Thortsen
Thortsen t1_j5kt05t wrote
Reply to 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
Also, deduct your fix cost like rent, mortgage, utilities, debt payments etc. So if you make 5k / month, but have fix cost of 4k / month, you need to divide your hourly pay by 5.
Thortsen t1_j5ktnvw wrote
Reply to comment by HaikuBotStalksMe 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
Did exactly that. 5.5 years later, that house was 500k :(