Reply to Won the bid on a 900k house and now I feel sick

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It is doable if you cut costs on things like eating out and vacations. Our HHI is about 280k and we have a 900k mortgage, a full-time nanny, and about 700/month in student loan payments. We still manage to save about 2k/month. But we also brownbag our lunches, make good use of our CostCo membership, etc. Budgeting is key. [/quote]

Wow, can you list your monthly budget, net, etc? This is really, really impressive.

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A bit over 15k/month take home after taxes and 401k

4200 mortgage
4000 nanny (including taxes and breedlove fees)
1000 groceries
800 utilities (electric, cable, cell, water)
700 student loans
300 car gas/maintenance (we own our car outright so no loan)
500 kid's clothing/toys
500 our clothing
500 eating out (usually less than this)
750 misc costs (like car taxes, gifts, kid activities)

That leaves about 2k/month for savings. We put work bonuses, tax refunds and other one-time windfalls directly in savings. 
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