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Hi Fishes, How much money can we keep in our salary account? I have only 1 bank account which is salary account. I have created RD account in that only. So wanted to know what's the maximum amount we need to keep in salary account? And all the amount in our salary account is taxable? Accenture Tata Consultancy Infosys Cognizant Wipro Amazon Amdocs Yahoo Capgemini Citi
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👀👀👀 Where all my Phoenix consultants at?
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according to MIT living wage website .. living wage in phoenix for single person no kids is $25. thats with housing costing 1,466.66 per month without internet and phone. and data from 2023.
its almost comical. The companies complain about no one wanting to work and gov pats themselves for creating jobs no one is finding. companies paying ceos hundreds of millions laying off workers recording record profits… claiming if they increase wages for the working people it would ruin the economy and people would be out of jobs and inflation would soar (contrary to all historical data).. so they instead fight to pay people such low wages which they feel good about because theyre above the "poverty line" that hasnt moved in freakin decades… so average people have to get government assistance to make up the difference which means more government spending (the actual incontrovertible thing that causes inflation and then loss of jobs).. everything goes up but the median wage worker's (and below) wages and if you believe the gov then you'll add in unemployment / CPI .. The Math aint Mathin .. everyone feels it to some extent .. and we just keep waiting for problems to fix themselves like the fox can be trusted to guard the hen house or the junkie can guard the pill cabinet… surely someones gonna make it all better.. Elon maybe? .. (fun fact bout elon he can give away 1 mil every day for 1200 years and still be richer than you..) waitin on my checks still elon you owe me $47x3! and no .. do the math youre better off renting still.
Yes! Rent is just money out the door every month, and with the rates still relatively low, a mortgage might make more sense. It feels like it’s time to at least look into it!
There lots of things to consider, so it’s not always a no brainer.
Rent is the maximum you’ll pay to live in a home, and a mortgage payment is the minimum you’ll pay. Homeownership can be expensive given the many repairs you could have to (or just want to) make.
The New York Times has a helpful calculator which helps figure out whether renting or buying is the best financial decision.
Beyond money, homes are as much a consumer good as they are an investment. They are extremely rewarding and lots of fun to improve if you are that sort of person.
A few different opinions here I see so I think I'm gonna throw in a little. If you have the credit score to buy a home, build equity, etc. go for it. If you're in a situation like mine where you have debt, the choice is basically taken from you. One big plus side of renting is that if something goes wrong in your home, the landlord/property management takes care of it.
And $25/hr for a single person with no kids must be nice. I make 10 cents less than that per hour for a family of 4. It's the most I've ever made, and while my wife has started working part time, she can't work many hours due to health reasons. My kids are older and one has a job and does help with some bills, but it's just not enough. The last estimate I think I did in order for us to live comfortably without wondering if we will have food for the week, bills paid, etc. is about $4500 a month after taxes, we make just about half that a month collectively, and because checks are biweekly, half my check is gone before it even hits my account.