, $130 in insurance, and $200 in gas. If the car was paid off, you still have to pay insurance and gas. Lets say you saved up and paid for a car , didnt have the $400. You would need $19 an hour assuming your car never breaks down. Rent does seem high though, but that depends on the area. My calculations are not accounting for saving for retirement. If you add in 15% retirement savings, you are basically right up to $25 an hour. Tithing at 10 percent? You can take that out of the $500 a month food bill, but then you are down to $8-$10 a day in food I don't think their tone is appropriate considering his numbers aren't as bad as they make them out to be.
They are always going to say it’s behavior and not an income or high expense issue. They make money by selling a system so promoting that system is in their best interest.
@@donaldlyons17 right on. I just think their premise here is off base. I am all about staying out of debt, but they are being inaccurate in their assessment here. Specially because 15% retirement savings directly offsets the car payment. Is rent too high in his table ? Sure. So lets factor in some health insurance. The guy in the video isn't wrong
I’m making roughly $12 / hr, live right outside of Nashville, and saved enough for a house downpayment. People CHOOSE to buy a brand new car and have a car payment, CHOOSE to go to school and take on student loans, you CHOOSE to not have roommates and spend $2000 on rent.
Learn to cook, then learn to plan your meals, then learn to buy what's on sale, then learn to love leftovers. You will save a lot of money.
Loving leftovers is hard 😂
We recently starting to use coupons.
Loving leftovers is not hard. Everyone should do this because it is the right thing to do with all the waste in this world. I'm a doctor, one parent is a doctor and generally well off. But we as a family respect the food we are buying and cooking.
Food should not be wasted
this should be top comment. i spend less at the grocery store cause i cook. i do big meat shopping once a month. aside from that i’m just getting essential things like fruits eggs etc
In addition to leftovers, people need to learn to grow some of their own food, plant a fruit tree or two, and get a few chickens if their city ordinances allow it.
I would love for these two to do a real life mockup. Search jobs in a city for an entry level wage, find an apartment in the ads, find the cost of electric, water, heat for that size apartment. Calculate the gas to the job they picked. Find the cost of groceries, insurances, etc in the area. Do the hard numbers and tell us what's needed team Ramsey
@MrGHLover107 easier said than done, my friend…
Some people don’t have support at home, so they have to get their own
@Kierra if you don't have support at home I wouldn't be buying cars and streaming services etc. I'd be giving myself as much cushion as humanely possible because I'd be scared to death I'm one life event away from being homeless. Literally every person I've ever met that says they can't get ahead has significant things they won't part with to get ahead. Instead they blame it on circumstance, although the vast majority of circumstances are self made.
@MrGHLover107 what? Plenty of parents kick their kids out after highschool
@@Lady.Luck. more excuses 😂
They aren’t talking about entry level jobs. $25 an hour X 2080 hours a year is $52k. That might be nothing in expensive cities but it is a decent wage in a lot of places.
It was a lot easier to make it when I made $13 an hour a few years ago. Compared to over $20+ now. . . And no my expenses haven't changed. The cost of living is just that high.
“HARD times create STRONG men. STRONG men create GOOD times. GOOD times create WEAK men and WEAK men create HARD times.”
I’m living in my parents home for as long as I can. I literally do not give a f what people say, society is way too expensive.
So you're hibernating with your parents this winter? Lol.
same lol.
Smartest thing you can do. Dont listen to anyone when they say to move out and be “inDepEndEnt”
Might find it hard to date….just saying
@@bangzoom22say it louder.
I've lived on my own for 7-8 years now, I currently make 18/hr. Working 40 hrs a week typically. I get all my bills paid, eat well-not expensively, tithe, and still put a couple hundred away every biweekly paycheck. Don't tell me you need 32.50 an hour to live.
I retired in 2018. I got my first job in the 1980s when minimum wage was $3.35/hr. I was making $17/hr when I retired. Cheers to us!
It would be interesting to see your budget. I figure if I had to cut back, I could get by on a little under $3k per month, but that would still mean I'd probably have to make over $20/hr working full time. That includes caring for a partner though.
@@Excalibur2 also yes, that is just for me by myself.
Same, except I do it all as a single mom and I am making $20 an hour. It's not that hard.
@@raychelward5201 you rock. You're instilling some incredible values into your children. Keep making them proud
Imagine cutting your expenses as much as possible, working overtime to get the extra money, avoiding a car note, living with roommates, and investing as much as you possibly can.
The path to building wealth is unpopular, because for most people, the path to getting wealthy is not going to look wealthy. The sad part is that, deep down, most people don’t see the point in actually being wealthy if no one actually believes you’re wealthy.
How’s this goin for you? Are you wealthy yet?
@@reese85 That depends on how you define wealth. What is your definition of being Wealthy? Is it showin out or is it working because you want to not because you have to? Do you have another definition of wealth?
I don’t care what people think. I’m not out to impress anyone except my self. Money does not impress me. How it was earned and being humbled to it means more.
As Jordan Peterson says, "You get to pick your sacrifice, you don't get to not sacrifice, everyone sacrifices but you get to pick it"
@@パンの耳ライオン very true
We are a family of 5, living on a single income. $21 an hour, no car payment or streaming, with a $400 a month mortgage payment. Groceries, Pampers and clothes combined for all 5 of us is less than $500 most months, and unless we have some majorly abnormal bills (this spring it was catch up dentist work) it is actually fairly easy to save up. We do work more than 40 hour weeks (husband at his job, wife at homemaking, cooking, sewing clothes and garden work) but it is a good fulfilling life! Maybe we need to do a ticktock about it and peace-monger.
400 mortgage? Jeeeeeez
Where do you live?
We live in Wisconsin.
You are an inspiration.
Respect!
Back when I was making $13 an hour I would say that it was not a living wage. Of course I had a $400 car payment and would spend $200-300 a month on clothes, go out to eat, and did not budget. Looking back if I tightened my spending I could have saved more. I got tired- sick and tired- of living paycheck to paycheck and having nothing to show for my work. I started my savings journey and tracked my money, no more buying "wants" but absolute "needs." I was able to save even when working part-time as a substitute teacher and going back to school for nursing. Once I started working as an RN, I continued being frugal, and my saving just sped up. I was able to get a house in Oct 2022, with interest rate 5.375, with a big down payment on the house. If I had not had changed my mentality on saving and doing the work to get a better wage, I might still be complaining that it was not fair and that the odds were against me.
Good for you! That’s what you have to do. Good job!
Your over exaggerating those numbers! Cuz at 13 hr your not buying $2-300 hundreds of dollars worth of clothes a month on top of a $400 car note! Unless you lived at home with your parents paying no bills
That is a great motivation story. Good for you. I was fortunate to have the option and opportunity to cut back if I chose to as well and it has paid off financially for me also.
@@reese85 dude your angry..move along
@@Hotnik0813 lol far from angry little homie, it’s just common sense she’s not doin all of that making 13 hr unless she lived with her parents rent free! You wouldn’t kno that cuz you don’t make alot of money so you don’t kno how money works yet
Who tf pays $127 a month for a cell phone???
mine is 120
I do
120
How do you NOT pay $127 for a cell? My wife and I are paying over 150 for phone service.
People can easily pay less than $60 for their phone bill. I get unlimited everything and pay $45 right now with Spectrum mobile. I have also had other phone bills with companies like Straight Talk and still only paid $45 a month and you can bring any phone with you with these plans. Save money!
The advantages of being a perpetual victim is you're never responsible for anything that happens.
Yep, If you’re the one at fault, then that means you have the power to make changes! If you’re a victim, you by definition can’t do anything. That’s why I always like it when things are my fault.
I just default assume that everything is my responsibility and go from there.
I have been raised to think I am just another responsible defaulttafallafagous about my situations in life. But, I've learned I am not always just a defaulttafallafagous, but the victimmafallafagous. I am an angry victimmafallafagous at times if I know I can't do anything about my victimmafallafagous situation. So, I know exactly how it feels to be a victimmafallaphagous instead of a defaulttafallaphagous. Do I just become a defaulttafallafagous by osmosis because I really wanna know?
Yeah, except the numbers in that dude’s spreadsheet check out.
@@CJ-wc6lf short answer: maybe.
127 for a cell phone bill? Best prepaid carriers are $25-30 a month. Any more than that and you're getting ripped off
Mines 50 but I use mine for my side hustle the extra 20 bucks is worth it
I used to live in dc making $30 an hour. I lived in a high crime neighborhood with mice. It was all I could afford. My rent was $1,070 and I had to make 3x the rent to qualify. I didn’t have a car note, just utilities and cell phone bill.
I moved because the mice were in the walls and ceilings. I moved to MD where the average apartment in my area is $1600. I ended up moving back home. Once I graduate school, I hope to move into a nice mouse free apartment with no roommates.
A Couple of cats will fix a mouse problem
@@willyjoerockhead I had a cat lol. I also left due to the constant gun fire in my neighborhood.
30 an hour is a good wage in America
@@willyjoerockhead Depends. Some places, like in many parts of Los Angeles, have so many rats and mice and the buildings are built so poorly and falling apart that 100 cats would not be enough to put a dent in the infestation. Dilapidated infrastructure and massive homelessness are also major factors.
@@Yandel21ableify US has such a high range of cost of living you can’t say that blanket statement. $30 an hour is great in Florida, Texas, Ohio… not great for NYC, LA, DC metro…
Delayed gratification is a superpower in the current culture.
As prices continue to rise and jobs continue to lay ppl off! 52k a yr is not enough money
💯
Delay gratification isn’t that hard, not sure why people have trouble with it. But then again, smart people are not common so..
I just read that Amazon is laying off 10k workers and jay z is investing in a robot pizza truck! Jobs are being eliminated daily ppl!
Delayed Gratification plus Common Sense equals Superhero !
The biggest takeaways I got from watching the video, reading the comments, and reflecting on my own life is that having a roommate/partner/spouse to share rent with is HUGE. But also living below your means and genuinely doing your best to save money where you can is crucial. We have so much available to us. We don’t need to consume ALL of it to be happy. Rotate your streaming services, learn to cook and shop sales, meal prep, bike to work if you can- public transport- car pool. Quit losing your stuff and stop buying more! Quit smoking- quit drinking. Your electric bill would be lower if you worked another day or took your kids outside instead of to the movies. There’s so much that can be done. Don’t give up because of your income. If you can manage at $15/h just imagine what you can do when you make more. And you will make more
It's great advice. My parents were always frugal and its a family joke my Mom is a penny pincher even though we were middle class. I knew if we broke something we weren't getting another one so I learned to take care of and appreciate what I had. If things broke I learned how to fix them. Too bad people don't like to take the advice of living below your means. Friend of mine complains about being broke but has to have that Tesla paying over $600 a mo as their largest monthly expense. It's nice and all but don't think the gas savings is there while they're living above or at their means.
Same, nailed it.
@@ShutoStriker My stepfather has a Tesla and it costs him $1,250/mo so your story is BS.
@@15KHPCLUB you understand some people put more money down or get different trim packages, or buy used to get the deals they get, right?
@@joyfulhomemaker8053 Nothing Mr. Smith is saying adds up as I know how much those cars cost and you will absolutely not be approved if you're broke.
Your point is irrelevant.
Even when I had no debt making 25 an hour my rent was 50% of my income food, utilities, phone. Guy has a point. You need to make 70k a yr live better and get ahead.
Or move to an area where $25/hr does work.
@@jerrodlopes186 then you won’t make 25 an hour anymore
@@van2165 I can understand why you think that, but in today's world it's not true. With the advent of remote work it's totally possible.
@@jerrodlopes186 the majority of the population cant work those jobs we need people who are working 40 hours a week at any job and are able to afford food and shelter .
Just made it to 70k and I can tell you IT IS a sigh of relief, especially if you have dual income. I couldn't imagine how difficult it would be to have a child while making less than $25/hour. To me $30/hour is the new "standard' to be a home owner.
Even if you do what The Ramsey Shows says which I’ve done 1/2 of what you make goes to taxes via income taxes, property taxes, sales taxes then the ridiculous prices of food, education, housing, insurance, healthcare, divorce law, and childcare expenses. This country is completely destroying itself. The Ramsey Show says work more, live on less, and make yourself more valuable. I’ve done that and as I’ve become more valuable things have become more and more expensive! I made $200k this year and still can’t afford to buy a house in a good neighborhood with good schools near their moms because of the inflation of housing and mortgage costs.
You guys need think about it.
Imagine if you did the opposite. Perspective, would go a long way
They have.
Agreed. They need adjust their lenses to reality. But congratulations on turning your life around!
And I was making 30k saving money. 200k means nothing if you're spending it all. Now i'm making 10x what I used to make and still spending the same amount as when I was making 30k. Don't get life style creep happen and you'll become rich.
@@DefinitelyNotRinYou missed the divorce law part of his comment. The courts decide that based on income so he may be paying $70k - $80k for that. Add in the other things like taxes, 401k contributions and you end up with only half of what you earn. That was his point.
I got hired working on an assembly line in 2006. Making $12 an hour then worked my way up it took 10 years to make 80k a year. I Was glad to have a job.
I'm 37 single and have put off dating and starting a family just because of finances. I make close to 50k per year. No car payment, rent keeps going up, no debt, things were bad before now with the inflation, and its impossible to purchase a home. Its just me and barely making it check to check without savings. The hustle culture kills people.
This is the real American story right here.👆
@gormenfreeman499Amen brother. Builders are just as complicit as HGTV
Fear will always be there. Just have a family if it's your hearts desire.
Dang, I make less than 25k and almost own my ancient 70k house outright at age 43. You must live in a high dollar area.
@@jeremywheeler8417there is no descent house in America you can buy for $70K today
It definitely depends on your state. Cost of living has exceeded wages for a long time. I make 75k a year and my townhouse mortgage is nearly 50% of my take home pay. This is not how it used to be.
What's the sq ft of your townhouse?
@@MrRba122 around 1900. Comfortable, not not anything extravagant.
Ouch that's too much of a percentage. Going to be hard to ever get ahead and get off the hamster wheel at that rate. Need to sell that place and get out of there ,either that or make more money with the same amount of time. Working two or three jobs just to make ends meet and get ahead and gets old after a while but it's okay to do for a year or something if you're trying to accomplish a goal
@@JJ38255 my fiancé contributes too so it’s not as bad as my initial comment made it seem. It would be about 45% off just my take home pay. But at 2.5% fixed rate, I’m not moving anytime soon
God bless you sir stay strong 💪🏽
I live in Las Vegas, NV and the average monthly rent is above 2k a month. I am paying $1850 the struggle is real and no I can't move do to child custody issues.
The fact that there are still jobs out there that pays less then $15 per hr boggles my mind.
it's called corporatism
That’s cause there are jobs that don’t require any skills like fast food. If you make things like fast food 25 an hour your gonna have a 8 dollar cheese burger from a value menu. Not only that but anyone who is in an actual skilled job would go from making more then a fast food worker to making the same and then what’s the point of learning a skill to make money with? There would be no reason.
I have a degree and only make $23/hour. It's so frustrating how undervalued I am.
Going to Europe and seeing how things are over there, I realize we are dead wrong here in our attitude toward this issue. McDonald’s workers make a good amount, and the food is NOT expensive and it’s better quality than it is here. I paid €8 for a meal there. The cashier makes €20/hr. I pay that here ($8) and my cashier makes maybe $12/hr? You go to grocery stores, restaurants…people make a reasonable salary, with no tips. Yet prices I saw over there were cheap, and even cheaper with the exchange rate, because the euro had crashed while we were there. The cost of living is not that high, unless you live in a big city, which is normal. We are wrong in this. We are.
@@ntmn8444 Wish the US was like Europe :/
My daughter was a teacher until recently. She wanted to teach. Her kids loved her. But after struggling to live on roughly $25 an hour, she gave up and left the profession. For years and years, just about everyone in this country has agreed that teachers, who have a very important job, are way underpaid. I wouldn't blame them if every single teacher in this country went on a nationwide strike.
No one wants to talk about nurses either, in FL nurses make $26-28/hr. Definitely not enough when you’re in charge of lives
Teachers are NOT underpaid. Have you seen the proficiency scores for students lately? They’re abysmal. Let the teachers strike. They should be replaced by a babysitter and online courses.
Depends on the state teacher live in. Some make a lot
Until woketards are banned from teaching, no teacher should get a raise.
@@bidmcms3 Online programs and games have basically replaced actual teaching, at least in my kid's school. When my son came to his teacher about a kid who keeps bugging him, he said quit tattling and deal w/ it yourself.
My son has been training in martial arts for years so he can defend himself, but of course, it is discouraged unless necessary. When the kid gets in his face the next time, my son pushed him away....guess who gets written up for "dealing with it" himself?
I refused to sign the citation. He did what the teacher said in a way he knew. I wrote all this to say...I am not impressed anymore. With online programs, so many teachers have gotten lazy. Replaced teaching mentally and emotionally.
While I agree one get get a cheaper apartment or find roommates, and get a cheaper car, he's missing a lot of bills. He didn't account for health insurance. You won't be keeping that job if you aren't buying soap, shampoo, laundry detergent, etc. What about money aside for co-payments at the doctor? What about saving money aside for renewing license plates?
I think he’s include health insurance as part of the check deductions, where he arrived at his net take-home pay.
I was also assume household things like soap and laundry detergent are coming out of his grocery expenses because mine do.
My health insurance is part of general deductions in my paycheck as a teacher and no more than like $200/month.
I mean, personally toiletries could easily be part of the $500 he set aside for groceries because my food certainly doesn't cost $500 a month. You do need extra for things like co-pays, car registration, etc. I think the point is to have a general budget that leaves enough at the end of the month that those things aren't a big deal. Leave a $400 car payment out and the registration for like $110-150 is no big deal once a year.
You can disagree with his formula but they guy is right. Less than $25 isn’t a leaving wage. Ask for a couple with kid how they’re living if just one of them works earning $25/hour.
I have a friend who makes near 60. They recently purchased a house. During the housing price climb & interest rate spike. Though they probably are in the 5-6% range. I live in an expensive area. They live slightly outside of that. They have 3 kids. 2 of them are special needs. They have decent used cars. I live in an expensive area. They live slightly outside of that.
I'm not saying life is super comfortable for them. I know there's been a couple times they've gotten assistance for big problems. But they are doing fine.
Again... nobody is saying you shouldn't go make a million bucks. Heck.. go do that. Im chearing you on. I'm just saying... you can do a lot with 50-60k.
Getting a roommate isn’t so simple and easy to do. There’s plenty of people who had a bad experience with roommates. You really don’t know who you going to move in with. Are they drama queens, will they pay their part of the rent, are they violent? I’ve seen some dangerous situations living with roommates. Just because they are single doesn’t mean they have to make sacrifices like that. People don’t tell struggling families to get roommates.
You know that is an interesting side note!!
Roommates can go sour quick, friends are the worst
If you can't afford to not have a roommate and are able to, you may just have to bite the bullet.
It's all about the choices we make really. What are we willing to sacrifice today that will greatly improve our situation tomorrow? Some choices lift us up and others hold us down.
Correct, my brother was a terrible roommate
Ramsey Solutions personalities believe that making $20+ per hour is easy and an entry level pay rate at Walmart, etc. Reality, most are lucky to even make $12 per hour working "low income" jobs. I wish that making $25 per hour was as easy as they make it sound.
Exactly!
I'm a pharmacy tech 830 to 530. Making 16.45 an hr LOL what a joke.
Idk i was making 20 to 30 an hour serving at olive garden at 19. The only requirement was to be 18 or older…
@@YoungboiNB 30 bucks at Olive Garden?
@@reese85 20 to 30. I mean everybody was making good money, i talked to people at other restaurants, decent servers are doing that or more. But they take it for granted, most if the servers were just as miserable as everyone making $15 an hour, because every penny they made they spent. There are options out there if you separate yourself, most $25 an hour jobs take some sacrifice or some qualifications, hence why most people quit cause they hated serving. It honestly an extremely easy and slightly stressful job, but most people cant handle the burden of minor slight inconveniences.
They are missing the biggest point here. A $25 per hour job won't qualify you for an apartment in many cities these days
Not true
what?!?!
Your right because business people exclude the poorer people due to too little money!!
That's why talking finances with people all over the country can be tricky. $25/hr in the major cities is non-degree, grunt work. In rural areas, it is a professional's income and more that a lot of people make.
The vast majority of people make less than $25/hr. The backbone of America makes less than $25/hr.
Best thing my fiancée and I did was move in with his sister and her husband. We have the lower level of the townhouse, they have the upstairs, we share the middle - our rent is only 900/mo per couple. And way better than living with random roommates.
You guys are so lucky to have each other
It's great to have couples that work as a team as opposed to working at getting the most they can from each other. I've seen extremely toxic relationships.
Y’all need to buy a house and house hack it. Your sister does too. Rent gets you nothing. No return. No equity. You are paying for nothing.
Just my thoughts.
@@CoffeeAndBusiness We do not have a desire to own a home together. My fiancé and I are currently saving for a house and his sister and her husband are as well. Our timeline is ~2-3 years. Also, my in laws are literally next door which is a God send for their daughter and our son who is coming any day now. Free daycare. 😊 We are living the dream over here!
@@KC-dr3cg We for sure are!!!
Idk, I thought $25 an hour for my first job was crazy good. Then I realized after taxes that’s like 41k. It disappears quick, especially with high price rent ($2000 starting in my area)
It sure does, and once you take out healthcare deductions, that $41k drops down to $35k real quick.
Geez. How much do you pay for healthcare?
@@tduck828 healthcare is expensice, I pay about 500 a month.
@@mrpiceno wow. I only pay $100 a month. That's insane.
@@mrpiceno I pay $270 a month for family of four.
This is why I disagree with the Ramsey strategy. They do not really put things in the real world. They put things in their world were they make more that $25 an hour. My husband only makes $22 an hour as a sheriff deputy for one of the bigger departments in our area. If we had to live just off his income at bear minimum not including a house note and not eating out we would could survive. Let's look at the reality of things, We have a cheap house note under $1000 a month. One vehicle paid off, the other is a used vehicle with a note at around $500. But even if we did a used note at 350, after you pay for the necessities in life; auto insurance, electricity, water and then your groceries and then we go for the fun stuff in life internet, TV and cell phone. If we lived just off of his income of a whopping 2600 a month we would have somewhere around 50 bucks at the end of the month. Note: gas was not included. The guy in the video has a valid point.
Yep only makes sense!!! Reality is people have to have expenses that are less than their incomes otherwise nothing works!!!
Truth. Considering every call to these people is make more money to make your life easier.
@@nicholasbaker2904 False, the statement "make more money" only comes when and after a solution to live on less than you make doesn't work. The Ramsey strategy works and I'm pretty sure @adriennerimes6846 hasn't thought of everything in their budget. Let's be honest, you have items that you won't sacrifice.....
Yeah we're in a recession and these guys are acting like it's 2004
The national median rent in the US Oct 2022 is $1,883. Of course there are cheaper areas but salaries and cost of living are usually relative. I'd love to see these guys make $20/hr and survive on their own in a city where $20/hr is the median wage.
I thought the same thing, I wanna see these super smart guys try it!
Did you listen to what they said?
The national median is something you shouldn’t go by. The outliers like LA, NYC and other big cities shoot it up. I like in western new york area and I pay 500 (with a roomate) and my gf pays 625 by herself (in a rough area and a nice landlord that likes her). Having said that, student loans and everything else make it hard to survive on 25 bucks an hour
@@briankelly7978 median is not affected by outliers the same way that mean is, that is why we use it for this and income as well
They would get roommates..
I would rather work side hustles like crazy rather than have roommates lol.
I lived in my van to get away from roommates saving over 95% of my income. Lived in the Safeway parking lot. Sink baths at the gas station restrooms.
And yes I did spend time down by the river.
Me too.
It’s cute how they think roommate magically always pay on time
@@blackworldtraveler3711 it ain’t nothing wrong with that at all.
No grown man should have roommates
I used to think that $1600 per month in rent was crazy expensive….but it sadly has become the norm. I live in north Georgia currently and am paying that amount….even if I wanted to move back to Kansas (my home state), I’d be paying at least $1500 for something decent and safe.
It is. Don't let me these billionaire corporations brain wash you. "Normal" does not mean ethical or okay.
Funny, just did a quick google search and found two great apartments at 1300 and 1100 respectively in KC. Must be tough not knowing how to do research properly
@@rpggamemaker6684 Why did you use the word, "respectively?" How you used it in this sentence doesn't make sense. Also $1300 a month is only $200 cheaper than $1500 a month. That is not a lot of extra cash. The disrespect in your comment is tedious and unnecessary.
We are a young family trying to have more kids. We can't just "GET A ROOMMATE!" I'm not sure anyone wants to be our roommate knowing that we are in the next room trying to make more babies who will scream and wake you up at all hours of the night.
Unfortunately rents are insane and buying a home is way too expensive right now.
You're not stupid. The world is stupid and this situation we are all in is pathetic.
My house payment is $575 a month. I can't imagine paying over $1000 to rent a place.
I see both sides of this. On one hand, theres always room for people to cut their expenses and quality of life to actually save up their money. However, I think that the “system” tries its hardest to break people. You can ditch your car note, but how will you get to work in a city or town with poor (if any) public transit? You can live with roommates, but what happened to all the affordable housing? You can stop eating takeout, but groceries cost almost as much these days. The problem is both: poor governance, there’s very little wiggle room for people nowadays; and the culture of consumerism which sucks up peoples savings.
You can ditch your car note and buy a reliable used car with cash. Groceries and cooking at home are still way less than eating out.
@@linuxsurfer2002 u need at least 5k cash for a reliable used car, which most middle and lower class people simply do not have. Theres research that shows most people don’t even have i think 3k if I remember right for emergencies
@@linuxsurfer2002 sorry, with what cash? Easy to trot out that line but not everyone can afford to do that.
I'm not worried about the margins of a responsible, sacrificing person who makes $20/hr. I'm worried about the margin trend since 1990s.
70s for me
@@TheMordenL1fe My parent's/boomer generation made more than me~
Eh, wages could be higher. Period. And people shouldn’t have to have roommates. Roommates can come with a wholeeee score of problems. It’s nice if you can have one you trust.. a sibling, a long long time friend. But with the way the world is now people aren’t rushing to shack up with just anybody. Entry level apartments and homes have all but disappeared and I take more of an issue with that than peoples budgets. The cost of living and wages (for many Americans, but not all) don’t match. End of story.
Exactly!!!! I do not feel comfortable in today's climate shacking up with a stranger to get by.
$500 a month for groceries for a person is too much. I spent only $200 per month and I ate just fine. Fresh food and everything
In what city/part of the country are you spending $200/mo. if you don't mind answering?
@@markmanea302 The Mrs and I allocate 300-350 for the month for both of us in SW Ohio. You just have to actually go buy groceries.
@Mark Manea
Same amount for me in central PA after inflation. Even before high inflation, cost of dairy and produce was always high here.
We set our budget to 700 for two adults, toddler and baby
For one person definitely! Wife and I would budget $125. Once we cut out buying snacks/processed junk and drinks (alcohol/juices) we would be spending average $90 a week and we’re in San Diego, Ca.
That guy is telling the truth, especially in costly cities.
He is American, so he cannot be telling the truth.
I live in the Chicago metro area and this is sadly accurate.
Yes he is I'm in Cali ,there's like 10 people living in one apartment just to make it and it's everywhere,I love this show but this doesn't make sense
I keep getting denied for rentals for “not enough income”. My job pays 23/h
Yep
That is terrible dude. What the fuuuuuuuuu. Is this a city?
Rent someone's downstairs? I did that in Seattle for two years
@@jorjito5587 20 years ago 23/h could get a loan for a house. today 23/h is only enough to cohabitated with another family. something's not right
Craigslist my guy
It always drives me crazy when someone talks about the "average rent" without saying for how big an apartment. Rent numbers are completely meaningless without that information.
People typically say "avg rent of 1b apt"
Also, society isn’t designed for individual people to just float around without attachment to anyone. Most of human history, you either struggled, or there were two people earning money in a household.
You know what two people earning $25/hour in a household is? Over $100k in annual income.
Move to California and get that fierce kick in the balls from landlords
I mean most apartments are one or two bedrooms and similar sq footage…
Low IQ tiktok. Just ignore the details!
What makes me upset is I make $20 an hour and everytime they want to raise the minimum wage my standard of living goes down. I wish instead people were paid what their worth and not just a blanket amount of money.
You should look for a better paying job
Literally right there with you my friend
@@Yandel21ableify You don’t think the guy has already tried that? I mean I know I have it’s not that simple….
@@Kyle-zb4pd Now a days you need a full time job and a side hustle(Uber, Doordhash, Instacart o selling things online).
@@Yandel21ableify which to me is evil
500$ groceries for a single guy shows 🤣🤣🤣
Twenty-five dollars per hour means homeless in California.
"What if you didn't have that used car payment?"
Translation: "What if you couldn't get to work to make $25/hr?"
What if you bought it in CASH when you got it? Not being able to do so is just poor planning.
I was just looking at used cars three days ago. Found some pretty decent ones for $2500 or less.
The problem with a total national average like this is the fact that living in LA or New York is vastly different from living in Nebraska. It should be looked at in a more micro scale
At one time my wife and I were making it with $15 per hour. She cooked at home and made my lunch everyday. It was what we had to do so she could stay home and take care of our kid. Now we make several times that money but our way of life hasn’t change much. $25 per hour is more than enough.
What year was that? Just out of curiosity, since $15 has been well above the minimum wage for a long time
What year was that…please answer that
And was that 20years ago? WHen everything was way cheaper.
@@tfries72 No one every say what year.
People always say they made less then that. But then you find out that it was decades ago.
@@jimmymcgill6778 lol more than likely
Living on $25 per hour is reasonably doable, if you live in a relatively inexpensive area of the country and don't have a family to support. It's tough if you live in an area like SoCal or NYC.
Well, there goes your freedom in the U.S. You should not have to restrict yourself to an inexpensive area of the country.
Part of the elites game plan to drive the united states population into the middle of the country and get most people off of the coast where most of the united states population live now ( squeezing everyone financially out of the coasts )
I'd add every major metro to that list, or at least most of them.
Can you survive on 25 an hr in an expensive place ? Absolutely, will it be easy or comfortable? Probably not.
@@wewhoareabouttodiesaluteyo9303 oh wow having to move somewhere affordable is such a burden. That is really oppressive, I bet the people growing up without food or water or growing up in slavery are just praying for us with how hard it is here in america, where you can’t live in the most expensive areas without making good money. Lord help us, I can only afford an $800 cellphone to complain on youtube comments where the rich people have $1400 cellphones. My life is so hard, I’m so opressed.
Family of four living on one $21/hr income in an average to above average COL city. It’s more than reasonably doable. Sure, we buy everything store brand or second hand (or pick up free on the curb) but we make do and we’re happy. Saying $25\hr is “reasonably doable” in a “relatively inexpensive area” sounds like you’re used to fairly high standards.
Unfortunately, I will have to agree with the guy in the TikTok. If you make $25 an hour or less, you will be homeless or require a roommate.
Meh, depends on location. I make around $50k, which is roughly that $25/hr mark. I have a mortgage on a small, modern home for $1150/month. Far from homeless.
I make less than that, have a $500 mortgage on a 3 bedroom 1 bath with 4 acres, quiet country life. Drive a newer car and go on nice vacations.
When I get a job that pays $15/hr I will be so grateful! I'm hoping in a year or so (with my associates) to be making $20/hr and that will be absolutely life altering. Right now, as soon as I get paid (twice per month) the money is gone by Monday. I work over 50 hours per week. I also have a side income that I do for 16 hours during down time at my main job. I considered delivering food as well, but I have no gas money. I don't go to concerts, eat out or shop. Heck, I can't even afford to do laundry anymore. I wash in the tub. My point is that "spending less" isn't always the answer.
Ramsey: we can cut down that grocery bill. Rice and beans beans and rice
Beans destroyed my social life 😂
@@waterheaterservices Good, saves you money, now you don't have to go out! You're on the path of self-reliance, rejoice!
You described my life~ Don't forget Tuna and Quinoa!!
I make quite a few quesadillas every week to go with the beans. Economical and very filling.
@@waterheaterservices LOL
I used to listen to and promote Dave's ideas. His ideas only hold water when we have sound money. We do not. Look at how Dave makes money. He doesn't use his own system. He leverages real estate to make his wealth. He doesn't work in a service industry. He works in social media. He isn't much different than a tik tok star. He sells the attention of his audience to make a buck. Normal people don't have this ability and never will.
Exactly
$127/mo for a cell phone? Sure, if you’re making payments for the latest and greatest iPhone in your plan. If you have a paid for phone there are tons of plans out there for $25-30 a month. Taxes included.
My tracfone plan costs $10 a month. The phone was around $100 online with coupon codes in 2021. It's not a bad android smart phone either. Holds lots of apps.
If rent is too high at $1600/mo and it isn't getting you a house, live somewhere else.
Expecting people to be able to pay cash for a good car is unrealistic. Especially for a young person or someone that is already struggling. I'd love to see the car that a young person is expects to be able to buy for cash.
I am 62 years old and have never paid cash for a car. I don't care what anyone say it takes a long time to save any amount of money for a car, any car.
I've seen very reliable Toyotas with 150k miles on them going for 4-5k used. Easy to save for if you get serious with a budget and 150k miles on a Toyota is just breaking it in.
@@KevinNordstrom I'd like to see where you're seeing that these days.
My little brother just got a used 2001 toyota car but with everything working for $3k. In 2017, when I bought my car, also 2001, i got mine for $2k. We live in Oregon.
@@albertwells8393 craigslist
And these two are taking what he said out of context.
They don't bring up savings or retirement or insurance, etc. into account. They don't take inflation into account.
At twenty an hour, that is 41k. Minus taxes and deductions.
@Jimmy, nope. They are spot on. It is you that is out of context. Mr. Scarecrow.
@@alinatamashevich3354 I told you already. I don't want to date you.
The thing that has helped me substantially is becoming more aware of how I'm spending my life. I've looked at what really benefits me, and what doesn't. What do I need, and what can I live without? For example, entertainment. It's always nice to sit down and relax with some Netflix. But is a necessity that I can't live without? No. I could easily just go read a book or draw. In fact, I'd rather do that because then I feel better about myself in the long run.
Yes! Or go organize something. The things you said were things I used to do in elementary, middle and high school when I was bored... Or play the piano, sing or write.
Or hear me out....Or you find ways to get what you want without paying for them. With Netflix it's sharing accounts, finding free streaming sites, or learning how to torrent.
You have a good point, cutting Netflix will most likely only serve you better. But it's like $12 a month. That's not going to get you rich. I could trim a few hundred dollars of spending but my family would suffer for it. Dave Ramsey is mega rich and he didn't get there by following his advice. He took massive risks.
@@Horsethief666 You can cut expenses without making your family suffer!
TV antennas & free streaming services work just fine. So does limiting eating out to once a month to make it seem more special. Getting the whole family involved in cooking and even growing some of your food at home. Shopping for 'new' clothes/toys/games at resale shops & yard sales & using the library for videos & books for entertainment. Going camping or to low cost/free events locally instead of to an expensive amusement park for vacation.
There's lots of ways to cut expenses while having an even BETTER time with your family if you're willing to put a little bit of creativity & effort into it.
We have worked 60-90 hours each week for many years to get out of debt and continue on our fpu journey. It totally pays off when you see others wondering why your so weird.
People don't realize that the short-term grind is work the long-term security. They just want free stuff and 'easy' living. Nothing worth doing is easy in life.
Sounds awful!
@@Blueskydaisy000 but there's nothing like reaching a goal and feeling the satisfaction and then you just keep working hard because you love it. You have to love your work as well. Most people don't which is so sad, but we love ours.
@@sbrazenor2 we know so many people who aren't working by choice and complain constantly about their finances. Then there's the others don't want to change their behaviors for just that short amount of time. I guess there just not sick and tired of it yet.
Yeah and when they cry about not having extra money for emergencies...well that didn't cross their mind when doing more important things like just dragging knuckles at home or just spending countless hours not doing anything productive.yeah ppl tell me I'm crazy for working much more than minimum but when I tell them my check amount they praise me as if ima throw them a few dollars their way...nope!!!!!
I remember making $1,500 month with a big $400/month car payment.
You could only imagine what happened.
Car broke down and I had a mini financial crisis. Live within your means
Sounds like ya needed a tent to save money
@@trailman20 lesson learned my friend
I'm not even sure who would've approved you.
Even if you do not have a car payment you still need to put away cash for a car. It isn't a 0 in your budget because you buy a car in cash.
Yeah, they pretend you can buy a reliable car for 500 bucks.
The man is not that far out of whack. $25/hr is the new $15/hr from barely a decade ago, except the glaring problem that adults earning $15/hr a few years ago aren't earning $25. People getting out of debt using the baby steps are earning much more than $25/hr in 2022.
Or they had smaller debts!! Dave and crew are being dishonest!!
My wife and I live off of roughly 15/hr each jobs. It’s possible. Were both college students and work roughly 30-40 hours a week. No parental support either. You’ve just got to be disciplined with your money. We would love to make 25/hr lol.
Wait tables. Take home cash everyday.
Or imagine you have health problems as you get older.
Or imagine you have health problems as you get older.
@@Quit3Cut3 that’s what insurance is for
Now imagine you have kids
$20 an hour is fine without debt but many think debt is a necessity unfortunately...
Lol $1659 for rent is considered now "cheap" in south Florida right now 🙃
Colorado joins the high rent chat. It's ridiculous.
I live in Central Florida and the cheapest rent around me is either the one bathroom studio apartments that are $950 and are nasty or the trailers out in the farming areas for about $1000 a month but most of those are for the migrant workers they put like 10 guys in each one its kind of crazy.
@@krystelhardesty9960 yeah Palm Beach here it is insane trying to find a 1/1.
I feel like they attacked this guy without giving him a fair chance to defend his data. I'm making $19.10 per hour and still struggling, but I'm just paying monthly bills with no extras and still living paycheck to paycheck.
Our wages will never keep up with inflation and the system is designed that way.
Making 25/hr in San Fran is different than 25/hr in Arkansas
Exactly.
I like how they don't even take that into account. They simply give blind advice.
These people always say no more then a quarter of your pay should be spent on rent or mortgage.
At twenty an hour. Where can you get an apartment less than 1k?
In a big city, probably not. Where I am, under 1K is the norm.
@Jimmy, it is not what you make, it is what you spend that counts.
@@sblijheid He was talking about averages. Not specific places.
Dubuque, Iowa. And that would be a two bedroom apartment in a building less than 10 years old.
@@jimmymcgill6778 Which you have zero clue about.
Honestly that spreadsheet of the cost of living is so bad. I was living at half or less of the cost of each line. Rent of $500/month in a beautiful house with roommates, $200/month on groceries, $50/month for ALL utilities (electricity, water, trash), $30/month cell phone with Google Fi, $0 streaming, and $0 on vehicle payments. All that is $1,100 compared to $3,300. Only a third of what this guy says! Cut your dang costs, it's not as difficult as people say.
Roommates are a temporary thing. I’d off myself if I had to live with someone forever.
Very few jobs pay well - most people are just surviving.
Okay, I make $18, I’m 21, I have two roommates and we each pay $850 which covers our rent and bills. Despite not having a car yet I have enough money to breathe. Relax. I used to have that guys mentality until I started thinking logically and figuring out how to budget properly. Uber costs me $400 a month, but I’m grateful it’s just that for now.
Your still young
$400 a month is a nice used car payment.
@@Ghost_2366 yes but there's gas, insurance, maintenance on top of that. Try a lower payment.
Ur Uber per month is doable
The guy on tik tok isn't off. These mainstream shows have literally no idea what the average person goes through in life. For example you can screened properly and yet still end up with a deadbeat roommate with other issues as well. The original host for example came from a wealthy family to begin with.
Total Bs. Making $25 an hour is barely enough to scrape by in most cities. The wife and I make over 30/h each! We still have to watch the budget closely.
Most employers pay very little so the only way to level the playing field is to live debt free.
ahh.."what are you willing to do" excellent question! my lifestyle choices: no tv over 20 years flip phone basic Internet paid cash for used car small intensive garden grow, cook & preserve food entertainment: library parks conversation free local events meditation volunteer work *living well on less wages: $17/hour warehouse worker debt free My life is full of extraordinary ordinary moments. Thanks to everyone at Ramsey Solutions for doing what you do...teaching people how to achieve financial peace of mind.
You have an income problem
But I think the goal in life is to eventually not have to live like this. You could be making $50+ an hour and not have to worry about any of those things.
Sounds terrific 🤦🏼♂️
Living in the matrix
Right now a used car literally costs as much as a new one.
My daughter and her roommate make $26 COMBINED working full time and are barely making it. This tic tok is not out of line. These guys are just out of touch. And heaven forbid, the guy should spend $37 a month on a streaming subscription😂😂😂.
I make $22 an hour, $500 mortgage, own three cars and support my wife and kid.
Should have played the rest of the video. You cut it off as if he were another victim whining for a higher minimum wage, and that wasn't the point of his video.
Personally, I turn off the shower any time I'm not rinsing. It cut my water bill by -60%. So for 10 minutes standing in the shower, the water is probably only on for a total of 1-2 minutes.
Just a tip for people looking to minimize cost :)
My water bill has a fix rate of minimum $22 I always pay the minimum so your tip is pointless for me
I do this too in the shower. Even at the sink. I don't pay my water, my landlord does. I think it is just the right thing to do
I just stopped bathing entirely
@@reesercliff 😂😂
@@reesercliff Just get a cheap GYM membership let them pay for it
I've moved around a lot to LCOL to HCOL locations and that rent is pretty spot-on nowadays. They also said so themselves that the vehicle payment is lower than average so he was being generous. One thing he didnt factor was health insurance which unless you have decent benefits can be $400/m for an individual.
@@MicheleNichols2 I have looked into cost sharing programs before but some didn't have favorable reviews. I get pretty good coverage through my wife's work but I will keep those in mind in the future.
Regarding the car, even so, you'd have to save up for the car. So if you don't have the money saved, you have to start now by putting an equivalent amount into a fund for it.
Why I'm glad I learned from a past boyfriend how to buy a cash car. And I pretend I have payments and put that money aside for repair. 😁
@@muzerhythm2242 Most ppl kno this but life happens and some can’t put aside that money anymore
and there ARE other ways of transportation - electric scooter, trains, buses, bicycle, etc. THINK OUTSIDE THE BOX!!!
BUS BIKE WALK
@@grease58 None of those get me the 41 miles to work.
Anyone who has earned a four year university degree or higher in America should not be getting paid less than $30:00 an hour at a minimuim. It should go higher from there.
These guys are a joke, they make $200+ hour and want to shame a person saying $25 is really breaking even or going into debt. Even out of debt, $25 hour with all the crazy taxes is not much money. Maybe if you debt free, single renting with roommates and ride the bus. Now both parents are working long hours stressed out, the kids are being raised by strangers. Then you wonder why we have so many mental health problems. With inflation and interest rates where it is now you need to be closer to $40 for one parent and $20-$30 for the other. Their answer is live in a carboard box in the streets with your family for a few years and save up.
Our income and expenses are similar except we pay $700 rent for a nice trailer which is SUPER cheap and I’m very grateful for but we still are struggling. It’s definitely tight but doable. And we are trying to nix out some debt right now so it’s even more doable and we can finally get somewhere.
set your budget and follow it!!!you will feel much less stress in no time!you got this!
You go girl
I worked $11 when I was 17. I’m 26 now, making $30, and I still haven’t completed my undergraduate yet. I was determined to make more and I did. You don’t necessarily have to be formally educated, you just have to be determined.
What job do you have that pays $30 an hour and where do you live? This is encouraging because I decided not to take the formal education route.
Ramsey wants you to be poor and like it.
1:42 Mortgage $1,425/month piti; cell phone $18/month; streaming $16/month; I have no vehicle payments; The other expenses listed are pretty close to mine.
Finding a roommate that isn’t a complete pig and doesn’t steal from you is almost impossible. So glad I’m old and married and past that point.
Are there any Americans that aren't complete pigs?
Same here. I can't live with others. There's always something that goes wrong, even if it's with a family member.
So true! I did the roommate thing, also rented rooms in larger houses, lived in local hostels to save money, crashed on couches, etc. It was a nightmare and not worth the cost savings. From roommates being slobs, stealing my food and toiletries to where I couldn't keep a single thing of my own in the bathroom or kitchen, or bringing a bunch of people over at 3am and blasting music when I had to get up early for work, to one guy beating his young daughter and I had to call CPS. People are vile, and if you try to talk to them about these issues they act like you're the problem. I will never have another roommate ever again. If housing gets too expensive, I'll just live in my car, thanks. Done that before and I'm not afraid. 💯
Yall are out of touch. 25 an hour will make it hard for many people.
If I had to pay 127 a month on cellphones I'm doing many things wrong
Lol $1600/mo on rent sounds like a dream try being born and raised in San Francisco where rent is $3500-$4500 a month for a run down Victorian apartment lol
I lived in the SF Bay Area for years. Yes, if you want to live in the city, that will be your cost of living and then some. But you can live in Hayward or many other towns in the East Bay for half that. Other options are places like Pacifica, Walnut Creek, Daly City. We even lived in San Mateo for an affordable price by living far from the town center and taking an apartment with fewer amenities. It was common to commute 1 hour to work to afford to live in the Bay Area. It stinks, but it's reality.
@@kristencampbell5533 yeah exactly and half of $4000 is still not particularly cheap. I’m all too familiar with the one and a half hour commute each way pretty tough on the Wallet in regards to gasoline & parking as well and Bart isn’t cheap either.
I like how you bring up idaho, which has become very expensive to live. Here in North Idaho a 1 bedroom apartment starts $1400 to $1600 a month. 10 years ago it was affordable.
I live in the Midwest and I could work 30 hours a week at $25/hour and still pay my bills
Our household does ok on my husbands income which is similar to this wage. We were doing pretty well until gas prices were so high that we were spending more than our mortgage on gas for our vehicles and losing a hundred dollars or so every month because of it (rather than saving). So my husband bought a cheap little motorcycle and drove that to work all summer 🤣 saved a couple hundred bucks a month!
Hopefully he will get his journeyman (and a 20% raise!!) soon so we should be able to sell the motorcycle and he can drive his truck again.
Jeez, how far do you live from his work? I'd consider moving closer, gas prices shouldn't cost you that much.
I don't see where they got $730 a month for a car payment. It was $400 car payment, $130 in insurance, and $200 in gas. If the car was paid off, you still have to pay insurance and gas. Lets say you saved up and paid for a car , didnt have the $400. You would need $19 an hour assuming your car never breaks down. Rent does seem high though, but that depends on the area.
My calculations are not accounting for saving for retirement. If you add in 15% retirement savings, you are basically right up to $25 an hour. Tithing at 10 percent? You can take that out of the $500 a month food bill, but then you are down to $8-$10 a day in food
I don't think their tone is appropriate considering his numbers aren't as bad as they make them out to be.
They are always going to say it’s behavior and not an income or high expense issue. They make money by selling a system so promoting that system is in their best interest.
@@donaldlyons17 right on. I just think their premise here is off base. I am all about staying out of debt, but they are being inaccurate in their assessment here. Specially because 15% retirement savings directly offsets the car payment. Is rent too high in his table ? Sure. So lets factor in some health insurance.
The guy in the video isn't wrong
I’m making roughly $12 / hr, live right outside of Nashville, and saved enough for a house downpayment. People CHOOSE to buy a brand new car and have a car payment, CHOOSE to go to school and take on student loans, you CHOOSE to not have roommates and spend $2000 on rent.
Unpopular opinion- that guy on the TikTok is more accurate than these two who truly have no idea the new cost of living 😊
How am I raising a family of 6 with 31/hr? How is that possible if you are correct?
@@allforugodprobably pay check to pay check? Idk lmao this was 9 months ago not even sure what this video was about anymore 😂
@@drinkingted3bear744 I don't. My "unpopular opinion" is you don't know what you're talking about then or now.
@@allforugod lol okay sounds good.
Lol I’m at 25.60… barely can get by. Trying to save for a house. Thankfully my husband makes much more, but we still struggle.
Buying a home in Idaho is not cheap anymore 😂