3 ms·
https://www.cnbc.com/2017/10/09/budget-breakdown-of-a-couple-making-200000.html https://www.cnbc.com/2017/10/09/budget-breakdown-of-a-couple... Making $200k, m
by neogodless 4y ago
https://www.cnbc.com/2017/10/09/budget-breakdown-of-a-couple-making-200000.html https://www.cnbc.com/2017/10/09/budget-breakdown-of-a-couple...
Making $200k, maxing out 401k ($18k)
But $700k home, child care, vacations, car, somehow $400/month on gas! "Children's lessons" $400+/month
https://www.financialsamurai.com/scraping-by-on-500000-a-year-high-income-earners-struggling/ https://www.financialsamurai.com/scraping-by-on-500000-a-yea...
$500k / year and max out 401k but... whoa. 40% taxes and huge student loans don't help but $1.5m home, expensive vacations and cars, etc.
- bnycum 4y agoI live somewhere much lower cost of living than San Francisco, but $400 in gas doesn't seem outrageous. I spent ~$90 on gas in May on my Honda Accord alone and I work from home, plus gas is under $4/gal here. That's not counting whatever my wife spent on her car who drives a whole lot more than me. Could also see "children's lessons" creeping up that high in places like San Francisco as well. It's easily $120-150/month for us per child per activity which may only cover 2 nights a week. We let our 2 kids pick one thing whether it's tennis, tae-kwon-do, etc. Luckily my kids don't need any extra tutoring either.
- neogodless 4y agoYeah I realized that - my driving habits have decreased wildly since pre-pandemic, so I pay more like $40 every two months... but that particular expense isn't too crazy. (Doesn't take away from the rest of their budget being over-the-top though).