Reply to Study shows that 350k/year is barely scrapping by as middle class

Forum Index » Money and Finances

Reply to "Study shows that 350k/year is barely scrapping by as middle class"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am a real example of how 350K can be Middle Class.

I was living in a paid off house with a stay at home wife and no kids in college making that much money. I would got to Turks and Caicos on vacation, buy wife a new car, had a BMW.

Well job ended, had to get new one. Same salary, much more expensive location and had to move. Now I have mortgage and my house costs me $3,700 a year. My kid started college and I have a second one starting in Fall. My college I am doing out of non-college savings as I only have enough for youngest and may be forced in early retirement. I will pay in Fall $8,000 a month for college on ten payment plan. Now I do $2,000 a month in 401k,

So I am up to $13,700 a month. Rest of bills car insurance, kids, food, you name it around $4,000 a month. So I am at $17,7000 month budget.

I cant afford nothing, have not been on a real vacation in three years. My car is a nine year old american car overdue for an oil change. My wife a 8 year old american car. [/quote]

I did a cursory read and thought you wrote "buy new wife". That would be a definite UMC thing, to upgrade your wife ;) [/quote]

His wife is an 8 year old American car, definitely time for an upgrade.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics