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Reply to "40% of people making 500K/year are living paycheck to paycheck"
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[quote=Anonymous]My spouse took a fed VERa and we have taken a 25 % hit to our net HHI as he is figuring out what’s next. We literally just sat down and went through what we are cutting in our budget. Our budget is “tight”, but it still accounts for retirement savings and savings for our big ticket items over the course of the year. HHI was 450K, the drop was probably 1/3 but because of tax shifts it is only a 1/4 drop in net. In any event, we can make it work with some adjustments to our spending and we continue to save. Accounting for every dollar through either budget or savings is not paycheck to paycheck.[/quote]
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