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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 1:53 pm to 13SaintTiger
Posted on 10/14/17 at 1:53 pm to 13SaintTiger
Paying the going rate for quality childcare for the area in which you live is dumb?
And I missed your income, but this isn't a pissing contest, so no need to disclose it.
And I missed your income, but this isn't a pissing contest, so no need to disclose it.
0
Posted on 10/14/17 at 2:04 pm to bigrob385series
quote:
$2K a month for childcare?hell naw...momma is staying home
That is on the cheap side for (westside) Los Angeles, so that sounds like a good deal for San Fran.
This post was edited on 10/14/17 at 2:06 pm
Posted on 10/14/17 at 2:10 pm to TigersHuskers
quote:
$8K on vacations. Idiots can't manage money worth a damn.
? They pay into their 401k, have a beefy life insurance plan, healthcare, an emergency fund, own a $700k home that they can sell when they retire, and still have money left over each year.
I'm kind of surprised auto and home insurance is that cheap.
Posted on 10/14/17 at 2:58 pm to yellowfin
quote:Not another $8,000 worth to get to their $54,600 number.
Some counties and cities in California also have income tax
They just took 30% of $182,000 to get $54,600.
They don’t even know what effective tax rate means.
Posted on 10/14/17 at 3:02 pm to PrimeTime Money
quote:
They don’t even know what effective tax rate means.
The author worked at Goldman Sachs. I think y'all may be picking the post apart a bit too much. It is supposed to be illustrative.
I'm kinda surprised ya'll haven't pointed out he only used whole numbers ending in zero for all his income and expenses.
This post was edited on 10/14/17 at 3:05 pm
Posted on 10/14/17 at 3:17 pm to Displaced
I don't see anything really outrageous. But what about utilities and cable/internet? That would have to be about 5k a year, combined..
Posted on 10/14/17 at 3:51 pm to brmark70816
Who the frick in here thinks a family of four spending a grand per month on food is high? What’s that like $8 per day per person?
And having $5700 per year extra is less than $500 per month. Not much buffer for emergencies.
I wouldn’t say these people are “scraping by” but they aren’t “rich” as many dems would have you believe.
And having $5700 per year extra is less than $500 per month. Not much buffer for emergencies.
I wouldn’t say these people are “scraping by” but they aren’t “rich” as many dems would have you believe.
Posted on 10/14/17 at 3:52 pm to Teddy Ruxpin
quote:
I'm kinda surprised ya'll haven't pointed out he only used whole numbers ending in zero for all his income and expenses.
Posted on 10/14/17 at 6:34 pm to TigrrrDad
quote:
My grocery budget is $1,000/month for a household of 3. We were spending $1.200-1,400/month at times before I started keeping a closer eye on things and trying to stick to a budget. This doesn't include eating out
You must be wasting MASSIVE amounts of food. $1000 a month on food is on the high end for a household of 6. Even if you postmates $30 every weekday that's still only $600 or so for the month. Are you really spending $400 on cereal, milk, coffee, pancakes and beverages?
Posted on 10/14/17 at 6:38 pm to VerlanderBEAST
quote:
$1000 a month on food is on the high end for a household of 6.
Do you have a cite for this?
Posted on 10/14/17 at 6:40 pm to Robin Masters
quote:
Who the frick in here thinks a family of four spending a grand per month on food is high? What’s that like $8 per day per person?
First the OP is a family of 3
Second even for 4 that's insane
Third have you heard of Costco?
Lastly even never stepping foot in Costco and buying everything from Wholefoods you would still have to be wasting massive amounts of food
This post was edited on 10/14/17 at 6:42 pm
Posted on 10/14/17 at 6:49 pm to VerlanderBEAST
I think we average about $600-700/mo for food, and it's just two of us in my house. And it's more when we are trying to refrain from eating out. So I don't see why $1,000 is so outrageous for two people and a child.
This post was edited on 10/14/17 at 6:55 pm
Posted on 10/14/17 at 6:52 pm to VerlanderBEAST
quote:
ou must be wasting MASSIVE amounts of food. $1000 a month on food is on the high end for a household of 6. Even if you postmates $30 every weekday that's still only $600 or so for the month. Are you really spending $400 on cereal, milk, coffee, pancakes and beverages?
$1.85 per person per meal assuming no dining out?
I’m not saying it isn’t possible to do but I just don’t think it’s unusual for a family of 4 to spend north of $1500 per month. Especially busy families with two working parents who can’t cook all the time.
I also have to laugh at the poster suggest I am wasting food and then recommends Costco so we can buy food in bulk and waste even more food.
Posted on 10/14/17 at 6:57 pm to AbitaFan08
quote:
o I don't see why $1,000 is so outrageous for two people and a child.
It’s not. I wish it was but unless you live on Oscar Meyer and Peter Pan you simply can’t do it. Buying a dinner consisting of a decent meat and fresh veggies for 4 for under $20 is tough.
Posted on 10/14/17 at 7:02 pm to Robin Masters
Yeah I feel like you COULD get by as a family of 3 for much less than $1,000/mo, but you'd be eating a lot of garbage and Ramen. If you want to actually eat well (and by well I mean quality food, not steak every night), $1,000 is extremely reasonable.
Oh, and has anyone made mention of the fact that they don't even have a line item in their budget for alcohol? shite - that's like 32% of my monthly budget.
Oh, and has anyone made mention of the fact that they don't even have a line item in their budget for alcohol? shite - that's like 32% of my monthly budget.
Posted on 10/14/17 at 7:11 pm to AbitaFan08
quote:
I think we average about $600/mo for food, and it's just two of us in my house. And it's more when we are trying to refrain from eating out. So I don't see why $1,000 is so outrageous for two people and a child.
What do you spend $600 on? Lets assume $30 postmates 12x a month that's $360. What are you spending the left over $240 on? Pancakes($10) coffee($25), snacks($50), fresh produce($15), beverages($15), meat from a butcher ($75). I still can't get to $600
Posted on 10/14/17 at 7:11 pm to AbitaFan08
I mean you could raid the dumpster outside Taco Bell and save a few hundred bucks. I buy food that is decent nutritionally and diverse so the kids learn to like different things. We don’t eat out much but a couple decent dinners and a few times to chick fil a and you are at $250-$450.
I think there are several people in this thread who are not very honest with us or themselves.
I think there are several people in this thread who are not very honest with us or themselves.
Posted on 10/14/17 at 7:13 pm to VerlanderBEAST
What are postmates?
Posted on 10/14/17 at 7:13 pm to 632627
That house is more like 700 sq. Ft. Or it's a crack house. To buy anything ok to inhabit in SF over 800sq. Ft now will prob cost near 1mill. Plus don't even think about getting a house. We are talking near efficiency level condos. Traveling south price hangs around 1 mil until San Jose. That is about an hour and a half commute by train. Each way. 3 hours a day lost right there. So now how do you find time to cook if you are working 10 hours plus a day with 3 hours commute. So 1k for food budget seems good.
Average rent for one bedroom in SF is about 3500. Oakland is rising and I think it is north of 2k now for one bedroom..
Plus food is Def more expensive in SF. Sandwiches for lunch in the city are more than 10 dollars. Not exactly full of fast food options either.
If you are driving into City, parking will get ya. I think a space runs about 300 a month or 15 to 30 dollars a day.
Average rent for one bedroom in SF is about 3500. Oakland is rising and I think it is north of 2k now for one bedroom..
Plus food is Def more expensive in SF. Sandwiches for lunch in the city are more than 10 dollars. Not exactly full of fast food options either.
If you are driving into City, parking will get ya. I think a space runs about 300 a month or 15 to 30 dollars a day.
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