So here's an interesting piece that I saw this morning on the Yahoo Contributor Network -- How to Earn $100,000 and Still Feel Poor.
Now I'm sure whoever wrote this absolutely believes what she wrote: that her family is struggling even though they earn over $100,000/year.
Granted there are some places in this country in which it is extraordinarily expensive to live (New York City comes to mind) (the writer lives in the Tampa, Florida area). And I also grant that being underwater on one's mortgage is a great financial hardship. It doesn't sound like she lives in an extravagant house or flaunts flashy clothes or vehicles.
But somehow my sympathies failed to rouse at her plea for understanding as to why she's "poor" with $100,000/year. I tallied the expenses she listed and came up with $80,500/year, leaving her with a "surplus" of about $20,000/year (what many ordinary people live on). Nothing was said about taxes, which undoubtedly eat up an enormous chunk of her earnings.
I can't help but feel someone should take this poor woman by the hand and walk with her through a typical month, demonstrating how to cut her expenses. I'm quite certain endless people can show her how to trim her utilities costs, car insurance premiums, and food bills ($1000/month for four people!).
You'll note that the comments afterward were almost universally hostile. I almost feel sorry for the writer of this piece, though. Apparently she genuinely believes she cannot economize. As one commenter put it, "If you can't live off a $100,000 a year something is terribly wrong with that lifestyle."
Am I being unjust here? Is $100,000/year truly a tough budget to live within? Thoughts?
Just some Saturday morning ramblings as I start pulling together the documents to file our taxes, which will unquestionably prove that we live on MUCH less than $100,000/year....