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Old 02-05-2013, 08:40 PM   #31
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$40K could change our life. Pay off $5K student loans, $5K for deductible to have another baby, $10K for a used van, and $20K for a down payment to buy a house. That would be amazing!

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Old 02-05-2013, 09:46 PM   #32
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Ugh...I kinda hate to actually put a number on it...but I think about $100,000-&125,000 after taxes. Pay off all debt including student loans an our car payment and be able to make a down payment on a house.

Now I'm off to start looking for loose change, sell off items, or anything else I can do to bring that number down!
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Old 02-05-2013, 09:50 PM   #33
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80K. Pay off debt and downpayment for house.

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Old 02-05-2013, 09:54 PM   #34
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50k to pay off debt, which would be incredible, but I guess not life changing. 100-200k would be though!
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Old 02-05-2013, 10:03 PM   #35
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Re: What Is the Least Amount of Money It Would Take

For "life changing" we'd need about a million. I think we could "settle" for a few houndred thousand but that wouldn't pay off our mortgage. With a million we could pay off our farm and leave us enough to open a business and update our car etc.

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Old 02-05-2013, 10:08 PM   #36
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Life changing would require 300k.
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Old 02-05-2013, 10:12 PM   #37
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Re: What Is the Least Amount of Money It Would Take

It's interesting to see what 'life changing' means for different people. Being completely debt free would mean ~$2500 a month extra to simply save/invest. Or, I could be a SAHM for awhile because dh's pay would be enough to pay our non-debt bills. Or I could go back to school. Oh, the possibilities, lol!
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Old 02-05-2013, 10:17 PM   #38
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Re: What Is the Least Amount of Money It Would Take

$100k. That would pay off the house and all debts and put about$10k into savings.
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Old 02-05-2013, 10:42 PM   #39
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Re: What Is the Least Amount of Money It Would Take

after taxes $120,000 ... it would pay off our car (only debt) and be able to live for 4 years so DH could go back to school and get his PhD. (That would be living kinda frugally and using grant $ to pay tuition but us buying books/paying fees)
With $90,000, we*might* be able to pull it off if I got a part-time job.
With $60,000, I would have to work full time. (Or part time for a few years and full time after that)

Of course... I'd also have to talk DH into going back to school! But I think he'd be much happier with a PhD because he would be able to get the jobs he really wants instead of just ones he is "qualified" for. Long term it would mean a huge income boost over his BS degree (Ha Ha... Bachelors of Science... not the other BS.) We talk about it but it doesn't seem like we could realistically pull it off. (And neither of us is willing to go into that much student loan debt & we want another child. DH doesn't want me to work in the first 1 year of life for a baby or while pregnant. )
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Old 02-05-2013, 10:47 PM   #40
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Re: What Is the Least Amount of Money It Would Take

Quote:
Originally Posted by jen_batten View Post
50,000. That would pay off our house and leave us totally debt free!!
P.S. I am now accepting donations toward my major life change. Lol.
Me Too!
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