Order of Importance when you get your salary.

[AlphaMan]

Trinidad hard no doubt but why are people making kids, paying thousands to send them to the same failed education system (extra lessons etc) thinking they gonna get a big wok after years of schooling.
Degree..masters etc...the game is rigged.
You can't win and your kids can't win...Stop procreating!

[Mmoney607]

Trinidad hard no doubt but why are people making kids, paying thousands to send them to the same failed education system (extra lessons etc) thinking they gonna get a big wok after years of schooling.
Degree..masters etc...the game is rigged.
You can't win and your kids can't win...Stop procreating!

It's a natural delusion where they think their children will be the next Elon Musk or Cristiano Ronaldo and if not well, that's life..., what you go do

[AlphaMan]

Trinidad hard no doubt but why are people making kids, paying thousands to send them to the same failed education system (extra lessons etc) thinking they gonna get a big wok after years of schooling.
Degree..masters etc...the game is rigged.
You can't win and your kids can't win...Stop procreating!

It's a natural delusion where they think their children will be the next Elon Musk or Cristiano Ronaldo and if not well, that's life..., what you go do

Wishful thinking...I see some tunas here have 4 kids and more....where they going with that...why so much..

[zoom rader]

Trinidad hard no doubt but why are people making kids, paying thousands to send them to the same failed education system (extra lessons etc) thinking they gonna get a big wok after years of schooling.
Degree..masters etc...the game is rigged.
You can't win and your kids can't win...Stop procreating!

Making kids is a failure if 2 or more and not in a stable family. Then again, marriage is also outdated, not beneficial for men.

Trinidad education teaches u not to think. Reasoning & logic is needed

[88sins]

The most children you want to have this time around is two, no more, and you want them about 10-12 years apart.
As regards marriage, it ain't all that bad all the time, but yes, men often get screwed in the divorce. That can be at least partly avoided by either never getting married (but just kno if you living together for more than 5 years she has certain rights that are very similar to if you were legally married)
Or
Get married but sort out yuh business early.

[AlphaMan]

The most children you want to have this time around is two, no more, and you want them about 10-12 years apart.
As regards marriage, it ain't all that bad all the time, but yes, men often get screwed in the divorce. That can be at least partly avoided by either never getting married (but just kno if you living together for more than 5 years she has certain rights that are very similar to if you were legally married)
Or
Get married but sort out yuh business early.

Living together as man and wife for 5 years allows women to make legal claims on your possessions according to the cohabilitation act.

[88sins]

Correct
It's considered a common-law marriage
Yuh not safe, until you make sure you safe

[zoom rader]

The most children you want to have this time around is two, no more, and you want them about 10-12 years apart.
As regards marriage, it ain't all that bad all the time, but yes, men often get screwed in the divorce. That can be at least partly avoided by either never getting married (but just kno if you living together for more than 5 years she has certain rights that are very similar to if you were legally married)
Or
Get married but sort out yuh business early.

Living together as man and wife for 5 years allows women to make legal claims on your possessions according to the cohabilitation act.

Which involves your pension, she can claim half of that.

[AlphaMan]

95% of trini women are money pits...avoid at all cost

[paid_influencer]

95% of trini women are money pits...avoid at all cost

trini men too.

trinis in general

[MaxPower]

What's the order of importance when you get paid?

Top of the list is Mindset.

If its further down on the list you wasting time.

[AlphaMan]

Property tax makes the list now.

[death365]

some people reallllllllllllllllllllllllllll telling untruths about their financial position on this thread. 97 % suffering and the next 3 % NOT firetrucking on trinituner.

anyhow back to the question -

1stly .... if yuh could save ah lil 4% of ur salary that go be good and not no bank account with less than 1% interest like ah credit union with ah 3 - 4 %. then if anything that same account can be used as collateral for ah loan .

2nd... cars last 20 plus years ... not 5 to 7

3rd ... play the lotto and hope dor the best

[88sins]

some people reallllllllllllllllllllllllllll telling untruths about their financial position on this thread. 97 % suffering and the next 3 % NOT firetrucking on trinituner.

anyhow back to the question -

1stly .... if yuh could save ah lil 4% of ur salary that go be good and not no bank account with less than 1% interest like ah credit union with ah 3 - 4 %. then if anything that same account can be used as collateral for ah loan .

2nd... cars last 20 plus years ... not 5 to 7

3rd ... play the lotto and hope dor the best

About your 1st
Minimum 5%, and keep it in a mix of forex and tangible instruments

Regards your 2nd
Ever heard anything about a thing called "the point of diminishing returns"

Pertaining to your 3rd
Financially wise people DON'T gamble, we take whats called calculated risks. We weigh odds and probabilities of success and failure and outlay vs return.

We eh playing checkers again bai, is advanced level chess we dealing in

[pugboy]

so how much we budgeting for play whe every week?

[viedcht]

This topic answers really depends on the individual... Single, married/with kids, divorced no children/ with children... Then the type of lifestyle etc... but I will (repeat) what was probably mentioned that food doesn't need to be a high $$bill if you single you can keep it minimal. Desserts and sweet Indulgence not a necessity; cake ice cream chocolate etc. Balanced meals important but not the Starbucks every other day or one a month even . Multivitamins help when following low intake diet.
Settling recurring expenses like utilities should be high on the list. Toiletries/linen don't go bad so deals on those/stocking up could settle a year's worth of expenses.
Savings should be a big part of the budget, once you could put it aside, 40-50% of salary should be saved. It sounding like plenty but that covering most "incidentals" like car repair/maintenance, investments, home repairs etc, but also yearly insurance, taxes etc.
Say you can make 50% to savings, 25% to food/utilities/misc you have 25% can go towards regular expenses like rent/gas/pets more towards savings etc. I just generalise but that's the idea, especially for single folks. I can't pretend to know how married peeps do their budgeting much less the others sector of the pie chart

[88sins]

so how much we budgeting for play whe every week?

Start with -$4, and proceed southward from there

[pugboy]

allyuh ever calculate month grocery spend and work it out per day?

[shake d livin wake d dead]

Grocery for me(family of 3), every 6-7 weeks is around $4500(between pricesmart and grocery). I don't buy food period! A restaurant outing is ever so often

Both utilities (water and power) are presently reading in the credit values as I've been putting something on the bills every month.

Rest is to save, do something around the house, 1 vacation destination for the year and that's about it.

[Dave]

allyuh ever calculate month grocery spend and work it out per day?

I tried once but we don't run out and replenish and almost always have to carry even if grocery day didn't happen.
I usually calculate cost of meal based on cost of ingredients and it always comes back better than buying.
Plus I know my ingredients so the health aspect is there.

[pugboy]

you could still work it out over several months and get avg per day
i use credit card for almost everything so easy to track back on statements

for 4ppl my food and household bill is around $115 a day/3 meals

eat out prob once a month maybe twice

allyuh ever calculate month grocery spend and work it out per day?

I tried once but we don't run out and replenish and almost always have to carry even if grocery day didn't happen.
I usually calculate cost of meal based on cost of ingredients and it always comes back better than buying.
Plus I know my ingredients so the health aspect is there.

[MaxPower]

Trinis should be spending wisely especially in these times.

Too much consumption of import goods wants.

Focus on the necessities.

The social media plays a major part as it encourages unnecessary spending where Trinis compete with eachother for likes, views and attention through fancy foodie pics and exotic nightlifes.

[ceja]

When you get paid, I'd say shelter and food are at the top. You gotta have a roof over your head and enough to eat. After that, utilities are key to keeping things running smoothly. Transportation is important if you need to get to work or run errands, and then insurance is a must for peace of mind. Child costs can vary, but they definitely need to be considered too.

[pugboy]

Max,

we does eat for the lil splurge comfort
most ah we does spend the whole week watching the free food bloggers so we could decide wha to eat on the weekend after a whole week and eating the same pelau and stew chicken every day
alco is the real money killer for us sufferers

Trinis should be spending wisely especially in these times.

Too much consumption of import goods wants.

Focus on the necessities.

The social media plays a major part as it encourages unnecessary spending where Trinis compete with eachother for likes, views and attention through fancy foodie pics and exotic nightlifes.

[alfa]

Taking about that, restaurant week starting soon. Where looking good?

[*KRONIK*]

Taking about that, restaurant week starting soon. Where looking good?

Sponser the boiz a lil fancy foodz nah

[88sins]

allyuh ever calculate month grocery spend and work it out per day?

did that decades ago, and redid it about 2 years ago
Still cheaper to cook at home, nutritionally better too.

The budget can be reduced according to how much/often/what kind of meat you eat, as well as by elimination of nonessential items.
Yes, meat is the biggest cost at the supermarket locally, always was, and apparently always will be

[alfa]

When budgeting it's the small things spent on daily that add up over the course of a month. In 2020 I was unemployed for a long while and decided to cut back. Used to buy newspapers at $8 and a lucozade at $11 everyday. Decided to stop that and just buy papers on Sunday, plus since I'm home I didn't need a data plan at $250 a month.
That alone saved about $800 for the month

[timelapse]

Save no less that 20% of your income.If that's too steep, you need more income.

[Tezzadude]

PAYE, NIS and HS is deducted immediately.

Next the SO's to pay my car loan, mortgage, medicals and pension.

Then I pay the internet and phone bills.

Last is the utilities that become due.

The remainder goes in groceries and gas and I'm empty af.

Wife pays PAYE, NIS and HS and the balance of the funds are dumped into our joint ac.

At this time, because of the new loan we took, we can't manage to pull off a 20% savings all the time so.