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June 29, 2008 at 9:22 AM #230884June 29, 2008 at 9:38 AM #230734RenParticipant
I think people overestimate the impact of expensive gas. At $4.50/gallon, my wife and I spend $300-$400/month now (no SUV’s in this family). At $9/month, that will double, but it’s not that noticeable when we easily spend $1k+ on groceries and eating out every month for the three of us (incl. baby).
Expensive gas has had virtually no impact on us, other than to make us pay more attention to how we use it. No change in our plans to live in the burbs. It doesn’t take much in the way of sacrifice for a middle class family to eek out an extra $400/month for gas, if they’re smart with the rest of their budget.
June 29, 2008 at 9:38 AM #230858RenParticipantI think people overestimate the impact of expensive gas. At $4.50/gallon, my wife and I spend $300-$400/month now (no SUV’s in this family). At $9/month, that will double, but it’s not that noticeable when we easily spend $1k+ on groceries and eating out every month for the three of us (incl. baby).
Expensive gas has had virtually no impact on us, other than to make us pay more attention to how we use it. No change in our plans to live in the burbs. It doesn’t take much in the way of sacrifice for a middle class family to eek out an extra $400/month for gas, if they’re smart with the rest of their budget.
June 29, 2008 at 9:38 AM #230870RenParticipantI think people overestimate the impact of expensive gas. At $4.50/gallon, my wife and I spend $300-$400/month now (no SUV’s in this family). At $9/month, that will double, but it’s not that noticeable when we easily spend $1k+ on groceries and eating out every month for the three of us (incl. baby).
Expensive gas has had virtually no impact on us, other than to make us pay more attention to how we use it. No change in our plans to live in the burbs. It doesn’t take much in the way of sacrifice for a middle class family to eek out an extra $400/month for gas, if they’re smart with the rest of their budget.
June 29, 2008 at 9:38 AM #230906RenParticipantI think people overestimate the impact of expensive gas. At $4.50/gallon, my wife and I spend $300-$400/month now (no SUV’s in this family). At $9/month, that will double, but it’s not that noticeable when we easily spend $1k+ on groceries and eating out every month for the three of us (incl. baby).
Expensive gas has had virtually no impact on us, other than to make us pay more attention to how we use it. No change in our plans to live in the burbs. It doesn’t take much in the way of sacrifice for a middle class family to eek out an extra $400/month for gas, if they’re smart with the rest of their budget.
June 29, 2008 at 9:38 AM #230920RenParticipantI think people overestimate the impact of expensive gas. At $4.50/gallon, my wife and I spend $300-$400/month now (no SUV’s in this family). At $9/month, that will double, but it’s not that noticeable when we easily spend $1k+ on groceries and eating out every month for the three of us (incl. baby).
Expensive gas has had virtually no impact on us, other than to make us pay more attention to how we use it. No change in our plans to live in the burbs. It doesn’t take much in the way of sacrifice for a middle class family to eek out an extra $400/month for gas, if they’re smart with the rest of their budget.
June 29, 2008 at 10:18 AM #230755zzzParticipantRen, earnings wise, are you the “average” middle class? First off I believe there is a lot of debate on exactly what earnings range defines the middle class. If the general range is between 30k-100k, an “average” middle class household who are somewhere in the 40k-50k range is definitely going to feel the hurt of an extra $400 per month. Higher gas prices don’t just add to driving costs, they translate to higher costs in food and clothing and just about anything you buy.
June 29, 2008 at 10:18 AM #230878zzzParticipantRen, earnings wise, are you the “average” middle class? First off I believe there is a lot of debate on exactly what earnings range defines the middle class. If the general range is between 30k-100k, an “average” middle class household who are somewhere in the 40k-50k range is definitely going to feel the hurt of an extra $400 per month. Higher gas prices don’t just add to driving costs, they translate to higher costs in food and clothing and just about anything you buy.
June 29, 2008 at 10:18 AM #230890zzzParticipantRen, earnings wise, are you the “average” middle class? First off I believe there is a lot of debate on exactly what earnings range defines the middle class. If the general range is between 30k-100k, an “average” middle class household who are somewhere in the 40k-50k range is definitely going to feel the hurt of an extra $400 per month. Higher gas prices don’t just add to driving costs, they translate to higher costs in food and clothing and just about anything you buy.
June 29, 2008 at 10:18 AM #230926zzzParticipantRen, earnings wise, are you the “average” middle class? First off I believe there is a lot of debate on exactly what earnings range defines the middle class. If the general range is between 30k-100k, an “average” middle class household who are somewhere in the 40k-50k range is definitely going to feel the hurt of an extra $400 per month. Higher gas prices don’t just add to driving costs, they translate to higher costs in food and clothing and just about anything you buy.
June 29, 2008 at 10:18 AM #230940zzzParticipantRen, earnings wise, are you the “average” middle class? First off I believe there is a lot of debate on exactly what earnings range defines the middle class. If the general range is between 30k-100k, an “average” middle class household who are somewhere in the 40k-50k range is definitely going to feel the hurt of an extra $400 per month. Higher gas prices don’t just add to driving costs, they translate to higher costs in food and clothing and just about anything you buy.
June 29, 2008 at 12:45 PM #230817RenParticipantWe’re currently in the high end of the range you mentioned, which is less than almost every couple we know. My wife works an office job and I have my own company that is profitable but isn’t yet pulling in a whole lot. When I’m working a “real” job in my profession, then our total household income is more in the mid-100’s. Still, we don’t need it, have money left over every month, and could live on less. We’re renting a nice 2-bedroom condo in CV.
The key is budgeting well. We have zero debt (paid-for cars that are economical as well), pay off the credit card every month, use credit card points for travel, shop very carefully for major expenses like car insurance, buy in bulk, maintain high 700’s fico scores, etc.
Oh and we tip well for good karma π
In contrast, my sister and her husband make much more than we do, yet have lived paycheck-to-paycheck their entire adult lives. It’s all in the decisions you make every day.
June 29, 2008 at 12:45 PM #230938RenParticipantWe’re currently in the high end of the range you mentioned, which is less than almost every couple we know. My wife works an office job and I have my own company that is profitable but isn’t yet pulling in a whole lot. When I’m working a “real” job in my profession, then our total household income is more in the mid-100’s. Still, we don’t need it, have money left over every month, and could live on less. We’re renting a nice 2-bedroom condo in CV.
The key is budgeting well. We have zero debt (paid-for cars that are economical as well), pay off the credit card every month, use credit card points for travel, shop very carefully for major expenses like car insurance, buy in bulk, maintain high 700’s fico scores, etc.
Oh and we tip well for good karma π
In contrast, my sister and her husband make much more than we do, yet have lived paycheck-to-paycheck their entire adult lives. It’s all in the decisions you make every day.
June 29, 2008 at 12:45 PM #230950RenParticipantWe’re currently in the high end of the range you mentioned, which is less than almost every couple we know. My wife works an office job and I have my own company that is profitable but isn’t yet pulling in a whole lot. When I’m working a “real” job in my profession, then our total household income is more in the mid-100’s. Still, we don’t need it, have money left over every month, and could live on less. We’re renting a nice 2-bedroom condo in CV.
The key is budgeting well. We have zero debt (paid-for cars that are economical as well), pay off the credit card every month, use credit card points for travel, shop very carefully for major expenses like car insurance, buy in bulk, maintain high 700’s fico scores, etc.
Oh and we tip well for good karma π
In contrast, my sister and her husband make much more than we do, yet have lived paycheck-to-paycheck their entire adult lives. It’s all in the decisions you make every day.
June 29, 2008 at 12:45 PM #230986RenParticipantWe’re currently in the high end of the range you mentioned, which is less than almost every couple we know. My wife works an office job and I have my own company that is profitable but isn’t yet pulling in a whole lot. When I’m working a “real” job in my profession, then our total household income is more in the mid-100’s. Still, we don’t need it, have money left over every month, and could live on less. We’re renting a nice 2-bedroom condo in CV.
The key is budgeting well. We have zero debt (paid-for cars that are economical as well), pay off the credit card every month, use credit card points for travel, shop very carefully for major expenses like car insurance, buy in bulk, maintain high 700’s fico scores, etc.
Oh and we tip well for good karma π
In contrast, my sister and her husband make much more than we do, yet have lived paycheck-to-paycheck their entire adult lives. It’s all in the decisions you make every day.
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