Anonymous
04/21/2023 12:02
Subject: Re:If you classify yourself as UMC, how much do you spend in total each month?
Anonymous wrote:Anonymous wrote:750k base plus $1-2m bonus
We live off just the base and save bonuses.
35k monthly take home
8k mortgage
2k country club
5k bills, insurance, cleaners
10-20k credit card spending on food, entertainment, travel
We don’t save anything from base salary. We will tap into bonus for renovations or larger purchases like a car.
How is this UMC?
It's not. People on DCUM are too stupid to know what middle class is, so you get answers like this.
Anonymous
04/21/2023 12:01
Subject: If you classify yourself as UMC, how much do you spend in total each month?
Anonymous wrote:DCUM middle class here with HHI about low $600s.
Just did this exercise recently and have about $9k mo expenses for family of 4.
This includes:
Kids activities
Pre school
Birthdays
Car maintenance
Gas
Utilities
Clothing
Food
Vacation
Home
And average about about $9k month and mortgage all I’m at $4k. We have no car payments.
600K salary put you in the 1%. By definition, it's not middle class. It's the top.
Anonymous
04/21/2023 10:48
Subject: If you classify yourself as UMC, how much do you spend in total each month?
DCUM middle class here with HHI about low $600s.
Just did this exercise recently and have about $9k mo expenses for family of 4.
This includes:
Kids activities
Pre school
Birthdays
Car maintenance
Gas
Utilities
Clothing
Food
Vacation
Home
And average about about $9k month and mortgage all I’m at $4k. We have no car payments.
Just did this exercise recently and have about $9k mo expenses for family of 4.
This includes:
Kids activities
Pre school
Birthdays
Car maintenance
Gas
Utilities
Clothing
Food
Vacation
Home
And average about about $9k month and mortgage all I’m at $4k. We have no car payments.
Anonymous
04/21/2023 07:26
Subject: If you classify yourself as UMC, how much do you spend in total each month?
Anonymous wrote:Several posters commented how expenses were higher than they will be later due to kids being in daycare. Just wanted to comment that this was not my experience at all. Yes elementary age expenses go down but then expenses go way up. Instruments, lessons, clothes, shoes, sports, camps. Even travel expenses go way up when you always need two rooms instead of one. My teenage son’s food was through the roof. And daughter homecoming was hundreds of dollars. I found high school years to be way more expensive than infant years.
These expenses aren’t necessities. These are your lifestyle expenses. Expense are lower for parents that don’t choose not to live this lifestyle in high school years ( travel, sports, music lessons, etc).
Expenses in daycare years are necessities. You can’t avoid them.
Anonymous
04/21/2023 07:19
Subject: Re:If you classify yourself as UMC, how much do you spend in total each month?
Anonymous wrote:Your class has nothing to do with how much you spend per month. People really have a difficult time with this concept.
The question is not tell me how much you spend and I’ll tell you in which class you belong. The question is if you consider yourself UMC, how much do you spend.
Besides, you are wrong to believe that your class has nothing to do with spending. You cannot spend 60k every month if you are low class. You are definitely upper class if you spend 60k a month.
Anonymous
04/21/2023 00:01
Subject: Re:If you classify yourself as UMC, how much do you spend in total each month?
Anonymous wrote:750k base plus $1-2m bonus
We live off just the base and save bonuses.
35k monthly take home
8k mortgage
2k country club
5k bills, insurance, cleaners
10-20k credit card spending on food, entertainment, travel
We don’t save anything from base salary. We will tap into bonus for renovations or larger purchases like a car.
How is this UMC?
Anonymous
04/20/2023 23:25
Subject: If you classify yourself as UMC, how much do you spend in total each month?
Anonymous wrote:Gross $314k
Take home $12.5k/mo.
Spend $9.4k/mo
Remaining goes to college, taxable savings, and Roth IRAs
Why is your take home so low?
Anonymous
04/20/2023 22:54
Subject: Re:If you classify yourself as UMC, how much do you spend in total each month?
750k base plus $1-2m bonus
We live off just the base and save bonuses.
35k monthly take home
8k mortgage
2k country club
5k bills, insurance, cleaners
10-20k credit card spending on food, entertainment, travel
We don’t save anything from base salary. We will tap into bonus for renovations or larger purchases like a car.
We live off just the base and save bonuses.
35k monthly take home
8k mortgage
2k country club
5k bills, insurance, cleaners
10-20k credit card spending on food, entertainment, travel
We don’t save anything from base salary. We will tap into bonus for renovations or larger purchases like a car.
Anonymous
04/20/2023 21:22
Subject: If you classify yourself as UMC, how much do you spend in total each month?
$20-$25k a month on non travel months.
Anonymous
04/20/2023 20:58
Subject: If you classify yourself as UMC, how much do you spend in total each month?
Several posters commented how expenses were higher than they will be later due to kids being in daycare. Just wanted to comment that this was not my experience at all. Yes elementary age expenses go down but then expenses go way up. Instruments, lessons, clothes, shoes, sports, camps. Even travel expenses go way up when you always need two rooms instead of one. My teenage son’s food was through the roof. And daughter homecoming was hundreds of dollars. I found high school years to be way more expensive than infant years.
Anonymous
04/20/2023 20:22
Subject: If you classify yourself as UMC, how much do you spend in total each month?
Gross $314k
Take home $12.5k/mo.
Spend $9.4k/mo
Remaining goes to college, taxable savings, and Roth IRAs
Take home $12.5k/mo.
Spend $9.4k/mo
Remaining goes to college, taxable savings, and Roth IRAs
Anonymous
04/20/2023 20:19
Subject: If you classify yourself as UMC, how much do you spend in total each month?
Anonymous wrote:None of you are umc. Be real.
Are they middle or lower middle then?
Anonymous
04/20/2023 20:08
Subject: If you classify yourself as UMC, how much do you spend in total each month?
320K HHI.
Takehome is about 16K after maxing retirement for 1 person.
Mortgage 4500 (we have a 15 year loan and I regret it)
HELOC for reno is 1350
dyslexia tutoring 1600
crazy dance competition activity varies from 600 to 2K a month
All other expenses 8K a month on credit card.
So basically spending the full 16K after retirement savings
Takehome is about 16K after maxing retirement for 1 person.
Mortgage 4500 (we have a 15 year loan and I regret it)
HELOC for reno is 1350
dyslexia tutoring 1600
crazy dance competition activity varies from 600 to 2K a month
All other expenses 8K a month on credit card.
So basically spending the full 16K after retirement savings
Anonymous
04/20/2023 19:30
Subject: Re:If you classify yourself as UMC, how much do you spend in total each month?
$2m HHI. Our credit card bill is usually 10-30k per month. Our biggest expense is travel. We save and invest half our income.
Anonymous
04/20/2023 17:09
Subject: If you classify yourself as UMC, how much do you spend in total each month?
None of you are umc. Be real.