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Old 08-09-2009, 03:11 PM
 
4 posts, read 13,772 times
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with a yearly salary of 45K/year, how much would my take home income be?
...how easy would it be to live on 45K/year? im trying to work out my finances...
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Old 08-09-2009, 03:18 PM
 
Location: Bella Vista, Ark
74,886 posts, read 87,287,657 times
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Quote:
Originally Posted by lirwin View Post
with a yearly salary of 45K/year, how much would my take home income be?
...how easy would it be to live on 45K/year? im trying to work out my finances...
That depends on where in CA you will be living, what your life style is like and if you have a family or just yourself to worry about.

Nita
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Old 08-09-2009, 05:24 PM
 
Location: Planet Earth
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After 401 k, taxes and insurance I take home about 67.5% of everything I earn. Single with one exemption. Give six percent post tax to retirement and paid biweekly.
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Old 08-09-2009, 06:09 PM
 
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I've found Paycheck City to be a fairly reliable site. Claiming a single exemption would net you approximately $2,830/month, according to this site. Of course, that doesn't include insurance premiums or any other payroll deductions (although you can add those into the calculation).
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Old 08-09-2009, 06:41 PM
 
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thanks for the info. we want to live on the westside with a combined income(husband and wife) before deductions at $85k. we are looking at renting for $1500/month. do you think this would work and live off?
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Old 08-09-2009, 06:43 PM
 
Location: Planet Earth
1,080 posts, read 2,920,072 times
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Quote:
Originally Posted by lirwin View Post
thanks for the info. we want to live on the westside with a combined income(husband and wife) before deductions at $85k. we are looking at renting for $1500/month. do you think this would work and live off?
it would work if u don't have many other debts. U have any cc debt or car payments.
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Old 08-09-2009, 06:52 PM
 
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no cc debt, was also looking at car payments of around 350/month
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Old 08-09-2009, 10:12 PM
 
Location: RSM
5,113 posts, read 17,786,034 times
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my wife and i survived at a slightly lower rent with about that income and a child. its doable, but you have to give up a lot. i havent purchased a new computer or car in many years.
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Old 08-10-2009, 01:55 PM
 
Location: Bella Vista, Ark
74,886 posts, read 87,287,657 times
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Quote:
Originally Posted by lirwin View Post
thanks for the info. we want to live on the westside with a combined income(husband and wife) before deductions at $85k. we are looking at renting for $1500/month. do you think this would work and live off?
first you say $45 and then $85,000, that is a big difference. Yes, you can live comfortably on $85,000 but $45,000 is a different stroy.

Nita
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Old 08-10-2009, 03:20 PM
 
Location: Milwaukee, WI
158 posts, read 594,379 times
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Quote:
Originally Posted by nmnita View Post
first you say $45 and then $85,000, that is a big difference.
Nita
Well yeah, there are two separate questions...
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