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Infants, Toddlers, & Preschoolers
savings once you have a child
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Anonymous
| To 10:15 - would you mind telling me your gross earnings? I think your savings is admirable. |
Anonymous
| 10:15 here. Our gross last year was just around $200k combined - since our raises come later in the year, I don't know the exact amount. But, since we are not married, it is my impression that we pay less taxes than a married couple, though I could be wrong. |
Anonymous
| We put away about $40,000 per year for retirement. Our emergency fund is $100k. DD was just born three months ago, so we have to start saving for college. |
Anonymous
| Thanks 10:15. Will you marry me? |
Meconbear
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| DH maxes out on his 401K and I either max out or put in 12-13K. We also try to put in an additional 20-25K into index funds. That said, the rest of my paycheck goes to the nanny, preschool, and the housekeeper....I'm one of the those gals who works part-time to keep sane, keep the family savings up and keep my toes in the professional arena. |
Anonymous
| We max out 401(k) (employer does not match); $1K per month for college, and $3K per month in additional savings. The rest goes to living life. |
Anonymous
|
Is it just me or are many of these posts way off what you do? We have two preschoolers and live on one salary ($130k). The most we do is max out my husband's 401k, some toward college funds and have a $15k savings cushion.
However I feel like we could and should do better. Any advice or thoughts from families making $150k or less? |
Anonymous
|
Sure. I make about 90K, my hubby is a grad student.
Combined retirement: 80K (5K his, 75K mine) College funds: 2K (We need to work on this! DC is 4 now.) Savings Cushion: 0 Equity in our home: 150K Student loans: A lot! Realistically, we can't save a lot now with only one income, but hope to be able to build up the 529 later, once he is working. But... once he starts working, he will also have to start paying student loans, so it may be that our dc will have to depend some on financial aid, as much as we wish that wasn't the case. |