02-28-2018, 05:50 AM
If you suddenly were making a lot of money (nothing crazy, say 100k a year) would you try to live wealthy or would you not change much from how you live now?
For example: If you make 50k a year now and use 45k so you have 5k savings, would you still spend around 45 to 50k a year even if you made 100k? That way you would have huge savings since you are living like you're "poorer" than you really are.
For those of you that are pretty wealthy already, how do you budget your money? Do you "live up to your income" or do you live like somebody who makes much less?
For example: If you make 50k a year now and use 45k so you have 5k savings, would you still spend around 45 to 50k a year even if you made 100k? That way you would have huge savings since you are living like you're "poorer" than you really are.
For those of you that are pretty wealthy already, how do you budget your money? Do you "live up to your income" or do you live like somebody who makes much less?