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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM[/quote]

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income 
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) -  $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out).  I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.  [/quote]

Don’t stop there! I’d LOVE to see where your 92k after housing and savings goes.  Are you getting your hair colored with actual gold?[/quote]

Well, we go through this exercise pretty regularly, and we are over $92k on the extra expenses, and they include: 
- Vacations are typically $10k - even national park vacations cost that much between flights, rental car, and hotels. We like to take 2 vacations per year, so about $20k in vacation costs.  
- We have a kid with a learning disability who needs a tutor and therapies. 
- We have another kid who does an expensive sport.
- We typically meet our $6k insurance deductible between the athlete, the kid who needs therapy, and my spouse and me, just staying on top of our health. 
- Braces.
- We have life and and umbreall insurance policies. 
- Hobbies - spouse is a golfer.
- Plane tickets for my in-laws to visit us a couple of times a year. 
- I probably spend $3000 on vanity things like hair, skin care (IPL or laser treatments), a massage twice a year - nothing extravagant, but it adds up 
- The kids have hobbies, birthday parties, and summer camps.[/quote]

You spend 10k on a national park vacation? We've done several of these and the most we've ever spent was 5k when we did the Grand Canyon and that's largely because we tacked on a couple days at a resort in Scottsdale before flying home. I don't even understand what you're spending that money on? I mean granted, usually we can cover one or two flights for a vacation with points, but I feel like that's standard for UMC people -- all you have to do is get a points card and charge your groceries and other expenses to it. A rental car is maybe $500 for the week? Hotels around $250/night (we don't do super high end accommodations for a national park vacation). Then food. How are you hitting 10k?

What are you doing to "stay on top of your health" that requires you to spend $6k on non-covered activities? Is your health insurance crappy? I see three different specialists and do physical therapy and rarely spend more than a grand on healthcare because insurance covers most things.

I get a massage once a month, nice hair cuts three times a year, and buy good quality skin care. IPL and laser absolutely sounds extravagant and, I'm betting, doesn't make you look any better. Drink more water and wear hats when you're outside.[/quote]

We choose to make more money instead. If other people want to use a bottle of Clairol to cover their grays, fine.  The laser treatments for skin care are actually awesome.  I wouldn't want to live on $250k house hold income, but that's just me.  We also save a lot outside of retirement accounts and support one set of parents, which we also couldn't do on a $250k HHI.  Sounds like you're doing fine on it.  OP needs to assess how she wants to live and decide for herself. [/quote]

You wouldn’t want to because you’d have to do some math and that would strain your feeble brain.  You’re the epitome of “there’s a sucker born every minute”  :lol: [/quote]

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