Post # 122
We make a combined of $85K a year….the Dear Hubbie has no debt besides the mortgage…I have debt about 8K, my car and the mortgage….so all in all we’re okay…I do spend a lot on gas a month since I commute so much…but I am also the bread maker so it’s worth it….
Post # 123
It just goes to show how easily people adjust their spending to their income. Granted, some areas of the country are much more expensive than others.
Unfortunately, I live in an expensive area of Southern California, but don’t make the salary we need with me in grad school. How do I do it? Eat out no more than once a week. Don’t take trips. Don’t buy clothes or go shopping, and if I do I buy them at the thrift store. Commute by bus to save gas and stretch out the time to replace the car.
Make your spending around your priorities. There are so many things we save money on becasue we just don’t care enough to buy them, so we have enough to not give up what we care about. We never go to the movies, and neither one of us drinks when we go out, or limits it to one glass at happy hour. amazing how much our friends drop on going out. Appetizers, entrees, two to three drinks a piece. Holy moly it adds up!
Post # 124
Honestly, we make way more money than I grew up on, but I just did our budget for the rest of the year yesterday, and holy cow – we honestly could not responsibly do it on less. Money is going to be really tight until at least September.Then it will get a little easier, but my husband is thinking of doing a phd in a year or so and I’m honestly not sure how we’ll be able to responsibly (still paying student loans, saving for retirement, saving for other stuff, etc.).
It really bothers me sometimes, because our families assume that because we have good development jobs in Afghanistan that we make waaay more money than we actually do. They are seriously misguided, but it’s none of their business! Still, sometimes I wish I could just lay down our budget paper, let them see how much our rent and student loan payments are, and tell them to be quiet. lol.
I need a raise, lol.
Post # 125
I think you should add to the poll for higher salaries. Interesting discussion!
Post # 126
We just did our taxes and whoa, we make a combined salary of $200k a year. Granted, Darling Husband makes the bulk of it and most of mine goes towards paying of my M.A and getting a handle on my credit cards. But damn, where the hell does all our money go?!?
Post # 127
I would love some of your salaries lol! Were relying solely on DHs salary at the moment as Im back at college until next year, so we are currently on around £16k before tax,(dotn know how much that is in $) and we get by and still have a little money around for small luxuries,like days out etc
Post # 128
@JaneyD: You are a teacher, 30, and make over 50k? Geeze where do you live? I am also a teacher, 24, with a masters and I make 36k. Just shows you how location plays a huge role. 🙂
Post # 129
Posts like this depress me. We’ve both been out of law school for almost 4 years and have astronomical debt, but the majority of you make more than us. We live in a fairly expensive area, and my commute is over an hour each way.
It’s hard to imagine ever being in a position to own a home or have kids unless we forego vacations and pretty much all other leisure activities. We have mostly everything we want/need and don’t have to think very hard about a lot of purchases, but we have don’t have any savings.
Ok, pity party over 🙂
Post # 130
We make a combined income between 75-80k…..but with a home mortgage, 2 car pmts, a student loan, and a few other monthly obligations i would not consider us to live very extravagant! however for our age (23 & 24) i tend to believe were doing pretty good and hopefully will continue to get even better, as we all hope for!!!!
Post # 131
Hubby and I make a combined $60K (before taxes) right now. I’m an accountant and he’s a teller for a credit union. We’re 24 and 27, respectively. This wouldn’t be TOO bad, except that I have a massive student loan payment every month. We aren’t struggling, but more money would always be nice