- 3 years ago
- Wedding: September 2016
Lol @ all the one percenters in here
Lol @ all the one percenters in here
With just my full time job and H’s full time job we’re at $115k and that is not enough in a HCOL area. With my part time job included we’re at $155k and that’s barely enough with all our debt (student, medical). With no debt we’d be OK with under $120k. I’d feel best at $180k or above.
ETA: My full time job has a mandatory 16% retirement contribution so that takes a lot out. We also both commute 1.5 hours and park, which costs us about $1,300 a month. 😐
Living in Australia – I voted for 140-180k but that would be the minimum I think we would be comfortable at. 180k+ would be ideal.
Currently we are sitting at about 130k and it’s definitely tight. I’m on an internship (sort of) program, so my salary will be bumped a fair amount once that’s completed.
Right now we are around 80k combined. Our bills are payed and we have a little extra but we also have debt. I think we would be much more comfortable at around 100k. Esp if school loans were paid off etc.
Several hundred thousand in debt??? How????
To answer the original question, we are currently at about $110k. I’d like to be at $150-160k, which would be me matching what DH makes. (Gross, by the way, not net.) I’m self-employed in an industry with few repeat clients, so it’d take some work, but I’m optimistic about this year.
Are these combined salaries way above national average (42k)? Absolutely. In the top 10% (150k)? Mostly yup. But most don’t quite make the 1% cut off. And actually for major urban areas of the US, the 1% is closer to $600k.
Of course the Bee is disproportionately young and the younger you are the lower you need to earn to be in the 1% of your age bracket…so some of these posts may actually be age-specific 1%-ers.
Reading all of these responses really highlights to me how backwards earning trajectories are! I think to myself now “I would love to earn 250k+ a year so that we can pay off student loans, get a downpayment saved up to buy a house, and have $$ for childcare” but once student loans are paid off, house is purchased and children are into public school systems then I feel like my financial needs are much lower. Retirement savings of course will still be needed, but after that it’s really just the “keeping up with the joneses” vicious cycle that would necessitate the high salary.
Bloody Norah, is it really that expensive to live in the US? $100k + in earnings and people are struggling to make ends meet?!
We’re in the UK and our current combined salary is around £65k, with that we’ve bought a house, have two cars, are near enough debt free, and generally live very comfortably. For where we live and our ages we’re considered reasonably well off to be honest. We’re looking to be on around 80k by the time we get into our 30s, again for where we live that’s a lot. Not trying to sound braggy or boastful it’s just really odd to see how much the cost of living differs from country to country. I’m genuinely stunned.
Bear in mind also that university is very expensive in the US and many young people have school debt, which drives up COL.
My SO and I get by comfortably on a combined 65k a year in a fairly low cost of living area. That said, between living expenses and the cost of healthcare we don’t get to put as much as I would like into savings.
I’d like for us to both make closer to 80-90k so we can save more aggressively for a house (owning a house outright is my ultimate financial goal).
I think everyone would like to make more money, but I’m very wary of more money letting my lifestyle get out of control to the point that I’d be doomed if I lost my job. My parents’ combined income is probably twice what we make (same area too), but they have a huge house, two new cars, and are a bit extravagent with their trips when they travel. After all that there’s not exactly that much to go around. It seems like a waste to make so much money and still worry about having enough because you can’t pare down..
Due to my student loan debt load (over $100k), our mortgage in a medium COL city, and some lifestyle choices we make (travel, etc), we would be more comfortable making at least $25k more than we do now (slightly under $150k combined).
Also, if we decide to have me stay home with any future children (the current plan), we would need to pay for private insurance as DH is self-employed (well, he and his father) so that would be a huge financial burden, espcially given the current uncertaintity regarding insurance coverage in the US…
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