Author Topic: Another article on how much for a comfortable life  (Read 1835 times)

pom

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Another article on how much for a comfortable life
« on: October 09, 2014, 09:23:45 AM »
http://wallstcheatsheet.com/personal-finance/how-do-you-know-when-youre-making-good-money.html

Recent college grad: 30k to 32k
Young couple no kids: 47k
Small family (1-2 kids) : 100k

I would say that the first two are on the high side of comfortable, they are ok in my opinion. The small family one though is just ridiculous, if you think about it, the difference between the 2nd and 3rd should be just the kids. Suddently the median house with 1600 sqft is no longer good enough for a family of 3 or 4?

I personally intent to have a very comfortable life as a family of 3 in our 700 sqft apartment with the added bonus of having no money related stress and more than comfortable savings.
 

slugline

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Re: Another article on how much for a comfortable life
« Reply #1 on: October 09, 2014, 03:04:56 PM »
It's not really the housing -- the article attributes most of the difference between situations #2 and #3 as the cost of daycare (assuming no stay-at-home parent) and saving for college education. The actual dollar difference is debatable, of course, but I'm wondering if the author is also thinking that the family is saving for the downpayment for a house as well.
« Last Edit: October 09, 2014, 03:17:56 PM by slugline »