I think the definitions are subjective and can be contentious. People seem to love debating the one true list of dollar amounts for each level, which then invariably spirals into a cost of living, size of household, and inflation debate.
I was trying to side step that by just asking where people see themselves and not the underlying numbers. I think what you’re aiming for, regardless of whether we’re using exactly the same definitions, conveys a lot about your risk appetite, desire for luxuries, etc.
You mention your expenses would now be seen as lean — do you actually agree with that or is it more your impression of community sentiment?
Community sentiment, definitely. I’m quite comfortable that our numbers have been reached from years of measuring how much we spend, so how much we’ll need.
I think the definitions are subjective and can be contentious. People seem to love debating the one true list of dollar amounts for each level, which then invariably spirals into a cost of living, size of household, and inflation debate.
I was trying to side step that by just asking where people see themselves and not the underlying numbers. I think what you’re aiming for, regardless of whether we’re using exactly the same definitions, conveys a lot about your risk appetite, desire for luxuries, etc.
You mention your expenses would now be seen as lean — do you actually agree with that or is it more your impression of community sentiment?
Community sentiment, definitely. I’m quite comfortable that our numbers have been reached from years of measuring how much we spend, so how much we’ll need.