Reply to We make $260k combined….why do I feel like we have no money?

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Reply to "We make $260k combined….why do I feel like we have no money?"

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[quote=Anonymous][quote=Anonymous]
Net combined income (after insurance and taxes and retirement contributions): $11,000

Monthly Expenses:
Mortgage PITI: $3450
Childcare: $3500
Utilities: average $750 (electric, water, Internet)
Phone bills: $150
Insurance/gas/car maintenance: $400
Medication/Therapies/medical costs: $800
Food/toiletries: $1000

This leaves us with less than $900/month to cover things like home maintenance, car repairs, clothes, haircuts, travel, incidentals, kids activities, gifts, savings, and debt payments (we have no debt but mortgage and a 0% credit card that has $12k on it).

I’m so frustrated. I feel like we can’t afford so many things I want (a dog, a 2nd car, a vacation, a personal computer, a bike). We have nothing saved for college. We are way behind on retirement. We share one car.

We have 2 kids but one of them has significant special needs so our childcare/medical expenses are unlikely to drop dramatically for at least another 3-5 years.

Any tips or commiseration? [/quote]

You are living above your means and your child care and housing expenses are very high.  Same with your utilities.  We make far less than you and are comfortable but the big difference is child care and housing.  Our mortgage is $1500 less than yours.  Our therapy expenses were higher though.[/quote]

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