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Millie3
LIF Adult
Member since 7/13 1280 total posts
Name:
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Re: Whats your Household income
Posted by Mom1234
as a math teacher this whole thread makes me sad lol
Hahahahahahahaha 
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Posted 1/18/15 8:36 AM  |
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Millie3
LIF Adult
Member since 7/13 1280 total posts
Name:
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Re: Whats your Household income
Posted by KittyShops
I don't understand why we need to know what other ppl earn.
Need to know if we are all in the " everything is too expensive here" boat
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| Posted 1/18/15 8:37 AM |
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alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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Re: Whats your Household income
Posted by KittyShops
I don't understand why we need to know what other ppl earn.
But we still don't since it is a poll. It was just to see if LIF is a true representation of LI. Just to see if the Med here is the med on LI
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| Posted 1/18/15 9:15 AM |
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JSDB
<3
Member since 1/13 1329 total posts
Name:
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Re: Whats your Household income
Posted by Mom1234
as a math teacher this whole thread makes me sad lol
As someone who has taken math this thread also made me want to scream and throw things.
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| Posted 1/18/15 4:51 PM |
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Sash
Peace
Member since 6/08 10312 total posts
Name:
fka LIW Smara
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Re: Whats your Household income
Posted by secretlyTTCagain
Posted by Mom1234
as a math teacher this whole thread makes me sad lol
As someone who has taken math this thread also made me want to scream and throw things.
I have a math degree and was cringing too. Lmfao
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| Posted 1/18/15 5:31 PM |
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2BadSoSad
LIF Adult
Member since 8/12 6791 total posts
Name:
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Re: Whats your Household income
Posted by alli3131
Posted by KittyShops
I don't understand why we need to know what other ppl earn.
But we still don't since it is a poll. It was just to see if LIF is a true representation of LI. Just to see if the Med here is the med on LI
we still dont, thats why it was an anonymous poll
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| Posted 1/18/15 9:36 PM |
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LI-Joy
Member since 10/07 2910 total posts
Name:
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Re: Whats your Household income
Presently, not enough. It should change real soon.
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| Posted 1/18/15 10:43 PM |
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CSK
LIF Adolescent
Member since 9/11 892 total posts
Name:
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Re: Whats your Household income
Posted by secretlyTTCagain
Posted by Mom1234
as a math teacher this whole thread makes me sad lol
As someone who has taken math this thread also made me want to scream and throw things.
I'm with you on this.
At least you can take solace in that, chance are, the people you're throwing things at probably have a HHI over $150K.
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| Posted 1/19/15 3:08 PM |
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Strawberry2468
It's summatime
Member since 3/09 4739 total posts
Name:
Christine
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Re: Whats your Household income
Posted by KittyShops
Yikes lots of youse is rich.
Seriously! Proof it takes over 150k to make it on LI. :(
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| Posted 1/19/15 4:08 PM |
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Re: Whats your Household income
Posted by Strawberry2468
Posted by KittyShops
Yikes lots of youse is rich.
Seriously! Proof it takes over 150k to make it on LI. :(
I think that all depends on your lifestyle. Many people live way under that amount and pay all their bills on time, save some money and do things.
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| Posted 1/19/15 7:51 PM |
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evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
Name:
Kayla
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Re: Whats your Household income
Posted by Strawberry2468
Posted by KittyShops
Yikes lots of youse is rich.
Seriously! Proof it takes over 150k to make it on LI. :(
I don't think this is true at all. I think it is completely manageable to live on less, and do well.
DH and I bought our house (in a good neighborhood) with no help, had no parental assistance for college, and we make less than this. We're able to save, we got married and had a baby since buying our house. We've made home improvements and we travel. Are we rich? No, but we are absolutely doing more than just "making it", and with no debt other than a small student loan and our mortgage.
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| Posted 1/19/15 8:08 PM |
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Re: Whats your Household income
Message edited 7/20/2015 7:53:37 AM.
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| Posted 1/19/15 9:13 PM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: Whats your Household income
Posted by LastLightGlow
I was just wondering if the number is considering health insurance. If we deduct our annual health insurance(~14k) from our total we fall into a different bracket.
Again, your total household income is the money you make before taxes and without any of your bills, expenses, or debts taken into consideration. When someone asks what you make they don't care what you make after all (or some) of your expenses are taken out. It's simply what amount of money does your employer pay you on a yearly basis. That's it.
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| Posted 1/19/15 9:49 PM |
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NervousNell
Just another chapter in life..
Member since 11/09 54917 total posts
Name:
..being a mommy and being a wife!
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Re: Whats your Household income
Posted by Hofstra26
Posted by LastLightGlow
I was just wondering if the number is considering health insurance. If we deduct our annual health insurance(~14k) from our total we fall into a different bracket.
Again, your total household income is the money you make before taxes and without any of your bills, expenses, or debts taken into consideration. When someone asks what you make they don't care what you make after all (or some) of your expenses are taken out. It's simply what amount of money does your employer pay you on a yearly basis. That's it.
Exactly. It's your salary.
When you got the job and they said- this job is paying $50k per year.
That's it.
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| Posted 1/20/15 10:23 AM |
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Seawolf
LIF Adult
Member since 3/14 1336 total posts
Name:
Scrumba
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Re: Whats your Household income
I'm Soooooo confused by this thread. Do you mean how much does my HOUSE earn?? Like, how can my house have an income. Like, do you mean if I have a yard sale that counts as income that my house made for me?
Also, can someone please explain what these symbols mean, I'm SO lost: + - / * = <-- are these some sort of secret math things??!!
PLEASE HELP I NEED TO KNOW.
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| Posted 1/20/15 12:41 PM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: Whats your Household income
Posted by KittyShops
I'm Soooooo confused by this thread. Do you mean how much does my HOUSE earn?? Like, how can my house have an income. Like, do you mean if I have a yard sale that counts as income that my house made for me?
Also, can someone please explain what these symbols mean, I'm SO lost: + - / * = <-- are these some sort of secret math things??!!
PLEASE HELP I NEED TO KNOW.
Your household is comprised of the people who live in your home. Your household income is the total amount of money brought in from all of the income earners that reside in the home.
So, your total household income is how much money is coming into YOUR house, from all possible income sources...............salary, alimony, rental properties, etc. What is the TOTAL amount of money your household brings in???
Example. If your DH makes $50k, you make $20K, and you bring in another $10K from say a house you're renting out then your TOTAL HOUSEHOLD INCOME is $80K which, for the purposes of the stat mentioned in the original post, would put you BELOW the median HHI of $93K/yr.
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| Posted 1/20/15 12:58 PM |
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MrsA1012
love my little girl !
Member since 9/10 5777 total posts
Name:
Me
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Re: Whats your Household income
Posted by evrythng4areason
Posted by Strawberry2468
Posted by KittyShops
Yikes lots of youse is rich.
Seriously! Proof it takes over 150k to make it on LI. :(
I don't think this is true at all. I think it is completely manageable to live on less, and do well.
DH and I bought our house (in a good neighborhood) with no help, had no parental assistance for college, and we make less than this. We're able to save, we got married and had a baby since buying our house. We've made home improvements and we travel. Are we rich? No, but we are absolutely doing more than just "making it", and with no debt other than a small student loan and our mortgage.
If you don't mind my asking how did you pay for school without loans if your family didnt help ? Did you guys live at home until you got married ? Borrow against a 401 k or pension. I'm genuinely curious because I don't see how this kind of life is possible making less than a certain amount.
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| Posted 1/20/15 1:11 PM |
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Re: Whats your Household income
Posted by MrsA1012
If you don't mind my asking how did you pay for school without loans if your family didnt help ?
I know lots of people that did this via scholarships, tuition assistance, work study, plain old working and paying for school as they went and attending state schools (SUNY of in other states) vs. private.
ETA: Whoa, screwed up the quoting on that one!
Message edited 1/20/2015 1:18:15 PM.
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| Posted 1/20/15 1:17 PM |
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evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
Name:
Kayla
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Re: Whats your Household income
Posted by MrsA1012
Posted by evrythng4areason
Posted by Strawberry2468
Posted by KittyShops
Yikes lots of youse is rich.
Seriously! Proof it takes over 150k to make it on LI. :(
I don't think this is true at all. I think it is completely manageable to live on less, and do well.
DH and I bought our house (in a good neighborhood) with no help, had no parental assistance for college, and we make less than this. We're able to save, we got married and had a baby since buying our house. We've made home improvements and we travel. Are we rich? No, but we are absolutely doing more than just "making it", and with no debt other than a small student loan and our mortgage.
If you don't mind my asking how did you pay for school without loans if your family didnt help ? Did you guys live at home until you got married ? Borrow against a 401 k or pension. I'm genuinely curious because I don't see how this kind of life is possible making less than a certain amount.
I had a scholarship, DH did too but he took out some loans, about 2/3 of which have been repaid (he's 30, I'm 28 and we bought our house 3 years ago). We also both went to private universities. We lived at home until be bought our house, but apart from paying rent we've both been financially independent since we started working in high school.
We took out a small 401k loan (10k) when we bought our house, and that money hasn't been spent (we wanted a cushion), it's also been mostly repaid.
We don't go out often because i prefer my cooking to take out or chain restaurants. We don't have a lawn person or cleaning lady, DH and I do it ourselves. We prioritize what's important to us. We bought a house we could actually afford, rather than stretching ourselves.
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| Posted 1/20/15 1:21 PM |
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PearlJamChick
No one sings like you anymore.
Member since 7/10 9264 total posts
Name:
Petticoated Swashbuckler
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Re: Whats your Household income
Posted by KittyShops
I'm Soooooo confused by this thread. Do you mean how much does my HOUSE earn?? Like, how can my house have an income. Like, do you mean if I have a yard sale that counts as income that my house made for me?
Also, can someone please explain what these symbols mean, I'm SO lost: + - / * = <-- are these some sort of secret math things??!!
PLEASE HELP I NEED TO KNOW.
Maybe you could let your house be a staging location for a show, and then the house will earn money and you could be all like "THAT'S RIGHT, HOUSE...EARN YOUR KEEP MOFO!!!!"    $+-$%$<*/$!!!!!!!
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| Posted 1/20/15 1:32 PM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: Whats your Household income
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| Posted 1/20/15 1:36 PM |
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MrsA1012
love my little girl !
Member since 9/10 5777 total posts
Name:
Me
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Re: Whats your Household income
Posted by BaseballWidow
Posted by MrsA1012
If you don't mind my asking how did you pay for school without loans if your family didnt help ?
I know lots of people that did this via scholarships, tuition assistance, work study, plain old working and paying for school as they went and attending state schools (SUNY of in other states) vs. private.
ETA: Whoa, screwed up the quoting on that one!
[/QUOTE. I really think it depends on your field and if you just did undergrad or undergrad / grad. There are also strong barriers to entry in certain fields. If you want a six figure salary you often have to invest very large amounts in grad school. Law school/ business school , for example, is 150 k plus, medical school is 280 k. Many schools don't offer scholarships. Granted these people will command higher salaries , but if a couple each has over a 100 k in debt and is trying to buy real estate is in an extremely expensive area like the tri state it becomes next to impossible to live decently without hitting that 150 k mark ( unless you have financial assistance from family / live home for a long while )
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| Posted 1/20/15 1:40 PM |
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StaceyWill
It's a girl!!!
Member since 6/10 21536 total posts
Name:
Stacey
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Re: Whats your Household income
Posted by KittyShops
I'm Soooooo confused by this thread. Do you mean how much does my HOUSE earn?? Like, how can my house have an income. Like, do you mean if I have a yard sale that counts as income that my house made for me?
Also, can someone please explain what these symbols mean, I'm SO lost: + - / * = <-- are these some sort of secret math things??!!
PLEASE HELP I NEED TO KNOW.
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| Posted 1/20/15 1:40 PM |
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MrsA1012
love my little girl !
Member since 9/10 5777 total posts
Name:
Me
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Re: Whats your Household income
Posted by evrythng4areason
Posted by MrsA1012
Posted by evrythng4areason
Posted by Strawberry2468
Posted by KittyShops
Yikes lots of youse is rich.
Seriously! Proof it takes over 150k to make it on LI. :(
I don't think this is true at all. I think it is completely manageable to live on less, and do well.
DH and I bought our house (in a good neighborhood) with no help, had no parental assistance for college, and we make less than this. We're able to save, we got married and had a baby since buying our house. We've made home improvements and we travel. Are we rich? No, but we are absolutely doing more than just "making it", and with no debt other than a small student loan and our mortgage.
If you don't mind my asking how did you pay for school without loans if your family didnt help ? Did you guys live at home until you got married ? Borrow against a 401 k or pension. I'm genuinely curious because I don't see how this kind of life is possible making less than a certain amount.
I had a scholarship, DH did too but he took out some loans, about 2/3 of which have been repaid (he's 30, I'm 28 and we bought our house 3 years ago). We also both went to private universities. We lived at home until be bought our house, but apart from paying rent we've both been financially independent since we started working in high school.
We took out a small 401k loan (10k) when we bought our house, and that money hasn't been spent (we wanted a cushion), it's also been mostly repaid.
We don't go out often because i prefer my cooking to take out or chain restaurants. We don't have a lawn person or cleaning lady, DH and I do it ourselves. We prioritize what's important to us. We bought a house we could actually afford, rather than stretching ourselves.
That's awesome that you were able to manage finances so well, sounds like living at home, careful planning and scholarships were really helpful for you guys.
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| Posted 1/20/15 1:43 PM |
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evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
Name:
Kayla
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Re: Whats your Household income
Posted by MrsA1012
Posted by BaseballWidow
Posted by MrsA1012
If you don't mind my asking how did you pay for school without loans if your family didnt help ?
I know lots of people that did this via scholarships, tuition assistance, work study, plain old working and paying for school as they went and attending state schools (SUNY of in other states) vs. private.
ETA: Whoa, screwed up the quoting on that one!
[/QUOTE. I really think it depends on your field and if you just did undergrad or undergrad / grad. There are also strong barriers to entry in certain fields. If you want a six figure salary you often have to invest very large amounts in grad school. Law school/ business school , for example, is 150 k plus, medical school is 280 k. Many schools don't offer scholarships. Granted these people will command higher salaries , but if a couple each has over a 100 k in debt and is trying to buy real estate is in an extremely expensive area like the tri state it becomes next to impossible to live decently without hitting that 150 k mark ( unless you have financial assistance from family / live home for a long while )
DH and I both have grad degrees from private universities as well
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| Posted 1/20/15 1:52 PM |
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