Quote:
Originally Posted by RichieRich
Light reading…. https://www.greaterfool.ca/2022/03/10/chill-7/
Interesting responses to the Firecalc I ran. Arguably, based on being here for over a year, id suggest of readers here earn above national average levels and thus it’s not on your nature to consider that $40k/yr is possible. I read a lot of reasons how it just wouldn’t work for you. Yet there are many millions of people that do make it work. Some very well. It’s not my target either but doesn’t mean it can’t be considered reasonable by many.
My early CoVID layoff experience showed me that if were just 2 people in a paid-for residence that we could be ok on $40k/yr including a couple driving-style domestic holidays. |
Obviously my lifestyle isnt the norm, but as a household we make a combined income of $115k pre tax and our yearly expenses are usually around 45k per year(last year it was 47,791) - 29,698 of that being a mortgage we are trying to pay off as soon as possible, so our "non mortgage" spending has floated just shy of 20k for the last few years. It's amazing what making your own meals and enjoying non expensive hobbies like cycling or a library card or used video games can do for your expenses if you are a homebody