Reply to Study shows that 350k/year is barely scrapping by as middle class

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Reply to "Study shows that 350k/year is barely scrapping by as middle class"

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[quote=Anonymous][quote=Anonymous]$135k in “just the basics” utilities, mortgage, gas, car?!

No. You have decided that luxuries are “basics.” You have bought a home in an expensive area and leased an expensive car. When luxuries become necessities, you do start to feel poor.

[/quote]
I said that's my entire planned budget. That includes everything that I plan for - including food for 5 people, medical bills, household items, etc. By far the largest expense is $3800 (PITI) for my mortgage. Yes, I opted to live somewhere close to work with decent public schools. Could I knock this down by $1000/month by living much further out - yes. My quality of life would suffer in ways that aren't worth the savings to me. The best money allocated in that budget is about $5K a year for a cleaning lady. I'd cut lots of other stuff before that.

If my $23,000 Kia is an expensive car, I guess I'm doing something wrong.

I also never said I feel poor. I just said I don't feel as rich as I thought I would making over $300K a year.[/quote]

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