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re: What do you consider middle class?
Posted on 2/10/20 at 2:21 pm to Pettifogger
Posted on 2/10/20 at 2:21 pm to Pettifogger
quote:Same boat, we'll start trying for kids soon, hopefully we save more money when it happens. I'm starting to think that we will.
We don't have kids but several of our friends have promised us we'll probably save money (at first) when we do. Simply because we're all so used to doing whatever we want - "oh it's nice out and we're bored let's go spend 100 bucks at the brewery for no reason then another 100 on a dinner at a place we don't even like that much after buying some rug my wife wants for 500 dollars."
1
Posted on 2/10/20 at 2:36 pm to lsu777
quote:
Used to irk me when people on the H&F board would make comments about my garage gym, but I have learned people envy everything no matter how great they have it.
I don’t drive myself into jealousy, but I want a garage gym.
Posted on 2/10/20 at 2:48 pm to TheCaterpillar
didnt say money is tight buy im not throwing down 60k for a truck either,
Posted on 2/10/20 at 4:16 pm to lsu777
quote:
The same ones saying they are working 60 hours a week...that's such bullshite. Unless you live in NYC, LA etc and work for a huge law firm or accounting etc...hardly anyone is working that. You are lying unless you are in construction.
My wife and I both put in 60 hour weeks regularly (her less so now that she is out of big 4 accounting), and we don't live in a big city, and I don't work for a "huge law firm" (it's a small to mid-size one). Plenty of young professionals put in 50-60 hour weeks regularly.
Posted on 2/10/20 at 4:28 pm to lionward2014
quote:
My wife and I both put in 60 hour weeks regularly (her less so now that she is out of big 4 accounting), and we don't live in a big city, and I don't work for a "huge law firm" (it's a small to mid-size one). Plenty of young professionals put in 50-60 hour weeks regularly.
Outside of accountants and lawyers and on call doctors...I have found this to be bullshite. 50...yes, 60 bullshite, it's rare. And if they are it's 6-6 m-f.
Posted on 2/10/20 at 5:25 pm to lsu777
Uh construction workers are putting in 5-6 10 or 12 hour shifts a week
I can list several more professions that are putting in 50-60 a week
I can list several more professions that are putting in 50-60 a week
Posted on 2/11/20 at 12:51 am to WaydownSouth
I've gone almost a year straight working 7 days a week in construction at one point. I was in management but still it's absurd
Posted on 2/11/20 at 12:55 am to mmmmmbeeer
I can't imagine life below $85k right now. We've reached that point in life where the tax break doesn't make up a chunk of the cost of raising kids. Thankfully we should be up in that comfortable $100k club in 5 years.
Posted on 2/11/20 at 6:52 am to Epic Cajun
quote:
Same boat, we'll start trying for kids soon, hopefully we save more money when it happens. I'm starting to think that we will.
Way more expensive with kids because on top of what it used to cost now you have to drop $80 on a sitter
Not to mention the $1,000+ you’re spending on daycare if your wife works
To answer original question look up 25 and 75 percentile household income and if you fall in the middle then you’re middle class.
Also there are some dumb people that post here after reading the thread
Posted on 2/11/20 at 7:40 am to yellowfin
quote:I could see this after the first 6 months or so. At this rate we'll never choose to have kids
Way more expensive with kids because on top of what it used to cost now you have to drop $80 on a sitter
Not to mention the $1,000+ you’re spending on daycare if your wife works
Posted on 2/11/20 at 7:42 am to HarveyBanger
I dont feel like reading why this got to 22 pages.
Is it the same argument every time a thread like this pops up?
Some bloke in the boondocks raising 6 kids on 50k a year trying to tell a person in a Metro that 50k should be enough for him too?
Is it the same argument every time a thread like this pops up?
Some bloke in the boondocks raising 6 kids on 50k a year trying to tell a person in a Metro that 50k should be enough for him too?
Posted on 2/11/20 at 7:44 am to 50_Tiger
And some people saying 300k is middle class
Posted on 2/11/20 at 7:46 am to fallguy_1978
quote:
And some people saying 300k is middle class
Oooooo semi-expert level troll work going on here...
Okay dammit im reading now
Posted on 2/11/20 at 7:52 am to Epic Cajun
quote:
At this rate we'll never choose to have kids
If you wait until you can afford kids you will never have them. You will figure out a way to make ends meet.
Posted on 2/11/20 at 8:11 am to Janky
We can already afford them. The question for us is, at what point do we want to afford them
Posted on 2/11/20 at 8:20 am to MSUDawg98
quote:
I can't imagine life below $85k right now. We've reached that point in life where the tax break doesn't make up a chunk of the cost of raising kids. Thankfully we should be up in that comfortable $100k club in 5 years.
100k 5 years from now won't be all that much more in 5 years. Estimates put 85k now will be like 96,170 in 5 years.
Posted on 2/11/20 at 8:27 am to fallguy_1978
quote:
I knocked my wife up accidentally after we were married for 6 months. I'll be an empty nester at 46 though
Same here. Empty nesting since 44. I'll be 46 this month. Having disposable income and no kids is the greatest thing ever. Our college/high school friends with the kids in middle school or worse, elementary school, kill me. No way I could go back to that now. It was hard having kids in your early 20's, but the payoff is worth it.
Posted on 2/11/20 at 8:36 am to fallguy_1978
When they move out for college is when they really get expensive
Posted on 2/11/20 at 8:39 am to yellowfin
Hopefully mine will be happy being a frat star at Ole Miss.
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