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Reply to "How do people live on 160k?"
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[quote=Anonymous]We live on 160k. I don't feel rich at all but it's not that hard? When you say "all your bills are paid" what is included in that? You mean just essentials like utilities, mortgage, taxes, etc., or does that include all your discretionary spending that goes on a credit card? Because we make 160k and we still go on vacation, go out to eat and get take out, subscribe to streaming services and magazines, etc. Not like constantly and not more than we can afford but we do all that stuff. So at the end of the month if we have $1k leftover after retirement savings and bills that include all our discretionary expenses, we just go "good job" and put it in a savings or investment account because turns out that even with living a pretty nice life we still have more money leftover.[/quote]
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