Reply to Salary question for those of you pulling in the big bucks.

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[quote=Anonymous][quote=Anonymous]
Whoa! This has really gone off in an unanticipated direction.

Ladies and gentlemen, this is not a striving post. I'm not talking vacation homes and where you eat out on a regular basis.

Comfortable. It means not crying with each in-coming bill. It means being able to get groceries every two weeks, not calculating how many nights in a month you can make use of the 10 for $10 pasta you bought on sale.

Today, I had to choose between buying grapes or strawberries. I'm REALLY looking forward to leaving this bullshit behind.

Since most posters tend to whinge on about scraping by with salaries much higher than I'll ever earn, I was interested to know what burden even high earners were struggling to meet (like the oft cited enormous law school debt of 400K or mortgage payments more than double my own).

In my own way, I'm trying to comfort myself that things won't continue to be such a struggle once I'm making 80-90K. Most DCUMers would shoot themselves or go flying out of windows at the prospect of such a low salary. BUT, absent the big monthly obligations noted above, I wonder how much it would matter?

Stop projecting materialistic aspirations. And lay off the lectures. They are really off the mark.

07:55 and 13:45 were very helpful and straight forward. Thanks.[/quote]

(7:55 here). I totally understood where you were coming from and didn't find your question weird at all! I was totally baffled by some of the other responses. Maybe because I'm not living in the $500k la la land some of the posters seem to be posting from.

OP--fwiw, our salary only recently hit $240k. 3 years ago we were making more like $150k, but with no daycare (pre-kid) and our mortgage was $3000 not $3500. (we refinanced down to a 15 year mortgage, we did not trade up our house.) We still felt like we lived very comfortably at that point, not extravagantly, but still able to afford vacations, fancy grocery splurges, had a fully funded emergency fund, and put money into savings every month. Taking into account the mortgage difference, that's $18000 a year, with taxes etc call it $25k difference. So, at effectively $125k, I felt like we had a [b]very[/b] comfortable lifestyle. We never stressed about money or worried about covering a car repair or other unexpected expense.

It sounds like you're doing a good job of being fiscally responsible, and as long as you keep doing that, it's likely to continue to get better assuming you have the kind of career where you can reasonably expect to advance. Good luck![/quote]

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