Originally Posted by
M.alex
Unless you're making bank or get lucky, how can one afford to even get ahead in Alberta, let alone retire?
Let's say you're a DINK couple making $120k. After taxes, mortage, car loans, general living and RSP you're left with nothing.
$120,000
$ 72,000.....-$48,000........40% to taxes
$ 47,000.....-$25,000........Mortgage
$ 37,000.....-$10,000........Insurance
$ 32,000.....-$5,000.........Car loan
$ 27,000.....-$5,000.........Gas/Car repair
$ 22,000.....-$5,000.........Food/Entertainment
$ 0.....-$22,000.......RSP