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What is you Mortgage Payment and Gross Salary?
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Anonymous
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90k income
2000 mos mortgage 1700 mos student loans (darn ivy leagues) 1250 mos for pre-school 300 mos for food no car payments Poor but happy |
Anonymous
300 for food? We do that in about 2 weeks. Family of two adults and a toddler. And a whole lot more when we shop at Whole Foods - which I'm trying to do more of since reading Michael Pollan's book, and learning about poultry practices in this country. Anyway, we don't do coupons or anything and buy a lot of organic stuff which is probably why. Food is the one thing I'll splurge on. Our total income is about $130k and we have no debt other than mortgage ($2800 a month). |
Anonymous
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200k combined income
4000k mortgage 2400 per month in childcare (2 children) No car payments (3 cars that add up to 35 years old altogether, "youngest" car is 10 years old) Typical bills, no real "splurging" unless you consider basic cable and a monthly subscription to Netflix Were majorly stupid with our spending last year and are going to be dipping into savings to clear out 20k in credit card debt, ug. Never have done that before, will never do that again! Otherwise maxing out our 401k, putting a few hundred into college and Roth IRA's each month, putting a few hundred into our "rainy day" and vacation money market saving accounts. We definitely feel tight in our budget each month, just trying to play it smart and not act stupid again with our spending. |
Anonymous
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Interesting to see what others do.
100K combined income 2000 mortgage 300 student loan 800 part-time child care 900 food (yes, I know that's insane, but can't figure out why) No cable No car payments 401K contributions |
Anonymous
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I am sure I will get flamed. But in the interest of answering the question, I will give you two recent scenarios.
2005 HHI 500-600K Mort 4500 a month (including taxes, etc.) we tried to pay 6K Nanny 2500 a month 2 cars one paid and one 600 a month Maxed out on 401K and other preretirement savings 1K a month college fund Usually were able to send about 100K to our fund manager at the end of they year We usually spent a good deal on travel two small children at the time No debt NOW (2010) HHI 900K Mortgage 13K (30 year) but we are paying as if an 18yr. note Tuition (private school) plus summer camps call is 4.5K a month College Fund 1.5K Two cars one free lease from work, one paid off No debt Saving other than maxing out on pretax retirement fluctuates, but we aim for 200K a month While we make a lot more now, I would say amping up the house payment was a big mistake. While we love our home, it is stressful to have such a big mortgage in a town where circumstances can change rather quickly. We have 1M equity in the house, however, so unless the market plummets below where it has been, we have a cushion. And savings, of course. |
Anonymous
| Meant to say 200 K a year savings is our goal (we do get an end of the year bonus) |
Anonymous
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Gross HHI ~$430-450k
mortgage on $1.05mil. home ~$5k/month (but will go down to $4k in 3 years). mortgage on $610k (first home-$2900/month--but keep it rented out). nanny: $1850/month preschool/summer camps: $1,100/month. housekeeper every other week: $120.00 no other debt--cars paid in full; student loans paid off. fairly frugal--biggest expenses---WholeFoods down the street. looking forward to having first home paid off so rental will eventually be solely income vs paying down mortgage. We would definitely be better off in a lower cost area--but we love DC area. |
Anonymous
ha!!! you are talking about me and my husband. We are not car ppl. could care less about the status thing...and my 10-year old Honda may not look pretty, but it is VERY reliable. plus- I work from home full-time and only use it to drive 1.5 miles to preschool and back. Husband's older jetta mainly sits in the driveway since he Metros to work and we NEVER get in a car on the weekends because we live walking distance to everything---drycleaners, 3 groceries, our gym, 4 parks, shops, etc. |
Anonymous
and then there are couples like my husband and myself that both hate debt. Our society is in this predictament because everyone is going out buying things they CANNOT afford. It's too bad everyone isn't like this. |
Anonymous
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315K gross income
5900 mortgage payment (all in) 1300 daycare 200 housekeeper cars and student loans paid off maxing out 401Ks no other debt |
Anonymous
| I would love for people to list how much they put into their kids' 529 accounts each month as well. According to the saving for college websites I think we should be saving 600$ a month for each kid, and we just can't hack that with mortgage, daycare, student loan payments, etc. we are only putting away 100-200 ea month and are wondering if we are getting hopelessly behind. |
Anonymous
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Gross HHI=170K
Monthly Mortgage Pmt=$2300 (we only have seven years to go) No daycare (school-age kids and spouse is a teacher) We put $700 for each of our two kids in a 529 each month and save $1,000 in a money market for long-term goals/rainy day issues etc. |
Anonymous
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Just over 300K combined income.
$4000+ monthly mortgage w/ taxes, etc. (Yes, we put down only about 5%--stupid to have no savings at the time.) Nanny Small car payments (we drive Toyota Corollas -- not status cars by any stretch) A zillion monthly "entertainment" payments (Zune, satellite TV, other garbage I would be happy to get rid of) We live in a more-dangerous-than-I'd-like neighborhood in the district. I'll be happy when we get out. |
Anonymous
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PP here - we max out 401k's as well and have no other debt.
I drive a 15yo car and my spouse an 11yo car. No plans to buy another car anytime soon. |
Anonymous
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310K gross income
3,300 mortgage (includes taxes, insurance) 500 x 2 college for kids 1700 daycare ( 3 & 4 yo) max out retirement - both cars paid off no credit card debt |