Reply to Is 250k a bad salary now for a man?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM[/quote]

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income 
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) -  $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out).  I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.  [/quote]

Don’t stop there! I’d LOVE to see where your 92k after housing and savings goes.  Are you getting your hair colored with actual gold?[/quote]

It’s so easy to spend money.  We make more than that and spend 60k for 2 kids in private school 10k per kid for summer camp … I could go on.

PP said her kids do travel sports - depending on the sport that’s easily over 20k, multiply that by number of kids an you can be broke even sending them to public school.[/quote]

I have three kids in travel sports and we don’t spend that much.

I agree, it’s incredibly easy to spend money, but it’s also incredibly unnecessary to *waste* money the way some of you do…[/quote]

But who are you to decide what's a good versus wasteful use of someone else's funds?  The question of how much income is enough is highly personal.  [/quote]

That’s what this entire thread is about, sweetie. Asking people if 250k is “bad” for a man. The answer is objectively no. The fact that some of you *choose* to flush obscene amounts of money down the toilet doesn’t change that.[/quote]

Obviously, she doesn’t view her family’s spending as “flushing obscene amounts of money down the toilet” - that’s all you and your small mind.  [/quote]

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