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Reply to "How much house can we afford?"
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[quote=Anonymous][quote=Anonymous]We have about 30k 401k savings No worries about selling our house as is with limited cost, it’s an intense sellers market where we live in a desirable school district. We have a 20k bonus coming in May that would bump up down payment. [/quote] One of the things we did was to plow most of our bonuses into the kids colleges funds. It really helped fund them and it did not take away from our monthly budget. If you get $20k a year (assuming this is post tax), it should go a fair way towards college for them- but splitting it 4 ways means you may have to supplement. We only had two, so it was easier. With your income they will not receive any financial aid and the minimal non-subsidized loans will not be enough even for in state schools. [/quote]
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