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Sep 12, 2024
12:43
:00
pm
fbguru
All-American
Not if you want to save for retirement and come out ahead every month.
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fbguru
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fbguru
Joined
Jul 12, 2008
Last login
Sep 20, 2024
Total posts
16,026 (80 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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