And he lives in a place with a comparable cost of living. Yet he’s struggling.
It makes me wonder what we are all doing differently.
He can barely afford a one-room apartment with a roommate. I bought a house. Granted, it’s a small house, but it’s still brick and on a small bit of land.
He works 60 hours a week, so do I.
He can’t save money, yet I was able to send my children to college (debt-free), to donate to charity, save enough to have a comfortable retirement, and indulge in a rather costly hobby.
I don’t know what his total bills are, but mine average (with mortgage, gas, electric, water, internet, and phone) about $900 a month – or just over 2 weeks’ pay. Food, gasoline, insurance, vet bills, pet food, and other expenses round out the third week’s pay, leaving one week’s pay to bank and play with (now, anyway – before, it was used to pay college expenses for my kids and to bankroll my daughter when she wanted to start her own business). Not a lot, I grant you, but over time, it does add up. Any bonus money (gift money, windfalls, garage sale money, collecting and selling aluminum and recyclables, selling stuff on craigslist, etc.) gets banked with it.
If he’s splitting expenses, he should actually be in better financial shape than I am.
So what are we doing differently that he’s struggling on the same wages I’m comfortable on?