Middle Income Kith

**nuisance26** · 04-16-2007, 10:21 AM

~It had to happen! There's a "High" and a "Low" and now there's "Middle"! I'll go by the definitions of the previous posters and say that "Middle Income" is between $30,000 and $75,000 a year. Personally, we're a one-income household and on the low end of middle. DH's base salary is $33,500 a year but he works alot of OT. He's hoping to gross $40K this year. I'm happy to say that we contribute 12% of our gross pay to our retirement fund and we're on track to spend just $26,000 of our net pay this year. The car loan is $3500 of that. The rest goes to additional debt reduction(car loan and mortgage) and personal savings. We have 4 months of living expenses saved plus our $1K emergency fund. We also have $1000 in a starter fund to help the kids with college costs. It's interesting to read the different income levels and see that we're all working toward similar things. Our challenges are unique but the goal is the same.~

**julieb** · 04-16-2007, 10:25 AM

Well dang it I posted on high income and low income....I shoulda posted at middle income. I am so confused and give up.......lololol.

**Dixie** · 04-16-2007, 10:35 AM

I'm in the middle of the middle income kith.

**McD** · 04-16-2007, 11:57 AM

We're sitting happily towards the higher end of the middle income kith...pretty good considering our age.

**jamie79** · 04-16-2007, 03:19 PM

We are in the middle income area. Dh makes $60,000 a yr. It took us along time to get here.

**tlenad** · 04-17-2007, 09:51 AM

Another middle income here. I would be able to make it really well on my salary if I didn't have all this debt.

I'm on the low end of Middle Income though. I'm thinking seriously I need to try and make more money. I'm thinking maybe a part time job at least until I get this debt paid down. But then I'd have to give up my free time, I'm not sure that's worth it.

**jenloveschip2001** · 04-17-2007, 10:53 AM

We are in the middle income bracket. Hubby made about $43,000 this year.

**danni** · 04-17-2007, 11:07 AM

Dh made $35,000 this year so I guess we are in this bracket, even though because of the size of our family we are still considered low income.

Right now we are living off of $20,000 and the rest goes towards debt(regular and snowball pymts). We hope to be debt free by the end of 2008 and then all the extra will go towards a house and retirement.

**mommy4ever** · 04-17-2007, 11:21 AM

I guess we fall here

We are somewhere in the middle for our area. We're living on about 1/2 our income, snowballing the debt to get ahead in life. We are hoping to have all the consumer debt done by next spring. THen really work on the college funds, retirement and mortgage.

**Tracy** · 04-17-2007, 02:12 PM

We are also in middle income in the lower end.

**starsapphire** · 04-17-2007, 09:04 PM

We are in the middle of the middle income

But we live in California where the COL is high so technically we're low income LOL

**PB&J** · 04-18-2007, 10:53 AM

I supposed we are considered middle income. DH makes about 45K a year. I work very part time, only 4-5 hours on Sundays and make about $400 per month. Sometimes I make more, but $400 is the norm. I work for a church and organize child care for them. So if they need child care for something other than Sunday services I will work more.

We used to be very low income. When DH was going to school we made about $12-15K a year. It was tough! We sold pretty much everything we had to pay for his school. He even sold his guitars and amps. If anyone has a guitar playing guy, you will know how hard that was for him. lol He finished school and became a police officer in 2000 and has been going up since then. Starting salary was around 25K so I think he is doing great. He has been promoted many times. I am very proud of him.

Of course, a sizable chunk of DH's paycheck goes towards retirment, insurance, and some other stuff. It is about $400-500 per paycheck. Our insurances (health, life, dental, etc) comes to about $150 per check so the rest is retirement.