Reply to Budget to Transition to SAHP

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[quote=Anonymous]Ok, here's the scoop.  Right now we are two income family, but looking to have one parent stay home.   We are not high income earners (Fed) so this is not trivial.

Salary for working parent will be $104k and not much growth unless leave civil service.

Current mortgage is high $2772/month (TH in close in neighborhood with good schools), but back of envelope this is 1/3 gross salary so this *should* be possible.  But budget is not working.

Here's what we have, maybe it's medical issues is our biggest problem?

Gross $8600

Takehome (2/3 -- estimate after tax & 401k deduction) $5700
Mortgage $2700
Electricity $100
Mobile Phone $250 (In-laws + us)
Water/Seware $75
Gas $75
Life Ins $200
Auto Ins $100
Home Ins $100
Health Ins $400
Groceries $800
Vacation $200 (visiting family out of state)
Kids sports/Enrichment $200 (soccer, dance, piano)
Clothing/Gifts $200
Petro $300
Medical $500 (chronic health issue & treatment)

We are short about $600/month.

What are the numbers for other lower-income SAH families?  What numbers jump out here as too high?[/quote]

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