Reply to s/o - How much should a DH who WOH earn?

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[quote=Anonymous][quote=Anonymous]My thought on this--while maybe off topic? Is how much in general do you feel you have to make to feel comfortable.  As the recent Washingtonian article pointed out--I am not sure how much our HHI could be so that we would feel we are not living paycheck to paycheck.  When we first got married as Naïve early 20s in this area we thought 150k, but now two kids in even making more than that ( not by a lot), we still live paycheck to paycheck.  I know the daycare ages are hard, and we are still paying of school debt and in a few years it will get easier. I guess my thought is as others have said to me it's more about the family as a whole, where you want to live ( for us closer in so our commute is not ridiculous and we get more time with the family is important), what expenses do you have, and what can you get by on. This answer is different for everyone.[/quote]

I think it gets hard to generalize on incomes because we start from different places and have different burdens. When my wife and I got married in our mid-30s we didn't own our homes and had about $20k of non-retirement assets. We bought a home when the market was hot and had a couple kids. Our mortgage plus utilities are $2500 a month with 20 years to go and we should really start saving for college. Our HHI is under $100k and we're struggling to pay some hefty medical and dental bills. $150k would be a dream for me and we'd still spend every cent.

And I have a friend who go into a very well-paying career at 23, got help with buying a close-in house and paid it off before 35, so that's a huge zero on her budget.  Her daughter is "easy" in health and disposition, she job has great benefits and she would not have to cut anything (except savings) if her income was $50k.

And then there are the endless threads on DCUM of folks feeling poor at $400k. [/quote]

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