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That depends on where your are and at which stage of your life.
I’m not going to tell you how much money I make each month, but I’ll tell you that I live a pretty comfortable lifestyle without stretching myself thin. Just for a moment, lets look at my monthly expenses:
Mortgage (includes property tax and home owners dues): $3000Cable TV: $50Electricity & Water: $15Food: $500 (I eat out a lot)Partying: $200 (I work hard and play hard)Miscellaneous: $500Total expenses: $1265
Some of you may think that I live a lavish lifestyle and some of you may think that I live a frugal lifestyle. I personally think I am somewhere in the middle.
It depends. It depends on many variable factors such as the size of your family, where you live, whether you have kids at scool or university, the health of your family members, whether your living place is owned or rented, and many, many other things. It also depends on how you want to live. But basically, what you earn should enable you to cover your present needs and provide for your future when you're retired. Living as a human being means you should also be able to entertain yourself and your family. It is nice to earn enough, and not suffer from being broke or short on money. But this is hardly the case for many.
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