Is this enough?

[crazygirl]

Is making $80k a year for a 26 year old good living on the west coast enough these days?

The line of work is irrelevant. Is $80k a year good enough these days compared to the populous?

 

[Flammable]

yep

 

[olds]

Where? LA, Maybe not.
Modesto, yes.

 

[TuxDave]

It's decent living

 

[crazygirl]

Originally posted by: oldsmoboat
Where? LA, Maybe not.
Modesto, yes.

Please elaborate.

 

[jagec]

Deciding whether your boyfriend is good enough for you?

 

[her209]

Everyone here pulls at least mid to upper six figures.

 

[crazygirl]

Originally posted by: jagec
Deciding whether your boyfriend is good enough for you?

I am single. This is my money. You do not need to be rude. Please leave.

 

[manowar821]

If you can't live on 80k, you're doing something horribly wrong. Even in LA.

 

[AbAbber2k]

You make more than probably 3/4 of all HOUSEHOLDS in the US. You're fine. :roll:

Although by ATOT standards you're dirt fucking poor and should probably /wrist right NOW since you don't make 6 figs. :roll:

 

[KLin]

Originally posted by: crazygirl

Originally posted by: oldsmoboat
Where? LA, Maybe not.
Modesto, yes.

Please elaborate.

Cost of living is higher in LA than it is in Modesto. Therefore, you get more for 80k in Modesto than you would in LA.

 

[EMPshockwave82]

Originally posted by: her209
Everyone here pulls at least mid to upper six figures.

yea. dont you know you aren't successful by ATOT standards unless it's over 200k.


If you can't live off of 80k a year then you are terrible with money. I honestly don't care where you live in the US. In some areas this may not be a ton of money but no matter where you are it's plenty to live off of and have enough left over.

80k is 50k after taxes.

3k / month for housing = 36000
500 / month for utilities = 6000
200 / month for food = 2400

Total of listed: 44,400


This isnt totaling everything obviously but then again if you are paying 3k / month for your house I hope you're making more than 80k per year.

Originally posted by: EMPshockwave82

Originally posted by: her209
^ You forgot:

Car payment
Insurance

Fine. add

500 / 6 months car insurance. = 1000
400 / month car payment = 4800

50,200. Don't forget that includes 3000k per month for housing..........

 

[her209]

^ You forgot:

Car payment
Insurance

 

[Kyle]

Yeah, WA/OR, 80K for a single person is plenty- hell, I'm living on half that.

LA, wouldn't know- but CA in general is more $$$

 

[EMPshockwave82]

Originally posted by: her209
^ You forgot:

Car payment
Insurance

Fine. add

500 / 6 months car insurance. = 1000
400 / month car payment = 4800

50,200. Don't forget that includes 3000k per month for housing..........

 

[theblackbox]

depends on your lifestyle.

 

[KLin]

Originally posted by: EMPshockwave82

Originally posted by: her209
^ You forgot:

Car payment
Insurance

Fine. add

500 / 6 months car insurance. = 1000
400 / month car payment = 4800

50,200. Don't forget that includes 3000k per month for housing..........

That's an expensive house.

 

[EMPshockwave82]

Originally posted by: theblackbox
depends on your lifestyle.

that would be the question of "is this enough to live within my means"


The question of "is this enough money?" is answered by a very simple YES.

You just have to be smart with your money and BUDGET (a skill which many have forgotten how to do).

 

[EMPshockwave82]

Originally posted by: KLin

Originally posted by: EMPshockwave82

Originally posted by: her209
^ You forgot:

Car payment
Insurance

Fine. add

500 / 6 months car insurance. = 1000
400 / month car payment = 4800

50,200. Don't forget that includes 3000k per month for housing..........

That's an expensive house.

very expensive house.... about 1k more than most people would even think about paying. I just threw some numbers down real quick to actually quantify how much 50k after taxes can buy you.

 

[theblackbox]

is that 80k a year before or after taxes?

 

[jagec]

Originally posted by: crazygirl

Originally posted by: jagec
Deciding whether your boyfriend is good enough for you?

I am single. This is my money. You do not need to be rude. Please leave.

Sorry, I just came out of the "crazy ex" thread...and I assumed that this thread was some kind of joke, since I'm living on a quarter of that and it's "enough".

 

[theblackbox]

Originally posted by: jagec

Originally posted by: crazygirl

Originally posted by: jagec
Deciding whether your boyfriend is good enough for you?

I am single. This is my money. You do not need to be rude. Please leave.

Sorry, I just came out of the "crazy ex" thread...and I assumed that this thread was some kind of joke, since I'm living on a quarter of that and it's "enough".

i've always wondered about the threads here. why do people post stuff like:

What small yacht should i buy?
should i buy a house with a 2000$ payment?
I make XXX,XXX dollars, is that enough?

whats up with people coming here and posting this stuff? you always have to wonder if it's a troll, or they are genuine and just don't have any real life people they could ask...

anyway.

yes, it's enough. move on.

 

[EMPshockwave82]

Originally posted by: jagec

Originally posted by: crazygirl

Originally posted by: jagec
Deciding whether your boyfriend is good enough for you?

I am single. This is my money. You do not need to be rude. Please leave.

Sorry, I just came out of the "crazy ex" thread...and I assumed that this thread was some kind of joke, since I'm living on a quarter of that and it's "enough".

Yep. My taxable income last year was less than 1/2 of the 80k in the thread and I managed to save a couple grand.

 

[theblackbox]

Originally posted by: EMPshockwave82

Originally posted by: jagec

Originally posted by: crazygirl

Originally posted by: jagec
Deciding whether your boyfriend is good enough for you?

I am single. This is my money. You do not need to be rude. Please leave.

Sorry, I just came out of the "crazy ex" thread...and I assumed that this thread was some kind of joke, since I'm living on a quarter of that and it's "enough".

Yep. My taxable income last year was less than 1/2 of the 80k in the thread and I managed to save a couple grand.

hehe, well mine was half half of half of half of half that, and we did fine. and the 3 month i worked in irvine at the end of the year didn't even count. thankfully, i got my taxes back from cali since i wasn't a resident.

you can pretty well manage on almost anything, just depends on your lifestyle.

 

[KLin]

Originally posted by: EMPshockwave82

Originally posted by: KLin

Originally posted by: EMPshockwave82

Originally posted by: her209
^ You forgot:

Car payment
Insurance

Fine. add

500 / 6 months car insurance. = 1000
400 / month car payment = 4800

50,200. Don't forget that includes 3000k per month for housing..........

That's an expensive house.

very expensive house.... about 1k more than most people would even think about paying. I just threw some numbers down real quick to actually quantify how much 50k after taxes can buy you.

I'm not sure how someone could afford a house at 3000k a month especially only living on 50k after taxes per year.