Satisfied enough, I guess. I make a little over half a million a year. Thing is, I burn about $30k/mo right now trying to keep my small businesses afloat (debts from mid-covid, payroll, medical benefits for employees). A little less than $10k/mo goes to my own bills, savings, retirement, health, etc. Rest usually goes back to the community or local charitable causes.
I take zero money out of my businesses and haven’t for 3 years or so now.
What would be great is if I could get back to where the businesses are self-sustaining, but the last few COVID years changed so much that I’m beginning to doubt it’s possible and at the moment I don’t have the heart to just shut them down or leave the employees without a job.
But, I can’t work 80 hours+ a week forever. I have a family too. I think it will help once the debts are paid off, but just trend/trajectory-wise it will still take some additional foot traffic and sales growth that I’m just not sure will happen anymore.
I am very lucky to have a chunk of disposable income every month. However, I want to invest and save most of it, because I recognize that disposable income can quickly disappear given the right circumstances....
I have 4 different bank accounts that I use primarily (technically 10 total). What I do is split up my direct deposits and/or schedule transfers so that everything is bucketed. One account for fixed monthly bills, one for variable things like groceries, one for savings, and one for whatever I want, etc.
I put a little more than necessary in each account each month, so every so often I may have a surplus for a given bucket, too. This will either go towards the accelerated payoff of something or I’ll split the difference and move half to my fun bucket.
For the most part, this keeps necessary money (bills and savings) out of sight or mind and it’s easier to control my impulse spending when the only account I can/should be spending from has a low limited amount.
Are you satisfied with your current pay?
Trying to get to know the community a bit more....
How to curb unnecessary consumer impulses?
I am very lucky to have a chunk of disposable income every month. However, I want to invest and save most of it, because I recognize that disposable income can quickly disappear given the right circumstances....
r/places is back up, hopefully there's plenty of this going around this time ( media.kbin.social )