Reply to Afford $1.8M on 300K?

Forum Index » Real Estate

Reply to "Afford $1.8M on 300K?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Someone explain the math to me how OP is having $6k leftover on her current budget.

By my rough math, $300k is about $13k/month take home after maxing 2 401k’s, HSA, and 529s, and taxes. Take out $3500 for her current PITI, gets her to $9500. For her to save $6k/month she is only spending $3500/month. This includes all utilities, internet and cellphones. Home maintenance, food, dining out, kids activities, gifts, travel, and saving for buying cars with cash since OP says she doesn’t have car payments.

It’s just not adding up to me. We make a similar income and don’t live a fancy life and have at best a couple thousand left over, not $6k! I’d love to know the secret because I’m not seeing it. [/quote]

Same here!

I think she’s missing a ton of regular expenses- where’s the line item for health insurance, life insurance, camps, sports, vacations, clothes, date nights, car repairs, home repairs, furniture/home stuff, etc?

We make $290K and after maxing 401k, TSP, FSA, dependent care FSA and all our taxes and insurance deductions, we bring home around $11k/mo.  Our housing expenses are $3000 and only recently have I felt like we have disposable money to buy a new car.[/quote]

Same. Nice to see these normals posts for a change. [/quote]also, don’t forget hair appointments.  Highlights, blow outs, hair cuts, manicures, pedicures, parking costs at work, transportation costs, childcare, even with a decent paycheck, there’s not much left…[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics