Reply to Shocked: Our bare-bones monthly cost of living is 5K after taxes! What's yours?

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[quote=Anonymous]Our gross combined annual income is $167,000.
We each contribute 4% to 401(k). I carry our med insurance for the fam (2 31 yr old adults, 2 kids). I also pay for supplemental disability insurance coverage.

Take home pay is right at $8,800 per month combined.

Mortgage plus pmi plus taxes = $1655 per month
House is 1400 sq ft in hyattsville/college park area (pg)
Purchased in 2003 with 0% down, had a grant for closing costs

Nanny = $1,400 per month (22 hours per week)

Groceries= $1,000 per month (organic, local when possible, all that jazz; we are vegetarian primarily but we eat some fish)

Cell= $110 per month

Internet plus cable = $60 per month

Travel budget = $500 per month

Clothes budget = $350 per month

And so on and so on....

Long story short, we ran all the numbers and scenarios. We know that our bare bones budget is less than a third of our normal operating budget. We could get by on $3,700 if we let our nanny go, switched to conventional produce, dropped all the extras like travel, new clothes, etc, but it would be painful.

We do not have student loan debts. Our cars are older (2003 and 2007) and they are paid off. We get metro subsidies from our employers. Spouse telecommutes 4 days out of five. I telecommute 2 days per week.[/quote]

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