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What family income would you consider "well off" for Long Island?
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skew
LIF Adult
Member since 5/05 6794 total posts
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Re: What family income would you consider "well off" for Long Island?
Posted by jasmine
Posted by Chatham-Chick
In my opinion, those who are well off tend to have at least a few grand of disposable income a month, where they don't need to account for where it's going because all of their other financial needs/requirements (whether it's savings, investing, expenses) are being met.
I think there's a difference between choosing to account for where your money is going because you like to know where your money is going v. accounting for where your money is going because you dont know if you can afford that cup of coffee and need to make sure you can swing it. You may not "need to" account for everything you spend but many still do, even if there is plenty of disposable income each month.
we track every dime in Quicken because we like to look at charts, see how our spending matches up with our targets in each area, make sure we are on track with where we want to be, etc. we may not "need to" do this but we both enjoy doing it 
ITA with Jen. Jasmine - I think you misread or misinterpreted.
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Posted 12/1/10 2:52 PM  |
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