Reply to 150k/yr is bad now

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Reply to "150k/yr is bad now"

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[quote=Anonymous][quote=Anonymous]anything under 200k for family of  4 is lower middle class.  [/quote]

Poster from McLean or Potomac chiming in.

200k depends.  We are at just over 200k and we are fine.  That said we have a small house (by today’s standard) with an even smaller mortgage.  This helps a ton.  If we were in the market today, without equity, or family help, buying a home would be tough.

With our salary, we have our home, take one nice vacation per year, with other local trips too, have two newer cars, college savings and retirement that’s in decent shape- probably should have invested more earlier, but we made almost nothing in our 20s.  Lesson learned is that even if you make nothing, something invested into an IRA or 401k is better than nothing.

Long post, but to OP, 150k only feels paltry because of lifestyle creep.  We are guilty of it too.  Cable TV, four iPhones, couple trips overseas, Netflix, Spotify, iCloud…crap adds up.  At our salary, we realize we can’t have it all.  Where we cut/save is shopping at Aldi, going to thrift stores for clothes- daughter turned me onto this, and not eating out a lot.  Not eating out is the easiest to give up- it’s so expensive and usually not that great.[/quote]

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