Re:Ask HN: How do I start feeling secure financially as a te...
by ibz on Monday November 14, 2022 @03:52AM
(#33591608)
Isn't it healthier to think about how you can make more rather than how you can spend less though?
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Re:Ask HN: How do I start feeling secure financially as a te...
by tester756 on Monday November 14, 2022 @04:42AM
(#33591883)
"Healthier"?
Depends. If you can stop spending on some irrelevant shit, then I don't see it being more healthier.
If you have to stop spending on better quality food, then yes.
Either way: why not both? earn more and spend less :)
Re:Ask HN: How do I start feeling secure financially as a te...
by bjohnson225 on Monday November 14, 2022 @04:24AM
(#33591781)
Depends on a case by case basis. There was an article posted recently which said that 1 in 4 people earning >$200k live paycheck to paycheck. It's very easy to succumb to lifestyle inflation and not improve financial security despite higher pay.
Re:Ask HN: How do I start feeling secure financially as a te...
by comprev on Monday November 14, 2022 @04:00AM
(#33591657)
When you have zero income the aim is to spent as little a possible.
How many celebrities, pop stars and lottery winners ended up bankrupt after earning/winning millions?
Re:Ask HN: How do I start feeling secure financially as a te...
by micvbang on Monday November 14, 2022 @04:11AM
(#33591722)
For most people making high wages in tech, I would guess that it's much easier to spend less than it is to make more. Not spending 100$ has the benefit that you'll have an "extra" 100$. When you make 100$ you have to split it with the tax man :)
Re:Ask HN: How do I start feeling secure financially as a te...
by acchow on Monday November 14, 2022 @04:25PM
(#33601346)
Then you gotta ask yourself a different question: Is it easier to spend $100 less or make $200 more?
Re:Ask HN: How do I start feeling secure financially as a te...
by digestives on Monday November 14, 2022 @09:10AM
(#33594109)
The risk with this is everytime your earnings go up, your expenditure follows suit. If your motivation to earn more is because you spend too much - that underlying reason isn't going away once you get that big pay rise unless you really look at how and what on you are spending your income on.
One of the most relavatory phrases that really got me thinking (and changing) is "live under your means".
Re:Ask HN: How do I start feeling secure financially as a te...
by jp42 on Wednesday November 16, 2022 @01:08PM
(#33627710)
I review my transactions on regular basis (once a month), using apps like mint or similar to see trends in each category, it takes 5mins. But I catch a lot of delayed payments, insurance companies increase payment, recurring payments that you wanted to cancel but did not, extra charges that you didn not recognize and so on..
These number catch up, simple review transaction is saves a ton of money.