Someone got into heated argument over comment I made in my another thread when I said we survive well with $60k (post tax) for family of four.
Here is the breaddown:
Rent: $2400 (East South of Seattle, quiet and safe area 3B2Ba SFH)
Groceries: $800 per month
Kids school: $200 per month (public school)
Kids activities: $200 (for 4-6 months). We play at home.
Electricity, Gas, Sewer - $400 per month
Gas: $100 per month (I mostly do WFH)
Emergency: $300 per month
Fun or toys: $100 month
Healthcare: $1200 per month (through marketplace)
Internet: $50 per month (comcast 2 year deal)
Childcare: None since one of the spouse stays at home.
My spouse and I don't drink. We play board games at home. We have no TV rule at home since most TV is just brainwashing. We have internet that we use for watching shows. We don't like Netflix since every show is just sex, gore, or violence filled non-sense.
We could lower it if we moved to an apartment but we love the place. We live happily and I get to see kids everyday rather than leaving them with strangers with cookie cutter upbringing. You can't outsourced parenting when you decide to have kids. But, most people never grow up. They want to party every weekend. They can't keep up with jonasses. We are different. This is how my family built the wealth.
I firmly beleive it is manageable with $60k to $80k. Granted, we are not contributing to retirement but this won't be forever situation.
Somehow, people have build expectation that you need $150k - $200k to live descently. It is utmost corporate and media brainwashing one could imagine.
I totally understand this is not doable for everyone and your situation might be different. But, please don't deny you are not going to survive on $60k.
I am curious how much money do you spend each month and what does the breaddown look like?