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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 10/12/17 at 8:58 am to
Posted by rocket31
Member since Jan 2008
41888 posts
Posted on 10/12/17 at 8:58 am to
Ya I was just in NY couple months ago . Easily spent $8k. I was there for 11 days
This post was edited on 10/12/17 at 9:04 am
Posted by robertLSU
Florida
Member since Jan 2013
429 posts
Posted on 10/12/17 at 8:59 am to
Half of those expenses are paid for with disposable income. Just because they spent it doesn't mean it was part of their disposable income.
Posted by shel311
McKinney, Texas
Member since Aug 2004
112948 posts
Posted on 10/12/17 at 8:59 am to
quote:

At that point, I would explore one parent working part time to reduce daycare, and not sub out the raising of my child.
You'd be forfeiting $76k/year, no?
This post was edited on 10/12/17 at 9:00 am
Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 10/12/17 at 8:59 am to
quote:

Did you even read my post? 8k was just for plane tickets


Missed the "fly" part. Calm down please.
Posted by Displaced
Member since Dec 2011
33054 posts
Posted on 10/12/17 at 8:59 am to
quote:

am not going to lie I am slightly amused over the outrage of my I don't like vacations comment.
it's a ridiculous comment.
Posted by LSUintheNW
At your mom’s house
Member since Aug 2009
37026 posts
Posted on 10/12/17 at 8:59 am to
quote:

We typically walk a trail or two.



You still aren't in the mountains
Posted by StringedInstruments
Member since Oct 2013
21084 posts
Posted on 10/12/17 at 9:00 am to
quote:


Flights from LA to NY are probably going to run you about $400 at minimum per person roundtrip, so $1,200.

Any decent hotel in the city is going to be $350 per night or more, again I'm being generous. So $1,050.


Google it yourself if you want. Flights from BHam to NYC can be found at $335. So you have a 50 minute layover...big deal if you're on a budget.

quote:


Any decent hotel in the city is going to be $350 per night or more, again I'm being generous. So $1,050.


Again...just looked at it on Google. Times Square - which you might consider square - has $150 options. When I went to NYC, I stayed at the Doubletree by Hilton in the Financial District for $150/night last summer. They're running around that price right now.

quote:


And the food....are you just eating slices of pizza with a coke for every meal? I'd say you'd need to budget $250 A DAY for 3 people to eat, and even then that's really pushing it. New York is not a cheap place to eat out. So there's $750 (but I'd argue it would be well over a grand in reality.)


9 meals at $250 comes out to ~$28/person/meal. Do you need a $30/person breakfast each day? Does lunch have to be expensive as well?

It's entirely possible to plan a basic trip to New York without being overly cheap. Y'all really are some OT baller-spending mothafrickas if you think you need $250/day for 3 people to eat food.
This post was edited on 10/12/17 at 9:01 am
Posted by ThatMakesSense
Fort Lauderdale
Member since Aug 2015
15281 posts
Posted on 10/12/17 at 9:00 am to
I was there for 11 days as well and spent $8,001.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43552 posts
Posted on 10/12/17 at 9:00 am to
quote:

You still aren't in the mountains


Close enough

I not a mountain man like you baw .

I enjoy the concrete jungle.
Posted by yellowfin
Coastal Bar
Member since May 2006
99045 posts
Posted on 10/12/17 at 9:00 am to
Don't tell me what to do
Posted by shel311
McKinney, Texas
Member since Aug 2004
112948 posts
Posted on 10/12/17 at 9:01 am to
quote:

Half of those expenses are paid for with disposable income. Just because they spent it doesn't mean it was part of their disposable income.

Yep

The title of the article is "How to make 6 figures a year and still not feel rich"

Now obviously, just because you make 6 figures, that doesn't put you anywhere near rich.

But that being said, that breakdown shows me a family that is pretty darn comfortable.
Posted by cstev12
Houston
Member since Mar 2010
803 posts
Posted on 10/12/17 at 9:01 am to
How is this just getting by? From looking at that budget they are getting everything need/want with $5,700 left over at the end of the year. The only thing I see wrong is they have $5,700 left in their budget. Stick that in a Roth IRA and call it a complete budget.

Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 10/12/17 at 9:01 am to
quote:

Don't tell me what to do




Please calm down, sir.
Posted by yellowfin
Coastal Bar
Member since May 2006
99045 posts
Posted on 10/12/17 at 9:01 am to
Better
Posted by lsunurse
Member since Dec 2005
129146 posts
Posted on 10/12/17 at 9:01 am to
quote:

50_Tiger




You don't like vacations. Your opinion on things is no longer valid.
Posted by rocket31
Member since Jan 2008
41888 posts
Posted on 10/12/17 at 9:02 am to
Just saying it's not a cheap trip

Especially if you're going out for drinks etc
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43552 posts
Posted on 10/12/17 at 9:02 am to
quote:

it's a ridiculous comment.


How is it ridiculous? You trying to tell me how I should spend my time.

Friggin commies. (im kidding slightly)
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43552 posts
Posted on 10/12/17 at 9:02 am to
quote:

You don't like vacations. Your opinion on things is no longer valid.


Like you ever had one to begin with

edit: How many cities out of state (over 500 miles) have you been to this year?

If its over 6 then you have me beat. If its not, sit the frick down and go back in the kitchen.
This post was edited on 10/12/17 at 9:04 am
Posted by ThatMakesSense
Fort Lauderdale
Member since Aug 2015
15281 posts
Posted on 10/12/17 at 9:04 am to
No doubt NYC is expensive.

I'm more concerned about the 24k for one child to be cared for in the year.

I would think one of the parents would be smart enough to find a job that has a built in day care program.
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 10/12/17 at 9:04 am to
I don't need to google it, I know what I spend when I go there solo at least once a month.

Last week, my flight - from Boston, mind you - was $250 roundtrip. My hotel was $400 per night, and it wasn't anything fancy.

And $28/meal is not going to get you very far. Breakfast? Sure, just grab some Starbucks and a sandwich. Lunch is going to easily be over $30 per person, but I like to have a beer or two with my lunch when I'm on vacation, so that's just me. Dinner for $28? Not going to happen. Looking more like $50/60 a head at least on an average dinner.
This post was edited on 10/12/17 at 9:06 am
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