0 right now - unemployed

Used to be 80 to 100K HHI for the last 5 years, with 2 young children.

Mortgage, no other debt.

It perfectly do-able - if you actually have a job!!!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a teacher- I will never make 100K.

Yes, but you get summers off and huge breaks throughout the year, not a bad deal really.

Don't forget good paid for insurance and pensions. If you factor in writing ssd teachers do get paid over 100k

I wasn't aware benefits were that much, and I was aware that pensions and benefits paid the bills...

You weren't aware because they aren't.

HHI is 65K for family of 2. Was 85K for family of 3 before I became a single mom 2 yrs ago.

BS, <5K in student loans left, worked thru undergrad, 1 in daycare still, own in DC, small mortgage, under 30yo. My income will continue to climb over time. Another who is doing better than my parents. I feel really fortunate for what I have.

Anonymous wrote:

Anonymous wrote:Curious to know if the folks making under 100k have student loans and how much? Did you pursue advanced degrees?

Many people earn who earn under 100K have advanced degrees.

I have a BA and an MA. I had to work my way through college and also took out loans (no college fund and very little parental support). I have about 50K in loans.

I have a BA and an MA (from a top tier program). I make under 50k but expect to increase this to 75k or more in the next 5 years. I have 20k left (or so) in loans and and saving up to pay them off asap. No other major debt.

Anonymous wrote:Curious to know if the folks making under 100k have student loans and how much? Did you pursue advanced degrees?

Many people earn who earn under 100K have advanced degrees.

I have a BA and an MA. I had to work my way through college and also took out loans (no college fund and very little parental support). I have about 50K in loans.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a teacher- I will never make 100K.

Yes, but you get summers off and huge breaks throughout the year, not a bad deal really.

Don't forget good paid for insurance and pensions. If you factor in writing ssd teachers do get paid over 100k

I wasn't aware benefits were that much, and I was aware that pensions and benefits paid the bills...

Anonymous wrote:Curious to know if the folks making under 100k have student loans and how much? Did you pursue advanced degrees?

No student loans here, or actually any debt at all (we rent so I don't have a mortgage). I went to grad school (an Ivy) in the mid-90s and paid about $16K a year in tuition for 2 years. Seemed like such a huge sum at the time; now you can't even send your kindergartener to private school in DC for that. Anyway, my loans are long paid off. Although I realize I didn't have the big time loans of someone who went to med school or law school.

My spouse and I both have advanced degrees, but combined about 12k in student loan debt total. We both worked through school, hard as hell, but now kids+work seems almost easy in comparison.

Hhi 110k
Renting a townhouse in chevy chase. 270k in med school loans. Live in nanny. Just counting the years until residency is done and we can actually try to save a penny

Anonymous wrote:

Anonymous wrote:I'm a teacher- I will never make 100K.

Yes, but you get summers off and huge breaks throughout the year, not a bad deal really.

Don't forget good paid for insurance and pensions. If you factor in writing ssd teachers do get paid over 100k

Curious to know if the folks making under 100k have student loans and how much? Did you pursue advanced degrees?

How does spring break, winter break and all summer off equate to 2 weeks extra?

family of 6, dh makes around 100k but works for himself so taxes, insurance come out of that-
I recently finished school and will be entering the workforce which has been our "secret bullet plan" for college funds. We do okay but have no college savings and have kids not too far off.
We definitely feel poor in the neighborhood we managed to buy (15 years ago- housing prices have tripled) and the public schools are very good, so thats good. But our vacations are mostly to see family, and we do not splurge on much. Its hard as kids get older and 1. grow fast 2. care about what they wear 3. see friends who live large.
Its all a good lesson and they get that they are very lucky- but it can be uncomfortable at times.
I think when I go to work, our day to day income will not seem to have changed- between having maximum taxes deducted, and packing the 529s.

$31,000 for a family of 3.

We are so very, very lucky. We sold our last house (in a different city) for a huge profit, and bought a house in a then-underappreciated, now-booming neighborhood in DC. So our mortgage payment is quite small. We married very young and worked all through college, so no student loans. We have a clunker car that we bought 10 years ago for cash, and it seems to be doing ok. We used to make around $100k, but then my husband got sick, so now he's out of work and I work part time in a great job with full benefits, since he is not well enough to do housework and kidwork all the time. If he gets healthy enough to work again, it'll be like winning the lottery for us.

Family of 4. Used to make 50k. Now its 40k. I wish I would have been more appreciative at 50k. But that's okay I have learned and you will not hear me complain now.