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originally posted by: NightSkyeB4Dawn
I was born into a poor family but we were happy, loved, and had what we needed.
During my adult life I struggled to get to that place where I was led to believe was my goal. I rode the gravy train for a while and found that it too rich for my tastes and not really worth the ride.
I am now old and content with the little that I have, and trying to have less. I guess you can say that I have morphed into being a minimalist. I have no desire to collect things that will eventually end up in a landfill. I never eat fast food and a rarely eat from a commercial restaurant. My vacations are almost always to be with family and friends home and abroad.
I don't make anywhere near $300K and don't have the time, energy, or desire to run that rat race. A simple meal from my pond and my garden is good enough for me.
originally posted by: DanDanDat
1) The sheet puts child care at $2,000 a month. It even goes into saying they came up with this by saying $20h for 25 hours of Babby sitting. For that to make mathematical sense they think it costs $20h x 25h x 4 = $2000. So first this family of 4 is really a family of 6. But it goes further than that. When you get a babby sister you pay the $20 bucks an hour to watch all four; not $20 per kid per hour. Further once you start needing a babby sister for 25 hours a week you stop using a baby sister and start using something a bit more formal; Day care or in home nanny. Now while these options are net more expensive then a normal $20 to the 16 year old next door for an hour; there per hour costs drop the more kids you have and the more you use them. I have two kids; WHEN they where in day care (run out of a house on the block over from my house) it was under $1500 a month for 40hrs+ a week of service....
This person is making the Maximum contribution to his 401K at the same time he's paying for child care (temporary experience) at the same time he's taking three weeks of vacation at the same time he's paying for one expensive date night a week.... As a person who is living this east cost existence and had parents who did ... you never do all of those things at the same time nor do you do them year over year. Its like the perfect storm of expenses, sure it can happen but not very often.
originally posted by: AugustusMasonicus
a reply to: Aazadan
One major difference between rural and more populated areas is property taxes. You'd s*** if I told you mine.
originally posted by: ketsuko
Of course, you are talking solely about the East and West coast.
If you want to be middle class in those areas, then you are going to need a lot more. Try living a middle class lifestyle in other areas of the country and those amounts you talk about are considered upper middle to wealthy.
Also, what is the definition of "decent"? That can vary from person to person too.