Originally Posted by
Kathandira
I make 63k a year, my other half makes 30k a year. Between the two of us, you'd think we'd have plenty of money to throw around. But we live in a state that has one of the highest costs of living in the country. We also both have student loan debt, and car payments. That is along side of the typical bills such as insurance, phones, internet, food, and other living expenses. In the end, we are able to save money, but don't really have enough to put towards investments.
With all of that in mind, we are in better shape than the majority of people we associate with. If we had our incomes and lived in a cheaper state, we'd be able to do a whole lot more with our earnings, but it sadly all comes down to where we live.
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If you live in a very expensive place, paying rent, and are living paycheck to paycheck, uprooting and moving a cheaper place may simply not be an option. Being financial trapped is a real thing that many are stuck with.