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

Posted on 10/14/17 at 9:44 pm to
Posted by OweO
Plaquemine, La
Member since Sep 2009
114092 posts
Posted on 10/14/17 at 9:44 pm to
Two vacations a year: $8k
Cut it to one: Save $4k

Clothes: $3k
Set a $2500 budget
Save $5oo

Charity $2k
Cut in half to $1k
Save $1k

That would save them $5500

$5500 + $5700 = $11200.

This would eliminate their consumer debt.. Not our fault they are bad at money management.
Posted by Bushmaster
19th Hole
Member since Oct 2008
39646 posts
Posted on 10/14/17 at 9:45 pm to
Do people really spend 3 grand on clothes a year?

I am way behind the curve on that one.
Posted by LNCHBOX
70448
Member since Jun 2009
84384 posts
Posted on 10/15/17 at 7:13 am to
quote:

This would eliminate their consumer debt.. Not our fault they are bad at money management.



I'd bet almost anything that this hypothetical family is managing their money better than you are.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119638 posts
Posted on 10/16/17 at 8:17 am to
These "people" make plenty of money, just need to work on their expenses. Very wealthy people overall.
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