Growing Up – More Bills Every Year
Posted by REreviews on 01/3/08 in Finance
I got my monthly onslaught of bills this week and rather than complain openly about how much of my paycheck is going to simply disappear, I figured I would create short timeline to show you just how many bills I’ve managed to accrue since I started paying my own rent. Hint: it’s a lot.
18 Years Old – Before teenagers had easy access to cellular phones and Internet access, there really were no bills to worry about when you graduated High School. Car insurance and gas were hefty for someone making $4 an hour, but if that’s all you pay, it’s not too big of a burden.
22 Years Old – By the time I graduated from college, I had a couple of bank accounts, a mountain of student loans and a burgeoning credit card payment that was slowly getting larger. My first job allowed me to pay my rent, early utility bills and quarterly loan payments, but barely.
25 Years Old – Things like cheap broadband internet access and cellular phone contracts continued to add to my monthly expenditures by the time I was a quarter century old. Rent, a slowly growing list of credit card payments, and a brand new car meant I was still broke despite a nearly 40% increase in salary since graduating college.
32 Years Old – Good news! I just paid off my student loans. Of course, I also just purchased my first home with my new wife and those mortgage payments are five times as large as my student loan payments ever were. Tack on everything else and I’m currently paying 65% of my monthly income in residual bills.
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Ellis john | Feb 28, 2008 | Reply
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