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Sep 12, 2024
1:09
:45
pm
Belboz
Intervention Needed
The original price of my house is equal to my current household annual income
My wife and I have been here for 17 years. Our incomes increased over time.
One advantage is that we can now blow all of our money on going out to eat, shoes, and our daughter's cheer expenses.
We're poor.
This message has been modified
Originally posted on Sep 12, 2024 at 1:09:45pm
Message modified by Belboz on Sep 12, 2024 at 1:10:00pm
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Belboz
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Belboz
Joined
Jul 5, 2001
Last login
Sep 19, 2024
Total posts
76,142 (13,641 FO)
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Messages
Author
Time
What minimum salary do you need to live comfortably? In Utah.
Null
Sep 12, 12:35pm
$200-250K, too many variables though.
Niiineteeen84
Sep 12, 12:36pm
and another 20K if you have a daughter (or "son") who does cheer.
Belboz
Sep 12, 1:06pm
Or ballroom dance.
gopman
Sep 12, 1:08pm
Or ballet
dtownCoug
Sep 12, 2:49pm
Not worth moving to Utah at this point. TNT had to bail
TNT
Sep 12, 12:40pm
120
Baron
Sep 12, 12:40pm
Comfortably? No
TNT
Sep 12, 12:40pm
100k could be pretty comfortable with 2k mortgage and no other debt.
byubyu
Sep 12, 12:41pm
Not if you want to save for retirement and come out ahead every month.
fbguru
Sep 12, 12:43pm
It's still not bad. But other variables would be if there's matching 401k or
byubyu
Sep 12, 12:55pm
Maybe with no kids. But with 3-4 kids, no way.
allaboutthegainz
Sep 12, 12:46pm
We lived on 100K with 5 kids, including 2 teens, who both had jobs/afterschool
runnincoug
Sep 12, 1:21pm
$200k
dtownCoug
Sep 12, 12:42pm
This seems about right
TNT
Sep 12, 12:43pm
Yes, but if you have kids in club sports and an Instagram wife, then double it.
UCLACoug
Sep 12, 1:15pm
My fixed expenses about $60k, if you add in taxes & tithing Id say $120k is fine
Bainge
Sep 12, 12:52pm
You're right the minimum is a function of debt load and cost of living.
cdr88
Sep 12, 12:57pm
How big of a family?
Zoobieman
Sep 12, 1:38pm
Only one child, but honestly he probably saved us money once we had him.
Bainge
Sep 12, 1:59pm
I think this varies wildly depending on when you bought a house.
rivercitycoug
Sep 12, 12:56pm
This. If Null is moving here that mortgage could be quite high
TNT
Sep 12, 12:58pm
Yeah, if you’ve owned your house since before 2018 you’re probably paying
stenso
Sep 12, 1:01pm
The original price of my house is equal to my current household annual income
Belboz
Sep 12, 1:09pm
You state you already have a mortgage. Then I'd say $100K is enough.
runnincoug
Sep 12, 1:01pm
Comfortably is personal tolerance, But I would say $100 + 15K per child
Zoobieman
Sep 12, 1:01pm
No debt? 150k if you locked in a 2-3% mortgage
1984coug
Sep 12, 1:07pm
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