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Here's a budget breakdown of a couple that makes $200,000 a year and yet is scraping by

Posted on 10/12/17 at 7:48 am
Posted by Displaced
Member since Dec 2011
32719 posts
Posted on 10/12/17 at 7:48 am
this should be fun



quote:

This lovely family of three living in San Francisco, with two working parents making $100,000 each (hooray for income equality!) are left with roughly $5,700 a year in disposable income after expenses and 401k contribution. Given their total cost is $121,700 after tax a year, that’s roughly $10,000 a month they’re spending.


quote:

Student Loans: $0

A lot of readers who make this income level have pointed out in the comments that this couple is lucky because they don’t have any student loans. They are right! They paid for their education along with the help from their parents.



Poor little rich kids....

There is a lot more in the article. I just thought it is funny that they are basically say the couple is living paycheck to paycheck while factor in that they budget for 2 vacations, donate to charity, max out their 401k, etc.

Does this look like your budget ballers?
Posted by TigersHuskers
Nebraska
Member since Oct 2014
11310 posts
Posted on 10/12/17 at 7:51 am to
$8K on vacations. Idiots can't manage money worth a damn.
Posted by MusclesofBrussels
Member since Dec 2015
4546 posts
Posted on 10/12/17 at 7:51 am to
quote:

Does this look like your budget ballers?



Nah, I make more and have fewer expenses.
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 10/12/17 at 7:51 am to
$3,000 for clothes? $5,000 for "children's lessons?

Wtf?
Posted by Coon
La 56 Southbound
Member since Feb 2005
18492 posts
Posted on 10/12/17 at 7:51 am to
they have more than $5700 in disposable income. they're spending a ton on vacations, consumer debt, clothes, lessons. that's disposable stuff.

and lol at $50k house expenses. peopel is dum.
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
84894 posts
Posted on 10/12/17 at 7:51 am to
$1,000 a month on food??
Posted by yellowfin
Coastal Bar
Member since May 2006
97729 posts
Posted on 10/12/17 at 7:51 am to
Didn't have to read past the first line to laugh. 24k for childcare
Posted by DrEdgeLSU
Baton Rouge, LA
Member since Dec 2006
8184 posts
Posted on 10/12/17 at 7:52 am to
This is idiotic.

They’ve got $8k for vacations in there. It’s hardly genuine to say they don’t have any money left over.
Posted by lsu xman
Member since Oct 2006
15615 posts
Posted on 10/12/17 at 7:52 am to
Child support from previous marriage $20K.
Posted by bigrob385series
B. Aura
Member since May 2014
2634 posts
Posted on 10/12/17 at 7:52 am to
$2K a month for childcare?hell naw...momma is staying home.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 10/12/17 at 7:52 am to
24k for child care
Posted by Salmon
On the trails
Member since Feb 2008
83638 posts
Posted on 10/12/17 at 7:52 am to
$700k home? Yeah....that is way too much for someone making $200k

Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35542 posts
Posted on 10/12/17 at 7:52 am to
Food seems low.
Posted by Brageous
Member since Jul 2008
107724 posts
Posted on 10/12/17 at 7:53 am to
I know it's San Francisco, but do they need a 700k home?

There are so many things to cut back on in this list. 3600 in home maintenance is just a bad year. It should not be that high.
Posted by Salmon
On the trails
Member since Feb 2008
83638 posts
Posted on 10/12/17 at 7:54 am to
quote:

hey have more than $5700 in disposable income. they're spending a ton on vacations, consumer debt, clothes, lessons. that's disposable stuff.


and this

living paycheck to paycheck doesn't mean maxing out 401k and taking 2 vacations a year

Posted by LNCHBOX
70448
Member since Jun 2009
84319 posts
Posted on 10/12/17 at 7:54 am to
San Fran is expensive. This is news?

$200k is nowhere near baller there.
Posted by FloridaMike
Member since Dec 2012
1524 posts
Posted on 10/12/17 at 7:55 am to
I get that this is supposed to be a Bay Area family but anywhere else in country buying a $700,000 house on a combined income of $200,000 a year is pretty stupid
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 10/12/17 at 7:56 am to
Those two vacations would turn to one real quick.
Posted by Bmath
LA
Member since Aug 2010
18683 posts
Posted on 10/12/17 at 7:56 am to
Putting $18,000 a year towards retirement is not barely scraping by.
Posted by Salmon
On the trails
Member since Feb 2008
83638 posts
Posted on 10/12/17 at 7:57 am to
and now I read the article and realize this isn't real and the writer just made these numbers up

this is bullshite
This post was edited on 10/12/17 at 7:57 am
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