Middle Income Kith
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  1. #1
    Moderator nuisance26's Avatar
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    Talking Middle Income Kith

    ~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.~

  2. #2
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    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.

  3. #3
    Master Dollar Stretcher aka DixieBob Dixie's Avatar
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    I'm in the middle of the middle income kith.

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    McD
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    We're sitting happily towards the higher end of the middle income kith...pretty good considering our age.
    McD
    -wife to Z
    -mommy to Dubya & Moo Cow

    Blog: http://familystylemayhem.com/


    My Ravelry: http://www.ravelry.com/projects/nicd...view=thumbnail

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

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    Registered User tlenad's Avatar
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    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.

  7. #7
    Registered User jenloveschip2001's Avatar
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    We are in the middle income bracket. Hubby made about $43,000 this year.
    Wife to Chip
    Mother to 4 great kids

  8. #8
    Registered User danni's Avatar
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    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.

  9. #9
    Registered User mommy4ever's Avatar
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    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.
    Mom to 4 wonderful kiddos. Homeschooling mom
    • FFEF 2/6months
    • Retirement savings to start
    • Mortgage


    DEBT, n. An ingenious substitute for the chain and whip of the slave driver.
    - Ambrose Bierce






  10. #10
    Registered User Tracy's Avatar
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    We are also in middle income in the lower end.

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    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
    “When you get to the end of all the light you know
    and it's time to step into the darkness of the unknown,
    faith is knowing that one of two things will happen:
    you will be given something solid to stand on,
    or you will be taught how to fly.” - Edward Teller


    “Our Earth is degenerate in these later days;
    there are signs that the world is speedily
    coming to an end;
    bribery and corruption are common; children no
    longer obey their parents;
    every man wants to write a book and the
    end of the world is evidently approaching.”
    — From a translation of an inscription on
    an Assyrian clay tablet, circa 2800 B.C.E.


    God, grant me the serenity to accept the things I cannot change,
    courage to change the things I can,
    and the wisdom to know the difference
    .



    aho mitakuye oyasin

  12. #12
    Registered User PB&J's Avatar
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    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.
    Last edited by PB&J; 04-18-2007 at 10:57 AM.
    Nicole, Mom of 4 ages 8-18~

  13. #13
    Moderator baxjul's Avatar
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    I'm here! We make around $45,000, between the both of us!


    June grocery challenge $114.99/$400

  14. #14
    Registered User mom2hancj's Avatar
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    We are in the middle income kith Together we make about $60,000 a year. Which is actually high income for the area we live in.

  15. #15
    Registered User kksmom92's Avatar
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    We are middle income here too.

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