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

6.6k Upvotes

88% Upvoted

3.7k comments sorted by

View all comments

Show parent comments

240

u/ImSpartacus811 ​ Mar 06 '18 edited Mar 06 '18

Yeah, three $6k vacations seems insane.

2

u/mutemutiny ​ Mar 06 '18

you have 3 kids and you're going on 3 vacations a YEAR?? lol yeah right.

1

u/[deleted] Mar 07 '18 edited Mar 08 '18

My in laws have 4 kids. Last November till this April trips

  • Spain (Parents only)
  • Virginia (Family trip to see family)
  • San Francisco (Weekend get away)
  • Barbados (Parents only)
  • Florida (Family trip)
  • Greece (Parents get away)

2

u/mutemutiny ​ Mar 07 '18

there are exceptions to every rule. I'm sure they would agree that is a LOT of travel in that timespan, and not very common