Reply to What's a decent household income to live in Bethesda?

Forum Index » Money and Finances

Reply to "What's a decent household income to live in Bethesda?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]We have a similar HHI, live in Kensington, and have a house mortgage for $720k.

We have two kids under 5, a full-time nanny, house cleaning twice a month and a yard service.  No car payments or student loans.

I feel like I'm living an absurdly privileged life and am well able to afford everything above while still taking vacations, funding 529s and putting LOTS of money in the bank.

I think you're doing something wrong OP.  If your numbers are right, and you currently have only one daycare cost, then you're saying you're netting somewhere around 7k a month AFTER all expenses.

THat's 84k a year for savings.  That is A LOT of money.  What on earth are you expecting??[/quote]

Wow, how much are you able to save each year?  Our HHI is around 330k and mortgage is 420k.  One kid in daycare.  I wasn't willing to pay much more than we did for a house (~600k) even on our income - although we are able to invest something like 90k a year, all-in. [/quote]

We both max out our 401ks at work annually, are shooting for 20k in the 529s annually, and have in the very low six figures saved in the bank currently.  We had to put almost 50k into the house in repairs/appliances/and closing in a porch last year so our savings weren't as significant last year as they will be this year or going forward.  But basically we can live very comfortably, without worrying about money, and easily put 50k beyond all other savings into the bank (or bonds, mutual funds, etc...) each year.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics