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Reply to "Reasonable income for family of 4"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I feel like 125k is a lot for a family of 4[/quote] your feelings may not align with reality.[/quote] This entirely depends on whether you already own a home and/or need to pay for childcare. [/quote] +1. I think it really depends whether you are standing in the batters box or if you are starting on 2nd or 3rd base on your wedding day. It's easier for a family of four with a HHI of $125k if they already have a couple hundred thousand of home equity and six figures of other savings and have local family to provide childcare, like some folks I know (sometimes the money is from family, sometimes from lucrative jobs in their 20s). It will be harder doing on the same family income for when you've been renting (no equity), have retirement savings of in the low five figures, might still be working off some student/car loans and will have to pay for childcare. That said, most families aren't making the big bucks and manage anyway.[/quote]
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