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re: Perfect Annual Salary?

Posted on 7/30/13 at 3:34 pm to
Posted by bulldog95
North Louisiana
Member since Jan 2011
20727 posts
Posted on 7/30/13 at 3:34 pm to
In north louisiana $100000 is a good amount if your are not up to your eyeballs in debt.

Family of 5 here.

Mortgage-$700
Car-$614
Ins-$240
Bank loan -$258
After school care-$600

House utilities/cell/cable-$700
Student loan $500

Total

About $3500

Wife brings home around $2800 a month and I bring home around $2600.

So we have about $1900 a month for food, gas , and extra.



We both max out our 401K and I plan on starting a Roth at the beginning of the year.



Even if we stay at the same salaries eventually the 2 loans will be gone and basically my wife's income will pay all the house bill excluding food and gas.
Posted by ell_13
Member since Apr 2013
85091 posts
Posted on 7/30/13 at 3:35 pm to
If that mortgage includes escrow, to you sir!
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 7/30/13 at 3:36 pm to
North Louisiana aint normal


Living in a big city (where my company is) is quite a bit more expensive.

700$ for mortgage payment? frick, I wish...
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