We Make $190,000/Year and We Live Paycheck to Paycheck!

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[ErikMore]

People say that the system is broken but if you make 190, 000 and you can't pay your bills that is a you thing.

[miltonzinn]

As a single dad with 3 kids, when I heard $3000 a month for FOOD alone, I was floored. That’s 75% of my take home pay right now. Y’all are eating good in the neighborhood

[jimmymcgill]

They car is only12k. With 3 kids, I would not sell it. They don't have an income problem, they have a spending problem.

[MichaelJones-rnpq]

This is a DISCIPLINE problem. Anyone can set a budget. The payoff comes when one sticks to it.

[tjlift]

I have a hard time feeling Sorry for someone that makes 190k and is living pay check to pay check

[davinasquirrel]

OMG, with $190k pa, I'd be set for life, not paycheck to paycheck. I cannot even remember the last time I ate at a restaurant, the biggest treat was take-out pizza. And this guy is an accountant. Blows my mind.

[fishinimpossible]

“Miscellaneous items” should not be in your vocabulary if you’re $220, 000 in debt

[Beloved_Boahemaah]

This would have been me in 5 years if I didn’t watch this and every other DR video on this channel. The Ramsey team is a huge huge blessing. 20% head knowledge, 80% behavior.

[thanthien]

My CPA said, she had seen many of her clients made 500k /year but when the tax came to due they didn't have enough money to pay for that. Doesn't matter how much you made but it depend on how much you spend.

[rachelelizabeth]

Eating out is not grocery money, it's eating out money. You need to keep the two things separate in the budget.

[bedi]

My husband and I make $180k now. We have the freedom that we worked towards. Our one decision that made this possible ' no lifestyle creeping'.

[NYNC]

They've been completely irresponsible. With that income, they should never need a car loan and should have no debt except the mortgage.

[gtb]

We left college in ‘93 and made just short of $70, 000 combined that first year. The income grew to over seven figures until we retired. Never once (and even now) did we “feel” rich. Everything we made went to savings or extra payments on the house. No jet skis, boats or lake houses. We did vacation a lot, but still used miles when we could and slept at middle of the road hotels/resorts. It’s like Dave has always said, “live like no one else, so you can live like no one else.”

[jsy]

Holy crap. How does a family that makes $190, 000 a year only have $1, 000 in the bank as an emergency fund?!?! Crazy. That would give me so much anxiety.

[aaronciha]

It really does amaze me how someone who makes this much money is living paycheck to paycheck. They probably don't need half of the things they buy.

[ohshebudgets]

I’m so happy I learned how to budget on a low income! Even with the increase in income I’ve continued to stick to the same budget that has allowed me to live within my means. I have so many friends and family who are struggling with their finances and it breaks my heart. Not only because I can freely help them but it’s the discipline they lack. People are really struggling with FOMO and trying to keep up with the Joneses. 🥺

[IrisP]

We currently make a bit more than that and live in California in a high cost of living area.
We have a baby with medical issues and never had medical debt. We are responsible with money and were able to pay about $20K out of pocket when my husband was a contractor and we purchased our own private health insurance. To hear that they don’t have enough money and have medical debt is mind blowing. They need to sit down and write a detailed budget. Track it on a budgeting app. Stop eating out constantly. Eat out once or twice a month.
Put more in savings and invest.

[YoPhocFays]

This is my brother.
From 30k/yr early in life to now making 200k/yr and still paycheck to paycheck.
Income changed, but not the spending habits

[bestservedchill]

Tomorrow I start a new career. In the last 2 years, my wife and I have gone from a combined income of $95k to $125k. We still only live off of $75k, which allowed us to save $50k in 2023. This year we will jump to $140k, and we still plan on living on $75k. The sky is the limit when you follow the baby steps, not allow for lifestyle creep, and work hard to increase your income. We spend the same as when I was working at a grocery store and she at a non-profit. Side note: we payed off $85k of student loans, credit cards, car loans, and personal loans, before we could ever start saving at the rate we are today.

[veronicas]

This guy doesn’t need to be gifted the app, he literally knows how to do numbers better than anyone (and has enough money to buy it himself!), he needs to make a decision that he wants to get out debt. That’s all. He obviously doesn’t want it bad enough if they keep going out. And $3k equal $100 a day. You could get $5 biggie bag at Wendy’s, pizza etc., and still save while “eating out”. He’s discouraged without really trying. He should come into our world- the people making $65k with a family, giving up everything just to inch into financial freedom. Sell the car, pay off everything but the house. Then hunker down for a little bit and knock out that house with that great income. Save the free apps for the truly struggling please. You guys talk about the student loan forgiveness promote laziness, what do you think this does for the wealthy?