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May 21, 2024
12:17:20pm
justAnotherCoug All-American
It's not that hard, crazy, or confusing
A mock budget for 96th percentile household earnings in the US:

Gross income: $360k
Rough after-tax: $240k
Rough after long-term savings (15% of gross not including match): $186k
After other deductions (Medical, Company life, ...) : $177k
After tithing: $159k

Operating Expenses:
Mortgage: $28k
Home Maintenance/Improvement/Furniture/etc...: $20k
Dining: $12k
Groceries: $12k
Gifts: $8k
Utilities: $7k
Home Products: $4.5k
Entertainment: $3.5k
Clothing: $3.5k
Life Insurance: $3k
Beauty: $3.5k
Health/Fitness: $3k
Discretionary: $3k

That leaves you around $48k/year for everything else:
Kids activities
Cars
Vacations
Boats
...

All without racking up credit card debt.
justAnotherCoug
Previous username
annapcoug
Bio page
justAnotherCoug
Joined
Sep 8, 2010
Last login
Jul 18, 2024
Total posts
5,660 (10 FO)
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May 20, 5:20pm
TNT
May 20, 6:06pm

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