Reply to Afford $1.8M on 300K?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Someone explain the math to me how OP is having $6k leftover on her current budget.

By my rough math, $300k is about $13k/month take home after maxing 2 401k’s, HSA, and 529s, and taxes. Take out $3500 for her current PITI, gets her to $9500. For her to save $6k/month she is only spending $3500/month. This includes all utilities, internet and cellphones. Home maintenance, food, dining out, kids activities, gifts, travel, and saving for buying cars with cash since OP says she doesn’t have car payments.

It’s just not adding up to me. We make a similar income and don’t live a fancy life and have at best a couple thousand left over, not $6k! I’d love to know the secret because I’m not seeing it. [/quote]

I'm not saying the OP's budget is easy, [b]but $3,500/month for all recurring expenses after mortgage doesn't sound impossible if they're relatively frugal.  That's $40,000/year.  Enough for $2,000/month in groceries, $1,000/month in utilities/internet/etc and $500/month for saving.  Maybe they don't travel or dine out much (hard with kids anyway)[/b].[/quote]

I could see how this could be possible as well, but I do wonder: if $3500/month for all recurring expenses after mortgage is enough for OP’s lifestyle, which it sounds is relatively frugal by DCUM standards, why the upgrade to a 4000 sq ft home?  I’ve always just assumed that people who are interested in larger homes are interested in them because they want things like a dedicated exercise room for their home gym equipment, a rec room/movie room, extra space to store decorations for every holiday, bigger closets, etc.  In other words, space for stuff.  If someone isn’t spending to acquire a lot of things, then do they really need space for a lot of things?  I’m confused! [/quote]

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