Never enough money??

Question

How come you dont ever make enough money, then when you get a better job that makes more money it STILL isnt enough? Are we just greedy people or does your lifestyle always change with your money situation.

Answer 1

I think some people just live way beyond their means. The more they make the more they want and they don't stop to think about their future. They will work jobs that they are not happy in but, "it pays good money".

Answer 2

Investopedia – Debt Consolidation
http://www.investopedia.com/terms/d/debtconsolidation.asp


Bankrate.com
Saving when you're barely surviving
Monday August 28, 6:00 am ET
Don Taylor

Dear Dr. Don,
I am a husband and father of two young toddlers. My net pay is just enough to scrape by every two weeks. With health insurance premiums well over $400 per month, my net pay is only enough to cover the bills. Every time I set aside money, I end up having to use it all for some unforeseen expenditure, and then some with credit cards (whose balances continue to escalate). Where does one in my situation begin to save?
-- Underfunded Mike

Dear Mike,
Your question is one of the more difficult issues in personal finance. How do you work toward the future when you're having trouble getting through the week?
The key is to keep spending less than income. Easier said than done, but that doesn't mean it doesn't need to be done. Spiraling credit card balances aren't the answer. Credit cards just postpone the problem and have you spending money on finance charges that should be going toward meeting your family's needs.
Differentiate between what's necessary and what's nice in your monthly spending. Cutting out cell phones (or alternatively land lines), cable TV, dinners out, etc. brings down your monthly nut. Bankrate has a budget work sheet that you can download to put together a monthly spending plan. Talk to your employer's personnel department to see if there are ways of reducing the health-care costs while keeping family coverage. Taking advantage of flexible spending accounts to pay for medical costs with pretax dollars is one possible way of accomplishing this goal.
The other side of the equation is to increase income. Take a second job, or a third. Don't think of it as forever, just until you can get the credit card balances down and build a bit of a cash cushion. If your wife doesn't work, perhaps she should. Bankrate's "Should my spouse work, too?" calculator will help with that math.
The answers aren't easy, but you've got to ramp up income, throttle back on spending or both to get to the point where you move past paycheck-to-paycheck living and get to the point where your income is also building toward your family's future.
If you've worked through all this and still can't see a way, it's time to ask for help. Your state government might be able to help with health-care insurance for the children, for example. A Bankrate feature, "Finding help in hard times," has some other ideas, too.
To ask a question of Dr. Don, go to the "Ask the Experts" page, and select one of these topics: "financing a home," "saving & investing" or "money."

Answer 3

Lifestyle always changes with your situation. We are making more money than we ever did but never seem to have "enough". It is because we eat out more, buy more toys, save more in our 401K and buy better clothing. We bought a bigger home so hence all of our monthly bills rose. It is a vicious cycle!!

Answer 4

The cost of living continues to rise. When we earn more one feels that we should be able to spend more. Most of us dont take taxes into account until we've spent much of the money. Cost of taxes,interest and previously enjoyed items become a burden. As a result ,resources previously used are'nt available today.

Answer 5

Your lifestyle changes with your money situation.

Answer 6

Like demands goes up and up and it never finish as even Bill Gates does not have enough money !

Answer 7

Your lifestyle is too expensive you need to cut costs and stop buying too many luxuries :):)

Answer 8

Sell everything and follow me!!!! I am gonna live in a tree and call myself sweet moon baby. we will have nothing but fig leaves on our whoohas

Answer 9

how to inprove your income and still have less , does not make sense,unless you reduce your outgoings at the same time. LF