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Reply to "Can you survive with 7,000 monthly income after taxes ?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It costs me $5,100 per month to run the house. That includes mortgage (PITI), food, utilities, car insurance, house cleaners, and lawn service. This also includes $500 into my car fund for when I'll need to buy something. That leaves me with $1,900 for play money. You mention after taxes---just taxes or all the other stuff that comes out of your paycheck like 401K contributions and insurance premiums. If the $7,000 is after taxes but not including other contributions, then it gets tougher. I'm 50 so I put away 2500 into my 401K so I would have 4,500 and then another $300 for insurance so now I have $4,200. I could take away the car savings and run the house on $4,600. But I'm still short $400 so I would have to scale back my retirement contributions.[/quote] Are you really that tone death? You'd live in a house that costs far less. You don't have lawn service or house cleaners or a car fund. [/quote]+1. It’s not that difficult to vacuum, clean a toilet, or scrub a tub. [/quote]
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