Reply to How does your family survive making under 200k hhi

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They either rent or bought 10+ years ago, or live in an area with bad schools.

Mom stays at home, or grandma watches the kids, or they use a really cheap in-home daycare.

They never eat out.

They never go on vacations.[/quote]

We are 35. We bought in 2009 (700k) in a great school district (HS in top 5 in VA). We have a 3800/month nanny. Make almost exactly 200k now, made substantially less 3 years ago. We max our 401k, IRAs, and save for college.  Now, we vacation inexpensively, we drive paid off cars, did not have student loans, and we mostly eat at home. We have a net worth of almost 800k. You can live very well on 200k in this area. You can't live like the kardashians, but few can. Seems like many have a twisted sense of what "average" and "middle class" are. Take a couple minutes and see where your money goes. Evaluate wants vs needs, decide what is important to you, but don't complain and poor mouth when you are in the top 3-5% of incomes. It's just rude.

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You make $200,000 HHI.  Most other people do not, so they cannot pay 700K for a house, have a $3800/month nanny, etc.  [/quote]

It depends where you live, on the census map certain zip codes have median income of 200K. Those same zip codes are the good schools with acceptable commutes. In those zip codes 700k is barely above a teardown and may be in fact a small fixer upper house. With two parents working daycare is also very expensive unless you do something that is substandard. Daycare costs about 1500-1800 a child.[/quote]

+1million -- I get so frustrated by family living in low cost areas who think we are "rich" because our income is around OP's range.  Do you people not live in school districts where the PTA fundraiser is at expensive Potomac Pizza? Do your kids not ask to go to the movies? C'mon...there are all kinds of day to day expenses that most would consider normal, middle class life, and yet I think it is very tough to live in NW DC/close-in burbs with a family of four if you're not making...I don't know, cuz we're not making it... $300,000 at least?   Like OP, we make just south of $200K but in addition to that we have medical expense of at least $1K a month.   It is hard and our kid thinks we're "poor" because of his warped perception...I complain about the movies, expensive fundraisers, etc...how do people do it?? [/quote]

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