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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My husband makes $160k and I stay at home with two small kids. These threads always surprise me because at $160k we do pretty darn good! Rent a townhouse for $2300/month, aggressively paying off both cars so we spend $1000/month on that, $131/month insurance for both cars. $280/month for preschool, around $200/month for power and gas, $400 for cable/internet/cell phones. We have a house in another state but the mortgage is covered by a renter so we don't make money on that but we aren't in the red either (this year at least). In a normal 2 paycheck month we net around $8500 and very very rarely do we feel pinched unless a few major expenses come up at once (property taxes, new tires for cars, medical bills, things like that). I mean we aren't wealthy by any means but I feel we do much better than "survive."[/quote]

Part of why it is easier for  you is that you have $160k from a single earner; if you worked had had to pay for daycare (and commuting costs, etc), it would easily be another $2500/month out the door.

Also, while the $2300 rent on townhouse is reasonable now, if you tried to buy that townhouse you are probably looking at $3000 out of pocket. But you are now bearing the risk of rising rents and inflation in the DC area.[/quote]
+1[/quote]

Maybe when we have President Warren we'll have some changes happen...

http://www.motherjones.com/politics/2004/11/two-income-trap[/quote]

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