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re: How much money is leftover to spend per day on yourself after all your bills are paid?

Posted on 6/4/23 at 3:55 pm to
Posted by BabyTac
Austin, TX
Member since Jun 2008
12974 posts
Posted on 6/4/23 at 3:55 pm to
I’m always floored by people making 200k/year yet they have a mortgage and car payments.
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
56509 posts
Posted on 6/4/23 at 4:10 pm to
quote:

’m always floored by people making 200k/year yet they have a mortgage
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
767 posts
Posted on 6/4/23 at 4:15 pm to
quote:

I’m always floored by people making 200k/year yet they have a mortgage and car payments


This would be expected for someone who financed with low interest rates.
Posted by GeauxTigers123
Member since Feb 2007
1630 posts
Posted on 6/4/23 at 4:16 pm to
quote:

I’m always floored by people making 200k/year yet they have a mortgage and car payments.



Depends on how long they have been making this kind of money. Also, what if they have a house mortgaged at 2.5%. Maybe they aren't in a hurry to pay it off.
Posted by lynxcat
Member since Jan 2008
24478 posts
Posted on 6/4/23 at 4:47 pm to
quote:

I’m always floored by people making 200k/year yet they have a mortgage and car payments.



You are easily floored. There are many rationale, easy to think of examples for why someone making $200K would have at least a mortgage and potential car payments.

Low interest rates
High COL area
Recently started making higher income
Student loan payoff

...still floored?
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