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HaikuBotStalksMe t1_j5k1lrx wrote

Reply to comment by divepilot in LPT: A good financial habit to get into is treating money as hours of work. Ask yourself how many hours of work something would take if you buy it. The awareness of the amount of time you put into purchases helps reduce compulsive spending. by humvee911

I just look at my check and divide by number of hours.

Allegedly I make $67,000ish. My first trick is that if you work 40 hours, you divide by two to get your pay per hour. So $33ish. But that's the fake number to compare a salary to hourly pay.

To get the real number, I take my biweekly check and divide by 80. It's been a while since I looked, but I think I make $1800 every two weeks after taxes, 401k, and insurance. So $1800/80 = 22.50

Ok, so let's go ahead and double that:

My real yearly salary (i.e. cash I can use) is $45,000.

So if I marry someone and mooch off them 100% (and don't get a tax status change), if I want a $250,000 house in cash, I would do $250/$45 = 5.55 years. So five and a half years to get a house.

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