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When people make more money

Submitted by Xin Lu on February 13, 2008 - 10:04.

When people make more money they tend to spend more.  I think the keys is to keep your spending at a certain percentage of your income.  My husband and I try to always spend less than 50% of our take home income.  We live in Northern California and it is pretty expensive here, as I stated in a forum thread, a family of 4 earning 90k a year here is low income because the median for a family of 4 is 100k.  However, it is definitely possible for people to spend 50% of their take home even here. 

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