Is this enough?

[crazygirl]

Originally posted by: 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..........

Unfortunately a gym membership, gas, clothes, computers, and furniture aren't included. I fear that I will have no money to use outside of basic shelter, food, and transportation needs.

 

[EMPshockwave82]

Originally posted by: crazygirl
Unfortunately a gym membership, gas, clothes, computers, and furniture aren't included. I fear that I will have no money to use outside of basic shelter, food, and transportation needs.

Then you are not talking about if it is ENOUGH... you are talking about if it is enough to do everything you want whenever you want.

Yes, you're making enough money. If you don't think it's enough money then you have a couple choices. Find another job that pays more. Live somewhere that costs less. Manage your money better.

These things can be helped by budgeting. Sit down and write down where all of your expenses went for the past 2 months. If you are unhappy with how much you are able to do then look trough those expenses and see where cuts can be made.

"Can I live the way I want to on X dollars per year" is a question that a group of people on a forum can't answer. This one is up to you.

 

[EMPshockwave82]

I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

 

[crazygirl]

Originally posted by: theblackbox
is that 80k a year before or after taxes?

Pre-tax

 

[crazygirl]

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

 

[KLin]

Originally posted by: crazygirl

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

Care to share wth us the financial expectation for the average person?

 

[EMPshockwave82]

Originally posted by: crazygirl

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

Perhaps you should rethink in your life what is necessary and what is luxury. The figures I posted are 100% real and what I lived off of for 2 years. I'm not sure I can break this down any further for you. Thanks for playing.

 

[jagec]

Originally posted by: crazygirl

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

All right, now I'm convinced that you ARE a troll and don't feel guilty about my remark at all.🙂

Please please pleeeaasse tell me that you're JLGatby 2.0. This forum has lacked a good troll for many months. The current crop is pathetic, and none of their posts manage to be as infuriating as JLGatsby's snooty elitism and blatant materialism.

If you're not a troll, sorry, but you come off as being an elitist by pissing on the majority of Americans who do NOT make anywhere near $80k.

If you are...welcome.🙂

 

[crazygirl]

Originally posted by: EMPshockwave82

Originally posted by: crazygirl

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

Perhaps you should rethink in your life what is necessary and what is luxury. The figures I posted are 100% real and what I lived off of for 2 years. I'm not sure I can break this down any further for you. Thanks for playing.

I never doubted the validity of them, I was merely pointing out that the numbers were exceptionally conservative compared to the average person.

The average person has a higher insurance rate, drives many more miles, and has a car payment.

 

[TridenT]

Originally posted by: 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. 😉

LOL HE IS SO RIGHT! I can only pay 2,999K per month on my house ATM.

Totally went over his head 😉

Anyway, 80K is good cash. 50K after taxes, not so much. 😛 That gets you somewhere, but not everywhere 😉

I make $80,000K a year.

*eye roll*

 

[crazygirl]

Originally posted by: jagec

Originally posted by: crazygirl

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

All right, now I'm convinced that you ARE a troll and don't feel guilty about my remark at all.🙂

Please please pleeeaasse tell me that you're JLGatby 2.0. This forum has lacked a good troll for many months. The current crop is pathetic, and none of their posts manage to be as infuriating as JLGatsby's snooty elitism and blatant materialism.

If you're not a troll, sorry, but you come off as being an elitist by pissing on the majority of Americans who do NOT make anywhere near $80k.

If you are...welcome.🙂

Please see my above reply. It's extremely reasonable to budget in a car payment, more than 200 miles a month, and higher insurance costs. If you disagree, I think you are wrong.

 

[EMPshockwave82]

Originally posted by: crazygirl

Originally posted by: EMPshockwave82

Originally posted by: crazygirl

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

Perhaps you should rethink in your life what is necessary and what is luxury. The figures I posted are 100% real and what I lived off of for 2 years. I'm not sure I can break this down any further for you. Thanks for playing.

I never doubted the validity of them, I was merely pointing out that the numbers were exceptionally conservative compared to the average person.

The average person has a higher insurance rate, drives many more miles, and has a car payment.

I think you are over estimating what the average person makes................. Average person in California (arguably the most expensive state in the US makes just over 30k. (figure taken by the 60k 2 person family income divided by 2)

US Census average family income

 

[EMPshockwave82]

Originally posted by: TridenTBoy3555

Originally posted by: 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. 😉

LOL HE IS SO RIGHT! I can only pay 2,999K per month on my house ATM.

Totally went over his head 😉

Anyway, 80K is good cash. 50K after taxes, not so much. 😛 That gets you somewhere, but not everywhere 😉

I make $80,000K a year.

*eye roll*

yea... completely missed that until you pointed it out 🙁... maybe i'll fall asleep soon. laid down for 2 hours earlier without dropping... maybe i'll try again

 

[crazygirl]

Originally posted by: EMPshockwave82

Originally posted by: crazygirl

Originally posted by: EMPshockwave82

Originally posted by: crazygirl

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

Perhaps you should rethink in your life what is necessary and what is luxury. The figures I posted are 100% real and what I lived off of for 2 years. I'm not sure I can break this down any further for you. Thanks for playing.

I never doubted the validity of them, I was merely pointing out that the numbers were exceptionally conservative compared to the average person.

The average person has a higher insurance rate, drives many more miles, and has a car payment.

I think you are over estimating what the average person makes................. Average person in California (arguably the most expensive state in the US makes just over 30k. (figure taken by the 60k 2 person family income divided by 2)

US Census average family income

But it sounds like you made much much more than $30k a year, and your allocations were exceedingly conservative. Therefore it's clear that it takes a lot of money to do well in life... 🙁

 

[Scouzer]

I make more like $60k/yr, but this is my budget:

$680/rent
$435/car
$175/car insurance
$100/power & cable
$150/gas
$550/all other, entertainment & food etc.

Total: $2090/mo or $25k/yr

At your income level, that leaves you about a $40,000/yr buffer after tax. If you don't think you can get by on that... you are nuts.

 

[aceO07]

What exactly are your monthly expenses? It's a very vague question without knowing more details about how you spend money.

Though some people will say that it's hard to live in NYC with 80k, I know it's definitely more than possible. With 80k, I'd save over $2k a month. Of course I am very conservative. That doesn't mean I'd eat instant noodles everyday. I live decently. Laptops, gadgets and HDTV (for parents) in the last few months.

If the questions was 'is 80k enough to buy a house in NYC', I'd say it'd be much harder. For just living and enjoying life, I really don't see why it wouldn't be possible. If you didn't want to live how I'd live on 80k, on top of comfortable living there's still over 2k to spend...

 

[crazygirl]

monthly expenses vary.

 

[Tweak155]

Originally posted by: Scouzer
I make more like $60k/yr, but this is my budget:

$680/rent
$435/car
$175/car insurance
$100/power & cable
$150/gas
$550/all other, entertainment & food etc.

Total: $2090/mo or $25k/yr

At your income level, that leaves you about a $40,000/yr buffer after tax. If you don't think you can get by on that... you are nuts.

This is very close to mine... I hit just over $60k this year (5k went to moving though) and I still saved a lot of money...

$665/rent
$525/2 cars
$90/car insurance (someone else pays the other one)
$100/power & gas
$300/student loans
$400/ food & entertainment

Comes to $2080/mo. I try to put extra toward the car I bought that I put $5k down on that I earned THIS year.

 

[Born2bwire]

Originally posted by: crazygirl

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

Oh, you're going to be a fun one.

 

[crazygirl]

Originally posted by: Born2bwire

Originally posted by: crazygirl

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

Oh, you're going to be a fun one.

Do you think the AVERAGE person drives 200 miles a month? Not having a car payment is quite rare as well.

Stop being snide.

 

[Alone]

I make 30k/year before taxes and I'm still doing alright. Fuck off.

 

[rh71]

Hell, a part time job can cover any extra-curricular activities... so your salary is fine for simply living.

Let me ask this way - did you think everyone living on the west coast made 6 figures? There are websites for this info... such as http://www.city-data.com/ ...

According to my mint.com... we (2 of us plus 2 kids) on Long Island spend between $4-5k a month... mortgage, taxes, insurance, utilities, food, gas, funstuff, etc. So theoretically our family could get by on $60k net combined if we had to, and not even have to cut anything out.

 

[GodlessAstronomer]

Originally posted by: crazygirl

Originally posted by: Born2bwire

Originally posted by: crazygirl

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

Oh, you're going to be a fun one.

Do you think the AVERAGE person drives 200 miles a month? Not having a car payment is quite rare as well.

Stop being snide.

Driving is a choice. I drive zero "miles" a month.

 

[amicold]

Originally posted by: crazygirl

Originally posted by: EMPshockwave82

Originally posted by: crazygirl

Originally posted by: EMPshockwave82

Originally posted by: crazygirl

Originally posted by: EMPshockwave82
I'm in a better situation now but my budget went:

1080 / month rent
300 / month food
300 / month utilities
40 / month car insurance
no car payment
had furniture
drove about 200 miles a month so gas wasnt an issue. paid more in rent to live closer to work so I could walk


this left about 600 / month for my credit card and fun.

This is an exceedingly low financial expectation for the average person. Many of those figures are not realistic.

Thank you for sharing though, it's interesting.

Perhaps you should rethink in your life what is necessary and what is luxury. The figures I posted are 100% real and what I lived off of for 2 years. I'm not sure I can break this down any further for you. Thanks for playing.

I never doubted the validity of them, I was merely pointing out that the numbers were exceptionally conservative compared to the average person.

The average person has a higher insurance rate, drives many more miles, and has a car payment.

I think you are over estimating what the average person makes................. Average person in California (arguably the most expensive state in the US makes just over 30k. (figure taken by the 60k 2 person family income divided by 2)

US Census average family income

But it sounds like you made much much more than $30k a year, and your allocations were exceedingly conservative. Therefore it's clear that it takes a lot of money to do well in life... 🙁

If you are having trouble living with $~50k post tax you are living ABOVE YOUR MEANS. I'd advise being or playing poor for a bit and make yourself a bankroll. Oh and if you're not a troll, you're a bitch.

 

[Dacalo]

This thread has this written all over it.

Oh noes! $80k!