How this 27-year-old earning $88,000 in the Bay Area is tackling her $33,700 in debt

Discussion in 'Finance' started by Durandal, Jul 25, 2019.

  1. Durandal

    Durandal Well-Known Member Past Donor

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    How this 27-year-old earning $88,000 in the Bay Area is tackling her $33,700 in debt

    Christine Hopkins wasn’t always responsible with money.

    The 27-year-old, who earns $88,000 a year as a marketing manager in the Bay Area, spent several years charging flights, clothes and nights out to her credit card without having the means to pay it off. “I always just assumed that credit cards were there to buy things you wanted and then you figure out how to pay for them later,” she tells CNBC Make It.

    But in 2018, she began to feel trapped by her debt. “No matter how much more in salary I was making, I was still living paycheck to paycheck, which wasn’t making sense to me,” she says. “I thought, ‘Where is all of my money going? Why is this happening to me?’”

    ... https://www.cnbc.com/2019/07/25/how...-on-88000-dollars-a-year-in-the-bay-area.html

    I'd sure love to have her "problem" of trying to make ends meet on an annual salary of $88,000. Good grief, I would be debt-free and living the dream if I had that!
     
  2. cd8ed

    cd8ed Well-Known Member Donor

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    Not when the cost of a loft is close to a million and food cost double what it does everywhere else.

    I lived close to the Bay Area for close to a year, there were engineers making 150k plus that had to drive an hour to work because they couldn’t afford anything local.
     
  3. Durandal

    Durandal Well-Known Member Past Donor

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    All that commuting can't be good for climate change.
     
    roorooroo likes this.
  4. cd8ed

    cd8ed Well-Known Member Donor

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    Eh they all drive electric cars out there so it a lower impact but still not completely zero.
     
  5. Durandal

    Durandal Well-Known Member Past Donor

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    I don't even see recharge stations out my way yet, although I think I've seen a Tesla or two around.
     

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