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Preview: Comments on SerandEz & Friends: Jewish Economics - Getting Started

Comments on SerandEz and Friends: Jewish Economics - Getting Started





Updated: 2013-06-25T09:05:38.343-04:00

 



hello rendez vous sur jewisheritage.fr a bientot

2007-07-09T03:22:00.000-04:00

hello
rendez vous sur jewisheritage.fr
a bientot



Not to get you too depressed, but...When we first ...

2007-05-21T12:37:00.000-04:00

Not to get you too depressed, but...When we first got married about 5 1/2 years ago we got by on around $30,000, added another 10 with the first child and it has been up from there. Now, 2 kids tuition, baby sitter, house, insurance, mini van, shul dues ect. we are looking at mid $100s and it only goes up from there. If together a husband and wife aren't earning $150,000 (low end) with 3 kids in Yeshiva and living in a house they are in big trouble and the costs are only going up. We just found out that tuition in our kid's yeshiva is going up by $1500 next year. It is a huge problem. Better financially plan now and put AS MUCH into savings as you can becuase you will need it in a few years from now.



The Apple - A lot of people don't. The ones who do...

2007-05-21T10:48:00.000-04:00

The Apple - A lot of people don't. The ones who do? Great planning, smart spending, wise saving.

Shoshana - That last line is oh so true. The rest... I think (as with SL) that older singles spend substantially more than younger ones. Not only because they can (better jobs) but because they are more settled, live more independently, and in general live a 'better' lifestyle.

G - :::sigh:::

Rescue - Agreed. Yet another reason to move out of NYC. :)

Trilcat - There are many. And the longterm plan is to do so. :P



I've heard of people in the NY metropolitan area w...

2007-05-20T07:24:00.000-04:00

I've heard of people in the NY metropolitan area who are literally not making it on a six-figure salary...

Fortunately, you can move to Israel. Tuition, food, and housing are much lower. If you can tele-commute to your American job, you'll be living pretty well.

If you have to make it on a local salary, at least your veggies will be tastier ;)



not to dishearten you, in a few years when IY"H yo...

2007-05-19T23:26:00.000-04:00

not to dishearten you, in a few years when IY"H you will have anotherkid or two and start with schooling, expect the need in the low to mid $100's to live semi confortably in the NYC area. There are always areas to cut but if you want to live without second guessing almost every purchase, that is what is needed in this area.



What's the big deal, can't everybody just live lik...

2007-05-18T08:49:00.000-04:00

What's the big deal, can't everybody just live like regular people? Just get a regular job with a regular paycheck, see...no problem.

http://blackvoices.aol.com/blogs/2007/05/03/day-4-looking-back-at-the-cosby-show/



I'm actually surprised that the number is so low. ...

2007-05-18T08:19:00.000-04:00

I'm actually surprised that the number is so low. As a single who completely supports herself, and lives alone, I do know how much it costs to be able to afford to live, and honestly, I think I will be in a better situation when I get married because (I would hope) a combined income would just help things out. Yes, some expenses would be greater, but I also think some will go down (for example, I doubt I will go out to eat with my friends as often when I'm married as I do now, which is way too frequently). In general though, I've always found it amazing on how far I can stretch my money when I need to, and conversely, how much I can spend if I have it.



This scares me. My parents are always warning me ...

2007-05-17T21:43:00.000-04:00

This scares me. My parents are always warning me that living on your own is more expensive than I can ever predict, and it seems that they're right!

How do people do it??



Stam - Yet even more of a reason. :)HH - I think t...

2007-05-17T20:27:00.000-04:00

Stam - Yet even more of a reason. :)

HH - I think that's true, but the only way people can have a chance when the time hits is to have an idea of where they're at before that.

SL - I think there's definitely a difference when you get married later - not only are you more accustomed to living a bit "better", you have more money saved up and a better grasp on finances in general, particularly if (as in your case) you've been on your own.

Interesting and good list - thank you.

The tax bracket point is interesting; most people get married around when they finish, so they don't even know anything about brackets. But they find out rather quickly when they only get 60% of their paycheck. :)



We probably had the opposite situation of most cou...

2007-05-17T19:10:00.000-04:00

We probably had the opposite situation of most couples. Instead of finding that we underestimated expenses because we only added our current expenses together, we cut our expenses.

But, we were on the other side of our twenties when we married and had each been living on our own (i.e. no roomates) for a number of years and working.

The expense that went up in combination:
*Food (Making our own Shabbat dinners and hosting guests). On the flip side, I've actually lowered our food and drug store purchases 2 years in a row despite increasing the number of diapers bought. I'll write about how I've done that sometime. But, I'd consider our food almost a wash.

*Medical: I think we get sick more often and needed family insurance right off. We pay a pretty penny for this.

*Life Insurance: Didn't have a need for this before we were married. Now it is a must.

Expenses that went down in combination:

*Telephone Line-only need one line (we aren't cell users).
*Entertainment/Dining Out-We have each other and we don't have dating expenses.
*Gas-My gas expense has remained the same as a married person, even though the prices have went up. Guess this falls into the category above. Now that I'm married I can just stay home.
*Car insurance (married driver discounts and my car just got older, may it live to 120).
*Housing (only maintaining one residence)-although my former residence was less expensive, oh well.

And. . . . . . we entered a lower tax bracket as a married couple and my husband was able to take the student loan interest deduction to AGI which he was phased out of before. (Fortunately, student loans are a chapter from the past).

But this doesn't mean I don't think most singles aren't in for the shock of their life. Just hoping to bring a little happiness to the discussion. :)



I know we are all screwed, but I am a bit older th...

2007-05-17T17:55:00.000-04:00

I know we are all screwed, but I am a bit older than you and I would have thought I would be in a better place (financially) by now.

And forget it guys, I don't even think ANYONE really grasps their financial situation until they start paying for school. There are building fees, banquet fees, trying to complete your scrip responsibilities or you get charged. Then you got those annoying things like engine problems in your car (if you own one), or in my case, owning two. And ofcourse, not realizing that medical insurance keeps going up and up every year.

I would never have thought to factor all this in.

aaaarrgggggghhhh, now Im depressed.



I'm not trying to deny the facts, i know they are ...

2007-05-17T17:21:00.000-04:00

I'm not trying to deny the facts, i know they are true, it's just very overwhelming to think about, suffocating even...



HH - It shouldn't. Everyone else is just as screwe...

2007-05-17T16:58:00.000-04:00

HH - It shouldn't. Everyone else is just as screwed. :)

Stam - That's why we need to TALK about them!

Nephtuli - Agreed. I'm not even up to setting up the apartment... I'm starting off with people's original perceptions. Also agree on how often going to the in-laws, feasibility of guests, how many guests (some people simply can't have more than a couple or two even if they want to), etc.

A lot of people have lucky apartment situations, or paid for apartments, etc. Those people will generally have an easier time staying ahead anyway, so this doesn't apply to them as much in the first place. But for an average 'on their own' couple, hopefully this will be a good tool.



agreed with HH.... please don't go there.... most ...

2007-05-17T16:17:00.001-04:00

agreed with HH.... please don't go there.... most of us have enough money issues as it is



In all honesty, I haven't run any numbers and we p...

2007-05-17T16:17:00.000-04:00

In all honesty, I haven't run any numbers and we probably pay a lot less than the average couple because of our lucky apartment situation (even though we have a car).

It also depends on how much the couple goes to their parents (which brings down costs) and whether having guests is feasible (we don't have a lot of Jewish couples our age in this area, so we have less guests than someone living in KGH or the Heights).

But one important factor is how much is spent to set up the apartment. If the couple decides to spend big bucks on furniture, then that will add up quickly.



I have a feeling this series is just going to end ...

2007-05-17T15:25:00.000-04:00

I have a feeling this series is just going to end up depressing me.