Reply to Am I crazy to worry? Is my hope that expenses drop when the kids hit school a pipedream?

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Reply to "Am I crazy to worry? Is my hope that expenses drop when the kids hit school a pipedream?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't know how I stress about money, and I'm sure I'll get some flack here... But am looking for guidance on whether I'm insane or if my doubts have any validity. Basically, we make a decent income but our expenses seem so high I'm not sure we save enough, and I'm kind of hoping that this will improve when the kids hit school...Some parents seem to laugh at this suggestion...???

Question for other parents: will my expenses really go down once our kids are school age? (we plan public).... What do you do? 
Right now we pay 3,800 a month for nanny plus some play based programs. My hope is that we can cut that in half or better once we only need a nanny for a few hours a day (as opposed to 10+ a day)...

Is this an unreasonable hope?

(My goal is a net worth increase of $100k a year. This year we hit 78k. Without the absurd nanny costs, I'd have crossed the mark)

We live pretty frugally otherwise... two cars paid off, I max my 401k, as does my wife, we save about $1,200 a month into an emergency oh-shit-the-kids-took-a-hammer-to-the-couch fund. I've cut cable, cut cell phone, say yes to any business trip offered (miles, free food, etc), we don't touch annual bonuses, I game the hell out of offers when they get high enough (ie British airways offered round trip business class tickets for 2 to south America last year, for what amounted to $95 plus taxes), we only travel to family vacation homes, or use Starwood points, etc, and yet it feels like its not enough.

Requisite statement: yes I know I'm well off compared to many people, but still feel pressure to save.

Age: early 30s
HHI: 260k ish 
Mortgage: 350 on 900k, rest equity
Retirement funds: 500k ish
[/quote]

Is your HHI gross or net (take home after taxes and everything else?

In general - when asked for HHI on this forum, is it take home HHI that is being asked?[/quote]

Gross. Most people I think list gross.... [/quote]

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