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re: Perfect Annual Salary?

Posted on 7/30/13 at 10:01 am to
Posted by ell_13
Member since Apr 2013
85315 posts
Posted on 7/30/13 at 10:01 am to
You forgot health/life insurance premiums or HSA contributions. And what was it I said in my original post? Just over 1k? Glad we agree.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 7/30/13 at 10:06 am to
quote:

health/life insurance premiums
and we know that aint cheap
Posted by hiltacular
NYC
Member since Jan 2011
19709 posts
Posted on 7/30/13 at 10:07 am to
quote:

You forgot health/life insurance premiums or HSA contributions. And what was it I said in my original post? Just over 1k? Glad we agree.


I would agree with a 100k salary translating to around ~1k of extra $ per month. The number can fluctuate depending on the month and how frugal you live obviously.
ETA Assuming no kids
This post was edited on 7/30/13 at 10:09 am
Posted by Lsut81
Member since Jun 2005
80380 posts
Posted on 7/30/13 at 10:20 am to
quote:

And what was it I said in my original post? Just over 1k? Glad we agree.


I was about to give you the nod and say that you were correct, but I decided to go back and see what I originally said. Nice play on switching my words.

What I originally said

quote:

That easily affords you a 250k mortgage, a nice car, spending money, and putting away a few thousand a month.


Then what you claimed I said

quote:

see if you have "a few thousand" to spend like you seemed to think.



So in my scenario that I last gave... I already put away 1k. Would not be hard to find another 1k to "Put away" like I claimed.

Lower car note as I think $450 is way more than a nice car. Or no student loans as most La residents took advantage of Tops.

Could easily get another 2-300 right there.


This post was edited on 7/30/13 at 10:25 am
Posted by Dark Tiger
Member since Sep 2006
4494 posts
Posted on 7/30/13 at 10:24 am to
quote:

You forgot health/life insurance premiums or HSA contributions. And what was it I said in my original post? Just over 1k?




Add in eating out and entertainment, clothes, and a few other things a month and you're lucky to actually put $500/month in savings....enough for one nice vacation a year.

It's awful easy to look at $100k on paper and think you can't spend it all up, but it goes much faster and easier than you think...
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