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Off The Water
Watering Hole
Want to be happy? The Smithsonian says....
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<blockquote data-quote="Butthead" data-source="post: 448517" data-attributes="member: 637"><p>I think that $70K/year is relative to where you live. $70K in the DC Metro area doesn't get you very far and leaves very little to save or put into a retirement account. An average single-family house in a decent neighborhood in the suburbs is going to be $500K+ on the cheaper side. As a couple making double that amount, I could see it being much more doable. Interestingly, if you take the $70K and multiple it by the cost of living index for this area, which is around 40% higher than the national average, you'd be at about $100K, which I agree is our sweet spot. Unfortunately, there are a lot of people out there who are terrible with money and still feeling the pinch at that level of income and higher. It's disgusting how stupid people can be with their finances. </p><p></p><p>Now if I was making $70K where my extended family lives in Wisconsin, I'd definitely be baller. :mrgreen:</p></blockquote><p></p>
[QUOTE="Butthead, post: 448517, member: 637"] I think that $70K/year is relative to where you live. $70K in the DC Metro area doesn't get you very far and leaves very little to save or put into a retirement account. An average single-family house in a decent neighborhood in the suburbs is going to be $500K+ on the cheaper side. As a couple making double that amount, I could see it being much more doable. Interestingly, if you take the $70K and multiple it by the cost of living index for this area, which is around 40% higher than the national average, you'd be at about $100K, which I agree is our sweet spot. Unfortunately, there are a lot of people out there who are terrible with money and still feeling the pinch at that level of income and higher. It's disgusting how stupid people can be with their finances. Now if I was making $70K where my extended family lives in Wisconsin, I'd definitely be baller. :mrgreen: [/QUOTE]
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Off The Water
Watering Hole
Want to be happy? The Smithsonian says....
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