Current Events > Could you live on a salary of $60k?

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SK8T3R215 10/14/21 10:28:37 PM #101:	Lmfao at how many poors are here --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:959043619] in Could you ... [t:79710763]...</cite> <quote>Lmfao at how many poors are here </quote> ... Copied to Clipboard!
mooreandrew58 10/14/21 10:36:02 PM #102:	My base salary is about 34k. I make about 55k with overtime and live just fine supporting another adult that isn't currentlt bringing in any money. Brother supporter a wife and kid working the same job I do. --- Cid- "looks like that overgrown lobster just got served!" Bartz-"with cheese biscuts AND mashed potatoes!" <cite>mooreandrew58 posted [p:959043864] in Could you ... [t:79710763]...</cite> <quote>My base salary is about 34k. I make about 55k with overtime and live just fine supporting another adult that isn't currentlt bringing in any money. Brother supporter a wife and kid working the same job I do. </quote> ... Copied to Clipboard!
kage_53 10/14/21 10:50:36 PM #103:	60k isnt good enough for where I live. Im expecting Seattle to surpass San Francisco for most expensive to live in by end of decade. <cite>kage_53 posted [p:959044255] in Could you ... [t:79710763]...</cite> <quote>60k isnt good enough for where I live. Im expecting Seattle to surpass San Francisco for most expensive to live in by end of decade. </quote> ... Copied to Clipboard!
Returning_CEmen 10/14/21 10:52:56 PM #104:	@Legato-and-Vash posted... That's my current salary. I'm doing just fine with it. If I were completely single and didn't have a daughter, I'd be living like a king with that salary here in Memphis. You have a daughter now!!?!? How old is she? Congrats --- Genius, Thousandaire, Playboy, Philanthropist <cite>Returning_CEmen posted [p:959044329] in Could you ... [t:79710763]...</cite> <quote>@Legato-and-Vash posted... </cite> <quote>That's my current salary. I'm doing just fine with it. If I were completely single and didn't have a daughter, I'd be living like a king with that salary here in Memphis.</quote>You have a daughter now!!?!? How old is she? Congrats </quote> ... Copied to Clipboard!
VTBM 10/14/21 11:00:35 PM #105:	Probably. That's about 20k more than I make now. --- https://imgur.com/e7sCCSb <cite>VTBM posted [p:959044544] in Could you ... [t:79710763]...</cite> <quote>Probably. That's about 20k more than I make now. </quote> ... Copied to Clipboard!
Kanaya413 10/14/21 11:02:21 PM #106:	Im making $0 rn so hell yeah <cite>Kanaya413 posted [p:959044601] in Could you ... [t:79710763]...</cite> <quote>Im making $0 rn so hell yeah </quote> ... Copied to Clipboard!
2Pacavelli 10/14/21 11:18:39 PM #107:	I'm doing it currently <cite>2Pacavelli posted [p:959045056] in Could you ... [t:79710763]...</cite> <quote>I'm doing it currently </quote> ... Copied to Clipboard!
skermac 10/15/21 1:04:38 PM #108:	Its double what I make now --- To the edge of the universe and back, endure and survive <cite>skermac posted [p:959061047] in Could you ... [t:79710763]...</cite> <quote>Its double what I make now </quote> ... Copied to Clipboard!
bloodyarts 10/15/21 2:11:15 PM #109:	KateOnTop posted... 60k is 40k after taxes. that's 3,333/month... That's just taxes. Now add... health insurance, dental insurance, life insurance, disability insurance, 401k, union dues (if applicable), and child support (If applicable). Now you're looking at about $500 to $1000 less per month, bringing your net pay to just under 30K. With that, you'll need to pay monthly... Mortgage/rent, Food shopping, Car note, car insurance, cell phone, electric, water (if applicable), gas, and internet bills. Finally, whatever you have left over can be split between savings, grooming and other recreation (dinner, movies, amusement parks, etc). So depending what state you're in, 60k means you are damn near poor, especially if you're single. <cite>bloodyarts posted [p:959063318] in Could you ... [t:79710763]...</cite> <quote>KateOnTop posted... </cite> <quote>60k is 40k after taxes. that's 3,333/month...</quote>That's just taxes. Now add... health insurance, dental insurance, life insurance,disability insurance, 401k, union dues (if applicable), andchild support (If applicable).Now you're looking at about $500 to $1000 less per month, bringing your net pay to just under 30K. With that, you'll need to pay monthly... Mortgage/rent,Food shopping,Car note,car insurance, cell phone, electric,water (if applicable), gas, and internet bills.Finally, whatever you have left over can be split between savings, grooming and other recreation (dinner, movies, amusement parks, etc). So depending what state you're in, 60k means you are damn near poor, especially if you're single. </quote> ... Copied to Clipboard!
TheRadiant 10/15/21 2:16:18 PM #110:	You mean more than double what I earn? No, couldn't do it. --- She/her <cite>TheRadiant posted [p:959063482] in Could you ... [t:79710763]...</cite> <quote>You mean more than double what I earn? No, couldn't do it. </quote> ... Copied to Clipboard!
Mist_Turnips 10/15/21 2:18:03 PM #111:	That would be a severe cutback --- "They say if you don't hide your belly button, lightning could take it away from you! What would happen if it did?" https://imgur.com/G74y2NJ <cite>Mist_Turnips posted [p:959063542] in Could you ... [t:79710763]...</cite> <quote>That would be a severe cutback</quote> ... Copied to Clipboard!
apocalyptic_4 10/15/21 2:38:10 PM #112:	I make just over that now and I'm ok. Although I'll need to make over 90k a year to own a house where I live. Holmes go for 800k to over 1.5 million where I live in Southern Ontario. --- XBL: Mrpicardbottoms PSN: Bosh369 <cite>apocalyptic_4 posted [p:959064140] in Could you ... [t:79710763]...</cite> <quote>I make just over that now and I'm ok. Although I'll need to make over 90k a year to own a house where I live. Holmes go for 800k to over 1.5 million where I live in Southern Ontario. </quote> ... Copied to Clipboard!
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MrDrMan 10/15/21 2:42:44 PM #114:	bloodyarts posted... That's just taxes. Now add... * health insurance, * dental insurance, * life insurance, * disability insurance, * 401k, * union dues (if applicable), and * child support (If applicable). Now you're looking at about $500 to $1000 less per month, bringing your net pay to just under 30K. With that, you'll need to pay monthly... * Mortgage/rent, * Food shopping, * Car note, * car insurance, * cell phone, * electric, * water (if applicable), * gas, and * internet bills. Finally, whatever you have left over can be split between savings, grooming and other recreation (dinner, movies, amusement parks, etc). So depending what state you're in, 60k means you are damn near poor, especially if you're single. If you cant cover all that with 5k a month youre not poor, youre just awful with money. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:959064301] in Could you ... [t:79710763]...</cite> <quote>bloodyarts posted... </cite> <quote>That's just taxes. Now add... * health insurance, * dental insurance, * life insurance, * disability insurance, * 401k, * union dues (if applicable), and * child support (If applicable). Now you're looking at about $500 to $1000 less per month, bringing your net pay to just under 30K. With that, you'll need to pay monthly... * Mortgage/rent, * Food shopping, * Car note, * car insurance, * cell phone, * electric, * water (if applicable), * gas, and * internet bills. Finally, whatever you have left over can be split between savings, grooming and other recreation (dinner, movies, amusement parks, etc). So depending what state you're in, 60k means you are damn near poor, especially if you're single.</quote> If you cant cover all that with 5k a month youre not poor, youre just awful with money. </quote> ... Copied to Clipboard!
bloodyarts 10/15/21 2:50:44 PM #115:	MrDrMan posted... If you cant cover all that with 5k a month youre not poor, youre just awful with money. 5k/mo. free and clear? Sure, easily doable. 5k/mo. subject to taxes and other payroll deductions? More difficult. <cite>bloodyarts posted [p:959064557] in Could you ... [t:79710763]...</cite> <quote>MrDrMan posted... </cite> <quote>If you cant cover all that with 5k a month youre not poor, youre just awful with money.</quote>5k/mo. free and clear? Sure, easily doable. 5k/mo. subject to taxes and other payroll deductions? More difficult. </quote> ... Copied to Clipboard!
g980 10/15/21 2:52:02 PM #116:	If my wife keeps her salary, yeah for sure If we both make $60k, then that would be very tight but uh maybe If household income were $60k but we kept our savings (aka we liquidate to pay off the mortgage), we could probably keep the house and survive with a lower standard of living If just $60k and no savings: no we would need to move somewhere much cheaper --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:959064588] in Could you ... [t:79710763]...</cite> <quote>If my wife keeps her salary, yeah for sure If we both make $60k, then that would be very tight but uh maybe If household income were $60k but we kept our savings (aka we liquidate to pay off the mortgage), we could probably keep the house and survive with a lower standard of living If just $60k and no savings: no we would need to move somewhere much cheaper</quote> ... Copied to Clipboard!
bobaban 10/15/21 2:58:32 PM #117:	It all depends on your rent/mortgage. <cite>bobaban posted [p:959064788] in Could you ... [t:79710763]...</cite> <quote>It all depends on your rent/mortgage. </quote> ... Copied to Clipboard!
Time 10/15/21 2:59:21 PM #118:	I did back in 2014 but man my rent was almost half of what it is now. --- http://karma.hardcore-tm.com - GameFAQs Karma Calculator. <cite>Time posted [p:959064810] in Could you ... [t:79710763]...</cite> <quote>I did back in 2014 but man my rent was almost half of what it is now. </quote> ... Copied to Clipboard!
Protopet 10/15/21 2:59:58 PM #119:	I'm a little under that now. Its enough to live pretty comfortably. --- I should go. <cite>Protopet posted [p:959064829] in Could you ... [t:79710763]...</cite> <quote>I'm a little under that now. Its enough to live pretty comfortably. </quote> ... Copied to Clipboard!
Solid Snake07 10/15/21 3:09:24 PM #120:	Yeah, but my wife would probably need to get a job unless we drastically cut back our lifestyle. But I could make it work if I had to. --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:959065121] in Could you ... [t:79710763]...</cite> <quote>Yeah, but my wife would probably need to get a job unless we drastically cut back our lifestyle. But I could make it work if I had to. </quote> ... Copied to Clipboard!
MrDrMan 10/15/21 3:09:40 PM #121:	bloodyarts posted... 5k/mo. free and clear? Sure, easily doable. 5k/mo. subject to taxes and other payroll deductions? More difficult. Lot of those arent even necessary expenses. Life insurance isnt necessary, disability insurance isnt necessary, union dues arent a thing for most people, child support isnt a thing for most people. Carrying a 401k and life insurance is a luxury. If you use life insurance in a smart way then it basically acts as a retirement account. If you have a 401k and die then the money in the 401k account can be dispersed to dependents. Theres really no need for both. Not trying to knock you but 60k isnt poor at all. If you manage your money correctly it is easily doable even after taxes. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:959065131] in Could you ... [t:79710763]...</cite> <quote>bloodyarts posted... </cite> <quote>5k/mo. free and clear? Sure, easily doable. 5k/mo. subject to taxes and other payroll deductions? More difficult.</quote> Lot of those arent even necessary expenses. Life insurance isnt necessary, disability insurance isnt necessary, union dues arent a thing for most people, child support isnt a thing for most people. Carrying a 401k and life insurance is a luxury. If you use life insurance in a smart way then it basically acts as a retirement account. If you have a 401k and die then the money in the 401k account can be dispersed to dependents. Theres really no need for both. Not trying to knock you but 60k isnt poor at all. If you manage your money correctly it is easily doable even after taxes. </quote> ... Copied to Clipboard!
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SK8T3R215 10/15/21 3:13:07 PM #123:	bloodyarts posted... That's just taxes. Now add... * health insurance, * dental insurance, * life insurance, * disability insurance, * 401k, * union dues (if applicable), and * child support (If applicable). Now you're looking at about $500 to $1000 less per month, bringing your net pay to just under 30K. With that, you'll need to pay monthly... * Mortgage/rent, * Food shopping, * Car note, * car insurance, * cell phone, * electric, * water (if applicable), * gas, and * internet bills. Finally, whatever you have left over can be split between savings, grooming and other recreation (dinner, movies, amusement parks, etc). So depending what state you're in, 60k means you are damn near poor, especially if you're single. Well using an actual income tax calculator and deducting $1K a month for those pretax items, you take home $35K a year in NYC still. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:959065242] in Could you ... [t:79710763]...</cite> <quote>bloodyarts posted... </cite> <quote>That's just taxes. Now add... * health insurance, * dental insurance, * life insurance, * disability insurance, * 401k, * union dues (if applicable), and * child support (If applicable). Now you're looking at about $500 to $1000 less per month, bringing your net pay to just under 30K. With that, you'll need to pay monthly... * Mortgage/rent, * Food shopping, * Car note, * car insurance, * cell phone, * electric, * water (if applicable), * gas, and * internet bills. Finally, whatever you have left over can be split between savings, grooming and other recreation (dinner, movies, amusement parks, etc). So depending what state you're in, 60k means you are damn near poor, especially if you're single.</quote> Well using an actual income tax calculator and deducting $1K a month for those pretax items, you take home $35K a year in NYC still. </quote> ... Copied to Clipboard!
MrDrMan 10/15/21 3:14:01 PM #124:	JustMyOpinion posted... Lol thinking 401k is a luxury. Not all of us want to die at our desk. Reading is hard. I said carrying a 401k AND life insurance. You dont need both. You can accomplish the same goal with one or the other. The money in a 401k can go to your family when you die if necessary. If you dont die then the money that funds a life insurance account can be dispersed to you over the rest of your life and act as a retirement account. Money can also be pulled out of a life insurance policy There is no need for both unless you for some reason think you need millions of dollars accessible at retirement age which is false. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:959065267] in Could you ... [t:79710763]...</cite> <quote>JustMyOpinion posted... </cite> <quote>Lol thinking 401k is a luxury. Not all of us want to die at our desk.</quote> Reading is hard. I said carrying a 401k AND life insurance. You dont need both. You can accomplish the same goal with one or the other. The money in a 401k can go to your family when you die if necessary. If you dont die then the money that funds a life insurance account can be dispersed to you over the rest of your life and act as a retirement account. Money can also be pulled out of a life insurance policy There is no need for both unless you for some reason think you need millions of dollars accessible at retirement age which is false. </quote> ... Copied to Clipboard!
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MrDrMan 10/15/21 3:17:50 PM #126:	JustMyOpinion posted... Good to see you know nothing about finance. If I want to retire, a 401k is clearly much, much better. Im literally licensed in health/life in over 40 states but keep trying to educate me on shit you know nothing about. No shit a 401k is better which is why Ive said three times now you dont need both. Its nice to have both but not necessary at all. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:959065382] in Could you ... [t:79710763]...</cite> <quote>JustMyOpinion posted... </cite> <quote>Good to see you know nothing about finance. If I want to retire, a 401k is clearly much, much better.</quote> Im literally licensed in health/life in over 40 states but keep trying to educate me on shit you know nothing about. No shit a 401k is better which is why Ive said three times now you dont need both. Its nice to have both but not necessary at all. </quote> ... Copied to Clipboard!
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MrDrMan 10/15/21 3:27:43 PM #128:	JustMyOpinion posted... And your license means shit. Anyone advocating life insurance as a potential retirement vehicle should not be taken seriously. Are you high? Ive said multiple times now that a 401k is better but to say that it isnt possible to use a life insurance policy as retirement is dumb and flat out false. Its not ideal but it is easily possible. Youre not smart. You just make vague statements to act like you are while really saying nothing. Just shut up. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:959065717] in Could you ... [t:79710763]...</cite> <quote>JustMyOpinion posted... </cite> <quote>And your license means shit. Anyone advocating life insurance as a potential retirement vehicle should not be taken seriously.</quote> Are you high? Ive said multiple times now that a 401k is better but to say that it isnt possible to use a life insurance policy as retirement is dumb and flat out false. Its not ideal but it is easily possible. Youre not smart. You just make vague statements to act like you are while really saying nothing. Just shut up. </quote> ... Copied to Clipboard!
Jaded_Dragon 10/15/21 3:30:19 PM #129:	Depends on where you live. Where I currently reside? No. --- Buying a game at release these days is basically paying to be a beta tester. -Me <cite>Jaded_Dragon posted [p:959065795] in Could you ... [t:79710763]...</cite> <quote>Depends on where you live. Where I currently reside? No. </quote> ... Copied to Clipboard!
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MrDrMan 10/15/21 7:52:42 PM #131:	JustMyOpinion posted... Lol, possible to use as a retirement vehicle? Yes, it's possible, but it would be really dumb. Similarly, you could stuff all your money under a mattress as a retirement vehicle and that's possible, but also something very dumb that I wouldn't even mention as a potential retirement vehicle given how bad it is. Simmer down, kid. You said something stupid and got called out for it. You have no credentials whatsoever. Youre just a nerd talking shit. Get licensed and come talk to me maybe you can learn something. --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:959073457] in Could you ... [t:79710763]...</cite> <quote>JustMyOpinion posted... </cite> <quote>Lol, possible to use as a retirement vehicle? Yes, it's possible, but it would be really dumb. Similarly, you could stuff all your money under a mattress as a retirement vehicle and that's possible, but also something very dumb that I wouldn't even mention as a potential retirement vehicle given how bad it is. Simmer down, kid. You said something stupid and got called out for it.</quote> You have no credentials whatsoever. Youre just a nerd talking shit. Get licensed and come talk to me maybe you can learn something. </quote> ... Copied to Clipboard!
Ratchetrockon 10/15/21 7:54:14 PM #132:	Ya --- I'm a Taurus I like collecting headphones and iems. My fave game of all time is DMC 3 SE on PC w/ style switch mod. IMO it the best button masher on earth <cite>Ratchetrockon posted [p:959073496] in Could you ... [t:79710763]...</cite> <quote>Ya </quote> ... Copied to Clipboard!
dj1200 10/15/21 7:56:18 PM #133:	@Heartomaton are you disabled or elderly? --- "It was so ridiculous and I have so many feelings about it." -Virtual Energies <cite>dj1200 posted [p:959073551] in Could you ... [t:79710763]...</cite> <quote>@Heartomaton are you disabled or elderly? </quote> ... Copied to Clipboard!
Heartomaton 10/15/21 7:58:14 PM #134:	dj1200 posted... @Heartomaton are you disabled or elderly? I have agoraphobia. Apparently that's considered a disability. --- https://www.youtube.com/user/Heartomaton Heartomaton for President 2028. <cite>Heartomaton posted [p:959073604] in Could you ... [t:79710763]...</cite> <quote>dj1200 posted... </cite> <quote>@Heartomaton are you disabled or elderly?</quote> I have agoraphobia. Apparently that's considered a disability. </quote> ... Copied to Clipboard!
Blue_Thunder 10/15/21 8:03:24 PM #135:	I'm pretty much doing that right now so yes. --- Personal Theme Song: https://www.youtube.com/watch?v=udDl4K0aLHg <cite>Blue_Thunder posted [p:959073771] in Could you ... [t:79710763]...</cite> <quote>I'm pretty much doing that right now so yes.</quote> ... Copied to Clipboard!
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Tryin2GetDaPipe 10/15/21 10:18:42 PM #137:	Hell yes lol --- You Trying to Get The Pipe? ~ Earl Joseph Smith III https://imgur.com/eXRBTWI https://imgur.com/ErALyOy <cite>Tryin2GetDaPipe posted [p:959078016] in Could you ... [t:79710763]...</cite> <quote>Hell yes lol </quote> ... Copied to Clipboard!
MrDrMan 10/16/21 1:03:00 AM #138:	JustMyOpinion posted... Oh, so you're automatically right because you have some sort of license? Please enlighten us all on this license you have that makes your views unquestionable, kid. You have.nothing? --- Pimpin aint easy Chiefs/Royals/Lakers 2015/2016 champs baby <cite>MrDrMan posted [p:959082186] in Could you ... [t:79710763]...</cite> <quote>JustMyOpinion posted... </cite> <quote>Oh, so you're automatically right because you have some sort of license? Please enlighten us all on this license you have that makes your views unquestionable, kid.</quote> You have.nothing? </quote> ... Copied to Clipboard!
Kisai 10/17/21 10:22:48 AM #139:	I just did some math, and minimum wage of $11 * 8 hours a day = $88 * 5 days a week = $440 * 52 weeks = $22,880. So even if I worked full time, I wouldn't get $60,000. So this is a joke topic, right? --- WHO MODS THE MODERATORS? <cite>Kisai posted [p:959119787] in Could you ... [t:79710763]...</cite> <quote>I just did some math, and minimum wage of $11 * 8 hours a day = $88 * 5 days a week = $440 * 52 weeks = $22,880. So even if I worked full time, I wouldn't get $60,000. So this is a joke topic, right? </quote> ... Copied to Clipboard!
masticatingman 10/17/21 10:33:57 AM #140:	Not hard to in my area, at all. Now, if you factor in stuff like car payments and premium cable etc, then it could be cutting it a bit tight in terms of having spending money, but still. --- To/fro from-towards <cite>masticatingman posted [p:959120008] in Could you ... [t:79710763]...</cite> <quote>Not hard to in my area, at all. Now, if you factor in stuff like car payments and premium cable etc, then it could be cutting it a bit tight in terms of having spending money, but still. </quote> ... Copied to Clipboard!
Unknown5uspect 10/17/21 10:36:54 AM #141:	Legato-and-Vash posted... That's my current salary. I'm doing just fine with it. If I were completely single and didn't have a daughter, I'd be living like a king with that salary here in Memphis. Same here but Houston. --- #EatTheRich <cite>Unknown5uspect posted [p:959120064] in Could you ... [t:79710763]...</cite> <quote>Legato-and-Vash posted... </cite> <quote>That's my current salary. I'm doing just fine with it. If I were completely single and didn't have a daughter, I'd be living like a king with that salary here in Memphis.</quote>Same here but Houston. </quote> ... Copied to Clipboard!
teep_ 10/17/21 10:42:01 AM #142:	Just over 50k , or 4000 a month easily --- i believe we can fly up in the sky <cite>teep_ posted [p:959120173] in Could you ... [t:79710763]...</cite> <quote>Just over 50k , or 4000 a month easily</quote> ... Copied to Clipboard!
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Current Events > Could you live on a salary of $60k? (+) Yeah! (+)

Current Events > Could you live on a salary of $60k?