$100,000 for a family of four is a comfortable but not wealthy lifestyle. After taxes, health insurance and other deductions it’s only 6000 a month.
Mortgage is 1500
Car payment is 600
Gas, insurance, maintenance is 500
Water, electric, Netflix, cell phones is 700
Childrens clothes, school supplies, parties, gifts, activities and lessons is 500
Groceries and take out is 1500
Wife’s clothes, cosmetics, jewelry, beauty, manicure, hair, massage, spa is 500
Personal allowance for entire family is 800
Total is 6400
What if the roof needs to be replaced at $8000? Or you need a new fridge or furnace? Monthly housing repair and maintenance is not factored in. Also many people have lines of credit, credit card, and student loan debts.And to top it all off, I have not included any prescription medication. This could be hundreds or even thousands of dollars a month
This means there is no way to save evdn with 100k. Inflation is too much. Today meat is so expensive that I cannot even afford to buy a steak or chicken breasts. I’m now using tofu, ground beef, and vegetables instead.