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Are you sure you mean upper six figures, and not five? With high six figures your one month's salary would dwarf your savings, which sounds quite implausible.
by distances 8y ago
Are you sure you mean upper six figures, and not five? With high six figures your one month's salary would dwarf your savings, which sounds quite implausible.
- hermitdev 8y agoI think the GP probably meant upper end of the [100k, 200k) range. If they truly meant upper end of the [100k, 1M) range and they're still in the same state of having a mere combined 11k saved...they're doing something horribly wrong with their finances and should take a step back and reevaluate their personal finances. I'm in the [100k, 200k) range, and I've had to reevaluate my finances. I used to live pretty comfortably on less than half my income. I had no credit card debt, my $50k car was paid off. Student loans were paid off a decade ago. Then, I got married and now have 2 step children. Between moving into a larger place to accommodate the new family and all the costs associated with getting married, moving & furnishing a larger place, I'm just now about to start to get our heads above water. I had to take money out of savings before we could get outflow to be less than inflow.
- soulnothing 8y agoReplying here, because I had no time to reply here earlier due to meetings. Anyway yes between 150 - 200k range. My prior comment before removed was 5k savings, 11k 401k. I had more, but life events. For me, it's a variety of things. Largely summed up as I bought a house at 25. Had health issues that were in remission, then came back. And have been trying to get above water since. I know a number of software engineers, who are in it just to pay the bills. As the pay increases so do the responiblities you hold.