In some places 50k is enough, in other places it's paycheck to paycheck.
Currently my DH makes about 55k before taxes. Tack on my P/T income and we barely reach 60k. After taxes and med. insurance are taken out we don't have much. We pretty much live paycheck to paycheck, with very little expendable income.
I've read plenty of posts on here, where people claim they could live like royalty on 50k. Or people will say things like "its all about budgeting...blah blah blah". I'M smart enough to realize, this isn't always the case, as cost of living varies from place to place.
I've recently accepted a full time position that will increase our combined (pre-tax) income to a little over 85k.
We will finally be in a position that I consider to be more comfortable. We will be able to save more and be able to pay for classes and extracurriculars for our children. Our lifestyles will not change dramatically and we wont be indulging in any thing extravagant. We will still have to budget, and coupon and save for bigger purchases.We will still be a bit below average for our area, as we live in the (NYC Tri-state) area.
How much do you make? Are you at, below or above average income for your area? Are you (what you to consider to be) comfortable?
I'm not asking for any specific reasons beyond those of my own curiosity. Naturally you're under no obligations to answer my inquiries.
Keep it light! Have a good day ladies ;-).
*Please excuse any and all typos and/or grammatical errors. I suck at typing on my phone.*