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How Do You Spend Your Money?

Discussion in 'BlackHat Lounge' started by LordShuckle420, Oct 17, 2016.

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  1. LordShuckle420

    LordShuckle420 Newbie

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    I see a lot of screenshots on here of people making anywhere from $800/month to $5k/month, so my question is, how do you guys spend your money? What have you learned from budgeting your online income that you could share with a newbie?
     
  2. blogzandstuff

    blogzandstuff Elite Member

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    EVERYBODY ! TAXMAN ALERT !!!!!!!!!!!!!
     
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  3. b6ainy

    b6ainy Regular Member

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    usually 70% of the profit will go to escalate the methods for more profits

    that's my way
     
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  4. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    Rent Boys and lube.
     
  5. blogzandstuff

    blogzandstuff Elite Member

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    So you're a politician then?
     
  6. ZennoScripts

    ZennoScripts Regular Member

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    Cocaine and hookers my friend, cocaine and hookers.
     
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  7. Aluminium

    Aluminium Jr. VIP Jr. VIP Premium Member

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    Oh lord.. the Taxman cometh!
     
  8. blogzandstuff

    blogzandstuff Elite Member

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    This thread is filling up with politicians!!!!!
     
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  9. knowing25

    knowing25 Elite Member

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    i split and spend my money for family, health/insurance, reinvesting, traveling, saving.
     
  10. Sombrero

    Sombrero Supreme Member

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    Dog stuff....
     
  11. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    Typical month nowadays (consistently changing, but what can you do):

    Income: ~$9,000 after the tax man and 401k man gets some of my day job income (rounding). Sometimes it's a little lower, sometimes it's a LOT higher.

    Where it goes (also rounding):

    GENERAL EXPENSES
    $850 for rent, water, sewer, trash
    $100 for electricity
    $200 for my wife's car payment
    $800 for groceries/misc
    $400 for eating out and entertainment
    $150 for gas and vehicle maintenance
    $500 for other various expenses
    TOTAL: $3,000

    BUSINESS
    $1,000 to business taxes
    $1,000 to general business expenses
    $500 to miscellaneous business expenses
    TOTAL: $2,500

    SAVINGS, ETC
    $2,000 to money market/investments
    $500 to emergency fund (up until December, when the fund reaches six months of expenses. Then that additional $500/month goes to money market/investments)
    $500 towards my wife's student loans (don't have to start paying yet, just being proactive)
    $500 towards a nice vacation
    TOTAL: $3,500
     
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  12. Juneja

    Juneja Elite Member

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  13. SkullGuy

    SkullGuy Regular Member

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    I probably spend the bulk of my money on none of your fucking business. Then the rest I usually save for head the other direction with that horseshit.
     
  14. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    very slowly and carefully.
     
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  15. moonshine7000

    moonshine7000 Senior Member

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    Op is the IRS man don't say one anything.
     
  16. se900se

    se900se Jr. VIP Jr. VIP

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    reminded me about this video

     
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  17. LordShuckle420

    LordShuckle420 Newbie

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    Thanks for the legitimate response, man. You've given me some good guidelines for setting my own budget at the moment
     
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  18. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    More important than anything else is to live below your means. If you make $5k a month and spend $5k a month, sure you will live lavishly, but if you spend $3k a month you'll live just fine and have $2k to save and give yourself the peace of mind knowing that you are safe in case of a dried-up method or a business closure or a layoff. It's definitely a good anxiety reduction.
     
  19. Fendilover

    Fendilover Newbie

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    Great response! Do you by chance use quickbooks self employed? I been in business for 8 months and just registered an LLC. I have a friend who makes great money with his business and he uses quickbooks and sends it to turbotax ever quarter. Thanks
     
  20. Motherdex

    Motherdex Regular Member

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    Was coming to say strippers and pills but I see that's been done.