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Reply to "Budget Frustration"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How do you only bring home $6,200 a month of $150k salary? I make $124,000 and my take-home is around $3,500 each paycheck after paying the full amount to 401k. Do you have super expensive insurance coming out of your paycheck or something?[/quote] Same. I make $150k and take home $6,934/month after maxing 401k and paying for our family's healthcare. However, I'm guessing OP may have higher healthcare costs?[/quote] Hmm, I just pulled down my bank statement. I suspect I have the higher withholding to make up for spouses higher salary (I do the taxes and I know one year we had a penalty). We max our 401k of course too and I pay the FSA for medicine and daycare. I suspect that will explain, and means that hopefully it will bump up to $6900 at some point. Healthcare is very normal, thankfully[/quote] If you're withholding FSA for daycare, then aren't you double counting that expense (subtracted out of take home [u]and[/u] counted as an expense)? [/quote]
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