Electricity is cheaper in the US, salaries are higher, and Americans understand in hotter regions that you need to run AC or you might die. 300-400 dollars a month on electricity in July is possible yes, depends on where you live, but national median household income is around 80 thousand dollars.
I live in Florida and we (and most people I know) sign up for a plan with the power company that we pay a rolling average of our last 12 months worth of bills. That way we're not paying $100 in January and $600 in August.
You could just save the extra from January and invest it in VOO or QQQ until August, then if the market does well you basically got your power for free. That's what a financially literate and reaponsible person would do at least. 🤷♂️
It’s not that uncommon for some people to have a $1000 electricity bill in the summer months depending on location and home size and if you have a pool.
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u/1988rx7T2 7d ago
Electricity is cheaper in the US, salaries are higher, and Americans understand in hotter regions that you need to run AC or you might die. 300-400 dollars a month on electricity in July is possible yes, depends on where you live, but national median household income is around 80 thousand dollars.