chatilliononline today!
chatillion
Boca Raton, Florida, USA
Oct 2022
679 Views
4 Comments

She makes $350K a year and lives paycheck to paycheck...

I'm reading a story on Market Watch redirected from Yahoo! Finance about a woman who cannot get her finances in order. Her gross salary is $350,000, she's got $88,000 remaining in student loans, $170,000 in car loans and a mortgage of $4,500 a month.
Her question is "Do I need professional help?"
My answer is yes... but not from a financial advisor... Lady, you need help from someone with a degree in mental health.

Before finishing the story, I jumped to the reader comments to see what the other readers thought about this woman's situation. I'd say she wasted money on her education... they didn't teach her common sense.



Links:

https://finance.yahoo.com/m/b1a05894-517c-30ae-9af0-f56bee1af30d/%E2%80%98i%E2%80%99m-paycheck-to-paycheck-%E2%80%99-i.html


https://www.marketwatch.com/picks/im-paycheck-to-paycheck-i-make-350k-a-year-but-have-88k-in-student-loans-170k-in-car-loans-and-a-mortgage-i-pay-4-500-a-month-on-do-i-need-professional-help-01664544530?siteid=yhoof2
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Comments (4)

FargoFanonline today!
FargoFan●sydney, New South Wales Australia
Oct 3, 2022●3 Blogs●1,859 Comments
#1
Doesn't make much sense - 170k car loans is pretty absurd and costs almost as much per month as the mortgage. With say 18-20k net after tax per month, 4500 is modest mortgage, but 9000 is excessive - what gives with the cars! Buy a bicycle and sell one car
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ChesneyChrist
ChesneyChrist●Manchester, Greater Manchester, England UK
Oct 3, 2022●1,393 Comments
#2
Although it could be worse she could be my girlfriends mum who earns a fortune but can't even drive. Where does all the money go? Scientists don't know the answer to that but I see the same dynamic of a person who tore themselves from nothing and in the day to day spends everything.
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Didi7
Didi7●Central, Chaguanas Trinidad and Tobago
Oct 3, 2022●122 Blogs●670 Comments
#3
If I had her incomewow, I wouldn't have those problems. One needs to have a healthy respect for money, and be good with budgeting one's income. Sadly, she doesn't seem to have those traits.uh oh
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JosephMallia
JosephMallia●Zejtun, Majjistral Malta
Oct 3, 2022●2 Blogs●102 Comments
#4
Respect for money? Respect for the back (your own) you've broken earning it alright, but certainly not for the money imo. The mafia dons, Donald dump and many other losers have plenty of money but zero respect.
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chatilliononline today!

chatillion

Boca Raton, Florida, USA

I have an amazing ability to sniff-out bogus profiles...
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by chatillion
created Oct 2022
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Last Viewed: May 1
Last Commented: Oct 2022
chatillion has 1,885 other Blogs

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