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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 8:06 am to
Posted by Statestreet
Gueydan
Member since Sep 2008
12921 posts
Posted on 10/12/17 at 8:06 am to
Left off $12,000/ year in Obamacare for the healthy couple
Posted by shiftworker
LP
Member since Dec 2011
5099 posts
Posted on 10/12/17 at 8:07 am to
Only 9% in 401k? That’s pathetic.

Only 1% to charity? Stingy bastards.
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
101915 posts
Posted on 10/12/17 at 8:07 am to
quote:

think he means the cost

I have $1 mil on me and it's only $700/year


One would assume that in this scenario they both have similar policies.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 10/12/17 at 8:07 am to
Damn I didn't think it was that much. Makes sense I guess
Posted by The Mick
Member since Oct 2010
43080 posts
Posted on 10/12/17 at 8:07 am to
$1500 for car insurance? LOL
Posted by LNCHBOX
70448
Member since Jun 2009
84065 posts
Posted on 10/12/17 at 8:08 am to
quote:

One would assume that in this scenario they both have similar policies.




This thread has been highly entertaining
Posted by Salmon
On the trails
Member since Feb 2008
83528 posts
Posted on 10/12/17 at 8:08 am to
quote:

Only 9% in 401k? That’s pathetic.


its the max for 1 person...
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
101915 posts
Posted on 10/12/17 at 8:08 am to
quote:

quote:

24k for child care


That's not crazy at all. Two kids at $1k per month each is about what I pay for full time day care. That's the ballpark of what it costs.


It specifically says it's $24K for one kid.
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40038 posts
Posted on 10/12/17 at 8:08 am to
People asking about healthcare. If you are making six-figs, there is a higher probability than not that the company is also paying for your health insurance OR paying a significant amount of it.

I have 90/10 , 35 co pay, 1500 max out of pocket for 70 bucks a month.
Posted by Displaced
Member since Dec 2011
32707 posts
Posted on 10/12/17 at 8:08 am to
quote:

Only 9% in 401k? That’s pathetic.

Well, 18k is yearly maximum, soooooooo
Posted by LNCHBOX
70448
Member since Jun 2009
84065 posts
Posted on 10/12/17 at 8:09 am to
quote:

It specifically says it's $24K for one kid.



Even if it is, it's not unreasonable given the market. You can easily spend $1k per child in NOLA, so I'd expect SF to to cost at least $2k. shite, I know people paying $1k per kid on the northshore.
Posted by biglego
Ask your mom where I been
Member since Nov 2007
76198 posts
Posted on 10/12/17 at 8:09 am to
Oh. Yikes.
Posted by DaBike
Member since Jan 2008
9011 posts
Posted on 10/12/17 at 8:10 am to
quote:

living in San Francisco


They are bad at managing money and they live in San Francisco/CA.
Posted by lynxcat
Member since Jan 2008
24133 posts
Posted on 10/12/17 at 8:10 am to
18k PER PERSON
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
101915 posts
Posted on 10/12/17 at 8:10 am to
That might be reasonable for SF... can't say I've ever looked into daycare costs there. I have no idea if that's as inflated as the housing market.
Posted by Displaced
Member since Dec 2011
32707 posts
Posted on 10/12/17 at 8:11 am to
We will be paying 1k/month in Chattanooga. I didn't think that part is outrageous.
Posted by BACONisMEATcandy
Member since Dec 2007
46643 posts
Posted on 10/12/17 at 8:11 am to
It specifically says San Francisco as well.
Posted by JT4UA
Atlanta, GA
Member since Jun 2010
187 posts
Posted on 10/12/17 at 8:12 am to
Good Lord that is insane! $700k house? $8k a year on vacation. These people have no sense of a budget. I don't really call this a budget. They really are overspending in lots of areas. They could have easily saved over $20,000 a year by cutting back in a few areas.

This article is shite. Let's see a real budget of a real family in the South and see what type of budget they have.
Posted by Salmon
On the trails
Member since Feb 2008
83528 posts
Posted on 10/12/17 at 8:12 am to
yeah

the writer purposely picks one of the most expensive areas in the country to live and then estimates high on all expenses to try and prove a point

basically its a bullshite article
Posted by LNCHBOX
70448
Member since Jun 2009
84065 posts
Posted on 10/12/17 at 8:12 am to
quote:

They are bad at managing money and they live in San Francisco/CA.



Why are they bad at managing money? After every expense they have for the year, including generous clothing and vacations allowance and funding retirement vehicles, they still have almost $500 left over each month. I would venture to say the majority of people posting in this thread can't say the same.
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