I was floored! My husband and I don’t earn anywhere near $150,000 per year, and we are more than able to do all three of those things.
Sure there are extras I’d like but can’t afford – but then, I think that would be true even if we did earn $150K. Unless you’re in the upper, upper echelon of earners, I suspect there will always be some things that are out of reach.
Which frankly is probably healthy.
Of course, location does play a role in the equation. Here in Overland Park, KS, the average four bedroom home runs about $200,000. And our property taxes are around $2500 per year. My friends in New Jersey tell me that they pay four times that.
I’d love to hear what you think: Is it true that you can’t live comfortably on less than $150,000? Or do you think that number is outlandishly high? Or perhaps impossibly low?