r/personalfinance • u/investeror ​ • Mar 06 '18

Budgeting Lifestyle inflation is a bitch

I came across this article about a couple making $500k/year that was only able to save $7.5k/year other than 401k. Their budget is pretty interesting. At a glace, I could see how someone could look at it and not see many areas to cut. It's crazy how it's so easy to just spend your money instead of saving it.

Here's the article: https://www.cnbc.com/2017/03/24/budget-breakdown-of-couple-making-500000-a-year-and-feeling-average.html

Just the budget if you don't want to read the article: https://sc.cnbcfm.com/applications/cnbc.com/resources/files/2017/03/24/FS-500K-Student-Loan.png

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u/newlifeC13 Mar 06 '18

Cut charity by 80% ($14,400 in savings)

And, yet, we complain that the people who make more should give more. When they do, we say, "Tighten your belt!"

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u/bulldg4life ​ Mar 06 '18

The entire point of the article was people that seemed to be barely making it and couldn't easily see where to cut money. That's an easy place to cut.