I remember when I got my first job out of college, and my starting salary was $30,000. I felt rich! It was the first time in my life that I wasn’t earning an hourly paycheck. But, it was also the first time in my life that I was responsible for all of my own living expenses—rent, car payment, car insurance, groceries, taxes… After federal and state tax withholding, what I thought of as my fat paycheck, was stretched to its limits.
