Family budget if your HHI is around 375k

[Anonymous]

Anonymous wrote:For all the talk about budgeting, what kills us is our fixed costs. 13k net a month after retirement, taxes and healthcare. Of course it's affluent, even in DC metro.

But it's the housing and child care that smashes you. If you work in DC and choose to live there or close in, it's a double whammy with high housing cost and absurd child care fees.

We also made the poor choice of buying into a subpar school district so child care costs are soon turning into private school tuition. Envying my friends on the cusp of entering their kids into good public schools and freeing themselves of the child care expenses!

Um, last I checked your housing is in large part a CHOICE, especially when one makes the kind of money you do. Maybe you should move out of your McMansion and try "slumming" in the 2500 square feet category. That should be quite affordable on $13k take-home, even in the best school districts.

And cry me a river about your subpar school district "forcing" you to turn to private schools.

I have to agree with the PPs. This discussion is nauseating. Apparently there is no correlation between income and intelligence.

Get a grip.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I can't fathom how we can make so much and still end up with so little at the end of the month. I need to get organized with a family budget and stick to it. Any examples of budget (family of 4 both working OH with 3 yo and 4.5 yo and $4,500 mortgage) or words of wisdom would be welcome.

We net about $14K/month after taxes and 401. It is tight around here, but we look something like this:

2,800 Mortgage (include PITI)
1,800 Childcare and tutor
1,200 Student loans
300 Insurance (life, health, disability, car, personal property)
25 Charitable contributions
2,400 Savings/529s/other investments
500 car
800 utilities/yard/cell phones
500 gym/kid activities

This adds up to about $11.5K Only $2.5K left for vacations, shopping, and home/auto repairs. Our savings, investments, and home equity are growing slowly but surely, but the money just seems to go so fast

Wow, you make $14,000 AFTER taxes and you only donate $25 to charity? Wow.

Since when is it a requirement to donate to charity? We don't donate.

I don't donate to charity either. But the reason I don't donate is because all the charity orgs are frauds. Very little of our donations would actually end up with those who need them.

You are pathetic and cluelessly selfish if you can't even do basic homework to find charities who spend minimally on overhead & admin, and maximize getting money to the cause.

Really offensive & ignorant.

[Anonymous]

Paying high taxes is charity

[Anonymous]

hi everyone,

honest question : What kind of work / profession do you do to earn 200K +a year ??

not judging anyone here...just seeking help for better career choice.

thank you,

[Anonymous]

Stop complaining and just make $41/hour. That's what I would do

[Anonymous]

This isn't Urban, it's bullshit. Most of America is two paychecks away from losing their home and you all are complaining? We don't get to put money into savings account, we don't get to pay for childcare, we don't get to pay for auto repairs and you guys are uncomfortable with how much you make? You guys are greedy and should be happy to live such a comfortable lifestyle.

[Anonymous]

Anonymous wrote:This isn't Urban, it's bullshit. Most of America is two paychecks away from losing their home and you all are complaining? We don't get to put money into savings account, we don't get to pay for childcare, we don't get to pay for auto repairs and you guys are uncomfortable with how much you make? You guys are greedy and should be happy to live such a comfortable lifestyle.

I like you.

[Anonymous]

Redditors ! please stop insulting them...

i need career advice !! how do u make 200 to 400 k + a year ?????????????

[Anonymous]

Anonymous wrote:Paying high taxes is charity

paying what you owe is the price of a civilized society.

[Anonymous]

Anonymous wrote:Paying high taxes is charity

clueless twit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Paying high taxes is charity

paying what you owe is the price of a civilized society.

I am sure the people who pay zero feel the same way

[Anonymous]

Anonymous wrote:hi everyone,

honest question : What kind of work / profession do you do to earn 200K +a year ??

not judging anyone here...just seeking help for better career choice.

thank you,

I do strategy and analysis. Get a top tier MBA.

I make $200k, probably $300k within 5 years. I'm not paid very much compared to my friends, but I like the work.

[Anonymous]

http://www.reddit.com/r/washingtondc/comments/1hk8f0/dcurbanmomcom_forum_where_urban_moms_and_dads_go/

Hah!

[Anonymous]

Anonymous wrote:

Anonymous wrote:For all the talk about budgeting, what kills us is our fixed costs. 13k net a month after retirement, taxes and healthcare. Of course it's affluent, even in DC metro.

But it's the housing and child care that smashes you. If you work in DC and choose to live there or close in, it's a double whammy with high housing cost and absurd child care fees.

We also made the poor choice of buying into a subpar school district so child care costs are soon turning into private school tuition. Envying my friends on the cusp of entering their kids into good public schools and freeing themselves of the child care expenses!

Um, last I checked your housing is in large part a CHOICE, especially when one makes the kind of money you do. Maybe you should move out of your McMansion and try "slumming" in the 2500 square feet category. That should be quite affordable on $13k take-home, even in the best school districts.

And cry me a river about your subpar school district "forcing" you to turn to private schools.I have to agree with the PPs. This discussion is nauseating. Apparently there is no correlation between income and intelligence.

Get a grip.

This person clearly has never been to DC. Newsflash, interloper: a $750k home in many neighborhoods in NW DC is a depressing, 1100 square foot box. And yes, the public schools in many of the neighborhoods with these homes are shitty. Don't forget you'll also need to pay for before and after care for your kiddos.

[Anonymous]

please more career suggestions for high income !!!