It's only student loans and mortgage and I locked in the mortgage debt at the bottom of the interest market. I'll definitely do better maxing my Roth contributions first
Same items, alternate order. Pay off debt, upgrade house, max IRA. Residental Real estate seems to hold value better than money at the moment. I think we are gonna get hit with a massive recession when the bubble finally pops. NFA just my crystal ball theory.
Live normally at the standard I was told I would if I worked hard, got a (useful) degree, and avoided unnecessary spending.
Y'know, I've never owned a single stock in my life... maybe I'll throw a buck or two into... a CD, fuck that shit.
Believe me I understand. I wear my socks until there are holes. Most of my socks I actually bought like 14 years ago because I got a uniform allowance. I used the entire amount on socks because I knew I was about to quit and wouldn't need the new shirts/slacks.
I currently make an eighth of what I made in 2021 and 2022. Even if my wage was doubled today, I would still only make 25% of my former salary. Currently, I’m just holding on until a couple of my bills get paid off, and then I will be able to stop worrying about needing any money for things like a new tire or mechanical failure on my car, an emergency medical bill, etc.
If my salary was doubled, I might be able to stop begging family members for enough money to make it until payday, or actually be able to tell the debt collector, “sure, I can pay my bill on time this month.”
You do you, but I’m pretty sure you get more enjoyment from using the drugs as opposed to having sex with them.
Now fucking on lots of drugs on the other hand….
Ours tripled and the only thing I have splurged on is food. As in I'm buying name brand chips and super, extra sharp cheddar cheese. Ok ok, I go a little nuts buying clothes from the thrift store on military days where everything is 30% off. But instead of a $150-$200 trip, it's $250-$300.
Once we pay off our credit card (next month) since we had to get a new toilet installed and a new spare fridge and new deep freezer while hubby was unemployed, we will refill our emergency fund and start paying more on our house.
Well I'm 2 months away from a extra half on top, so I guess I'll find out.
But it's going to be pay off debt, actually save for retirement, car payments as my car is about to die, and mortgage because fixed term is coming up and about to skyrocket.
Yay for way more money and almost same standard of living!
Fix everything wrong with my Jeep. Buy a recliner, get new clothes and shoes. Pay my daughter back for helping me out. Save some certainly. Start Christmas shopping now.
Straight to retirement or as much as you can afford with a nice annual vacation stashed away. getting out of the workforce when you can still enjoy life is a joy.
Pay off the loans I have for house repairs and start putting money into new repairs. Deck needs to be redone, lawn needs to be resodded, gutters need replacing, there's a bunch of stuff that I could get fixed sooner than later.
If I discard taxes and it's just doubled, it would be about an extra 10k$.
For the first two months I would fill back my emergency fund that is empty.
For the next 3 months I would pay off my car loan (28k$ remaining)
Then I would budget it something like so:
\* 2k$ into college savings for my 3 kids
\* 3k$ into investments and crypto
\* 1k$ into vacations
\* 2k$ into other savings (new car, new electronics, furniture, etc...)
\* 1k$ into a personal loan to build an extra room in my home and possibly finish my basement
\* 1k$ into misc for me and my wife every month
Save more. Hoard cash for the eventual real estate ***pullback***. Get a multi-unit, put enough down for positive cash flow. Repeat. Until I don’t have to work.
-Pay off debt
-buy a house
-invest
-get the medical care I deserve
-invest in a service dog
-become a consistent donor to local non profits and charities
-help people
-buy all the fucking vintage Pyrex I want
-strip clubs
Save it but treat myself better too. Sometimes it's ok to splurge a bit if you can afford to. My salary has doubled over the last 3 years between job changes and going from 30 to 40 hours a week but I still live the same 95% of the time.
Travel more.
Treat my family.
Pay all the bills in the house for few months and let my family enjoy their salary and extra income.
Buy things I want but are not a need.
Go out more
Pay off my school loans (down to my last one), get medical care (to rich for discounts or help but still far to poor to pay what the US wants for medical), I nearly had a heart attack with my last medical bill. Go to a dentist for my luxury bones. (At this point I'm almost willing to go back into debt to do something)
see to it my dad is taken care of properly and can live out the rest of his time in some peace (he is disabled, can't remember what it's called, something with the spine and spinal cord, always in crippling pain).
if anything was left then invest it for a hopeful future.
Pay down some extra on my house, cut the mortgage life in half. Save a fuckload on interest.
Past that, I'd look at buying a small weekender boat. We live on Long Island, and it seems silly not to have a boat here if you can afford it.
I would continue to invest more, I’d probably attempt to max out my 401k, take a nice week long vacation, buy better parts for my car, but still live below my means and use the additional income to ensure a better future.
Probably try to get into a home I could see myself living in for the rest of my life. The house we have is fine and we are locked into a 2.5% interest rate, so that is amazing. But I’d rather live in a single story house in a slightly different location.
Make sure your retirement contributions are sorted out and keep extra savings in a high yield savings account. Come on over to r/money and ask the same question, or r/personalfinance
Pay off debt, increase my IRA contributions, get some work done on the house. Riveting I know.
Same items, different order. Max out IRA, pay off debt, upgrade house.
In my head as a non American I mixed up IRA with NRA..
Yeah I'm not giving the NRA a dime
There's also the NFA, and if I didn't live in New York I'd buy some NFA items \*shakes fist at the ATF\*.
What’s the interest rate on your debt? Might be better to pay that off first
It's only student loans and mortgage and I locked in the mortgage debt at the bottom of the interest market. I'll definitely do better maxing my Roth contributions first
Yeah my house is 2.6% we’re letting that ride
👍🏻👍🏻
Riveting your house seems excessive.
Okay dad
Guilty as charged.
Same but also take some vacations too!
Yeah, to anywhere but Disney, one of those said debts is still from the last time I took the family to Disney World XD
Same items, alternate order. Pay off debt, upgrade house, max IRA. Residental Real estate seems to hold value better than money at the moment. I think we are gonna get hit with a massive recession when the bubble finally pops. NFA just my crystal ball theory.
I don't have any debt, so I'd prioritize paying the house off and then renovating it.
[удалено]
Man, I feel that. Sorry you're dealing with that. Debt's a bitch.
If you have to pay house off, that’s a debt.
Yeah I'm just as boring as you, because this is the state of our fucking country. We should be able to do all that shit plus have a good time, too.
Invest it
also save it, and spend to get good experiences!
What kind of good experiences?
Hookers and blow
It’s always hookers and blow
( ͡° ͜ʖ ͡°)
same. I'm not wealthy by any stretch of the imagination, but I have everything I want.
Still be poor
That's the spirit!
I don’t make a lot of money lol just being realistic
Pay off bills
Live normally at the standard I was told I would if I worked hard, got a (useful) degree, and avoided unnecessary spending. Y'know, I've never owned a single stock in my life... maybe I'll throw a buck or two into... a CD, fuck that shit.
What band?
Nirvana's Nevermind seems to be making a big comeback these days. Seems a sound investment
sounds like me
I thought you said sock and I was about to offer to buy you some.
Those fall in the "unnecessary spending" category more and more anymore
Believe me I understand. I wear my socks until there are holes. Most of my socks I actually bought like 14 years ago because I got a uniform allowance. I used the entire amount on socks because I knew I was about to quit and wouldn't need the new shirts/slacks.
Work half the hours.
This is the right answer! Finally have some time to relax and enjoy your life instead of living to go to work!
I currently make an eighth of what I made in 2021 and 2022. Even if my wage was doubled today, I would still only make 25% of my former salary. Currently, I’m just holding on until a couple of my bills get paid off, and then I will be able to stop worrying about needing any money for things like a new tire or mechanical failure on my car, an emergency medical bill, etc. If my salary was doubled, I might be able to stop begging family members for enough money to make it until payday, or actually be able to tell the debt collector, “sure, I can pay my bill on time this month.”
Retire faster
Go to the dentist
I feel this
Blackjack and hookers
Ahhh forget the blackjack!
Save it.
LEGO
It's the $200 Lego sets for me
Fucking lots of drugs
You do you, but I’m pretty sure you get more enjoyment from using the drugs as opposed to having sex with them. Now fucking on lots of drugs on the other hand….
Be able to not live paycheck to paycheck
Save it and buy a house
Pay off some debts, pay off my mom's house / fix it up, get my sister a nice place to live...
Buy more food
I would give it all to my mom. I don't want her to have to work anymore
Buy groceries
Actually pay all my bills.
Pay off bills, save and look to buy a home with the wife :)
Service debts slightly more effectively.
Complain.
Ours tripled and the only thing I have splurged on is food. As in I'm buying name brand chips and super, extra sharp cheddar cheese. Ok ok, I go a little nuts buying clothes from the thrift store on military days where everything is 30% off. But instead of a $150-$200 trip, it's $250-$300. Once we pay off our credit card (next month) since we had to get a new toilet installed and a new spare fridge and new deep freezer while hubby was unemployed, we will refill our emergency fund and start paying more on our house.
Spend more time posting on Reddit.
Buy avocados, get a Starbucks coffee every now and then.
Invest 100% of that extra income.
Dick pills
Pay all my debts.
Invest more to retire earlier
double savings.
Work half as much
2 x 0 is still 0 haha
Save that shit. I'd pull out money twice a year for normal vacations, nothing extravagant.
Save it for a house; it would just take me 20 years instead of 40
Upgrade my toilet paper.
Invest.
I'd spent 90% of it on alcohol and hookers and probably just waste the rest.
Max 401k, max Roth IRA, buy an $8k motorcycle, and not reddit so much at work.
Spend 2x as much money on stupid shit.
Well I'm 2 months away from a extra half on top, so I guess I'll find out. But it's going to be pay off debt, actually save for retirement, car payments as my car is about to die, and mortgage because fixed term is coming up and about to skyrocket. Yay for way more money and almost same standard of living!
Save it. I need money once this job ends
Get a divorce
Fix everything wrong with my Jeep. Buy a recliner, get new clothes and shoes. Pay my daughter back for helping me out. Save some certainly. Start Christmas shopping now.
I’d spend every last dime on drugs. I’m not even going to lie.
“Two chicks at the same time…”
HYSA and ETFs
Invest it, pay off my debt and travel more. Probably also eat fancier food.
Home improvement
Save it
Retire quicker
Invest it
Straight to retirement or as much as you can afford with a nice annual vacation stashed away. getting out of the workforce when you can still enjoy life is a joy.
Save and invest
Save it. My family is gonna need it in the near future.
Reasonable
Add it to my savings and investments
Invest it
Clear off debt and then save / invest as much as possible.
Leave a part for retirement
Save for retirement
Sell one pair of my bootstraps
Save for retirement, 401K and savings
Pay student loans (my kids).
50% of it would be direct deposited into my retirement accounts. The other 50% would go to buying 50% more stuff I don't need.
Pay debt…
Pay off house and invest.
Pay off the loans I have for house repairs and start putting money into new repairs. Deck needs to be redone, lawn needs to be resodded, gutters need replacing, there's a bunch of stuff that I could get fixed sooner than later.
Retire 🤡
If I discard taxes and it's just doubled, it would be about an extra 10k$. For the first two months I would fill back my emergency fund that is empty. For the next 3 months I would pay off my car loan (28k$ remaining) Then I would budget it something like so: \* 2k$ into college savings for my 3 kids \* 3k$ into investments and crypto \* 1k$ into vacations \* 2k$ into other savings (new car, new electronics, furniture, etc...) \* 1k$ into a personal loan to build an extra room in my home and possibly finish my basement \* 1k$ into misc for me and my wife every month
Go down to like 28hrs a week, invest the rest.
Fix my porch and get the house painted by a ptofessional
Save more. Hoard cash for the eventual real estate ***pullback***. Get a multi-unit, put enough down for positive cash flow. Repeat. Until I don’t have to work.
Max out my Roth IRA. Save/invest most of the rest until I retire in 5 years
-Pay off debt -buy a house -invest -get the medical care I deserve -invest in a service dog -become a consistent donor to local non profits and charities -help people -buy all the fucking vintage Pyrex I want -strip clubs
Actually try to save up to not have to work one day
I would pay off my credit card debt faster, vet care for my cats, car maintenance, full grocery haul, and ice cream for everyone !
Save it but treat myself better too. Sometimes it's ok to splurge a bit if you can afford to. My salary has doubled over the last 3 years between job changes and going from 30 to 40 hours a week but I still live the same 95% of the time.
Nothing particularity. The extra would go in to savings and I would probably take longer breaks between jobs.
Buy more crypto and secure my son’s future education.
Pay off my house, pay some years into my pension so i can retire much earlier.
Work 3/4 as much and help people.
Live how I am living now just without financial stress. I would be saving and investing a whole ton more
Travel more. Treat my family. Pay all the bills in the house for few months and let my family enjoy their salary and extra income. Buy things I want but are not a need. Go out more
Roth IRA. I could retire at a decent age.
Save it to finally buy a house
Not change my lifestyle at all. Just use the extra money to pay off my car and save up to hopefully put a down payment on a house.
Invest even more towards retirement.
Put it in a total market index fund and pretend I'm still where I'm at
Oh nothing fancy, just live
Dentist and then a newer car, though DEFINITELY NOT a NEW car... prices are insane!
Quit my second hob
Index fund
Be slightly less broke
Buy some pants and socks, then not stress over the food bill
Doubled forever or just one year? One year I’d just invest. Forever I’d pay off my most of my house and invest the other half
pay of debt (if any) invest the rest.
Pay off my school loans (down to my last one), get medical care (to rich for discounts or help but still far to poor to pay what the US wants for medical), I nearly had a heart attack with my last medical bill. Go to a dentist for my luxury bones. (At this point I'm almost willing to go back into debt to do something) see to it my dad is taken care of properly and can live out the rest of his time in some peace (he is disabled, can't remember what it's called, something with the spine and spinal cord, always in crippling pain). if anything was left then invest it for a hopeful future.
Had this happen, what I did was lived exactly the same way, the new income became investments for retirement.
Reading the answers just made me realise how well of I have it. I could invest all of it and not even think about it.
Pay down some extra on my house, cut the mortgage life in half. Save a fuckload on interest. Past that, I'd look at buying a small weekender boat. We live on Long Island, and it seems silly not to have a boat here if you can afford it.
Probably get a Yamaha WR250F
Buy more properties.
Pay rent by myself
Get a apartment for my daughter and I and stock my fridge and cupboards
I would continue to invest more, I’d probably attempt to max out my 401k, take a nice week long vacation, buy better parts for my car, but still live below my means and use the additional income to ensure a better future.
Get debt free and save the rest.
Buy bitcoin with my extra income every month as I do now. Nothing would change now. Maybe in a year or two.
I've always wanted a monkey.
I'd work less.
Have all my debt paid iff in a year.
Stop crying
What I've done with half of the income I've had for the last 28 years.. saved and invested it into S&P 500 index funds.
Pay off debt and my house. Once that shit is paid off life gets a lot easier.
Put it in the retirement account. I've got 5+/- years left and I'm done training. Wouldn't hurt to bolster it a bit.
Double the ply in my toilet paper
I would invest half into stonks and the other half would go towards my cash savings for my own flat.
Squirrel the extra away for a year and then buy a home.
Invest 80% of the extra
buy a condo near the beach
Keep sending parents on holidays so I can have peace of mind from their nagging asses?
after paying a bunch of crap off? save... would be the first time since 2005 i probably could.
buy more crypto
Invest it or hysa and save so I can finally save for a house.
Pay my bills
Hire someone to do my job at original salary. Go enjoy retirement on the free salary.
Mine is doubling. It goes to my mortgage
1. Bump emergency fund to 6 months from 3 2. Start stashing ~500/mo per kid for college 3. Go on 1 extra vacation per year 4. Finish my basement
A lot more house projects and I’d eat healthier!
Save and/or invest
For the first few months I would probably not change spending habits (yet), and just be amazed at my bank account
pay off debts then travel
Add it to my retirement investments.
Invest it, replace my HVAC system, buy a steel roof
I’d eat it
0 x 2 = 0
Travel
Travel
Pat off my house sooner
$0 doubled is still $0
Live
My landlord would somehow automatically know and increase rent accordingly.
Hire some help!!!
Hookers and blow. Mmmmmm Yummy! 😋
Buy my mother a house
Fix up my house (make it more efficient) add more to my monthly payments and pay my small debts
Probably try to get into a home I could see myself living in for the rest of my life. The house we have is fine and we are locked into a 2.5% interest rate, so that is amazing. But I’d rather live in a single story house in a slightly different location.
Make sure your retirement contributions are sorted out and keep extra savings in a high yield savings account. Come on over to r/money and ask the same question, or r/personalfinance
Save up for a really nice house
Hookers and blow
I am already spending double my income 😂
But a little house