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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 10/13/17 at 6:53 am to
Posted by Evil Little Thing
Member since Jul 2013
11263 posts
Posted on 10/13/17 at 6:53 am to
I’m so jealous of their car insurance budget
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 10/13/17 at 6:53 am to
So after all expenses that include two vacations, maxing their 401k and very generous living, they STILL have 5700 left per year they can save on top of all that?

Not even considering matching in their 401k, that means in 20 years they will have gone on 40 vacations and still have more than $1M banked

I'm not complaining. Live the good life but LOL at the paycheck to paycheck concept
Posted by TheWiz
Third World, LA
Member since Aug 2007
11687 posts
Posted on 10/13/17 at 7:53 am to
I guess everyone down here does. Absolute lowest I have heard is $35,000. I do know of one couple that has done the au pair program, but they had a MIL house.
Posted by yellowfin
Coastal Bar
Member since May 2006
97743 posts
Posted on 10/13/17 at 7:53 am to
They aren't maxing out their 401k
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32804 posts
Posted on 10/13/17 at 8:05 am to
quote:

Also, $700k is a lot of mortgage for someone with $200K income unless they can be frugal elsewhere. They need to move out to Oakland and get a $500K house.

Actually, it kinda shows that they can afford it pretty easily. As others have stated, they have 20k+ in disposable income after some generous estimates.
Posted by yellowfin
Coastal Bar
Member since May 2006
97743 posts
Posted on 10/13/17 at 8:07 am to
They are hiring the wrong women. These nannies take cash and speak broken English.


There are 3 on my street with them
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35576 posts
Posted on 10/13/17 at 8:08 am to
quote:

Seems low if you are factoring in two vehicles.



Maybe one of them rides one of those little trains from the Rice A Roni commercials.
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
101930 posts
Posted on 10/13/17 at 8:12 am to
quote:

I’m so jealous of their car insurance budget




I only pay about $150 more per year for two cars and two of us driving. In Louisiana with some of the highest rates in the nation.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11687 posts
Posted on 10/13/17 at 8:43 am to
quote:

They are hiring the wrong women.


Maybe so. All of these folks had 24-28 year old women. I believe they had completed college as well. I assume they wanted to go the proper route and withhold taxes, etc...
This post was edited on 10/13/17 at 8:45 am
Posted by NYNolaguy1
Member since May 2011
20946 posts
Posted on 10/13/17 at 10:04 am to
quote:

That makes sense, because the writer of this piece didn't try to make these numbers realistic.


Which numbers do you find unrealistic for San Fran?
Posted by dltigers3
Collierville, TN
Member since Jun 2010
2132 posts
Posted on 10/13/17 at 10:36 am to
I didn't read through the whole thread, because it's 19 damned pages, but I didn't see anywhere in the article where it stated they were living paycheck to paycheck. In fact, I believe he stated several times that they are very comfortable. I took the article as more of, letting people know that if you make 200k you aren't exactly rich.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261916 posts
Posted on 10/13/17 at 10:39 am to
quote:

scraping by


No. These people have no concept of scraping by.
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
26669 posts
Posted on 10/13/17 at 10:41 am to
quote:

No. These people have no concept of scraping by.


Mainly because these people don't exist and it's a fictional spreadsheet.
Posted by lsupride87
Member since Dec 2007
96003 posts
Posted on 10/13/17 at 11:24 am to
So they are loading up their 401k

Own a house

Take 8k worth of vacations

live in a 700k home

And still have money left over

Whats the issue?
Posted by LSUintheNW
At your mom’s house
Member since Aug 2009
35759 posts
Posted on 10/13/17 at 11:40 am to
quote:

I’m so jealous of their car insurance budget




I only pay about $150 more per year for two cars and two of us driving. In Louisiana with some of the highest rates in the nation.


You're the unicorn I guess because most of your fellow posters aren't getting those rates.

Posted by nolaks
Member since Dec 2013
1137 posts
Posted on 10/13/17 at 11:45 am to
they aren't even close to maxing out their 401k (dual income). when you consider all the things the budget is lacking, the vacations don't seem out of line. Change that line to read vacations/holidays/weekend adventures. Ya'll are hung up on the child care thing, but you hit that easily in LA with two kids in private, before/after care (again dual income), and summer camps
Posted by Tigerlaff
FIGHTING out of the Carencro Sonic
Member since Jan 2010
20901 posts
Posted on 10/14/17 at 7:02 am to
quote:

Please do start. I'm always entertained by the baws clutching their pearls in threads like this.



I'm sorry you were upset. Do you think that the budget in the OP is reasonable?
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119587 posts
Posted on 10/14/17 at 7:10 am to
quote:

o they are loading up their 401k

Own a house

Take 8k worth of vacations

live in a 700k home

And still have money left over

Whats the issue?


These are pretty wealth people.
Posted by Mo Jeaux
Member since Aug 2008
59152 posts
Posted on 10/14/17 at 7:28 am to
quote:

I'm sorry you were upset. Do you think that the budget in the OP is reasonable?


You're mistaken. I'm not upset, I'm laughing at you.

I find some numbers reasonable, yes.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74442 posts
Posted on 10/14/17 at 7:51 am to
quote:

Do you think that the budget in the OP is reasonable?


Absolutley in SF
Making 200k means you are just getting by in SF
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