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Reply to "200k is not much money"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I was talking to a friend the other day who is adamant that 200k is not enough money to raise a kid on and to have savings and a nice life. I thought she was SO out of touch! [/quote] As someone whose family once made half that (with kids) she's definitely out of touch. Even now we're not to 200K a year. And while we can't do unlimited spending, we certainly don't feel impoverished. The only way a family would have an extremely tight budget on that salary is because of poor planning: huge student loans, enormous mortgage (Not necessary. In this region, it's a luxury.). Maybe all of the above plus private schools. [/quote] What do you consider an "enormous" mortgage vs. just plain reality in this area? It's not like rents are cheap either if home ownership is too much of a luxury item.[/quote]
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