Reply to We make $260k combined….why do I feel like we have no money?

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Reply to "We make $260k combined….why do I feel like we have no money?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]exactly -- this is PP, its 26% of our take home and we can afford it.. what we cannot afford ( comfortably) is the childcare payment on top of that... but we knew that would be temporary.

you guys all realize that a 3600 mortgage is only a 650k house with 20% down these days right? The days of people getting lower mortgages is long gone.... [/quote]
The 28% rule of thumb assumes that you don't have any extraordinary expenses.  When you add the healthcare and daycare expenses for SN kids, this rule of thumb no longer applies.  The truth is that therapy and healthcare expenses may not go down for SN kids, either.  The daycare expenses may never either go away - you may end up swapping a nanny for specialized summer camps or private schools.  I think OP will end up fine, but she probably would have had a bit more breathing room (and room in the budget for additional unforeseen circumstances like job loss or illness) if she had spent ~100k less on housing .[/quote]

Right- but I'm guessing they did not have a SN child when they bought the house.  You never know what curveballs life will throw at you.[/quote]

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