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Bebelove
LIF Adolescent
Member since 8/12 742 total posts
Name:
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How much income do YOU think is needed
For a family of 4, living on Long Island to be comfortable? Comfortable to me means saving, vacations, newer cars, eating out, etc. The numbers in my mind are different for Nassau and Suffolk county
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Posted 5/20/17 12:24 PM  |
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KarenK122
The Journey is the Destination
Member since 5/05 4431 total posts
Name:
Karen
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How much income do YOU think is needed
I think where you live and what you live in will greatly skew those numbers. Do you want a large house, an apartment, a condo, what towns are you looking at, how high are the taxes? For us we make a good salary and are just comfortable. People around us make a heck of alot more. I could live in a different town and I would have much more disposable cash but we chose not too.
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| Posted 5/20/17 12:46 PM |
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LIRascal
drama. daily.
Member since 3/11 7287 total posts
Name:
Michelle
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How much income do YOU think is needed
180,000.00
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| Posted 5/20/17 12:57 PM |
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How much income do YOU think is needed
For me it's $150-180. My mortgage isn't every large, we do have student loans that are $1200 a month so we have that bill. But to save, pay my bills, vacations and everything else I would say $150. It will be relative to what your needs are
Message edited 5/20/2017 2:01:37 PM.
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| Posted 5/20/17 1:00 PM |
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hmm
Sweet
Member since 1/14 7993 total posts
Name:
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Re: How much income do YOU think is needed
Posted by LIRascal
180,000.00
after taxes :)
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| Posted 5/20/17 1:30 PM |
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Funkybutt
LIF Adult
Member since 4/15 3049 total posts
Name:
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How much income do YOU think is needed
We made around that ($180k) and we had a $450k ranch and was able to go out to eat, bought a hybrid car, etc, but we also didn't have any debt (pay credit cards off each month and no student loans).
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| Posted 5/20/17 1:58 PM |
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alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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How much income do YOU think is needed
We have survive as a family of 3 on much less than what people are saying. It's all about personal choices. Housing choices etc.
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| Posted 5/20/17 2:37 PM |
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Katareen
5,000 Posts!
Member since 4/10 7180 total posts
Name:
Katherine
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How much income do YOU think is needed
I don't think my family is all that far off from that lifestyle and we make prob about $100k.
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| Posted 5/20/17 2:38 PM |
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WannaBeAMom11
LIF Adult
Member since 1/11 7391 total posts
Name:
Name
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How much income do YOU think is needed
No debt $100k. Debt easily $180k
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| Posted 5/20/17 5:15 PM |
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jaykaylol
LIF Infant
Member since 6/16 170 total posts
Name:
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Re: How much income do YOU think is needed
Posted by WannaBeAMom11
No debt $100k. Debt easily $180k
agreed. we are in the middle range of what has been posted with 100k in student loan debt... no living comfortably for us here. if we werent paying 2000+ a month toward loans, we'd be fine for our lifestyle. nothing extravagant but we'd be comfortable, in a better position to live our lives as well as save.
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| Posted 5/20/17 5:23 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: How much income do YOU think is needed
$250k for Western Nassau
$180k for eastern Nassau and western Suffolk
$150k for eastern Suffolk
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| Posted 5/20/17 5:28 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19458 total posts
Name:
L
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Re: How much income do YOU think is needed
150-180k. You are not eating out every week, but you can still eat out, take a vacation for about $4k, have a pair of $35k vehicles, fully fund your 401k, and have a 650k home with $12k in property taxes. If you have student loan debts you would either have to earn more, have a less expensive home, and or cheaper vacation.
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| Posted 5/20/17 5:51 PM |
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jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
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Re: How much income do YOU think is needed
No debt $125K
Debt $150k & up...
More if you need to pay for day care.
Message edited 5/20/2017 6:04:53 PM.
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| Posted 5/20/17 6:04 PM |
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evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
Name:
Kayla
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How much income do YOU think is needed
I think daycare is a big factor as well
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| Posted 5/20/17 6:12 PM |
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SLPRunner
LIF Adult
Member since 12/13 1101 total posts
Name:
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Re: How much income do YOU think is needed
Posted by LSP2005
150-180k. You are not eating out every week, but you can still eat out, take a vacation for about $4k, have a pair of $35k vehicles, fully fund your 401k, and have a 650k home with $12k in property taxes. If you have student loan debts you would either have to earn more, have a less expensive home, and or cheaper vacation.
Yes... except we pay for full time daycare right now too. I guess we could afford to eat out more but feel the expense isn't worth it. Vehicles cost a little less. House probably worth that now but paid less initially. South shore mid Nassau.
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| Posted 5/20/17 6:39 PM |
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stinger
LIF Adult
Member since 11/11 4971 total posts
Name:
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Re: How much income do YOU think is needed
Posted by alli3131
We have survive as a family of 3 on much less than what people are saying. It's all about personal choices. Housing choices etc.
She didnt say survival though. Taking vacas each year and having new cars, savings etc is more like very comfortable
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| Posted 5/20/17 7:12 PM |
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mnmsoinlove
Mommy to 2 sweet girls!
Member since 3/09 8585 total posts
Name:
Melissa
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Re: How much income do YOU think is needed
Posted by lululu
$250k for Western Nassau
$180k for eastern Nassau and western Suffolk
$150k for eastern Suffolk
I'm in in eastern Suffolk I think $150k Is very tough to do here. Our taxes alone are over 1k a month. I think a family of 4 needs at least 180k or higher to live comfortably on LI. I think $200k is more realistic if you have expenses like child care which is very expensive.
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| Posted 5/20/17 9:20 PM |
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mommy2be716
LIF Adult
Member since 1/16 2921 total posts
Name:
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How much income do YOU think is needed
we live in western nassau with 1 baby who is in daycare and we make about 150k before taxes. We are doing some work on the outside of our house (pavers, driveway etc), and going to a destination wedding in the caribbean this summer. We order out once a week usually, and we both do happy hours with work at least once a month. I would say we live pretty comfortably. We don't have any student loans, and no credit card/ debt or other debt. We both save to our retirement accounts, 529, and TDA, but I feel like we don't really save a lot besides that. Lately I feel like the baby expenses make it difficult to save as much as we used to.
So while we definitely don't struggle, and are able to go out and do things without having to worry about being able to pay for it, I think if we made closer to 200k combined we would be a lot more comfortable, and would be saving more.
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| Posted 5/20/17 9:22 PM |
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luvbuffet
LIF Adult
Member since 7/10 6470 total posts
Name:
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Re: How much income do YOU think is needed
Too many factors. Debt, taxes, lifestyle. It's not just about having the newest car or going in a ton of vacations. It's how you go about getting those things. The first thing people have to do is be realistic. If you're dillusional, you're fkd. And it's sad to say, A LOT of ppl are not in touch with reality.
Someone making 50k a year can live a much more comfortable life than someone making 200k a year. How you spend/save matter more than the actual salary.
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| Posted 5/20/17 9:41 PM |
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Dolphinsbaby
My 3 little guys!
Member since 12/10 2943 total posts
Name:
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Re: How much income do YOU think is needed
Posted by luvbuffet
Too many factors. Debt, taxes, lifestyle. It's not just about having the newest car or going in a ton of vacations. It's how you go about getting those things. The first thing people have to do is be realistic. If you're dillusional, you're fkd. And it's sad to say, A LOT of ppl are not in touch with reality.
Someone making 50k a year can live a much more comfortable life than someone making 200k a year. How you spend/save matter more than the actual salary.
So true! For anyone interested, here's an interesting article Why one couple feels like they're scraping by on $500k a year
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| Posted 5/20/17 10:56 PM |
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Chatham-Chick
*********************
Member since 5/05 10311 total posts
Name:
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Re: How much income do YOU think is needed
I'd say 200k to 250k. We're western Suffolk.
Obviously people do it on far less, but they tend to be on tight budgets which isn't my definition of comfortable.
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| Posted 5/20/17 11:01 PM |
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stinger
LIF Adult
Member since 11/11 4971 total posts
Name:
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Re: How much income do YOU think is needed
Posted by Chatham-Chick
I'd say 200k to 250k. We're western Suffolk.
Obviously people do it on far less, but they tend to be on tight budgets which isn't my definition of comfortable.
I get this. The definition of comfortable varies. Mine would be:
Good schools/neighborhood/library etc
Personal trainer / gym membership
Occasional massages and facials
Shop organic and premade meals for convenience
At least 1-2 $5000 vacations or long weekends
Nice Dinners out for special occasions
Entertain guests/holidays/parties which adds up
House renovations
Cleaning service
Landscaping service
College savings
Retirement savings
Other savings
Cars and clothes/shoes i can do with moderate prices lol
To struggle to me means i work but can't pay my basic bills and have nothing left over. Some may see struggling as keeping up with the Jones
Message edited 5/21/2017 7:50:58 AM.
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| Posted 5/21/17 7:38 AM |
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ChilisWife
God Bless America
Member since 5/05 3572 total posts
Name:
A.K.
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Re: How much income do YOU think is needed
Posted by lululu
$250k for Western Nassau
$180k for eastern Nassau and western Suffolk
$150k for eastern Suffolk
I would agree with this.
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| Posted 5/21/17 8:46 AM |
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mommy2B3
2 boys 2 girls!!!!
Member since 7/08 3324 total posts
Name:
M
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Re: How much income do YOU think is needed
I would say 200-250k. We live in PA where it's a cheaper COL and I'd say we are comfortable with my DH making $150k, however the only debt we have is his new car, and a couple student loans, our home is paid for and my car is paid for.
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| Posted 5/21/17 8:48 AM |
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Maybe-Baybe
My Sunshine
Member since 7/12 3415 total posts
Name:
My only Sunshine
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Re: How much income do YOU think is needed
Posted by lululu
$250k for Western Nassau
$180k for eastern Nassau and western Suffolk
$150k for eastern Suffolk
This sounds about right. Student loans and daycare are also a big factor.
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| Posted 5/21/17 10:30 AM |
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