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General Parenting Discussion
Reply to "Is anyone reason for not having more kids $$$?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We want a third but since the eldest is already in private school I don’t know how we could do it. HHI of 700k but unlike PP we don’t take luxury vacations or have luxury cars. [/quote] :shock: then what on earth do you do with all your money? [/quote] Both in biglaw. Both still have student loans ($60k/yr). Need lots of childcare to cover all the hours necessary to stay in biglaw ($90k). Plus, as mentioned, private school tuition ($40k). PITI ($45k). Boring older cars but not paid off ($10k). Not much by way of tax loopholes so obviously pay huge federal, state, and county bills. Contribute federal max to retirement and save for college. Before anyone jumps in with “no sympathy” not looking for any! But another kids’ tuition is pretax like what, $70k in earnings? [/quote]
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