Reply to Family budget if your HHI is around 375k

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[quote=Anonymous][quote=Anonymous]Dear DCUM money-wise people:  I am hoping to revive an old thread.

Our HHI is approx $340,000 per year (taking home approx $15,000 per month after taxes, benefits, and 401(k) match).  We are in our mid-40's.  We are spending too much, and want to save more (outside of just the 401(k)s).  I welcome any and all constructive feedback.  We have an emergency fund for 6 months, and have saved a bit for retirement ($1 million combined in 401(ks)).  We have no investments other than our 401(k)s.  Thank you.

$3,000 Child care (part-time nanny) for 3 kids (ages 4, 11, 14)
$2,300 Mortgage  (remaining loan balance is $330,000)(House is worth $800,000)
$2,000 (Activities for kids – piano and instrumental lessons and sports teams like swim team, ballet, gymnastics) 
$1000 Food (we try not to eat out)
$800 Insurance (Auto for 2 cars, Term life insurance for 2 of us, disability insurance, worker’s comp for nanny, umbrella, personal articles, homeowner’s)
$600 sleepaway camps and other summer enrichment
$600 Weekly cleaning service
$600 Travel expenses (For vacation 2x year)
$400 (Home repairs and upkeep)
$400 (clothing, dry cleaning, haircuts)
$350 Orthodontic treatment for 2 kids
$350 Math tutoring for teenager who struggles with math
$300 Out of pocket medical and dental (non-ortho)
$300 Car payment
$300 Gifts
$250 Gas and car repairs (because one of our cars is old and seems to need repairs often)
$200 Entertainment
$200 Charitable contributions
$200 Pepco
$200 Storage Unit
$200 Comcast (internet, phone, cable)
$200 (AT&T cell phone service for 4 phones)
$150 Gym membership
$100 Water
$100 Gas
$    0 529s (We don't feel obliged to save for college right now because the grandparents have stretched to give each kid a 529 now worth about $250,000 each)

Thank you in advance for any constructive feedback.  I know we spend a lot of kids' activities, which seems like one to cut.  [/quote]

I often wonder...how is it possible that people that make so much money could be so utterly clueless? And on top of it...you are all rich....This world is doomed. Money is with the wrong people. Get a financial advisor. Your email makes me angry. And the many others.
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