High PITI (5k+) only, what are your stats?

[Anonymous]

Anonymous wrote:HHI: $850k before bonuses or carried interest
PITI: ~ $6000
Three kids in private.
Helping out in laws.
We have plenty saved but we're not liquid, and we run our checking account down to almost zero every month. It is quite stressful for me, the lower earner. In a perfect world I'd sell our home and an investment home and buy something more modest with the cash and have no mortgage, but spouse would never go for that.

There is no greater feeling that having ample liquidity.

[Anonymous]

Anonymous wrote:HHI: $850k before bonuses or carried interest
PITI: ~ $6000
Three kids in private.
Helping out in laws.
We have plenty saved but we're not liquid, and we run our checking account down to almost zero every month. It is quite stressful for me, the lower earner. In a perfect world I'd sell our home and an investment home and buy something more modest with the cash and have no mortgage, but spouse would never go for that.

What are these illiquid savings?

[Anonymous]

Anonymous wrote:HHI: $850k before bonuses or carried interest
PITI: ~ $6000
Three kids in private.
Helping out in laws.
We have plenty saved but we're not liquid, and we run our checking account down to almost zero every month. It is quite stressful for me, the lower earner. In a perfect world I'd sell our home and an investment home and buy something more modest with the cash and have no mortgage, but spouse would never go for that.

Your problem isn't your house it's your private school tuition.

[Anonymous]

Anonymous wrote:

Anonymous wrote:HHI: $850k before bonuses or carried interest
PITI: ~ $6000
Three kids in private.
Helping out in laws.
We have plenty saved but we're not liquid, and we run our checking account down to almost zero every month. It is quite stressful for me, the lower earner. In a perfect world I'd sell our home and an investment home and buy something more modest with the cash and have no mortgage, but spouse would never go for that.

Your problem isn't your house it's your private school tuition.

+1. Your kids tuition bills are probably more than double your PITI.

[Anonymous]

We make 425k with 2 same age kids and our PITI is 4300. We feel totally comfortable and not stretched. We won’t be paying for private school since our public schools are excellent so things might be different if we were planning on private school for two kids.