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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM[/quote]

Where do you live and how much is your mortgage payment? Here's a rough estimate of cost breakdowns for a family of two:

$250,000 Gross Income 
401(k) Deferral– $24,500
All Taxes (~23.7%)– $59,170
Net Take-Home Pay~$166,330
Annual Mortgage Payment (Assume a $600k mortgage @ 6.25%) -  $44,328
Annual College Savings (2 kids)– $30,000

Remaining Cash Flow~$92,002/yr (this would have to cover cars, food, ECs, cleaning lady, vacations, utilities, cell phones, insurance, cable, entertainment, eating out).  I couldn't do it, but admittedly, my kids are in expensive sports, and I like some creature comforts, like getting my hair professionally colored and cut, and going to pilates.  [/quote]

Don’t stop there! I’d LOVE to see where your 92k after housing and savings goes.  Are you getting your hair colored with actual gold?[/quote]

It’s so easy to spend money.  We make more than that and spend 60k for 2 kids in private school 10k per kid for summer camp … I could go on.

PP said her kids do travel sports - depending on the sport that’s easily over 20k, multiply that by number of kids an you can be broke even sending them to public school.[/quote]

I have three kids in travel sports and we don’t spend that much.

I agree, it’s incredibly easy to spend money, but it’s also incredibly unnecessary to *waste* money the way some of you do…[/quote]

Exactly. Imagine spending 20k per child on freaking [I]travel sports[/I] and thus concluding that you cannot possibly live on 250k a year.

This is not impressive or intelligent. Nor is rejecting an otherwise great potential partner because you don't feel they make enough for all three of your hypothetical future children to do travel lacrosse. This would be stupid.[/quote]

People are latching on to travel sports like it's the only difference between a $250k and $500k lifestyle.  Travel sports are clearly a trigger around here.  [/quote]

Travel sports make sense as a "trigger" in this conversation because it's one of the best examples of a parenting expense with terrible ROI. Especially if you're doing the kind of travel sport that costs 20k/yr.

Sports are a terrific extra curricular for kids -- a way to learn dedication, perseverance, teamwork, sportsmanship, and humility while also getting exercise. But you get all that whether you spend 2k/yr or 20k/yr. If you are spending 20k/yr, what is it for? Often the extra money is going to feed a delusion of their kid getting a full ride scholarship (rare, and does not actually require a 20k/yr investment for most sports) or worse, playing professionally (a statistical anomaly, it's so rare).

Your kids can do sports competitively without spending 20k per year. In fact, if you are spending that much on a sport, you are in one of two categories: (1) you have a future pro on your hands, I wish them luck in the WTA or MLS or the NFL or whatever, or (2) you're a sucker. Look up statistics on what percent of young athletes go pro to figure out the likelihood that you are in category (1) versus category (2).[/quote]

Use college instead of travel sports.  If you went to Princeton and want to send your kids to Princeton, you can't date people who think only dumb people send their kids to schools that cost $90k per year.  PP is not your person.   The biggest takeaway, more than a number like $250k per year, is to date people whose values, goals, and priorities align with your own.  [/quote]

Why do you insist in conflating your (obviously) unimpressive 90K per year school with Princeton? Seriously, it just makes you sound desperate and dumb.[/quote]

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