Keeping Sweet Rewards, Sugary.
Alright my fellow babies, from the time I’ve joined tumblr I’ve seen this topic occur probably the most. I have commented on 2 posts about this but this is a general run down of things.
1)Cash Leaves NO trace.
People underestimate the power of it. Sure yes, direct deposit is cool but if its not done right, if u don’t pay attention.. It can land u into some serious trouble. 8
2)For A Rainy Day
When u have decided on what you wanna put away, study your banks well. In the us, as around the world, each bank has a limit before it gets flagged and authorities are informed. Here in the us, its 10k. Deposit 2-4k one month and do NOT return until month ¾ especially if your paycheck is already being deposited there. Try to keep your number of bank accounts to 2/3. Its easier to maintain and again, doesn’t flag. Put the rest away in your home, if u can. Get a safe and keep that secret with u forever.
Cars, houses, condo, apartments these fall under this category. If he rents you a condo or apartment, do not move too up, too fast. Take it in steps. Make sure he pays for at least 8 months. As for buying of these things, LEASE. Lease the fuck out of these things especially when u can’t provide a direct source of income.
4)SAVE! Put up 40-50% of earnings. The sad truth is we can be dropped at any time left looking confused like that Mr Krabs meme going around now and most of us don’t want to do this forever.
5)The most important rule of all: LIVE WITHIN YOUR DOCUMENTED INCOME!!!
If at the end of the past 2-3 years your annual income has shown to be 60k pre/post taxes, that is what you need to show off for awhile especially when once again, no documented source of increased income. Limit the Mercedes Benz and high rise condos for now, figure yourself and strategy out.
Move in steps! You cant go from Rachel on friends to one of the characters in sex and the city in a month. Slow your role.