HydraKirby t1_jectdyb wrote on March 31, 2023 at 1:55 AM

Reply to comment by ItsWetInWestOregon in Are we living out of our means? by [deleted]

They're not looking at retirement. They're looking at if their current lifestyle costs are sustainable.

What the debt is from isn't applicable.

You can have debt and take on a mortgage.

InteriorAttack t1_jecu8f5 wrote on March 31, 2023 at 2:02 AM

They should be looking at retirement. OP isn't in good shape at all

HydraKirby t1_jecuivq wrote on March 31, 2023 at 2:04 AM

No I completely agree they should be looking at it. Everyone should be and have retirement in the back of their minds.

But their question wasn't retirement focused. OP is currently concerned about meeting their immediate lifestyle costs.

ItsWetInWestOregon t1_jecu3fj wrote on March 31, 2023 at 2:01 AM

Well it’s not sustainable if they also don’t have a plan for retirement. Current lifestyle costs for everyone need to include the retirement plan. If the debt is for everyday expenses they are already above their means. If they can’t pay off $10k in debt when they have less expenses, how would they pay for any home maintenance or emergencies once their bills rise?