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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[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]

OP is also saving super aggressively for retirement and then calling what is left (which pays a 3k mortgage and a nice lifestyle with money leftover) "trash money."

Guess what, the money going into your 401ks is also your income. You are making the choice to save very aggressively for retirement while also building equity in a home. That money is actually still yours, it's just allocated to investments. That's it.

If it feels like you need more cash, you could have more cash very easily. Reallocate your income to create more cashflow. It can be a small adjustment.

Problem solved. OP, you are being melodramatic about this and you don't actually even have a problem.[/quote]

Yep.  OP has tens of thousands of extra dollars a year to do whatever the hell she wants with, plus tens of thousands going into retirement savings every year, plus home equity that's growing steadily every year.  That is not poor by any stretch of the imagination.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics