(Closed) At which combined salary would you be happy?

posted 3 years ago in Relationships
  • poll:

    0K-20K

    20K-40K

    40K-60K

    60K-80K

    80K-100K

    100K-120K

    120K-140K

    140K-180K

    180K+

  • Post # 46
    Member
    3219 posts
    Sugar bee
    • Wedding: September 2016

    Lol @ all the one percenters in here

    Post # 47
    Member
    1359 posts
    Bumble bee

    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. 😐

    Post # 48
    Member
    526 posts
    Busy bee
    • Wedding: June 2017

    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.

    Post # 49
    Member
    239 posts
    Helper bee
    • Wedding: May 2017

    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. 

    Post # 50
    Member
    2639 posts
    Sugar bee
    • Wedding: April 2014 - Italian Villa

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    raliel :  I’m sorry, I just choked on my pistachios. 

    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. 

    Post # 52
    Member
    2639 posts
    Sugar bee
    • Wedding: April 2014 - Italian Villa

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    raliel :  ah, that makes sense. Sorry you have to deal with that! 

    Post # 53
    Member
    951 posts
    Busy bee

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    gingerkitten :  thanks. It’s a true struggle sometimes. If we used the standard repayment plan, we’d owe $4900 a month right now.  

    With any luck, that anesthesiology residency that took is to NYC will pay off down the road. 

    Post # 54
    Member
    78 posts
    Worker bee
    • Wedding: August 2017

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    beverlykay :  Voted 180k+ We live in FL and my husband makes $104,000 annually. I’m unable to work right now because I don’t have a work permit (due to immigration reasons) but the goal is to make up to 180k and more combined when I start working God willing. But we’re very comfortable living off his salary alone in the mean time.  

    Post # 55
    Member
    1317 posts
    Bumble bee
    • Wedding: June 2016

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    babeba :  They are incredibly high for the most part but actually almost none break into the 1% level (which for the US sits at about $510k/yr). 

    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.

    Post # 56
    Member
    1317 posts
    Bumble bee
    • Wedding: June 2016

    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. 

    Post # 57
    Member
    49 posts
    Newbee
    • Wedding: April 2017

    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.

    Post # 58
    Member
    951 posts
    Busy bee

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    sarah2245 :  the US is an enormous country (the state I live in is larger by land mass than all of England), so it can vary wildly even within the same state. Where I live in Manhattan, in New York City, a one bedroom condo would be close to $1 million. In more rural areas in upstate NY, you could buy a house for a tenth of that. 

    Bear in mind also that university is very expensive in the US and many young people have school debt, which drives up COL. 

    Post # 59
    Member
    1349 posts
    Bumble bee
    • Wedding: December 2019

    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..

    Post # 60
    Member
    2168 posts
    Buzzing bee
    • Wedding: Cathedral of the Immaculate Conception/The Gallery

    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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