I found this article and topic totally fascinating. I often find myself grappling with the question: ‘how much income is enough for a good / normal life?’ Turns out this is very difficult to put a number on (maybe impossible to generalise). Anyways thanks for a great post.
If I take out mortgage interest, childcare, and private education (which my wife is insisting on...) we are spending exactly $100k per year for a family of four (3 and 7 year old children). With mortgage interest $120k. Mortgage principal is saving, I think... I think a homeowning couple would need more than $50k though to have the same lifestyle.
I found this article and topic totally fascinating. I often find myself grappling with the question: ‘how much income is enough for a good / normal life?’ Turns out this is very difficult to put a number on (maybe impossible to generalise). Anyways thanks for a great post.
If I take out mortgage interest, childcare, and private education (which my wife is insisting on...) we are spending exactly $100k per year for a family of four (3 and 7 year old children). With mortgage interest $120k. Mortgage principal is saving, I think... I think a homeowning couple would need more than $50k though to have the same lifestyle.