Is 250k a bad salary now for a man?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOl! if women are making that much then it is ok to expect more otherwise no need to find a loser that can't make her own money and expect you to earn for her.

I dunno if he could keep the house clean and have dinner ready, that would be pretty awesome. If he actually lived up to his end of the bargain and took care of all the household stuff, that would be pretty great.

Exactly. Men who make $120k would never be able to meet the expectations of high standard household maintenance and parenting. Women who make $250k are a very different breed with high standards in everything .
So the low paying meh would rather complain at these women being “gold diggers” or just marry women who make under $120k.

Huh. I’ve never equated high standards with money. I have extremely high standards… for behavior and respect, in particular.

I know wealthier people who can’t meet my standards.

That’s not my experience. People who make that much money also have higher standards for everything else in life. Eg to and self care routine, vacations types (quality site seeing vs cheap cruises or gastro tours), cleaner houses, kids upbringing. In most cases higher earning capacity is related to higher organizational skills. I dated a bunch of men who made much less than me and I was also bored around them. Very limited interests, life experience etc

I’m sorry you have such a limited worldview.

I decided to go into a service profession because I believe the true value in a person’s work is what they can give back to community. I could have waltzed into a higher paying job, but that wouldn’t have aligned with my values. I’m not motivated by money. I fail to see how a “quality” vacation is any better than a roadtrip down 95. The destination doesn’t make the trip one of “quality,” rather, the people around me do that.

And kid upbringing? Money doesn’t make you a better parent than others. Perhaps you can outsource more? And if so, how is that better parenting when it’s often something you can do yourself?

But perhaps you’d be bored around me. We don’t sound like we’d have similar interests.

Sorry not sorry that I prefer to see world cultural treasures and the nature and geological wonders. I doubt you spend your time studying Rafael painting technique vs Leonardo. I kinda enjoy being able just to hop on a plane to see exhibits that I always wanted to see, or to see a show. Of course when you invest the money in your kids they grow more social, less plugged into their screens, want to invent and achieve something, speak multiple languages. My 19 yo speaks 3 languages at native level, won in their college tech challenge (installing a portable communications system to address college wifi system gaps), and just got an internship at a tech company. That is all thanks to tutors they had, and excellent school they went to. That started from me buying a house in that neighborhood and earning good money to begin with.

And none of that… none of that… makes you a better parent than others. You may be a good parent who has the financial resources to make a path easier for your child. Okay. What about the parent (like me) who got their child on an equally successful path, but without the resources?

And none of that makes you superior. So you know the difference between two painting techniques. Do you know the needs at your local food pantry?

But I suppose the real issue is that you come across as NEEDING to feel better than others. That must be exhausting, and I wonder if you’d have a more complete world view if you let that go.

What are you taking about ? Money absolutely allow to be a better and more involved parent to your kids. Money buy you time to read to your kids in the evening, take them to sports, cook healthy meals, talk to their teachers, travel with kids and teach them languages.
If you go to the most impoverished neighborhoods parents don’t have time for their kids because they work low wages 24/7.

You are so, so woefully out of touch with the real world. Shockingly so. Please tell me you’re joking.

Money doesn’t buy me time to read to my children. That costs me nothing at all. And what makes you think you need to be wealthy to talk to teachers? To teach your children languages?

I’ll say it: I am a teacher. I’ve taught the children of the wealthy and the children of the less fortunate. I’ve met wealthy parents who ignore their children, letting others and social media do the work of parenting for them. I’ve met less fortunate parents who are some of the strongest, most balanced role models one can have.

So let’s stop with your farce here. Money doesn’t make you a better parent. All it does is make you a parent with money. That’s not as impressive as you want it to be.

If you’re busy struggling to pay the rent you generally don’t have the bandwidth to read about child development, feel calm when your kid misbehaves, eat and sleep in a way that supports your and your family’s wellbeing, etc. Money gives you more choices. Everyone is dealing with myriad aspects of their current environment, environment they were brought up in, and physiological/psychological environments. Money makes everything easier. To say it doesn’t is dishonest.

DP. Wait, are we still talking about people who make $250k?

I’m the PP. No, absolutely not. 250k is a good salary. People on this board are stupid and out of touch.

I’m not saying it gives you a lush lifestyle in NW DC, but you’re doing great.

We are not talking about 250k being a bad salary. It’s a good salary for a man. But that wouldn’t make me feel comfortable to fully focus on my kids. I would say 500k joint income is a minimum to raise 2-3 kids, travel, have a home in a good school district and to have more time flexibility to parent

You only say that because you’re terrible with money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

Don’t stop there! I’d LOVE to see where your 92k after housing and savings goes. Are you getting your hair colored with actual gold?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOl! if women are making that much then it is ok to expect more otherwise no need to find a loser that can't make her own money and expect you to earn for her.

I dunno if he could keep the house clean and have dinner ready, that would be pretty awesome. If he actually lived up to his end of the bargain and took care of all the household stuff, that would be pretty great.

Exactly. Men who make $120k would never be able to meet the expectations of high standard household maintenance and parenting. Women who make $250k are a very different breed with high standards in everything .
So the low paying meh would rather complain at these women being “gold diggers” or just marry women who make under $120k.

Huh. I’ve never equated high standards with money. I have extremely high standards… for behavior and respect, in particular.

I know wealthier people who can’t meet my standards.

That’s not my experience. People who make that much money also have higher standards for everything else in life. Eg to and self care routine, vacations types (quality site seeing vs cheap cruises or gastro tours), cleaner houses, kids upbringing. In most cases higher earning capacity is related to higher organizational skills. I dated a bunch of men who made much less than me and I was also bored around them. Very limited interests, life experience etc

I’m sorry you have such a limited worldview.

I decided to go into a service profession because I believe the true value in a person’s work is what they can give back to community. I could have waltzed into a higher paying job, but that wouldn’t have aligned with my values. I’m not motivated by money. I fail to see how a “quality” vacation is any better than a roadtrip down 95. The destination doesn’t make the trip one of “quality,” rather, the people around me do that.

And kid upbringing? Money doesn’t make you a better parent than others. Perhaps you can outsource more? And if so, how is that better parenting when it’s often something you can do yourself?

But perhaps you’d be bored around me. We don’t sound like we’d have similar interests.

Sorry not sorry that I prefer to see world cultural treasures and the nature and geological wonders. I doubt you spend your time studying Rafael painting technique vs Leonardo. I kinda enjoy being able just to hop on a plane to see exhibits that I always wanted to see, or to see a show. Of course when you invest the money in your kids they grow more social, less plugged into their screens, want to invent and achieve something, speak multiple languages. My 19 yo speaks 3 languages at native level, won in their college tech challenge (installing a portable communications system to address college wifi system gaps), and just got an internship at a tech company. That is all thanks to tutors they had, and excellent school they went to. That started from me buying a house in that neighborhood and earning good money to begin with.

And none of that… none of that… makes you a better parent than others. You may be a good parent who has the financial resources to make a path easier for your child. Okay. What about the parent (like me) who got their child on an equally successful path, but without the resources?

And none of that makes you superior. So you know the difference between two painting techniques. Do you know the needs at your local food pantry?

But I suppose the real issue is that you come across as NEEDING to feel better than others. That must be exhausting, and I wonder if you’d have a more complete world view if you let that go.

What are you taking about ? Money absolutely allow to be a better and more involved parent to your kids. Money buy you time to read to your kids in the evening, take them to sports, cook healthy meals, talk to their teachers, travel with kids and teach them languages.
If you go to the most impoverished neighborhoods parents don’t have time for their kids because they work low wages 24/7.

You are so, so woefully out of touch with the real world. Shockingly so. Please tell me you’re joking.

Money doesn’t buy me time to read to my children. That costs me nothing at all. And what makes you think you need to be wealthy to talk to teachers? To teach your children languages?

I’ll say it: I am a teacher. I’ve taught the children of the wealthy and the children of the less fortunate. I’ve met wealthy parents who ignore their children, letting others and social media do the work of parenting for them. I’ve met less fortunate parents who are some of the strongest, most balanced role models one can have.

So let’s stop with your farce here. Money doesn’t make you a better parent. All it does is make you a parent with money. That’s not as impressive as you want it to be.

If you’re busy struggling to pay the rent you generally don’t have the bandwidth to read about child development, feel calm when your kid misbehaves, eat and sleep in a way that supports your and your family’s wellbeing, etc. Money gives you more choices. Everyone is dealing with myriad aspects of their current environment, environment they were brought up in, and physiological/psychological environments. Money makes everything easier. To say it doesn’t is dishonest.

DP. Wait, are we still talking about people who make $250k?

I’m the PP. No, absolutely not. 250k is a good salary. People on this board are stupid and out of touch.

I’m not saying it gives you a lush lifestyle in NW DC, but you’re doing great.

We are not talking about 250k being a bad salary. It’s a good salary for a man. But that wouldn’t make me feel comfortable to fully focus on my kids. I would say 500k joint income is a minimum to raise 2-3 kids, travel, have a home in a good school district and to have more time flexibility to parent

You only say that because you’re terrible with money.

In most marriages, at least one person is terrible with money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOl! if women are making that much then it is ok to expect more otherwise no need to find a loser that can't make her own money and expect you to earn for her.

I dunno if he could keep the house clean and have dinner ready, that would be pretty awesome. If he actually lived up to his end of the bargain and took care of all the household stuff, that would be pretty great.

Exactly. Men who make $120k would never be able to meet the expectations of high standard household maintenance and parenting. Women who make $250k are a very different breed with high standards in everything .
So the low paying meh would rather complain at these women being “gold diggers” or just marry women who make under $120k.

Huh. I’ve never equated high standards with money. I have extremely high standards… for behavior and respect, in particular.

I know wealthier people who can’t meet my standards.

That’s not my experience. People who make that much money also have higher standards for everything else in life. Eg to and self care routine, vacations types (quality site seeing vs cheap cruises or gastro tours), cleaner houses, kids upbringing. In most cases higher earning capacity is related to higher organizational skills. I dated a bunch of men who made much less than me and I was also bored around them. Very limited interests, life experience etc

I’m sorry you have such a limited worldview.

I decided to go into a service profession because I believe the true value in a person’s work is what they can give back to community. I could have waltzed into a higher paying job, but that wouldn’t have aligned with my values. I’m not motivated by money. I fail to see how a “quality” vacation is any better than a roadtrip down 95. The destination doesn’t make the trip one of “quality,” rather, the people around me do that.

And kid upbringing? Money doesn’t make you a better parent than others. Perhaps you can outsource more? And if so, how is that better parenting when it’s often something you can do yourself?

But perhaps you’d be bored around me. We don’t sound like we’d have similar interests.

Sorry not sorry that I prefer to see world cultural treasures and the nature and geological wonders. I doubt you spend your time studying Rafael painting technique vs Leonardo. I kinda enjoy being able just to hop on a plane to see exhibits that I always wanted to see, or to see a show. Of course when you invest the money in your kids they grow more social, less plugged into their screens, want to invent and achieve something, speak multiple languages. My 19 yo speaks 3 languages at native level, won in their college tech challenge (installing a portable communications system to address college wifi system gaps), and just got an internship at a tech company. That is all thanks to tutors they had, and excellent school they went to. That started from me buying a house in that neighborhood and earning good money to begin with.

And none of that… none of that… makes you a better parent than others. You may be a good parent who has the financial resources to make a path easier for your child. Okay. What about the parent (like me) who got their child on an equally successful path, but without the resources?

And none of that makes you superior. So you know the difference between two painting techniques. Do you know the needs at your local food pantry?

But I suppose the real issue is that you come across as NEEDING to feel better than others. That must be exhausting, and I wonder if you’d have a more complete world view if you let that go.

What are you taking about ? Money absolutely allow to be a better and more involved parent to your kids. Money buy you time to read to your kids in the evening, take them to sports, cook healthy meals, talk to their teachers, travel with kids and teach them languages.
If you go to the most impoverished neighborhoods parents don’t have time for their kids because they work low wages 24/7.

You are so, so woefully out of touch with the real world. Shockingly so. Please tell me you’re joking.

Money doesn’t buy me time to read to my children. That costs me nothing at all. And what makes you think you need to be wealthy to talk to teachers? To teach your children languages?

I’ll say it: I am a teacher. I’ve taught the children of the wealthy and the children of the less fortunate. I’ve met wealthy parents who ignore their children, letting others and social media do the work of parenting for them. I’ve met less fortunate parents who are some of the strongest, most balanced role models one can have.

So let’s stop with your farce here. Money doesn’t make you a better parent. All it does is make you a parent with money. That’s not as impressive as you want it to be.

If you’re busy struggling to pay the rent you generally don’t have the bandwidth to read about child development, feel calm when your kid misbehaves, eat and sleep in a way that supports your and your family’s wellbeing, etc. Money gives you more choices. Everyone is dealing with myriad aspects of their current environment, environment they were brought up in, and physiological/psychological environments. Money makes everything easier. To say it doesn’t is dishonest.

DP. Wait, are we still talking about people who make $250k?

I’m the PP. No, absolutely not. 250k is a good salary. People on this board are stupid and out of touch.

I’m not saying it gives you a lush lifestyle in NW DC, but you’re doing great.

We are not talking about 250k being a bad salary. It’s a good salary for a man. But that wouldn’t make me feel comfortable to fully focus on my kids. I would say 500k joint income is a minimum to raise 2-3 kids, travel, have a home in a good school district and to have more time flexibility to parent

You only say that because you’re terrible with money.

+1. It makes no sense to say that $500k is minimum to have more time flexibility to parent— generally speaking salaries that high have less time flexibility than salaries somewhat lower (yes you may be the special exception blah blah blah).

— never made more than $200k but had plenty of time with my kids and retired in my 50s with $5M

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

92k for cars, food, ECs, cleaning lady, vacations, and all your other bills doesn't actually sound that hard to me, but I don't go to pilates so maybe that's it.

$15k/yr college savings sounds excessive to me. We do 8-10k per kid and are in great shape right now with kids in late elementary. But also we aren't over-investing in 529s. We will stop contributing once they each hit 150k. We have other savings sprinkled over a variety of vehicles, including treasury bonds, plus we expect to be able to cash flow some college expenses because our house will be paid off long before our kids hit college.

We bought a townhome prior to having kids and paid the mortgage down aggressively so when we sold it after 10 years (at 35 and 32, with two young kids) we had no mortgage. We took the proceeds and put them toward our house. Currently worth 1.2 million, we only have 300k left on the mortgage, currently pay 35k/yr.

So on your budget, assuming other numbers were accurate, we have more like 120k after taxes, retirement, college savings, and mortgage. Maybe I can go to pilates after all!!

I made a point above about how $250k is actually a fine salary for those of us who have been in the housing market for a while. But if you're a young couple saving for a down payment and getting a mortgage at current rates, it's tough.

Also, I don't think $150k per kid is going to cut it for college costs, even for in-state tuition, but I hope I am wrong. We are tarketing $350k per kid before we stop contributions. We both went to expensive schools, so we feel like we should pay it forward.

Wowza, sounds like your kids are pretty dumb. I guess the apple doesn’t fall far from the tree…

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

92k for cars, food, ECs, cleaning lady, vacations, and all your other bills doesn't actually sound that hard to me, but I don't go to pilates so maybe that's it.

$15k/yr college savings sounds excessive to me. We do 8-10k per kid and are in great shape right now with kids in late elementary. But also we aren't over-investing in 529s. We will stop contributing once they each hit 150k. We have other savings sprinkled over a variety of vehicles, including treasury bonds, plus we expect to be able to cash flow some college expenses because our house will be paid off long before our kids hit college.

We bought a townhome prior to having kids and paid the mortgage down aggressively so when we sold it after 10 years (at 35 and 32, with two young kids) we had no mortgage. We took the proceeds and put them toward our house. Currently worth 1.2 million, we only have 300k left on the mortgage, currently pay 35k/yr.

So on your budget, assuming other numbers were accurate, we have more like 120k after taxes, retirement, college savings, and mortgage. Maybe I can go to pilates after all!!

I made a point above about how $250k is actually a fine salary for those of us who have been in the housing market for a while. But if you're a young couple saving for a down payment and getting a mortgage at current rates, it's tough.

Also, I don't think $150k per kid is going to cut it for college costs, even for in-state tuition, but I hope I am wrong. We are targeting $350k per kid before we stop contributions. We both went to expensive schools, so we feel like we should pay it forward.

250k is a plenty of money for a young couple to save up for a down payment on a starter home, even at today's rates. Or they could get a condo or town house for 400-600k and use their equity for their first actual home purchase. You won't get much appreciation but the tax benefits and accrued equity could make it worth it over renting.

Everyone is different regarding college. You may feel anything less than 350k in a 529 is essential, but by your own admission that's because you value "expensive" schools. Expensive like Harvard or expensive like Pepperdine? I am not willing to spend 350-400k to send my kid to a mediocre school. I thus don't see the point in overfunding the 529. We'll fund up to 200k, and we have other resources we'd be willing to draw from for a truly great school. But I'm not just forking over that much money without even knowing in advance what the school is.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

Don’t stop there! I’d LOVE to see where your 92k after housing and savings goes. Are you getting your hair colored with actual gold?

Well, we go through this exercise pretty regularly, and we are over $92k on the extra expenses, and they include:
- Vacations are typically $10k - even national park vacations cost that much between flights, rental car, and hotels. We like to take 2 vacations per year, so about $20k in vacation costs.
- We have a kid with a learning disability who needs a tutor and therapies.
- We have another kid who does an expensive sport.
- We typically meet our $6k insurance deductible between the athlete, the kid who needs therapy, and my spouse and me, just staying on top of our health.
- Braces.
- We have life and and umbreall insurance policies.
- Hobbies - spouse is a golfer.
- Plane tickets for my in-laws to visit us a couple of times a year.
- I probably spend $3000 on vanity things like hair, skin care (IPL or laser treatments), a massage twice a year - nothing extravagant, but it adds up
- The kids have hobbies, birthday parties, and summer camps.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

Don’t stop there! I’d LOVE to see where your 92k after housing and savings goes. Are you getting your hair colored with actual gold?

The irony is that her hair probably only looks okay and no one ever compliments her on it and she secretly seethes about this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

92k for cars, food, ECs, cleaning lady, vacations, and all your other bills doesn't actually sound that hard to me, but I don't go to pilates so maybe that's it.

$15k/yr college savings sounds excessive to me. We do 8-10k per kid and are in great shape right now with kids in late elementary. But also we aren't over-investing in 529s. We will stop contributing once they each hit 150k. We have other savings sprinkled over a variety of vehicles, including treasury bonds, plus we expect to be able to cash flow some college expenses because our house will be paid off long before our kids hit college.

We bought a townhome prior to having kids and paid the mortgage down aggressively so when we sold it after 10 years (at 35 and 32, with two young kids) we had no mortgage. We took the proceeds and put them toward our house. Currently worth 1.2 million, we only have 300k left on the mortgage, currently pay 35k/yr.

So on your budget, assuming other numbers were accurate, we have more like 120k after taxes, retirement, college savings, and mortgage. Maybe I can go to pilates after all!!

I made a point above about how $250k is actually a fine salary for those of us who have been in the housing market for a while. But if you're a young couple saving for a down payment and getting a mortgage at current rates, it's tough.

Also, I don't think $150k per kid is going to cut it for college costs, even for in-state tuition, but I hope I am wrong. We are tarketing $350k per kid before we stop contributions. We both went to expensive schools, so we feel like we should pay it forward.

Wowza, sounds like your kids are pretty dumb. I guess the apple doesn’t fall far from the tree…

I mean, we are targeting the cost of our alma mater, which doesn't give any merit aid, so your ad hominem is the dumb thing here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

Don’t stop there! I’d LOVE to see where your 92k after housing and savings goes. Are you getting your hair colored with actual gold?

The irony is that her hair probably only looks okay and no one ever compliments her on it and she secretly seethes about this.

No, I'm PP, and I fully admit my hair looks very average. I'm just not ready to go grey yet.o

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

Don’t stop there! I’d LOVE to see where your 92k after housing and savings goes. Are you getting your hair colored with actual gold?

Well, we go through this exercise pretty regularly, and we are over $92k on the extra expenses, and they include:
- Vacations are typically $10k - even national park vacations cost that much between flights, rental car, and hotels. We like to take 2 vacations per year, so about $20k in vacation costs.
- We have a kid with a learning disability who needs a tutor and therapies.
- We have another kid who does an expensive sport.
- We typically meet our $6k insurance deductible between the athlete, the kid who needs therapy, and my spouse and me, just staying on top of our health.
- Braces.
- We have life and and umbreall insurance policies.
- Hobbies - spouse is a golfer.
- Plane tickets for my in-laws to visit us a couple of times a year.
- I probably spend $3000 on vanity things like hair, skin care (IPL or laser treatments), a massage twice a year - nothing extravagant, but it adds up
- The kids have hobbies, birthday parties, and summer camps.

So the actual *numbers* you included add up to 29K. Then you just listed a bunch of expenses- clearly you have no clue how much you actually spend.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

92k for cars, food, ECs, cleaning lady, vacations, and all your other bills doesn't actually sound that hard to me, but I don't go to pilates so maybe that's it.

$15k/yr college savings sounds excessive to me. We do 8-10k per kid and are in great shape right now with kids in late elementary. But also we aren't over-investing in 529s. We will stop contributing once they each hit 150k. We have other savings sprinkled over a variety of vehicles, including treasury bonds, plus we expect to be able to cash flow some college expenses because our house will be paid off long before our kids hit college.

We bought a townhome prior to having kids and paid the mortgage down aggressively so when we sold it after 10 years (at 35 and 32, with two young kids) we had no mortgage. We took the proceeds and put them toward our house. Currently worth 1.2 million, we only have 300k left on the mortgage, currently pay 35k/yr.

So on your budget, assuming other numbers were accurate, we have more like 120k after taxes, retirement, college savings, and mortgage. Maybe I can go to pilates after all!!

I made a point above about how $250k is actually a fine salary for those of us who have been in the housing market for a while. But if you're a young couple saving for a down payment and getting a mortgage at current rates, it's tough.

Also, I don't think $150k per kid is going to cut it for college costs, even for in-state tuition, but I hope I am wrong. We are tarketing $350k per kid before we stop contributions. We both went to expensive schools, so we feel like we should pay it forward.

Wowza, sounds like your kids are pretty dumb. I guess the apple doesn’t fall far from the tree…

I mean, we are targeting the cost of our alma mater, which doesn't give any merit aid, so your ad hominem is the dumb thing here.

The fact that dumb parents send their dumb kids to their alma mater only reinforces my point, actually.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

Don’t stop there! I’d LOVE to see where your 92k after housing and savings goes. Are you getting your hair colored with actual gold?

Well, we go through this exercise pretty regularly, and we are over $92k on the extra expenses, and they include:
- Vacations are typically $10k - even national park vacations cost that much between flights, rental car, and hotels. We like to take 2 vacations per year, so about $20k in vacation costs.
- We have a kid with a learning disability who needs a tutor and therapies.
- We have another kid who does an expensive sport.
- We typically meet our $6k insurance deductible between the athlete, the kid who needs therapy, and my spouse and me, just staying on top of our health.
- Braces.
- We have life and and umbreall insurance policies.
- Hobbies - spouse is a golfer.
- Plane tickets for my in-laws to visit us a couple of times a year.
- I probably spend $3000 on vanity things like hair, skin care (IPL or laser treatments), a massage twice a year - nothing extravagant, but it adds up
- The kids have hobbies, birthday parties, and summer camps.

So the actual *numbers* you included add up to 29K. Then you just listed a bunch of expenses- clearly you have no clue how much you actually spend.

I know exactly how much we spend, but I'm not posting it online. It's more than $92k, and we're barely living a UMC lifestyle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

Don’t stop there! I’d LOVE to see where your 92k after housing and savings goes. Are you getting your hair colored with actual gold?

The irony is that her hair probably only looks okay and no one ever compliments her on it and she secretly seethes about this.

No, I'm PP, and I fully admit my hair looks very average. I'm just not ready to go grey yet.o

Did you know you can get a box of Clairol for less than 20 bucks?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) - $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out). I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.

92k for cars, food, ECs, cleaning lady, vacations, and all your other bills doesn't actually sound that hard to me, but I don't go to pilates so maybe that's it.

$15k/yr college savings sounds excessive to me. We do 8-10k per kid and are in great shape right now with kids in late elementary. But also we aren't over-investing in 529s. We will stop contributing once they each hit 150k. We have other savings sprinkled over a variety of vehicles, including treasury bonds, plus we expect to be able to cash flow some college expenses because our house will be paid off long before our kids hit college.

We bought a townhome prior to having kids and paid the mortgage down aggressively so when we sold it after 10 years (at 35 and 32, with two young kids) we had no mortgage. We took the proceeds and put them toward our house. Currently worth 1.2 million, we only have 300k left on the mortgage, currently pay 35k/yr.

So on your budget, assuming other numbers were accurate, we have more like 120k after taxes, retirement, college savings, and mortgage. Maybe I can go to pilates after all!!

I made a point above about how $250k is actually a fine salary for those of us who have been in the housing market for a while. But if you're a young couple saving for a down payment and getting a mortgage at current rates, it's tough.

Also, I don't think $150k per kid is going to cut it for college costs, even for in-state tuition, but I hope I am wrong. We are tarketing $350k per kid before we stop contributions. We both went to expensive schools, so we feel like we should pay it forward.

Wowza, sounds like your kids are pretty dumb. I guess the apple doesn’t fall far from the tree…

I mean, we are targeting the cost of our alma mater, which doesn't give any merit aid, so your ad hominem is the dumb thing here.

The fact that dumb parents send their dumb kids to their alma mater only reinforces my point, actually.

LOL. Okay. Everyone who went to an Ivy or SLAC is dumb. You got me there.