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Started By
Message
How much would I have to make?
Posted on 2/24/14 at 8:07 pm
Posted on 2/24/14 at 8:07 pm
I need $10,000 per month to pay bills (including a butt load of student loan debt). What does my monthly salary need to be? I live and work on Mississippi.
9
Posted on 2/24/14 at 8:09 pm to white perch
Sounds like the American dream 
Posted on 2/24/14 at 8:10 pm to white perch
Uhh... 180K
Posted on 2/24/14 at 8:13 pm to white perch
Posted on 2/24/14 at 8:28 pm to white perch
I'd look at cutting back on your other expenses. Even $300k in student loans is roughly $3400/mo
$6600/mo in non student loan expenses is a ton.
$6600/mo in non student loan expenses is a ton.
This post was edited on 2/24/14 at 8:29 pm
Posted on 2/24/14 at 8:41 pm to white perch
Damn, where'd you get bills like that?
Posted on 2/24/14 at 8:52 pm to white perch
quote:
I need $10,000 per month to pay bills
looking at $200k a year
Posted on 2/24/14 at 9:04 pm to Golfer
quote:
I'd look at cutting back on your other expenses.
We've cut them back pretty far. $10,000 includes food, gas, etc. also, we lost our arse when we moved and couldn't sell our previous home for nearly a year and when we did it was for a big loss. I drive a single can 07 pick up and the wife has a 10 Honda pilot so we're not really living beyond our means. Another issue is the public schools here are horrible so we pay a pretty penny for private school for 2 kids.
It is what it is. I'm just glad I'm in a position I can provide for my family.
Posted on 2/24/14 at 9:10 pm to white perch
Okay, so assuming the $300k in student loans, and then $10k/kid for private school. Which I'm probably exaggerating because I don't see a MS school charging that much.
That leaves $4740/mo in food, gas, mortgage, utilities, and healthcare. Seems doable, but idk.
That leaves $4740/mo in food, gas, mortgage, utilities, and healthcare. Seems doable, but idk.
Posted on 2/24/14 at 9:12 pm to CE Tiger
CE Tiger is right. Looking at about $200K. That's factoring in around 8-10% savings for retirement. Could be a little more or less depending on your tax situation (itemized deductions/marital status/dependents/etc).
Posted on 2/24/14 at 9:48 pm to Taxing Tiger
If you can't figure that out you'll never get a job making it.
Posted on 2/24/14 at 9:54 pm to white perch
Something still isn't adding up. 
I'm thinking this is a money board troll or your arse is eating out at Ruth's Chris three times a week and going to Europe three times a year.
I'm thinking this is a money board troll or your arse is eating out at Ruth's Chris three times a week and going to Europe three times a year.Posted on 2/24/14 at 9:55 pm to tygerfan1
quote:
If you can't figure that out you'll never get a job making it.
but true
Posted on 2/24/14 at 9:58 pm to notiger1997
Yeah cutting back to get to 10k...something doesn't smell right.
Posted on 2/24/14 at 10:16 pm to StinkBait72
quote:
Yeah cutting back to get to 10k...something doesn't smell right.
It could happen. Go to Tulane to seek a degree in Literary Criticism, pay $100K for it, and on top of that have a medical emergency while uninsured.
But someone in that position probably won't be making $200K anytime soon.
Posted on 2/24/14 at 10:59 pm to CE Tiger
quote:
I live and work on Mississippi.
quote:
looking at $200k a year
Good luck finding that job. Also 200k a year would be absolutely SLIDING by any unplanned expenses and you are gong to be taking on more loans.
Posted on 2/24/14 at 11:04 pm to reb13
somethings wrong to have 10k in monthly expenses.
Posted on 2/24/14 at 11:07 pm to brbowhunter
quote:
somethings wrong to have 10k in monthly expenses
This.
Posted on 2/24/14 at 11:08 pm to thebrowns
Speaking of if you find a job for 200k a year feel free to pass me some information.
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