Reply to What is the lifestyle difference of 400-500k/yr and 800-1M/yr

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Reply to "What is the lifestyle difference of 400-500k/yr and 800-1M/yr"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are currently at the 300k HHI and doubling that would honestly he amazing. We are "young", no kids yet as recently married, and bought our place when rates were high (and nothing fancy, TH quite a bit under $1m). Feels like we are living paycheck to paycheck and can't even imagine having kids yet due to the massive cost. Doubling that would very much make it possible for us not to worry about the cost of having kids (daycare, 529 savings, etc) [/quote]

Kids are expensive! Especially those early daycare years - it’s like paying college tuition for a 6 month old. [/quote]

Yeah exactly its crazy how expensive childcare in the DMV area is. Kids is the natural next step for us but like I said (and reason why we bought a place), but frankly not sure how we would be able to afford everything with our current income (its doable I am sure since people with less manage) but if it feels like living paycheck to paycheck now, I shudder to think what it will be like once have to spend 2500 a month on daycare alone (granted other costs will go down significantly, like date nights lol). Neither of us is from the US so our parents don't live here, so we can't rely on that for helping out with childcare. Thankfully both of us get fairly decent (by US standards) maternity and paternity leave (theoretically six months each but not 100% sure) so will very much have to rely on that, and of course hopefully our incomes going up a bit before kid is born, and mortgage rates falling a bit to help reduce our current cost of housing. But I should not be complaining tbh given everything (there are far more people in worse positions here in the US, not to mention where we are from originally), but tough not to stress about it sometimes. [/quote]

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