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Reply to "Why a 300-400k salary doesn't feel rich"
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[quote=Anonymous]HHI is 350k we take home (after 401k taxes health insurance etc) a little over 16,000 a month.... We're looking at houses - 800k 7% interest and 10% down and payments will be 6000+mo That's 37.5% of our take home . Add in daycare 1500-2000mo x2 kids =3-4k mo That's 10k a month and we haven't even gotten into groceries, gas, car payments, student loans and heaven forbid a vacation once in awhile..... Not to mention an 800k house here is a lower middle class house in the majority of the rest of the US. So no I don't feel rich, or well off...[/quote]
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