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Cake day: June 22nd, 2023

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  • It’s not a dumb law. Musk’s quote conveniently side-steps the truth. The way it was: Search/social media website provided pointless links to the news source while stealing the news and publishing it itself and earning all the ad revenue. Original news source: starved.

    The way the law should have worked (and will as soon as Meta and X’s greed corrects itself): Search/social media websites provide link to news provider and gains ad revenue as normal. News provider actually gets visits to read their news and also earns ad revenue.






  • You need to make a vertical list (ideally in a spreadsheet but paper is fine) of all your expenses that you can recall. Keep adding to this as your life progresses and you spend money on something not previously on it.

    Add a vertical column and put the amount of that expense there.

    Next to each item on the list note the expense frequency (monthly, daily, bi-weekly, etc…). Now, ask yourself how often do you get paid? Daily, Weekly, Bi-weekly…?

    The next column over you need to convert any expenses with a frequency that isn’t the same as your income frequency (Daily, Weekly, Bi-weekly). The way I do this is to multiply the expense amount by the number of times in a year you’d have to pay this to get the annual value for that expense. Then, divide by your income frequency/year to get it to match.

    For example: Lets say you are paid weekly. You need to convert monthly rent of $1000 to weekly in order to match your income rate. To do this multiply rent x 12 (12 months/year) = $12000/year. Divide by 52 weeks in a year = 12000/52 means you pay ~$231/week (round up to the dollar) for rent.

    Once you have done this calculation for all the expenses that don’t match your income rate you can now add all the matching values and compare this total to your TAKE HOME paycheck as it all matches. If your expenses are greater than your take home pay you need to cut back on things immediately. If you make more than you pay out then you can start adding ‘savings’ to your expenses list for things like emergencies, large 1 time purchases, and retirement.

    There are many, many ways to get stupidly pedantic about how the math is done. This was written to keep things as simple as possible in the hopes of reaching the most amount of people that could use it.

    Edit: for expenses that are unpredictable (groceries, entertainment) you need to ballpark an approximate value. Conveniently, these type of expenses are often the easiest to control or over-budget if you can.

    Edit edit: February is the only month where you need to be careful as it has the least # of full weeks in it which means monthly expenses can surprise you. Keep this in mind realizing that if you start budgeting today by the time next February comes around you should have plenty of savings to cover the 1x shortfall.