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How my boyfriend and I learned to live on one income [writer thinks $70,000 is a small amount]
theweek ^ | April 24, 2014 | Tahnya Kristina

Posted on 04/24/2014 3:41:08 PM PDT by grundle

In the 14 years I've been with my boyfriend, Nick, we've weathered a lot of storms — from my parents' divorce to paying off $50,000 of debt.

Nick and I started dating in 1999 as poor 19-year-old college students. We didn't know anything about managing money at the time, but we learned together. After graduation, we both found full-time jobs, in finance for me and in IT for Nick.

Living off two full-time incomes was a huge change from being broke undergrads. We opened a joint bank account and finally started to live comfortably.

I came home from work that night and immediately sensed something was wrong. The vibe in the apartment felt very somber. Nick was sitting on the couch, staring at the TV, though not really watching. When I asked him if everything was OK, he looked at me and said, "I got fired today," then went back to (not) watching TV. I'd never seen Nick so dejected. It was truly heartbreaking.

Nick and I began to realize that living off my $70,000 salary was indeed possible

(Excerpt) Read more at theweek.com ...


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After he was laid off from his $65,000 job, all these two had to live on was her income of $70,000, which she seems to think is small. They don't have any children. Most families who do have children live on less than $70,000 a year. Also, these two have been "dating" for 14 years, and live together, but are not married. I think the writer seems whiny and spoiled.
1 posted on 04/24/2014 3:41:08 PM PDT by grundle
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To: grundle

writer seems whiny and spoiled.

Does the word LIBERAL ring a bell


2 posted on 04/24/2014 3:42:24 PM PDT by CGASMIA68
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To: grundle

Remember that NYT editorial 4 years ago, when all the lib reporters and profs were screaming unfair cuz they had to buy houses OUTSIDE MANHATTAN..?

They thought their rights were violated, or something.

Very satisfying article, and utterly honest.


3 posted on 04/24/2014 3:47:02 PM PDT by gaijin
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To: grundle

Yes, the writer is a whiny nitwit. I also wonder about two people who have been living together for fourteen years without benefit of marriage. But then I suppose I am the troglodyte in the room.


4 posted on 04/24/2014 3:48:54 PM PDT by MIchaelTArchangel (Have a wonderful day!)
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To: grundle
it looks rather pleased with itself, high maintenance too...

5 posted on 04/24/2014 3:49:34 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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To: grundle

I was giving a friend a ride. He owes some $30,000 on credit cards and had lost an apartment when he lost his job. Moving out cost him a $2,500, lease penalty which he put on his credit card. (I’d never have moved into such a fancy apartment to begin with.) So, his phone rings. It’s his son. Some band they liked was in town. They agreed to meet for dinner and he did a quick calculation. Dinner $40, tickets $275, go someplace after $25. I thought, okay, you’re in debt up the whazoo and you’re paying for cable and Netflix, just stay home. (I’d never pay for cable and Netflix even if I wasn’t in that much debt.)

But, this is the behavior and the thinking that goes behind “gosh, how can I live on just $75,000?”


6 posted on 04/24/2014 3:49:47 PM PDT by Gen.Blather
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To: grundle

Obamabots fer sure! Bet she gets free BC Pills too.


7 posted on 04/24/2014 3:53:59 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: grundle
My health insurance alone now cost me over $16,000 per year.

So no, $70k/yr a year is no longer much money.

8 posted on 04/24/2014 3:54:06 PM PDT by skeeter
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To: Chode

She does not look high maintenance to me.


9 posted on 04/24/2014 3:55:41 PM PDT by angcat
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To: grundle
When I was her age, I had five children with my husband, and we all lived on one income.
10 posted on 04/24/2014 3:55:48 PM PDT by Tax-chick (Celebrating the return of Piper after 16 days on the lam. Have a drink!)
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To: grundle

Really a very sensible article. You can lower the numbers, but how they learned to cut back certainly has some useful advice.

Most of us don’t have enough money to splurge like that in the first place. But a fair number of people do, even if they can’t afford it, because they never learned differently.

She still doesn’t know how to cook? Well, that can be fixed, too. My wife didn’t have the faintest idea how to cook when we were first married, but she bought a couple of cook books and soon was doing very well.


11 posted on 04/24/2014 3:57:13 PM PDT by Cicero (Marcus Tullius)
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To: grundle

My Daughter makes $50,000 a year and I would guess her husband makes a bit more, maybe quite a bit more.

I have noticed when they visit, they basically buy anything they want and anything their children want and I am glad they can.

What surprised me was her complaining about her salary and they live in Oklahoma.


12 posted on 04/24/2014 3:57:22 PM PDT by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
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To: grundle

$70,000 a year in New York City, D.C., Seattle, or San Diego, is like earning $25,000 in Des Moines or Nashville.

In other words, in some places, $70,000 isn’t much money at all because the cost of living is so much higher.

Whether a person should whine about the money they make when choosing to live in a high cost of living location is another matter.


13 posted on 04/24/2014 3:58:00 PM PDT by peyton randolph (Show me the man and I will find the crime. - Lavrenti Beria)
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To: angcat
YMMV...
14 posted on 04/24/2014 4:00:47 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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To: grundle

Remind me of the types I used to see in the 70s that said “marriage is just a piece of paper!!”

Anyone who has watched the Discovery ID story “The Will” knows exactly how important that “piece of paper” really is. Case in point is the guy who wrote “Girl with the Dragon Tattoo” — was with his “girlfriend” for decades apparently. Friends said she helped him with the books — family got everything b/c they were never married — estimates are his estate is worth 1$ billion. This is in Sweden and it doesn’t get more lefty than that.


15 posted on 04/24/2014 4:00:56 PM PDT by Bon of Babble (The dogs bark; the caravan moves on!)
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To: grundle

Now that they are both fully employed again, a mature couple ought to be discussing marriage. Talk about self-centered.


16 posted on 04/24/2014 4:02:20 PM PDT by Gumdrop (~)
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To: Chode

She looks like a barf bag.


17 posted on 04/24/2014 4:04:00 PM PDT by angcat
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To: grundle

Began to realize? I can only imagine how long the full realization took.


18 posted on 04/24/2014 4:04:19 PM PDT by KEVLAR (Liberty or Death)
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To: skeeter

It depends on where you live. They don’t say what city “downtown” is, but I’m guessing NYC. So maybe 70K isn’t much. The average household income in the US is in the low 50s but that’s pretty meaningless. It’s enough to live very well in some places, and poverty level others. At least she admits a lot of their spending was frivolous, but I still don’t think I would hire her as my financial advisor.


19 posted on 04/24/2014 4:07:11 PM PDT by Hugin
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To: grundle
In the DC metro area, a $70K family income is well below the average. Even in Prince George's County (which is well below the rest of the area).

PG County: $73K

Montgomery County: $93K

Howard County: $108K

Charles County: $93K

Anne Arundel County: $86K

Calvert County: $92K

St Mary's County: $85K

Frederick COunty: $83K

Fairfax County: $109K

Arlington County: $102K

Prince William County: $96K

Loudoun County: $122K

Only in the district itself (with all of the welfare folk) is $70K above average.

The point is: it depends upon where in the country you live. With high average incomes like I showed above, the costs are equally high...

Hate to say it, but her tips actually seem pretty sound to me.

(Not that I approve of her living with her BF or anything, but any couple whose income is cut in half must make adjustments in lifestyle...or face the consequences)

20 posted on 04/24/2014 4:08:14 PM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good -- Leo XIII)
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To: grundle

My wife and bring home $3,500 a month and it’s actually hard to stay out of the savings. But we feel very blessed. She has medicare and I have VA. I would love to gross $75,000 a year. I’m sure there are many who would love to make $3,500 a month.


21 posted on 04/24/2014 4:09:38 PM PDT by VerySadAmerican
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To: grundle
After he was laid off from his $65,000 job, all these two had to live on was her income of $70,000, which she seems to think is small.

Take surveys on the Internet. Whoever makes them up seems to think anything under $100,000 is small. I guess they want to reach the really high earners.

It's funny: would I be eating at McDonald's and taking their survey if I were in a high income bracket? That kind of thinking, though, is contagious. Take enough surveys and you may come to see things that way, too.

22 posted on 04/24/2014 4:10:47 PM PDT by x
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To: Gen.Blather

I’m not sure I’d be giving him anymore rides unless he chips in for gas.


23 posted on 04/24/2014 4:11:07 PM PDT by VerySadAmerican
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To: grundle
Tahnya


clueless zombie food

24 posted on 04/24/2014 4:11:48 PM PDT by tomkat
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To: CGASMIA68

Does this mean that”Two Can’t Live As Cheaply As One”?Heavens To Betsy,What’s This World Coming To??


25 posted on 04/24/2014 4:12:17 PM PDT by bandleader
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To: VerySadAmerican

“I’m not sure I’d be giving him anymore rides unless he chips in for gas.”

He stayed with my 24 hours after I’d had surgery. He also took me there and picked me up. He’s very Christian and it’s to the bone, not skin deep. He just has no concept of how to save money or live on a budget.


26 posted on 04/24/2014 4:14:41 PM PDT by Gen.Blather
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To: grundle

Living on Central Park West in Manhattan might be tough on $70K a year.Ditto for living in Bella Pelosi’s district.But elsewhere....piece of cake.


27 posted on 04/24/2014 4:18:13 PM PDT by Gay State Conservative (Stalin Blamed The Kulaks,Obama Blames The Tea Party)
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To: grundle

The exact same thing happened to me. Except that we were married, and instead of my husband getting fired, it was me who quit because I was pregnant with our baby, which was due soon.


28 posted on 04/24/2014 4:18:34 PM PDT by sportutegrl
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To: markomalley

Not a livable wage in Boston, either.


29 posted on 04/24/2014 4:20:09 PM PDT by Andy'smom
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To: peyton randolph

Unfortunately, the same job that pays $70K in DC pays $30K in Des Moines or Nashville.


30 posted on 04/24/2014 4:23:22 PM PDT by proxy_user
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To: CGASMIA68

The poor dears.
Meanwhile in Bangladesh
http://www.dailymail.co.uk/news/article-2610478/The-wages-fear-The-harrowing-plight-ship-breakers-Bangladesh-one-dangerous-jobs-world.html


31 posted on 04/24/2014 4:25:26 PM PDT by minnesota_bound
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To: sportutegrl
Except that we were married, and instead of my husband getting fired, it was me who quit because I was pregnant with our baby, which was due soon.

I've been there. Our type of person will never understand that type of person, ever.
Jean
Wisconsin

32 posted on 04/24/2014 4:27:24 PM PDT by Jean S
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To: Chode
it looks rather pleased with itself, high maintenance too...

A friend of mine had a "high maintenance" wife. As soon as his business went bankrupt, she was out the door, filing for divorce, and out looking for the next sucker.

The woman in the article is sticking with her man, and working out how to keep going on just her income. That is not "high maintenance".

33 posted on 04/24/2014 4:28:09 PM PDT by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: grundle

“Our cable bill was close to $350 every month “


34 posted on 04/24/2014 4:28:45 PM PDT by Paladin2
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To: grundle

This woman is way too old to have a “boyfriend”/shack-up lover. Don’t these people EVER grow up?????


35 posted on 04/24/2014 4:30:30 PM PDT by madprof98
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To: grundle
In the 14 years I've been with my boyfriend, Nick, we've weathered a lot of storms ..... Nick and I started dating in 1999 as poor 19-year-old college students.

If you're 33 yrs old and "can't commit" yet, you're both a mess. And I don't mean the financial issues.

Good grief. Grow up, already.

36 posted on 04/24/2014 4:31:08 PM PDT by workerbee (The President of the United States is DOMESTIC ENEMY #1!)
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To: MIchaelTArchangel
"troglodyte"

Is that an old word for a racis' of some sort?

37 posted on 04/24/2014 4:32:03 PM PDT by Paladin2
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To: angcat
that too... but i'd wager a very demanding barfbag
38 posted on 04/24/2014 4:32:57 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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To: PapaBear3625
HM comes in many flavors... needful emotional black holes, always demanding things their way, always complaining, a lot of HM women are there for the long haul and not simply gold diggers
39 posted on 04/24/2014 4:37:23 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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To: Gumdrop

When my son and dil were married they decided from day one that all of her salary would go into savings and they would live on only his. Best decision they ever made, particularly as they look at other couples their age who are deeply in debt.

It’s not been easy sometimes and my grandson has grown to hate the word “budget”, particularly when he is denied something his friends have. But hopefully he will understand some day and realize that living within your means is an excellent idea.


40 posted on 04/24/2014 4:41:58 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: grundle

Wife and two kids and I barely cleared 30K last year. This lady is nuts. I’d swim in 70K


41 posted on 04/24/2014 4:44:30 PM PDT by Domandred (Fdisk, format, and reinstall the entire .gov system.)
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To: Don Corleone

“Obamabots fer sure! Bet she gets free BC Pills too.”

If not, I’ll treat just to make sure they don’t reproduce!


42 posted on 04/24/2014 4:53:03 PM PDT by PLMerite
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To: gaijin

No, I don’t recall that particular article.


43 posted on 04/24/2014 4:53:55 PM PDT by grundle
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To: Gen.Blather

That’s a lot of money for one evening out, even for someone who has a job and no debt.


44 posted on 04/24/2014 4:55:25 PM PDT by grundle
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To: skeeter

OK. Good point about the cost of health insurance.


45 posted on 04/24/2014 4:56:36 PM PDT by grundle
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To: grundle

“That’s a lot of money for one evening out, even for someone who has a job and no debt.”

Not only that, but spur of the moment too. I think twice about spending $20.


46 posted on 04/24/2014 5:00:27 PM PDT by Gen.Blather
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To: CGASMIA68

my first instruction to her is GET MARRIED and if he doesn’t want to, kick him out....


47 posted on 04/24/2014 5:35:47 PM PDT by cherry
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To: CGASMIA68

TheWeek is one of the stupidest magazines around, worse than Time even. Somehow my name got on their list and they keep sending me dead tree editions, that go straight into the trash, with letters inviting me to subscribe. They wish.


48 posted on 04/24/2014 7:29:50 PM PDT by Psiman (PS I am not a crackpot)
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To: grundle

Writing in “The Week” - isn’t that one of the left wing rags Yahoo News is always citing for its stories about how well Obamacare is doing and how nasty Republicans are.....


49 posted on 04/24/2014 9:24:02 PM PDT by Intolerant in NJ
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To: Intolerant in NJ

I did indeed get the link from the Yahoo home page.


50 posted on 04/25/2014 12:17:39 PM PDT by grundle
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