Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Our $350k HHI doesn't exactly have us living in the lap of luxury, the mortgage and grocery bill being the primary reason. Our needs are met, and we vacation twice a year, but drive old vehicles, and our house is modest by most standards.

We do live in a beautiful low-crime suburb, and I am by no means complaining. It's just that $350k isn't as rich as I once thought it would be.

like

Literally none of those things are possible on a $200k USD HHI in 2024, except for a few first class flights perhaps

Philadelphia, 160k income, wife makes 80k, after bonuses were around 250k~. I feel extremely well off (own two homes; first one was purchased in 2015 which is currently rented out, second one purchased in 2022, both at 3% mortgage. No car payments; no credit card debt; no student loans.

like
Recent IconRecent

He makes decent money in a VHCOL. I feel like this story doesn’t add anything new at all.

Yes— 130k HHI pre-tax in LA is not going to let you buy a home and spend 20k or whatever it is on a surrogate (just adopt?)

like

Some are happy with a hot dog while others complain of being hungry even after having caviar. So, unless you don't clearly define your priorities, there is no fixed number!

like

That’s bc the economy tanked in the last 5 years and making $100k now gives you the same life as $50k 5 years ago

likesmart

MCOL city and I feel like I’ve *just* hit “comfortable” with our current $230k HHI - we are saving for retirement, going to be able to buy a house in a year or two, childcare for our one kid is comfortable, and can be pretty cavalier about our grocery shopping.

However doing that without going into debt means mainly shopping at Old Navy or second hand for clothes, saving up for major purchases, family vacations only every couple of years, etc. ie it’s just hit the threshold of middle class

like

250k HCOL pp

like

I feel like in my VHCOL, a “comfortable” living, if this includes a decent place to own in centre of town, mix of nights out and nights in but with wine, and a couple of long holidays and a few shorter ones with a family of 4-5, it would be closer to a dual income household with 400-500k total comp each.
Amongst my friends, ppl who are on less tend to talk about limits made due to their budget a lot more, and ppl who are on this or more don’t tend to talk about their budget as much. So that’s probably another gauge, is if “comfortable” is tied to not having to closely budget.

In VHCOL, specifically the Bay Area this sounds about right. If you have two mid-late career professionals in tech, Pharma, medicine, prof services etc…there’s actually quite a few households that meet this comfortable definition. Much of the money just goes to housing as the decent place in center of town (eg Palo Alto) hovers sound $3M.

like

Toronto, around 300 HHI.

Unfortunately our taxes and real estate is way too high for our net income. Most of the nation is living much worse than 10 years ago.

I can resonate with this , in Toronto with a HHI of 275, I am house poor and wouldn’t call myself comfortable. And I don’t even live in a fancy house, just a regular row house.

You have two choices when it comes to your pay check. Either sign the front or sign the back.

BCG1 you totally missed the point of this comment

$500k HHI is good and not too difficult to achieve after 7-10 years of experience.

London figures?

Related Posts

Does anyone know when the best time of the year would be to buy a car is now? How is this current pandemic/economy affecting dealer pricing, etc?

likehelpful

I joined Tiger Analytics with CTC of 9lpa. When I check in greythr IT statement, it shows 7.14lpa.

In the CTC payslip, it shows 75k per month as my salary. But this month I got 61k.

I understand they deduct tax, but I feel it is too much. IDK where I'm losing the money. Can someone tell if this is normal. I'm a fresher so, IDK much about it.

Also, what can I do to pay less taxes? Any help on that?

like

Recently received notice from landlord rent is going up ~20%. For reference, it is privately owned condo and did not sign at a COVID discounted rate. Super frustrated. What are others seeing for rent increases?

like

I recently was let go (in lieu of accepting my two weeks) and I should have received my March expense check by the end of April per the employment agreement (submitted the report April 1, let go before mid April). I have emailed HR but haven't heard anything. I've got a feeling someone at the top is putting a hold on it.

How do I get my money from them? It's a few hundred dollars

Sorry if this isn't the right bowl for this question - I've checked a few.

like

I had a baby almost a year ago. I should start a 529 account for my child but I am originally from France which also makes her a French citizen and she could easily go to college in France for not much money. It’s pretty much free there, I have 0 Student loan debt. With that in mind, a 529 would not be super helpful if we go that route. Should I consider other options? Do you have suggestions? Thanks so much!

like

Should I stop contributing to my 401K and put all my energy into paying off my student loan? Right now it's unconsolidated so there are rates between 3-6% and it's 20k.

What to do with pharma stocks like Pfizer, moderna.. doesn’t seem to be trending up..

like

Anyone took personal loan from HDFC !!
What are their interest rates and charges ?
Which bank is best for personal loan considering all charges/ interest rates and all ??

Starting apartment hunting in NYC soon. Any tips and recommendations for studios & 1 bedrooms in the city in terms of price range, ROI, neighborhood, down payment, best time to invest etc.

If anyone here is wondering how to best use their GI Bill... I HIGHLY recommend using the GI Bill comparison tool. Has anyone else here used it??

like

What would be a reasonable cost of renting for a single expat dude in Singapore living in decent area ? Would sgd 4K suffice ?

like

At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

like

If you’re hoping to find a housing deal, you’re out of luck in the short term.
Maybe if you can deal with the higher payments for the next 3 years and sell/refinance above today’s prices you’ll be ok, but this isn’t going to be pretty.

Post Photo
like

Can any one tell me, how to invest in quant mutual fund through it's website?

like
like

How do you invest and save for your children? I’m thinking about setting them up with custodial brokerage accounts but don’t want them to have a heyday at 18. Did you create irrevocable trusts or?? They are too young for earned income and I don’t own a business so no IRA investing opportunities here.

like

Looking for Best realtor deals available in Atlanta. I wish to sell a property but feel 6% is too high for commission. Pls share best deals you were able to get from a realtor

like

Have anyone negotiated their rates with wells? I wanted to use wells but another lender of giving me a better rate.

Thanks!

like

Holys*it, the seller accepted my offer, i’ll be owning a condo. Surreal! Did i make the right decision in this environment??? 😱

like

More Posts

I have an interview lined up for Autodesk US as an Data Engineer. Wanted to understand a bit more about salary structure and how company really is?. Autodesk

like

Anyone from Accenture federal want to refer me ? Strong , high performing manager with sfmc background, top tier mba and 15 years of experience .

like

Hi Tax Fishes,

Anyone can refer me to Deloitte for A2 M&A Tax Role?

Many thanks in advance 👏🏻

like

How guys, I have cleared SG Societe Generale Interview? How much CTC can I expect from SG? I'm holding an offer with a 10.7LPA +1Lakh joining bonus. Yoe-2yrs

Left on vacation with the boyfriend, 1 hour into the drive realized I forgot my Switch at home 🤦🏼‍♀️ Effectively adding 2 hours to our trip to go back for it, hope this dumb sea otter event doesn’t lead to me getting dumped on vacay 🙃

likefunny

Without asking or confirming, account lead booked an in-person client meeting that requires travel. Who books ~any~ major client meeting without first checking with the team ?

like
like

Where/ how can I learn Azure?

like

Did nobody point out the the irony of Fiverr using an agency for their (terrible) rebrand? Would have been a much better idea to come up with a concept that has Fiverr users execute it.

Post Photo
like

Is Early release available in Cognizant ? I need join the new company in 30 days

like

I don't have any friends in banglore. It is hard for me to find friends cause i am always that aloof kid who in addition is not straight so can't even bond with my teammates. How do people live like this. Even my flatmates don't talk . : (

like

which model deloitte usi banglore follows is it wfo or wfh?

like

Countdown... beginning now

like

any recent stamping experience in Canada?

Hi, I’m interested in learning more about EY Seren. Any folks here from EY-Seren please? Appreciated!

Company :- IBM
Position:- Data Engineer: Data warehouse snowflake
What CTC offer we can expect for 9 yoe ?

How is interview process at Nvidia ? How many rounds for 11 yoe , sr. system s/w engineer role.

How much time nvidia takes to finish all interviews and if everything goes well how much time to release offer ?

I am done with 1st technical interview. 2 more technical round schedule. Which kind of questions to expect in 2nd & 3rd round ?

like

What's the salary range for D2 - Program Manager position in CG??

like

Can we talk about Rates?
What is your:
1) hourly rate
2) years of practice
3) size firm
4) state

My answers:
1) $350/hr
2) 5 years
3) solo practitioner
4) New York

like

As a new product manager what books should I be reading? I’ve already read Inspired but looking or more. For context, I’ve joined a series A start up and as expected there’s a lot to do and it’s very fluid. I want to be able to help the head of product as much as possible as well as provide some structure to how we work.

like

Additional Posts in Compensation in Consulting

Deloitte MBA manager salary? S&A

like

3.5 years out of school, 2400 billable hours last year in TRS and just got promoted. what kind of year end compensation should I be expecting? Bonus and new salary

like

Interviewed for Deloitte S&A Tech Strategy SC and got a verbal offer for Consultant instead. I negotiated the offer to 120K salary and 10K signing bonus. I’m a boomerang with 4 years ERP consulting but this past year I’ve been doing DEI Consulting. Spoke with former colleagues who rejoined Deloitte and got a much higher offer for SC. How do I go back to the recruiter to negotiate further? I suggested that I’d probably sign but need time to think. Now I’d like to go back and request 140k salary.

like

What is Accenture Strategy (Tech Advisory & Strategy) compensation at Toronto office for C4 and M1 levels? As well as Sign on bonus offered?

like

I have a “commitment to an offer” at 150-170k from a BB. They said they can’t give me the offer until Feb/March until they ramp up their current hires and figure out their budget, but the HM said the best thing I can do is to get another offer to use as leverage.

I’m about to receive an offer from a different company at 100-115k. Would much rather work at the BB (better company/position). Is it even worth me bringing this offer to use as leverage, or is the salary discrepancy too much?

like

Hi my friend is moving from Microsoft India (10 yr exp) to Canada - he is a software engineer makes 40 l.p.a in India but got offer of 140K cad for intra company transfer. Isn’t that low or is it normal?

like

EYP fishes - what is the expected comp within strategy with 3 YOE?

like

PwC Pricing and Profitability practice. Senior associate offer at $123k plus 15k sign on. Offering another 7.5k if I agree in 24 hrs. Any advice where I should land?

like

Realized my tax withholding has been from NY (company based in nyc) instead of NJ (where I live)… I’m assuming this has to be changed asap with HR? And prob leaving money on the table…

like

How have you negotiated an hourly fee for your services?

like

Accenture talent and org offer. Manager hire at $175k base and $25k signing. Good?

like

DC - AFS, Senior Analyst making 88K salary with a 2K sign on bonus I had to negotiate is this a good deal?

like

Anyone at EY know about VBM practice and SM comp?

like

Is the difference between big 4 and MBB in compensation huge at top levels (SM and up)?

likefunny

Negotiating with EY for M/SM Tech Consulting. I have 15 years experience, skills are in demand and my interviews went extremely well. 1. What are the salary ranges for M and SM in NYC. 2. I am told it is only going to be a M now, for my own benefit-no EY network means failure at selling. Whats the highest salary I can negotiate at M. Any other tips will be handy. I have "sold" (support on sales & new roles through relationships) plus I have solid delivery experience. I really want SM 😀😀😀 EY

like

EY Business Transformation Senior Consultant Salary 5YOE (only 1 in Consulting) Tier 1 city?

like

I currently make a TC of 210k in Midwest region working in cloud architecture consulting. I looking to find my next role outside of consulting while keeping or increasing my TC. Has anyone been in similar situation and what type of roles and companies should I apply? I’m not looking to move to a high cost of living area

like

Do you say “remuneration” in place of Compensation or in place of Total Rewards? For some reason I thought it was more related to TR and both Comp and Remuneration were used globally.

like

What kind of compensation/titles have former financial consultants/restructuring/TAS folks got when they go to industry?

like

My offer letter says I will be eligible for 60k RSUs annual award with a 3 year vesting period. Does this mean I will get 60k award each year and my vesting each period would look like this. Year 1: 20k, Year 2: 40k, Year 3: 60k, Year 4: 60k …

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal