50/30/20 The Financial Blog

2/14/25

New Blog series about becoming more financially stable

 Hello everynyan as someone thats pretty young entering the workforce and entering adulthood. Its really fucking tough out here. as me being lower class working in service work there is no way im making it to a more stable class level. so I reckon we could start with the audit

Currently I am Working 40 hours a week. at 12 dollars an hour. We are very short staffed which leads to me having alot of overtime.

I am very lucky to have low bills. Considering what car payments look like right now my mom is thankfully helping me with car payments so Currently its only 480 Every Month and 200 To my sister for rent. and 100 - 75  for Gas and about 100-400 quarterly for car Upkeep. But we are only worried about monthly for now. groceries are currently 80-100 and those are the Major Needs.

This makes my monthly needs 960  and Half of my monthly income is 960 with no overtime. but overtime can often add an extra 100 to my monthly income which is actually surprising.

I am taking steps to put more into my savings. Which Right now is 1,100 with 4% interest compounded monthly and 20 percent from that would be 384  with monthly contributions and Interest. My Savings could be up 3,400 in 6 months and 5,800 in a year. 

This leaves me with 576  for wants or 288 bi weekly. which for useless stuff is fine for me honestly but I would be scared to find im spending more than that. 

But my main goal right now is moving out. which would cost me 1,430 which is 88% of my income at the moment. what i would need to be making is 18 an hour. which means I'm not gonna be able to move out until I get my trade. but that would also mean adding on my possible student loan payments. but a trade job would pay alot more that just 18 so i would rekon it could cover it if i really need it. but also i could also stay home too.

so those are my goals at the moment. Just gonna have to swallow my pride and admit I'm gonna have to put months and months of work and financial planning to do something the past generation did fresh out of high school. it fucking sucks but i just have to nut up and fucking do this.