5 ms·
I don't understand how you couldn't save 50% of your income per year while working at facebook.
by Redoubts 9y ago
I don't understand how you couldn't save 50% of your income per year while working at facebook.
- danans 9y agoAssuming a $200k income, a modest 2bd Bay area house, 2 preschool aged children, between mortgage/rent (4k/mo), childcare (20+k/child/year), car, food, taxes, and other basic life expenses, it's totally possible not to save 50%. Unless you meant as a childless single person making 200k/yr. Then yes, it's easy.
- thaumasiotes 9y ago> Assuming a $200k income... 2 preschool aged children... childcare (20+k/child/year) Does $200k not seem low for a two-income family? Does paying for childcare not seem strange for a one-income family?
- danans 9y agoThe previous comment's scenario was "A Facebook employee", with no mention of another income. Also, many people's spouses are students, or non-highly remunerated.
- thaumasiotes 9y agoHence the other question, "Does paying for childcare not seem strange for a one-income family?"
- danans 9y agoNot if there is only one parent, or the other parent is a full time student.
- dragonwriter 9y ago> Does $200k not seem low for a two-income family? Not really, even in the BA, unless they are both in tech or similar; $200K is nearly double the median household (not individual) income for San Francisco & San Mateo Counties.
- fatjokes 9y agoIt's amazing how much your expenses and tastes can grow with your income.