Caribbean Nesties
Mucho likes purple nails and purple cupcakes
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Financial irrationality on the bump
http://community.thebump.com/cs/ks/forums/41778010/ShowThread.aspx#41778010
Why would you give up the higher of your two incomes, to scrape by on $35K/yr?
Mucho likes purple nails and purple cupcakes
Re: Financial irrationality on the bump
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If I were a man (or fitty) I'd totally call my penis THE WIZARD - HappyTummy
Husbands should be like Kleenex: Soft, strong, and disposable.
Who pays $1k a month on rent in Utah? Well, I'm sure someone does, but I bet they make more than $35k a year.
Yeah, I just searched all of Salt Lake City and the vicinity for a minimum rent of a thousand dollars and even those results top out in the low thousand range. Clearly there must be plenty of cheaper housing: http://www.apartments.com/Results.aspx?page=results&area4=y&state=ut&rgn1=70&helicon=1&subarea1=y&subarea2=y&subarea3=y&subarea4=y&subarea5=y&subarea6=y&subarea7=y&prvpg=5&Rent_Minimum=1000&Rent_Maximum=99999
"As of page 2 this might be the most boring argument ever. It's making me long for Rape Day." - Mouse
If the COL is low, daycare costs are probably pretty low too?
I understand women who value staying home with a kid over fancier lifestyles and fun money. I just don't get women who are willing to put their family into financial ruin, or place tons of stress and pressure on the working spouse to stretch every last penny to the max so that they don't have to work. And making 35k, I just can't imagine the situation being a "Just giving up luxury and fun money" kind of situation.
If I were in that situation, I would probably never sleep again because I'd be constantly freaked out about finances. One big unanticipated cost and you're fuucked.
Exactly. If you can actually afford it and its a priority for you, great. But if you have to essentially mortgage your future to do it, because there's nothing leftover to put away for retirement, college funds, etc. how is that better for your family?
Mod, even if she only makes a little bit more than him, it's still an irrational decision to give up her income. When you're talking $35K, every little bit matters. (Caveats: unless his long term earning power is greater than hers, and/or his benefits are a lot better.)
HT, a couple of friends at work use agita and I've decided to steal it because it makes me sound way smarter.
Mucho likes purple nails and purple cupcakes
Yeah, their rent is more than our mortgage and the thought of living on $2200 a month makes me itchy. I mean, we literally couldn't do it, even if we cut out all of our non-essentials.
Especially with so little savings and not putting anything in, I can't imagine it. I happened to have a crappier than normal month with my health this month and I've spent about $400 on co-pays and prescriptions. It's not a problem, but that's WHY you have to have a cushion, especially when you have a baby. I assume those sorts of things will happen more often with kids.
The nerve!
House | Blog
I think $35k was a different amount back then, though, right? My dad was making about that much when we moved to Houston and we weren't struggling.
It's not the 35k that bothers me. It's the 2200 a months and the like 1700 in expenses before taking even groceries into account.
The nerve!
House | Blog
Absolutely. The person who stays at home on that amount with $325 rent? More power to her.
I think it's possible to SAH on that amount, but not with those expenses. No way.
The nerve!
House | Blog
Agreed. My dad's mortgage was in the $400/mo range (which still buys a decent house in BFE) and he never had a car payment because he saved money and bought with cash, etc. so 35k went much farther that way. My point was we never went without anything we needed and even as a bratty teenager I wasn't all 'woah is me, we're so poor.'
Ok, are taxes super low there? I thought 1/3 was pretty standard federally. Because 1/3 of 35,500 is 10,650, which would give a take home of 24,850. Which is 2070 a month, and doesn't account for SS and health insurance.
Am I tripping?
For less then ten cents a day, you can feed a hungry child.
Maybe the $35k is his takehome and she's already taken taxes into account.
I think Lindsey's whole point was that there's no way they can keep that lifestyle, which the OP seems to be asking if they can, and pull in $35k/year, not if it's at all doable if you change x, y, and z expenses.
Husbands should be like Kleenex: Soft, strong, and disposable.
I'm most surprised by the person who lives in Sacramento and is living off the same budget. Whoa.
"That chick wins at Penises, for sure." -- Fenton
In CA, gas alone could cost you $35K a year.
11/11/11 = 5 years. Woah!