Lots of people do it for much less.

Jun 23, 2014
6:25:24pm

lightmann

They simply get by with less. Less on --

mortgage
401K (what retirement?)
food -- yes, it can be done for a lot less
car payment(s)
savings
Christmas

It's not impossible because so many people out there do it for less. Not easy, but . . . . .

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lightmann

Previous username: llightmann
Bio page: lightmann
Joined: Aug 3, 2004
Last login: Nov 16, 2024
Total posts: 37,324 (498 FO)

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Messages

Author

Time

So I was recently going over my finances and I realized its literally impossible

Crazy Cajun

6/23/14 5:17pm

The $1700 mortgage is a place where cuts could be made.

brj8

6/23/14 5:18pm

$295k mtg @ 4.25% is $1700. Doesn't seem too unrealistic.

Crazy Cajun

6/23/14 5:21pm

Get a $125k mortgage and you'll have more to spend

WDaddy

6/23/14 5:22pm

Depends on where you live.

brj8

6/23/14 5:22pm

Not in a lot of markets.

russkiejedi

6/23/14 5:26pm

I agree. I often wonder what I would do if I made less than $400k. #middleclass

WDaddy

6/23/14 5:20pm

*Sniff*

TNT

6/23/14 5:33pm

Absolutely no need to spend $1200 on Christmas (in my humble opinion).

brj8

6/23/14 5:21pm

Agreed...that's too low. At least $400-500 a kid is good.

COUGZ

6/23/14 5:41pm

$1700 mortgage? You renting a basement apartment or something? Quadrulple that

BlueFrog

6/23/14 5:21pm

Not if you had a large enough down payment.

Jeffacka

6/23/14 6:03pm

<< Deleted >>

BYUCoug11

6/23/14 5:22pm

Nm. Realized he meant $350 total for gas for two cars

unsq312

6/23/14 5:24pm

Must be commuting from Santaquin to SLC

WDaddy

6/23/14 5:25pm

Do you have health problems?

kccougar

6/23/14 5:27pm

If you're paying 1600 in taxes at 100k, you're doing something wrong

WDaddy

6/23/14 5:27pm

<< Deleted >>

BYUCoug11

6/23/14 5:33pm

You're right. A family of 4 or 5 is going to pay a lot less than $1600 a month

Mikey

6/23/14 5:34pm

Add in the $1200 you're saving as discretionary and you're doing fine

Jersey hunter

6/23/14 5:29pm

$1100/month for miscellany seems like plenty

jokerman

6/23/14 5:30pm

<< Deleted >>

sheriffcreg

6/23/14 5:33pm

Forgot to factor government subsidizing programs & sports figurines into budget

Fishious

6/23/14 5:34pm

impossible to live a certain standard, yes

korihor

6/23/14 5:35pm

Your list is still very plush. You could "easily" squeeze $1400 out of the list

phillidius

6/23/14 5:35pm

$1,100/mo is a lot of discretionary income.

kccougar

6/23/14 5:37pm

yes it is

charles

6/23/14 5:39pm

agree, pretty cushy IMO

YnotU

6/23/14 6:00pm

False. 100k is more than enough.

Virginia Ute

6/23/14 5:40pm

It's nowhere near impossible for people to avoid carrying a balance on their

russkiejedi

6/23/14 5:40pm

I initially read that you had 1100/year left.

sheriffcreg

6/23/14 5:40pm

<< Deleted >>

sheriffcreg

6/23/14 5:41pm

Ha! If you made more you wouldn't drive a 3 series or have that little boat

Malathion

6/23/14 5:41pm

I have no idea how a family of 4/5 could live on less than $250,000 in Utah

The Joneses

6/23/14 5:41pm

Lots of people do it for much less.

lightmann

6/23/14 6:25pm

we do it just fine and are quite happy

runnincoug

6/23/14 6:34pm

Where are your utilities? Add $300/month

Hang10

6/23/14 6:44pm

i wonder if he has a phone, internet, tv, etc.

OmahaThunderCoug

6/23/14 8:12pm

Cable, Internet & cell phone could be $300/month

Hang10

6/23/14 9:37pm

it sure could be. what about heating, AC, electricity, water, then? just

OmahaThunderCoug

6/23/14 10:18pm

The problem is that you are 30 cents short on tithing

Defenestrator

6/23/14 6:46pm

only 1100 per month left over? the horror!

LiveCoug

6/23/14 6:47pm

Pay tithing on Net, just gave you $160 more per month - you're welcome!

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