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Started By
Message
re: How much to be an OT Baller by state
Posted on 9/17/17 at 8:14 pm to Pecker
Posted on 9/17/17 at 8:14 pm to Pecker
quote:
This "by state" stuff is really stupid. Upper-income in Manhattan is not that same as upper-income in Buffalo.
Cost of living is relatively accurate by city, but not at all accurate by state.
Exactly. If my household income is $250k in Bunkie, LA then I'm rich, not so much in New Orleans.
$250k
-$34k for 401k
-$10k for health insurance
-$70k rough estimate on taxes
-30k in mortgage and escrow account
-$12k in utility bills for home for the year including cell
-$12k per year for car/insurance/upkeep/gas
-$24k in daycare/school for just two kids
That leaves you with $55k for the year before you spend a penny on anything like medical bills, food, vacations, clothes, entertainment, baby sitting and hopefully you're saving/investing more than just the money in your 401k.
1
Posted on 9/17/17 at 8:33 pm to TitleistProV1X
quote:
30k in mortgage and escrow account
Goddamn.
Either I'm naive on mortgages or youre living in a damn nice house
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