$50K a year isn’t enough to live on

Gronkmonster

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I know there are people reading this right now that are living in 400K + homes for a mortgage of around 2K. ,,,that are driving a 80K+ Truck Wife drives a 50+ Plus SUV. You have two kids in Private Schools that are taxing you for over 50K a year.

UNREAL
I'm guessing a can of snuff or a pack of marlboro lights is $5-6? I'm thinking when i quit 22yrs ago, it was $3-4 a can
I smoke a pack a day or less. When I buy 2 packs at Kroger it’s about $6.50 a pack. Not $400 a month but still need to quit
 

archer19

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Erwin, TN
You must not know the hell teachers go thru and the expected overtime they are supposed to do over the weekends. Not to mention how much they have to pay out of pocket to furnish their own classroom. It sounds good on the surface, but the crap they go through (along with the support staff) is absolutely insane.
Bingo……18 years experience here
 

THE DUKE

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It's enough if you respect money and know how to manage it. You have live in your means. I see this @ my work every time we hire someone, they want to work 6 mths and want a raise and become supervisor over people that's been there for 10-15 yrs.
 

TITANSFAN2104

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It depends. If you live a "$50K a year lifestyle", then $50K is enough. Meaning, you'll probably live in a VERY modest "home" and drive a VERY modest/paid off car and you'll likely not be able to take many vacations, if any. But, it's doable. You just have to live within your means.

- Dave Ramsey 😂
Exactly. People feel entitled to a lifestyle that demands a 100k salary. I understand inflation but i cant stand to hear someone fussing about their income while they have a 1500 dollar cellphone and 100 dollar payment along with a brand new car with a 700-1000 dollar payment.
People figured it out 100 years ago and did what they had to and made sacrifices. The majority now would rather get on facebook and ask for handouts before they gave up cellphones and internet.

Times get hard and all the youtube tv , netflix etc will be the first to go !!
 

THE DUKE

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My daughter used to stop for coffee on the way to school. I told her she doesn’t have the income to afford coffee. I can afford to buy it but make mine at home and drink it on the way to work eating a sandwich which I also made at home. They all want now stuff without putting in the work I did to get it. Right out of college they want the same house, car, and everything else that took me years of saving and scrimping to get. I’m saving money because I know I cannot rely on their generation to take care of me when I’m old.
This is what I was taught.
 

TITANSFAN2104

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I get $50,000 is not a lot but it is doable. Many who complain also want or have the latest car, newest iPhone, eat out and vacation. You can’t make $50,000 and have a atv, boat, lease, nice truck, unless you sacrifice the budget some where else. My nephew complained last week that his job wasn’t paying enough. ( while talking to me in his SITKA jacket).
Thats me... I buy alot of stuff i dont need nowadays but im also in the best job ive had in my life. I made good money in the early 2000s but when that recession hit i was laid off and unemployment was about 1/4 of my weekly average. You talking about a lifestyle change for the next 18months .. I remember going from winter into spring , I left the central unit on 78 througout spring just to save money on the bill. Siting there at home all day sweating. I found a job about 7 months into my layoff as a temporary making less than half what i was used to but they worked 20 hrs of OT almost weekly and thats where i got ahead.
While it sucked and my pride took a hit , I did it because i had a wife and daughter less than a year old at the time.
It was rough but everytime i could see a problem with money GOD always provided. It was almost storybook how it happened.
The one that gets me is when i had a house payment coming up and i didnt have nowhere near enough so i was gonna miss the first payment that I had ever missed. I hadnt told anyone and the very next day my Grandma called me up and the first thing she said (after small talk) was "Come to the house when you can, we are gonna pay your house payment this month".

Dont know how or why but in that moment i realized how blessed i was/am.
I know there are single parents out their struggling to get their kids a next meal and its a shame we (govt] cant help the ones trying to help themselves instead of peddling all our money overseas
 
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7mm08

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In a river hopefully!
Go to college 5 years get you a degree and you can be part of all these great perks ! That's why there is an overabundance of educators right now , more people are seeing this easy money! I can promise that no area of TN I know of starts out educators at 50 k.
I did…. 7 years. 3 degrees. Got TWO weeks off a year when I started not 15-20. Worked 50-100 hours a week , not walking out at 3:30 pm everyday. And my retirement was dependent on what I saved and not some state/union funded retirement.

Teaching is hard but it’s a part time job with great benefits.
 

hbg1

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Dec 21, 2015
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50k with 10 weeks off in the summer, a week off for spring break, a week off for fall break, 2 weeks off at Christmas, and every federal holiday doesn't sound too bad to me.
If it doesn’t sound too bad why is there a teaching shortage? all The things you said are true but the job still has to be done and it isn’t what it’s cracked up to be.
 

MickThompson

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Aug 9, 2006
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Cookeville, Tennessee
Probably 3300 a month bring home. Probably 400 a month health insurance. Leaves 2900 for everything else.

It would whittle down to nothing pretty quick for single income.
Wouldn't take much of a mortgage to eat up half of that with today's prices and interest rates

Edit- just ran a payment estimator on a $275k house- it'd be hard to find a a decent 3bd 2 ba for less. That would run $2300/ month.
 
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Gravey

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Christiana (Rutherford County)
$50k won’t get you far around here. If you had $2000/month in rent alone that’s $24k gone immediately and you haven’t paid bills (electricity, water, tv, phone), bought groceries, put anything into retirement, and heaven forbid have a car note or try to have a date night. It might be doable but would be very tough anywhere around the greater Nashville area and I’m including counties that touch it.

My dad retired from teaching, brother is a teacher, ex wife is a school counselor, and daughter graduates in May from grad school to be an elementary teacher so I’ve seen and heard plenty. There are goods and bads just like any job out there so if you feel called to teach you’re not doing it for the money and will make it work.
 

Hduke86

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Soddy Daisy, yes it's a real place
Thats me... I buy alot of stuff i dont need nowadays but im also in the best job ive had in my life. I made good money in the early 2000s but when that recession hit i was laid off and unemployment was about 1/4 of my weekly average. You talking about a lifestyle change for the next 18months .. I remember going from winter into spring , I left the central unit on 78 througout spring just to save money on the bill. Siting there at home all day sweating. I found a job about 7 months into my layoff as a temporary making less than half what i was used to but they worked 20 hrs of OT almost weekly and thats where i got ahead.
While it sucked and my pride took a hit , I did it because i had a wife and daughter less than a year old at the time.
It was rough but everytime i could see a problem with money GOD always provided. It was almost storybook how it happened.
The one that gets me is when i had a house payment coming up and i didnt have nowhere near enough so i was gonna miss the first payment that I had ever missed. I hadnt told anyone and the very next day my Grandma called me up and the first thing she said (after small talk) was "Come to the house when you can, we are gonna pay your house payment this month".

Dont know how or why but in that moment i realized how lucky i was/am.
I know there are single parents out their struggling to get their kids a next meal and its a shame we (govt] cant help the ones trying to help themselves instead of peddling all our money overseas
I had plenty of those times where I was stressed to the max cause I was a one income family with two small kids at and my wife was a stay at home mother. NEVER did God not provide, it may have been a grandparent like yours did you or an odd job that I would do at night after work and my family was asleep. I remember numerous times of clocking out going home and eating dinner with my family and putting my boys to bed. Only to turn around kiss my wife and tell her “I won’t wake y’all when I get home in the morning” after doing some job throughout the night that someone asked if I could help with like remodeling a house or tearing out fences.
 

jameseboy

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Oct 2, 2003
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2,847
Location
Germantown, TN
Got my teaching degree in 1967 and pay was too low then to support a family. So I found other employment. I bought first house in 1969. I made $10,000 a year and felt like it was a good living. Paid 17,900 for that house, paying $110 a month and mighty worried about where all that money would come from. Point is teaching has never been well paid and you need enough money to buy a house when you are young
 

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