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re: Live comfortably on $55,000 per year?

Posted on 4/17/14 at 2:07 pm to
Posted by lilsnappa
Red Stick
Member since Mar 2006
1797 posts
Posted on 4/17/14 at 2:07 pm to
quote:

What's she going into?


Peds, maybe...
Posted by TheWiz
Third World, LA
Member since Aug 2007
11684 posts
Posted on 4/17/14 at 2:09 pm to
Wife is in Peds residency. Almost done with her 2nd year. She hopes to specialize in Allergies/Immunology.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71486 posts
Posted on 4/17/14 at 2:10 pm to
quote:

You need to get out in the real world, dumbass. If you're making 80K straight out of college, then you're a real baller and got really lucky. Out of my social group (and we're all doing well for ourselves), only one of us is making that kind of cash. Sure, eventually we'll be making that kind of money, but a year or two out of college, absolutely not.



This one hundred percent.
Posted by lilsnappa
Red Stick
Member since Mar 2006
1797 posts
Posted on 4/17/14 at 2:12 pm to
quote:

Wife is in Peds residency. Almost done with her 2nd year. She hopes to specialize in Allergies/Immunology.


Mine will probably want to specialize as well.

Wiz, we're not so different you and I
Posted by eric4UA08
Member since Nov 2008
2017 posts
Posted on 4/17/14 at 2:55 pm to
I make just over 55k. I have a gf, pay $300/month towards college debt, have an apartment, eat at a nice restaurant about once a week with the gf, eat out for lunch 3-4 days a week, give some to my church, I'm a notorious impulse buyer, and still manage to save around 1,000 per month. You can definitely do it. Don't know how much different your living market is from mine.. But you should be good to go at that rate.
Posted by CocoLoco
Member since Jan 2012
29108 posts
Posted on 4/17/14 at 2:56 pm to
This thread is so ridiculous
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66464 posts
Posted on 4/17/14 at 2:59 pm to
quote:

$260 - 10% religious contribution


jesus christ, nugget
Posted by Traffic Circle
Down the Rabbit Hole
Member since Nov 2013
4278 posts
Posted on 4/17/14 at 3:01 pm to
quote:

Mine will probably want to specialize as well.

Have you guys ever thought that your wife might be just using you to get through med school?
Posted by TheWiz
Third World, LA
Member since Aug 2007
11684 posts
Posted on 4/17/14 at 3:31 pm to
quote:

Have you guys ever thought that your wife might be just using you to get through med school?


As of this year, I was finally catpulted over the six figure mark. She'll be making somewhere in the neighborhood of $185k in about three years. I think she would be just fine without me. So to answer your question, no. I don't think she puts up with my shite just so I can help pay $1,000/month interest notes.
Posted by HeavyCore
Member since Sep 2012
2552 posts
Posted on 4/17/14 at 3:37 pm to
Bitch please, I make 25k and I live comfortably.
Posted by Maximus
Member since Feb 2004
81262 posts
Posted on 4/17/14 at 3:39 pm to
Pay that debt now then, hot shot
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32674 posts
Posted on 4/17/14 at 3:40 pm to
quote:

Bitch please, I make 25k and I live comfortably.


You must definitely live with other people

I made a little more than that at my first job and was eating ramen and living with two friends. Although, I was still paying my graduate school in cash.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66763 posts
Posted on 4/17/14 at 3:42 pm to
This thread makes me feel awesome about my first job
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32674 posts
Posted on 4/17/14 at 3:46 pm to
quote:

This thread makes me feel awesome about my first job


Not me , but I've more than made up for it.

Did the OP ever say what his field is? It's pretty impressive to get a job paying 55k out of school, unless you're in engineering or have to travel extensively.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66763 posts
Posted on 4/17/14 at 3:54 pm to
quote:

It's pretty impressive to get a job paying 55k out of school,


Even with some experience? I figured people in HR/accounting/safety jobs made around that out of school.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11684 posts
Posted on 4/17/14 at 4:00 pm to
I guess there are multiple factors to consider i.e. paid benefits. I made $40k my first job out of college and I had full benefits. In theory, I guess you could say that I made closer to $50k.
Posted by TyOconner
NOLA
Member since Nov 2009
11084 posts
Posted on 4/17/14 at 4:05 pm to
More like 3200 a month, I was making 50k last year and pulled in right at 3k/mo after taxes. Started a new job last sept and am making much more now. Funny how your views change on what is good money as you move up.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32674 posts
Posted on 4/17/14 at 4:07 pm to
The only accounting people that I know came out of school making around 40k. I wouldn't think that HR would make much more than that either, coming straight from school. I'm not really sure about safety, I only know one person who's in that field, but he has a master's degree and does off-shore work. I'm guessing he makes well above 55k.

Hell, I even know someone who had experience and came out of school making less than 55k in electrical engineering.

Including only salary, not benefits.
Posted by lilsnappa
Red Stick
Member since Mar 2006
1797 posts
Posted on 4/17/14 at 4:08 pm to
quote:

Have you guys ever thought that your wife might be just using you to get through med school?



Wat?
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32674 posts
Posted on 4/17/14 at 4:09 pm to
quote:

Funny how your views change on what is good money as you move up.


Definitely, especially if you get married/move to a new city/start paying for wife's professional school. It seems like the more you make, the more expenses you gain.
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