Gblock;689892 wrote:well those are two different statements. that is comfortable if your 22 and single. if your 40 with a family and want to buy a house and pay for daycare it's not. and under no circumstances should the LOT have been in capital letters imo
My statement was specifically for a "starting salary." If you're 40, with a family, you're right.
However, a married couple living on a budget of a $38,000 combined income is more than doable (wife and I have been evidence of that), and even allows for a few luxuries (we each have hobbies that cost money, plus we have date nights regularly).
LJ;689896 wrote:I know people who own houses and raise families on $50k in Columbus just fine, they don't live in the ghetto either.
It's completely doable (though, admittedly, it's easier in lower-income areas).
LJ;689908 wrote:With tax credits, someone raising a family on $45k would be nearly the same as someone making $50k. But I don't personally know anyone making $45k and rasing a family. I am merely commenting on the statements orig. given. That it's not "a lot" but comfortable, and that in WK's distrcit, starting salary is "Starting teacher salary in my district with a Master's Degree and no experience is $43,734 also with no bonus"
I actually know several families with a household income of $45K or less. It requires a sizable amount of frugality (and by that, I don't mean things like picking trash), but that doesn't mean it's not doable. It's very doable in fact.