Reply to controversial opinion: money & finances edition

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Anyone who makes $200k plus and is "scraping by" has poor judgment.[/quote]

So is having two kids poor judgment?  Because the average daycare in this area is $2,100.  Per child.  You can probably find a cheap nanny for $3k per month.  Let’s say your mortgage is at least $3k.  You also need to save at least $500 per month per kid in a 529.  This means you have $7k of fixed expenses and you probably bring home around $10k per month.

That being said, I waited until I was older to have kids and we make way more than 200k.  But I absolutely understand why once you have kids in this area it’s hard to get by on 200k and have anything leftover unless you want to live with your family in a one bedroom apartment, not save for college etc.  Having one parent quit working only helps in the short term and will screw you in retirement.

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This is literally absurd. You have just desceived a prosperous UMC life with home ownership, kids, and substantial savings. Listen to yourself. [/quote]

Well there’s almost no wiggle room in the budget for this prosperous UMC family.  Almost all of their income is going towards college costs, childcare and their mortgage.  I wouldn’t call that prosperous.

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This poster has no idea what life is like for most people. Expensive childcare options and full college savings is the definition of wiggle room.  You really have to spend more time talking to poor, working poor, and middle class people.  With this mentality you should have nothing but the utmost respect for working class people. I mean you should have nothing but the most respect and regard for the working class people and their struggles. Because you feel you have no wiggle room after health insurance, college and retirement savings. You may even have a company match helping you with retirement. You will fully fund your child’s education, which will give your child a huge advantage unavailable to most. Most people work very hard at jobs that will never support this type of security that you deem the minimum with no “wiggle room.”  Wiggle room for what? The things you have already accounted for are the things that most see as what they wish they had wiggle room to save for. 
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