No. It is not. Making $100,000 is nothing at all like making minimum wage in any way. There is really absolutely no comparison Minimum wage is $7.25 an hour in this country with some states a bit more. That works out to $15,080 per year if you assume 40 hours a week for 52 weeks. Making less than $300 a week is not the same as $1900 a week.
Here is their monthly expense breakdown
$ 350 a month for utilities- Not unreasonable
$ 300 for car insurance, -Seems high we have $120 a month for 2 cars
$ 175 for Internet, cable and phone. High-Comcast or many other places have triple play deals for $100 or are they including cell phones
$1222 a month on our mortgage Actually not too bad
$ 250 a month extra on the mortgage
$ 300 on a car loan. Hmm they claimed no debt highly recomnmed that they look at Dave Ramsy drive free plan.
$ 500 a month on gasoline higher but they maybe driving alot could look at way to save on gas
$ 800 on retirement way too low they should be saving double to even hit 10% of their income
$1250 for college ($15,000 a year for tuition and books) Kids need to pay for this and for community college it seems very high. $4k annually for community college.
$1000 a month on food. way to high for a family of 4 even with growing boys- I have 3 and we spend $600 the most a month
I am seeing alot of missing categories clothes, vacation entertainment. I don't live in their shoes but their cost of living area is lower than mine and we are making less than they. I don't feel poor.
So what are you thoughts....