The point is not to chill and just burn through the savings and not work. How would having that much money saved, change the way you look for jobs?

  • foggy@lemmy.world
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    1 year ago

    Average car payment right now: $725/mo

    Average price of a 4 bedroom, 2 bathroom home in the US: $416,000

    Average interest rate for home equity loan right now: ~9%

    Average mortgage assuming 10% downpayment And above: $2700/mo

    Moderate grocery budget for 5 people: $1500/mo

    Average Utilities: $330/mo

    Average cost for private school: $16k

    For 3 kids, monthly: $4k/mo.

    For good measure, well add a slush fund of $2k a month to cover property taxes ($350/mo), gas/auto repairs, house repairs/non food related purchases, kids hobbies/electives/clothes

    If we want to talk vacation, it’s gonna be an additional $1k-2k saved a month.

    If you’re saving for college lol, add $1750/mo for 20 years to cover 3 kids at avg priced 4 year institutions.

    Where are we?

    $14,555/mo.

    To sustain that, you need to be pulling down over $350k/yr as a household.

    Average.

    • SCB@lemmy.world
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      1 year ago

      Lmao I love how when you write it out like this it makes so much so very clear about the people on this site.

      That’s such an absurd level of casual wealth that the amount of leftists on here with no idea how the average person lives makes a lot of sense

      If we want to talk vacation, it’s gonna be an additional $1k-2k saved a month.

      Moderate grocery budget for 5 people: $1500/mo

      For good measure, well add a slush fund of $2k a month

      Fucking lol

      • foggy@lemmy.world
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        1 year ago

        That’s less than $70 per person per week, which is far less than the average spend.

        You can troll around and argue against what I said all you want, they’re based on averages. Actual averages.

        No one cares about your opinions.