Posted on 10/27/2019 4:16:29 PM PDT by Diana in Wisconsin
Jenny Castillo makes over six figures, owns multiple homes in DC and vacationed in three countries already this year. But at the end of each month, shes still counting pennies.
Adulting is very expensive, Castillo, 32, tells The Post. Yeah, on paper I make good money, but when you factor in debt, cost of living and lifestyle, its not.
Even though Castillo makes more than 75% of the US population, according to 2014 US Census Bureau data, she insists theres not much left after shelling out for rent, bills, savings and her pleasure fund.
I have a separate account just for fun things, Castillo says, listing travel, eating out and stays at luxury hotels as her musts. Self-care is something I prioritize in my life, and I dont feel guilty about it.
Castillo is a HENRY short for High Earners Not Rich Yet. Though the term was first coined in a 2003 Fortune magazine article, it has since come to describe a burgeoning class of mostly millennials who make between $100,000 and roughly $250,000 a year, experts say. This cohort is also all about maintaining a particular lifestyle whether thats traveling to the latest jet-set destination, eating at a trendy restaurant or splurging on a spa treatment and green juice. But their taste for luxury and the pressure to keep up with their well-heeled buds on social media has some HENRYs feeling more strapped than stacked.
I feel like Im living paycheck to paycheck, and have been for forever, says a 30-year-old graphic designer, who wished to stay anonymous to protect her job.
(Excerpt) Read more at nypost.com ...
I have no debt except for the house. 401k and other stuff. Amazing what happens when you don’t need or want the latest toy and sock some money away.
I’ll have a spare room when Tom the Son moves out, end of this year.
The horror!!!
I wear designer clothes too but I get them at Ross and other discount stores. You have to keep looking, because designer duds are not there all the time.
I’ve even purchased really fancy-schmancy duds at GoodWill and UnionGospelMission thrift stores. Really fancy!!!
And my gym clothes all come from Walmart. Incredible deals, and I get lots of compliments and questions about where I got them.
Veto!
(The girl)
If you move your spare room to Atlanta, GA, we got a deal. :)
No, it’s in the Charlotte ‘burbs and fixed to a foundation.
If you’d like to consider Charlotte, it’s statistically 100% probability that one of Tom’s housemates will bail in the next year, leaving a spare room at $500/mo, 2 ba, kitchen, pool ... with some nice young men who drink a little beer, play D&D, and then go to work in the morning and school in the afternoon, or vice-versa.
Do you have ANY idea how expensive gourmet food, the right clothing, the right decor, and the right “living space” is?? Have a heart! A measly $100,000 a year won’t pay for HALF of it!/s
I started the military right out of high school. My pay was $374/mo and after I graduated my first phase of tech school I got an additional $3.90/day for Separate Rations (no meal card).
My Air Force duty had me driving out to work many miles from base out in some farmer's field.
The mom and pop diners with the sign "EATS" out in front, located out in the small farm towns, were as good or better than the two five-star restaurants at which I have dined.
Boo Hoo OR Cry Me A River
Hell, I might play D&D with ‘em. :)
I graduated from college and worked for a few few years before getting married and having kids. But by the time I was her age I was a stay at home mom of four kids on an extremely tight budget. There as no self care or vacations for me. There were times I skipped meals so my kids would have enough to eat.
Ten plus years later (and some more kids) we finally have some breathing room in our budget, but are nowhere near six figures.
We decided early on that people are more important than things. Years ago I asked God for creativity and wisdom to nourish and clothe my kids with what we had. He provided both, but my older kids have no desire to return to the simple meals we had back then ;-).
If she had a brain, with her income college debt should be paid off in a year or two
My kid has a good income, lives dirt cheap and paid off his student loans in a year.
To start Jenny Castillo can sell 2 of the 3 homes along with getting rid of the groomer for her orange Siberian cat if she wants some cash. She says she takes no vacations yet says she has been on 3 this year. FTA: resorts in Peru, Israel and Jamaica.
I wish I made $100,000 a year.
I do now with stock for the last few years but not salary. I spend my salary and still have money saved.
The Ant and the grasshopper fable comes to mind.
https://fablesofaesop.com/the-ant-and-the-grasshopper.html
Invest in stock and save for the future. I work with guys who go out for lunch each day and talk about where they went to dinner then complain as the week goes by that they are getting short money. One guy does bring in homemade meals his wife makes (how he trained her I do not know! : )
I myself make my own lunch. Cost is under $2 vs $7 and above going to fast food places. I cook at home. I do not own anything expensive just because.
Sounds like another childless narcissist that wants to never have children because she must have her career and do everything and go everywhere.
She will die alone in an apartment filled with cats and their feces.
With $100k I could pay off my 14 acres and built all the desired infrastructure, house, shop, root cellar, road down the back, cabin in the back, deep well and my wife and I would each end up with a nicer vehicle than we’ve ever had.
We’re dreaming the same dream! Beau inherited $35K from his Mom’s estate (split 6 ways!) so that’s going to our new Pole Barn.
After a few other projects are finished, first. In this Trump-conomy, we can afford to let it sit and grow for a while. MAGA! :)
“Nonsense. $100k a year in DC (with a 15% 401k contribution) nets you $4910 a month. More than enough to live in a decent building in DC”
The average 2 bedroom apartment in Thomas Circle residential area of DC is $3600-3800 month + utilities. Plus car payment, garage, parking, health insurance, renters insurance, food.
As I said $100k in DC is not much and you would have to live in a apartment in a lesser area to get by and with roommates.
I lived there for 10 days. Everything is outrageously priced. Food was 50% higher in stores than in my flyover state for same exact item
EZ pass going into DC will rack you up hundreds per month.
My sister and BIL live in the outer belt They bought a condo for $600k 20 years ago and it was not anything to write home about.
Don’t compare Michigan prices to DC
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