Comfortably is a word that leaves wide answers, but I would say that you need enough to pay your bills, your rent, to pay a car, to buy some things in the weeks, two dinners weekly in some good place, and to save at least 20% of your salary for retirement or vacations (can be more if you have a retirement plan and you want to enjoy vacations every year).
Now, check how much do you pay for the things I mentioned and then you have the amount.
Now put one more day of salary and that's it.How do you figure out what your gross income should be in order to live comfortably?
must have 4 times your rent or mortgage after taxes ; comfortable would be 5 times or more
Rule #1 - It's not what you make, it's what you keep.
Rule #2 - See rule #1.
figure your monthly obligations, and then add in some little things like weekly dinners with the family, or even saturday night bowling, stuff like that. YOU MUST save for retirement, so make sure you factor in 15-20% savings for retirement. to live comfortably, you must not have too much month at the end of the money, also you can't break even, so keep growing your checking account.
';Comfortably'; means different things to different people - can you be more specific?
Add up all of your monthly expenses. Rent/Housing payment, water, gas, electric, cable, phone, gas, groceries, entertainment, unexpected expenses, pet expenses, clothes, food, car payment, car insurance, health insurance...EVERY monthly expense you can think of. Then add a few hundred dollors to that. That should give you a good idea of what you need to bring in per month with some room left over.
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