My salary is $96,000, which comes to about $5700/month after taxes and everything. I spend about $1300 a month in recurring expenses (rent, gym, etc.). I'm 36, I live with roommates in Brooklyn, and I saved $1200 last month. That means on average, I spent about $100 a day on everything else (food, fun, travel). It's a life that works for me.
IMHO, income is logarithmic [0], so in terms of things I might like to have but don't (an apartment with a shared pool?) it would probably be a big jump up in income to get them. If I got a $10K raise tomorrow, it wouldn't really make a difference.
If I ever have kids, I'll either have to give some things up or climb the income ladder.
IMHO, income is logarithmic [0], so in terms of things I might like to have but don't (an apartment with a shared pool?) it would probably be a big jump up in income to get them. If I got a $10K raise tomorrow, it wouldn't really make a difference.
If I ever have kids, I'll either have to give some things up or climb the income ladder.
[0] https://ofdollarsanddata.com/climbing-the-wealth-ladder/