Depends on where you are. In most places $75k is a great salary for a single person and sufficient to support a middle class family by itself. In a city where cost of living is sky high it may be only barely middle class and unable to support a family with a decent quality of life by itself.
Living along 495 in MA (major highway in a 30 mil radius out from Boston), it's all small towns and mediocre cities. Most people make 50k and barely get by, you need 60k to start saving anything really. I make 80k and hate my life because I only save 20k per year and never even get to sperge. I haven't traveled in my life, never go to bars, and my apartment is shit.
I remember when I got to $50k I felt I could cover all my expenses without worrying much, but not able to save very much. Now at $75k I am very cofmortable, saving a good amount, and able to travel & enjoy some nice things.
>>1026752 I think $100,000 is 100% acceptable if you start at 22 with no debt and a $50,000 starting fund from your parents to get a decent condo or go into a business.
Upkeep isn't really a problem for me even at 80k, but starting funds is. Took me 1 year to get a job after college and 3 years to pay off my debt, then another year to get a used car and the first/last/security/furniture on an apartment. If I didn't have debt and had a starting fund instead it would have been a 4 year head start from my life right now.
>>1025266 >Rent $2,000 In most cities outside NYC/CA, $2,000 gives you an amazing life. You can find 1,000+ sq ft spaces for $1,000/month in Columbus, OH for example >food 500 What are you fucking retarded? >fun 600 Who spends 600/month on "fun"? What are you skiing every fucking weekend in Aspen? >health etc 500 Fucking retarded. Your company can pay for a chunk, even then 500 is way too much for just you you fucking faggot. What are you a smoker for 50 years who works in a coal mine? Why is your health insurance so high? >Car/transport Maybe, but you're getting a pretty nice car unless you have a terrible crash history and high auto insurance. >utilities and other bills 500 absolutely fucking retarded
you should not be advising anyone financially. your estimates (probably based on your own faggot expenses, or you're some faggot 17 year old kid who knows nothing) your estimates are retarded, and if they reflect your own buying behavior then you're an idiot with your money
I would say 40k will get you by, but you won't own a new car, eat out every night, or go on expensive vacations twice a year.
Adding a kid into the mix would require 60k IMO. Wife can't work because you don't want daycare and public school raising him. You also want to save a bit so you have something to give him when he is responsible with money.
>make 32k as a temp >should make about 40k + benefits when I get a permanent offer. They don't string temps along >non-exepmt salary so I get OT >people rarely work over 40 a week >2k/month, live at home >$500/month gives me a social life, personal expenses and hobbies >other $1500 will go to loans until august when they are paid off then savings for a house >plan on getting my own place in 2 years.
Work-life balance will probably cap me at 65-70k after I job hop to something better.
the average household in canada brings in 65k i believe, with the average salary being in the high 40s. I make 70-80k on my own, so by standards that's above average and very good...but I'm still struggling. everything is terrible.
>>1027339 >Being this angry >Claiming 'good' = Columbus Ohio >$125 per week for food is 'fucking retarded' >$20 per day for 'fun' = implying skiing in Aspen >So angry over a modest family healthcare plan >Rages over conservative estimate for utilities in nice house Stay mad, bro. You might have read some of my shitposts about $300k in saving & investments @ 32y/o Your definition of 'good' is so fucking pleb it hurts.
As a 22 year old, I have a 50k salary, which is about $1,400 bi-weekly (due to insurance, taxes, etc) - $1,000 for monthly rent - $500 monthly loans (I only owe $200, but fuck it, I don't like loans) - somewhere between $100 to $200 monthly on food (I only cook myself. I don't go out to eat), depending on how much I treat myself with steaks + I live walking distance from work, stores, an entertainment so I don't use a car
So basically 1 of my 2 pays per month goes straight into expenses, but the other pay is straight savings.
>>1027523 It's difficult for me to gauge because a stagnant salary put me in a pretty deep hole that I'm still trying to climb out of.
Almost 10 years ago, I was able to pay a school loan, a car loan, and a mortgage on $40K. By the time I jumped ship to another job for $60K, I was about to drown. The last 2 years I had on-and-off employment (because IT is a fucked up field), so I was back and forth between $30K and $72K. Started to pull ahead, knocked back down, started to pull ahead, knocked back down.
Now I make $60K and more or less tread water. Still have the school loan and mortgage but no car loan. Slowly paying down a debt of roughly $30K (mostly side business debt for yet unsold inventory so not a total loss yet). Once that's over with, I should do alright.
Thread replies: 56 Thread images: 6
Thread DB ID: 368783
All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
This is a 4chan archive - all of the shown content originated from that site. This means that 4Archive shows their content, archived. If you need information for a Poster - contact them.
If a post contains personal/copyrighted/illegal content, then use the post's [Report] link! If a post is not removed within 24h contact me at email@example.com with the post's information.