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Reply to "What's the minimum level of monthly income minus mortgage you'd feel comfortable with?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Being frugal but comfortable: 5,100 public school, one kid. (7,600 private school, one kid.) Aftercare, summer camps - 650 Extra curriculars - 325 Food and household supplies, clothing - 2,500 Phone and internet - 240 Car insurance - 100 Utilities/garbage - 275 Savings/college - 1,000 (Tuition if private - 2,500) [/quote] Thanks for the detailed breakdown! This is a very different budget than I'd see for myself under the same circumstances (absolutely nothing wrong with that), very useful to see how different folks structure their finances.[/quote] Then why don't you list out your projected budget, and we'll tell you if your assumptions are realistic. Then you'll know how much money you need, add your mortgage, and you'll know what your take home needs to be. Then you can add in healthcare/retirement and other pre-tax costs, estimate income taxes, and reverse engineer what your salary needs to be.[/quote]
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