No kidding. I picked a random city in Michigan, found a nice house, new build for $390k. Mortgage is 2,652/month, which leaves $75,176 for necessities. Barely $6000/month for food, electricity and the lease on two lexii? That’s not living
Ok, even if I take out income tax with no tricks to bring it down, take home is 160k.
80k/year on necessities, 48k after housing is taken out.
4000/month for utilities, food, car and gas? There’s no sense breaking down a “comfortable” budget of necessities after that, this whole thing is out to lunch, as far as Petoskey Michigan is concerned
Have you never heard of income taxes?
No, never, what are those?
Also this budge is for a family to live comfortably so 20% of income is saved.
Mmmmhmmmm, I actually read the little description 50% of 200k is 100k. What family of four is spending 100k a year on necessities?
Renting a single family home in almost any city can top 40k a year easy. And no, it’s not anything near luxurious.
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In my metro, renting a 3-bed is going to cost minimum 48K/year.
No kidding. I picked a random city in Michigan, found a nice house, new build for $390k. Mortgage is 2,652/month, which leaves $75,176 for necessities. Barely $6000/month for food, electricity and the lease on two lexii? That’s not living
Ok, even if I take out income tax with no tricks to bring it down, take home is 160k. 80k/year on necessities, 48k after housing is taken out. 4000/month for utilities, food, car and gas? There’s no sense breaking down a “comfortable” budget of necessities after that, this whole thing is out to lunch, as far as Petoskey Michigan is concerned