April 26, 2008
How to go broke on $100,000 a year…
This page has been making the rounds, and I thought it was kind of interesting:
When $100,000 makes you Go Broke: The Invisible Hand Forces Americans Into Debt.
Frankly some parts of this budget seem unrealistic: a mortgage debt of just $350k for a house? Making donations when your budget looks like this? Saving for retirement when your budget looks like this? Just $50 for cell phones?
Given how difficult it is for most people to get a true grasp of their finances let alone actively manage it, it seems to me that the future will be very troubling for many families.
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3 Comments to “How to go broke on $100,000 a year…”
May 3rd, 2008 at 3:13 am
This is a test
May 3rd, 2008 at 11:19 am
It’s probably a bad thing that I can’t figure out the difference between this budget and my own, other than a few minor line items (kids and pets are surprisingly cheap). Except that my mortgage is a lot more and I stopped doing 401k
May 3rd, 2008 at 12:37 pm
http://www.daveramsey.com/
You’re not living within your means, my friend. 2 car payments? Get a job delivering pizza at night, until you get rid of that car debt. That’ll be a good start.
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