Reply to I hate being stuck at $230k HHI and feel poor AF

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Reply to "I hate being stuck at $230k HHI and feel poor AF"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What's your budget?  You bring home probably around $10,000 or $11,000 a month, right?  And pay, what, $3000 or $3500 towards your mortgage?  Where does the rest of it go? [/quote]

I wish it were this month per month. After taxes health care and 401k max, $230k is trash income. Like I said, I make about $150k and after taxes, 401k healthcare and all of the deductions, I'm only pulling $5000 per mo.  My spouse who makes $72k and who contributes only 13% only pulls home about $3500 per mo after contributions, tax, and other deductions.  Total take home is about $8500 per mo.  Mortgage is $3100 for a $560k loan at 2.87% interest. Internet 80, gas + electric  =$200-300, entertainment on streaming apps = $50, groceries = $500-600 per mo..other crap for gas, clothes etc. Not even counting. Then when you get hit with surprise car and hkuse repairs I just get crushed.  I feel so stupidly poor on this salary. How the hell do American families making less than $100k survive? The median hhi is well below $100k, so clearly people with families are doing it. I'm also dumbfounded by the savings levels and invesmtnet levels by people on this forum purportedly to be single moms making $140-170k who claim claim to have $50k in emergency savings, $700k in retirement, and $100k saved for college. Yeah sure, do you ever have a home repair, major car repair, or need a new car?  I just can't believe these #s on this forum.[/quote]

You're only spending half your take home.  Unless you have another $4k/month in expenses, I'm not sure why you say you don't have any money.[/quote]

$8500 per mo.take home.

-$3100 mortgage
-$300 gas + electric
-$80 internet
-$100 cell phone
-$600-800 groceries
-$125 gas
-$150 car insurance

=-$5000 before counting for any health problems, car repair, clothes, health care, savings, weddings, parties, and other emergency expenses.  [/quote]

If you need more than 3500 a month for clothes, parties, and other such emergencies, I can’t help you. [/quote]

You’re spending too much on groceries and gas and gas/electric. Turn the lights out when you leave each room and lights out when you leave home.  Thermostat to high of 70 max winter. If you have car notes you should really have car repair.  You’ve got $3000 unaccounted for.  Do a budget.  How much are you really spending and on what? Are you ordering Uber eats and take out or restaurant food.

Something is off [/quote]

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