How much can I save up as a 22 year old trucker if I live on the road?

Umm. Income - expenses = net. Didn't they teach you math at that college? What's your real question.

 

If I lived in my truck how much will you have in your bank account.

*Blinks* brain freezes... hum. Seriously?

Anyone else take classes on how to balance a checkbook for three months back in the 70's?

Sir, All Im going to tell you is add up what you eat, drink and ####. Don't spend anymore than that and put the extra money away into that precious checking account.

 

Become a trainer and take home 4k a month, figure 1500 in food a month and 150 in smokes another 50 for #### up insurance and another 300 for health insurance.


So about 2000 a month if you dont buy any toys besides using reward points for them. If you dick over your trainee you can easily get a couple hundred in points a month.

 

My brother drove for 6 years after the military.
Kept his cost of living to a minimum and during that time he managed to save enough for a down payment on a house with about a 1/2 acre.
I've been out here almost 14 years. My first few years I was really frugal and managed to save enough to pay for a good portion of my daughters college education. The rest she was able to get in grants.
If you set yourself a goal to consistently put about 15% of every check away, and you don't dip into it regardless, you can easily learn to live on the remainder and put between 3-5 thousand away.
With all my bills at home and cost of living on the road I put 10-15% away every payday.
Out of sight out of mind as they say.
Not having any bills, you may be able to go more than 15% on occasion.
Putting this money away, is what they call paying yourself.

 

So what's the verdict? Average recent grad goes with an average starter company OTR, lives frugally and saves about how much in a year?

Let's also assume this same grad doesn't have any rent payments anywhere, and has residence in a state without state income tax.

Are we looking at about $25-30k saved after one year solo?

 

Since it varies by driver, company, expenses & income why waste time guessing what those numbers add up to?

 

Hire with EE company from Chicagoland, run hard,live frugal and the sky is the limit.

 

Keep taking enough online classes to keep your loan deferred. Save up chunks of cash while driving and eliminate or reduce the interest.

Get a big tv, a game console, buy DVD's at the pawn shop.
And definitely a microwave.
This keeps you in the truck so you aren't in the truckstop spending money.

Shop at Aldi, dollar tree, and Winco.
I eat canned goods. Lots of canned fruit.

 

$50 a day in food??? Holy shizz...

 

That's easily done...if you are disciplined enough to not start spending when you see your bank balance piling up.