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Hi folks,
Can anyone confirm the variable policy of TechM, is it monthly or quarterly.
Heard from few folks that its was changed to quarterly and in offer letter nowhere its mentioned that its monthly or quarterly.simply said applicable as per variable policy.
Any folks recently joined and received salary please confirm it.
Thank you
Tech Mahindra
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Currently a senior in a major city with a reasonable COL. My boyfriend and I don’t have kids but are planning for them in the future.
I would say 150k is probably reasonable for us to maintain our current standard of living, max out our 401ks, travel with some frequency, save regularly, shop at Target instead of Walmart, etc. And that’s if I’m the only one earning an income. He currently makes ~50k and I make ~75k. I contribute 15% to my 401k (so not the max) and put an additional 7-800 dollars a month into savings.
I don’t really know how much it costs to have a kid but I’m assuming that number would go up
$30k!? I think I had $300 lol. As long as you can pay your deductible/copay a baby costs maybe $200/month. Maybe a bit more if using formula. We had our first kid in college and our fourth 10 years later. Always had to budget but never had a problem financially
No matter what salary you have, you will always want more and your COL will surprisingly adjust to need more
That’s the thing, we don’t make stupid decision or spend like insane. But we don’t do budgets or look out for our spendings neither. I think maybe because we bought two properties that totals 1.3m, but again, one is paid by renters. I don’t know what’s happening.
I’d say $500k, to support my animal sanctuary, no kids.
Same
350k...but if I got that number, I'd want more.
250k living in NYC
Alone or me + wife? We both make 80/90 now. I think once we both got around the 150 mark to be at 300k household we would be in good shape. Very reasonable COL city
$500k household income. We want 2 kids and we already have 3 dogs. I want to be able to save enough so my kids don’t have to take on debt to go to college and set them up to be successful. Right now we’re at around $200k household in our late 20s
Just hit 200k combined with wife (115k/85k). Feel pretty much set
2m?
Hard to put a number per se, but I would say if my net monthly income was double my monthly expenses (including all bills, food, gas, entertainment, tithes, etc.)
I am the only earner and have a family of 5( 3 kids). I think 140K would be a good salary for us, assuming I get COLA afterwards . Anything above that would be great but 140 is what I need to have great life.
Low COL I think 120 I could be content
$250k living in Bergen county NJ. 3 kids. Husband is very commission based so I want to not rely on that.
230k in DC
Wow. My follow up question is: do you think you’ll ever reach that? Or alternatively move to a lower COL city? (I’m not trolling. I’m honestly interested since that seems a lot higher necessary income than mine given COL in Denver.)
100k seems so far away… probably need to be manager in assurance to get that
that feels almost like a given tbh
Was thinking 300k living in SoCal and wanting a family
At least 350k when I am in my 40s
250k, single DC area. Housing is brutal unless you deal with a horrible commute.
$350k in Seattle
Just marry a big law attorney and you’ll be set for lyfe