Anonymous
10/28/2022 15:23
Subject: Re:Half of six-figure earners live paycheck to paycheck
Anonymous wrote:We’re definitely living paycheck to paycheck, even though our HHI is around $475K. Here’s our monthly budget:
+ $40,000 INCOME
- $3,400 401k
- $1,000 IRA
- $10,500 INCOME TAXES
- $1,200 PROPERTY TAXES
- $400 PERSONAL PROPERTY TAXES
- $4,000 MORTGAGE
- $600 INSURANCE (ALL TYPES)
- $1,500 COLLEGE 529 PLANS
- $500 UTILITIES
- $500 CABLE / CELLULAR
- $2,000 CAR PAYMENT / AUTOMOTIVE
- $1,000 GROCERIES
- $1,500 DINING OUT
- $3,000 TRAVEL
- $2,000 CLOTHING / HOUSEHOLD ITEMS
- $2,500 HOME MAINTENANCE / REPAIR
- $3,500 TAXABLE BROKERAGE
- $900 MISCELLANEOUS
We have less than $1,000 left each month for miscellaneous and unexpected expenses. We only have $2K in our savings account. The situation is pretty serious. Heaven forbid we have to come up with money for unexpected healthcare.
between savings and purely discretionary spending, it looks like you're about $10,400 a month past being pay check to pay check and that doesn't even include 2k worth of car payments as discretionary. I really hope this was a troll
Anonymous
10/28/2022 15:21
Subject: Re:Half of six-figure earners live paycheck to paycheck
Anonymous wrote:Anonymous wrote:We’re definitely living paycheck to paycheck, even though our HHI is around $475K. Here’s our monthly budget:
+ $40,000 INCOME
- $3,400 401k
- $1,000 IRA
- $10,500 INCOME TAXES
- $1,200 PROPERTY TAXES
- $400 PERSONAL PROPERTY TAXES
- $4,000 MORTGAGE
- $600 INSURANCE (ALL TYPES)
- $1,500 COLLEGE 529 PLANS
- $500 UTILITIES
- $500 CABLE / CELLULAR
- $2,000 CAR PAYMENT / AUTOMOTIVE
- $1,000 GROCERIES
- $1,500 DINING OUT
- $3,000 TRAVEL
- $2,000 CLOTHING / HOUSEHOLD ITEMS
- $2,500 HOME MAINTENANCE / REPAIR
- $3,500 TAXABLE BROKERAGE
- $900 MISCELLANEOUS
We have less than $1,000 left each month for miscellaneous and unexpected expenses. We only have $2K in our savings account. The situation is pretty serious. Heaven forbid we have to come up with money for unexpected healthcare.
No, you are NOT living paycheck to paycheck if you live this way. Unbelievable how dense people are.
that's living pay check to pay check, meaning they aren't gaining disposable income every month.
Anonymous
10/28/2022 15:19
Subject: Half of six-figure earners live paycheck to paycheck
Anonymous wrote:I'll play. I make $105k.
Preschool: $725/m
Aftercare: $270/m
In-home daycare: $1200/m
Rent: $2000/m
Food: $500/m
Phone: $90/m
Internet: $60/m
Utilities: $300/m
Car insurance: $110/m
Medication: $80/m
Gas: $150/m
I usually have about $900/m left for anything that comes up- a kid's field trip, medical expense, household products (soap, toiletries, toilet paper, etc), if my kids need new clothes or shoes, a gift, god forbid if we need a car repair or something.
Forgot to mention I haven't paid my student loans since they were frozen, but if I have to pay those again it's $350/m. I'm hoping they will be forgiven I have $8500 left.
Anonymous
10/28/2022 15:17
Subject: Half of six-figure earners live paycheck to paycheck
I'll play. I make $105k.
Preschool: $725/m
Aftercare: $270/m
In-home daycare: $1200/m
Rent: $2000/m
Food: $500/m
Phone: $90/m
Internet: $60/m
Utilities: $300/m
Car insurance: $110/m
Medication: $80/m
Gas: $150/m
I usually have about $900/m left for anything that comes up- a kid's field trip, medical expense, household products (soap, toiletries, toilet paper, etc), if my kids need new clothes or shoes, a gift, god forbid if we need a car repair or something.
Preschool: $725/m
Aftercare: $270/m
In-home daycare: $1200/m
Rent: $2000/m
Food: $500/m
Phone: $90/m
Internet: $60/m
Utilities: $300/m
Car insurance: $110/m
Medication: $80/m
Gas: $150/m
I usually have about $900/m left for anything that comes up- a kid's field trip, medical expense, household products (soap, toiletries, toilet paper, etc), if my kids need new clothes or shoes, a gift, god forbid if we need a car repair or something.
Anonymous
10/27/2022 18:18
Subject: Re:Half of six-figure earners live paycheck to paycheck
Anonymous wrote:We’re definitely living paycheck to paycheck, even though our HHI is around $475K. Here’s our monthly budget:
+ $40,000 INCOME
- $3,400 401k
- $1,000 IRA
- $10,500 INCOME TAXES
- $1,200 PROPERTY TAXES
- $400 PERSONAL PROPERTY TAXES
- $4,000 MORTGAGE
- $600 INSURANCE (ALL TYPES)
- $1,500 COLLEGE 529 PLANS
- $500 UTILITIES
- $500 CABLE / CELLULAR
- $2,000 CAR PAYMENT / AUTOMOTIVE
- $1,000 GROCERIES
- $1,500 DINING OUT
- $3,000 TRAVEL
- $2,000 CLOTHING / HOUSEHOLD ITEMS
- $2,500 HOME MAINTENANCE / REPAIR
- $3,500 TAXABLE BROKERAGE
- $900 MISCELLANEOUS
We have less than $1,000 left each month for miscellaneous and unexpected expenses. We only have $2K in our savings account. The situation is pretty serious. Heaven forbid we have to come up with money for unexpected healthcare.
No, you are NOT living paycheck to paycheck if you live this way. Unbelievable how dense people are.