Paycheck to Paycheck - New home owner reality

[Telugodura456]

Just now, dasari4kntr said:

medical insurance and HSA rendu avasarama..?

medical insurance untai 1000 - if with family. ( i am including dental and vision). chala companies lo untai. bi weekly 450 deduction common.

[dasari4kntr]

2 minutes ago, Telugodura456 said:

medical insurance untai 1000 - if with family. ( i am including dental and vision). chala companies lo untai. bi weekly 450 deduction common.

no…your  missing the point…

@Sonu_Patel quoted as below..medical and 401k separate deductions and still he is paying 2.5k for benefits….dental, vision and additional term insurance…etc anni kalupukunna max 200 kante ekkuva vundadhu…2.5k per month is too much…that means more than 25k per year…

 

Benefits

−$2,537.50

Medical

−$1,100.00

401(k)

−$1,437.50

[dasari4kntr]

Just now, dasari4kntr said:

no…your  missing the point…

@Sonu_Patel quoted as below..medical and 401k separate deductions and still he is paying 2.5k for benefits….dental, vision and additional term insurance…etc anni kalupukunna max 200 kante ekkuva vundadhu…2.5k per month is too much…that means more than 25k per year…

 

Benefits

−$2,537.50

Medical

−$1,100.00

401(k)

−$1,437.50

or is it subtotal..? lol…

[Telugodura456]

1 minute ago, dasari4kntr said:

no…your  missing the point…

@Sonu_Patel quoted as below..medical and 401k separate deductions and still he is paying 2.5k for benefits….dental, vision and additional term insurance…etc anni kalupukunna max 200 kante ekkuva vundadhu…2.5k per month is too much…that means more than 25k per year…

 

Benefits

−$2,537.50

Medical

−$1,100.00

401(k)

−$1,437.50

you are not getting it. Just add medical and 401k - you get benefits. They all are not seperate. 

[FrustratedVuncle]

7 minutes ago, dasari4kntr said:

medical insurance and HSA rendu avasarama..?

HSA is pre-tax kabatti you will save 1.5k if you max out on HSA which is 8.3k in 2024.

You can auto invest HSA account which will grow over time.

[kevinUsa]

9 minutes ago, Telugodura456 said:

medical insurance untai 1000 - if with family. ( i am including dental and vision). chala companies lo untai. bi weekly 450 deduction common.

Varini 1000 per month aaa

Vammo

[DallasBaluKarry]

1 hour ago, Aquaman said:

andharu oorukoru anna.  ma kuthur tho job chepisthava ani in laws will start disco

Then ask them to do job and give to their daughter 

[FrustratedVuncle]

13 minutes ago, Telugodura456 said:

undhia ga clear ga ...1.5k 401k savings and 1k medical insurance related costs.

Medical - 1.1K

401k - 1.4k

for a guy who is crying not able to pay credit card bills, 401k contribution of 17k/year is ridiculous. Most companies matches only 4% so 5% of 115k =~ 5.7k contribution is more than enough. 

medical ki kuda 500/mo for family untundi for fulltime, mari Patel anna friend em insurance teskunnado. 

Edo logics adige sariki 5.5 balance kosam adjusted numbers la unnai avi. 

[Telugodura456]

5 minutes ago, FrustratedVuncle said:

Medical - 1.1K

401k - 1.4k

for a guy who is crying not able to pay credit card bills, 401k contribution of 17k/year is ridiculous. Most companies matches only 4% so 5% of 115k =~ 5.7k contribution is more than enough. 

medical ki kuda 500/mo for family untundi for fulltime, mari Patel anna friend em insurance teskunnado. 

Edo logics adige sariki 5.5 balance kosam adjusted numbers la unnai avi. 

yes he can reduce 401k contribution and also swap that tesla. 

Medical 1000 vuntai ba. ask any witch company.

[Funkops]

2 hours ago, cool_boy said:

90k base pay ikada anni ponu 5400 vasthayi

115k ante adi kuda state tax lekapothe inka ekkuva ravali kada

Cheppadu ga. 401k, medical, hsa poga ani. @Sonu_Patel

[Sonu_Patel]

36 minutes ago, dasari4kntr said:

no…your  missing the point…

@Sonu_Patel quoted as below..medical and 401k separate deductions and still he is paying 2.5k for benefits….dental, vision and additional term insurance…etc anni kalupukunna max 200 kante ekkuva vundadhu…2.5k per month is too much…that means more than 25k per year…

 

Benefits

−$2,537.50

Medical

−$1,100.00

401(k)

−$1,437.50

200 ki evadanna medical, dental, vision ichedi.. oka company peru chepu please... nenu apply chesta immediate ga.

[Sonu_Patel]

26 minutes ago, FrustratedVuncle said:

Medical - 1.1K

401k - 1.4k

for a guy who is crying not able to pay credit card bills, 401k contribution of 17k/year is ridiculous. Most companies matches only 4% so 5% of 115k =~ 5.7k contribution is more than enough. 

medical ki kuda 500/mo for family untundi for fulltime, mari Patel anna friend em insurance teskunnado. 

Edo logics adige sariki 5.5 balance kosam adjusted numbers la unnai avi. 

I made it up based on what he told @FrustratedVuncle . But honestly, i am not sure what other deductions he chosen... but 500/mo that too couple ki konni companies offer chestai but he joined some local witch company 

[pakeer_saab]

25 minutes ago, Sonu_Patel said:

200 ki evadanna medical, dental, vision ichedi.. oka company peru chepu please... nenu apply chesta immediate ga.

many companies have good medical for 500 or less per month

[pakeer_saab]

3 hours ago, Sonu_Patel said:

Last night sitting lo friend shared his expenses every month. he is very active on Facebook, Instagram and Tiktok all the time. 

- House Mortgage Payment - $3800 for next 30 years

- TESLA payment - $1300 for next 5 years

- Utility bills(Gas, water, power, Internet, phone)  - $500

- Auto Insurance - $150 

-Take home salary - Net $5500 after 401k, health and other deductions. 

he is unable to clear credit card bills because there is no room to pay for the Monthly, groceries, shopping and other miscellaneous expenses. 

 

 

in simple, your friend will accumulate debt overtime

he will sell his home for 650K and be back to apartment, any profit he made will be used to pay off his debt

there is no way he will sustain that home

sab chalta hai kind of folks will end up like this.

[dasari4kntr]

1 hour ago, Telugodura456 said:

you are not getting it. Just add medical and 401k - you get benefits. They all are not seperate. 

got it..