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

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[quote=Anonymous]Interestingly, I had more financial freedom when I was making a bit under 60k a year and living on my own in DC and renting than now, when we make just about 250k but have children and bought a decent but not great house in decent school district.

Me in 2006:

rent 1200 (and no repairs)
transportation-- free (subsidized metro, no car)
health insurance 100/mo
groceries, cvs, etc 250 mo (just me)
gym 75/mo
utilities plus cell phone 150/mo
travel 75 mo (spread out, 2 trips a year at about 350/ticket, mostly to go see family)

TOTAL= about 1850/mo. My take home, after maxing retirement, was 2550/month, leaving 700 month for going out, saving, clothes, haircut,  etc.

Me in 2016:
mortgage PITI 3800
health insurance 400
transportation 450 (gas and insurance and car payments
groceries 600 (easily!)
gym 150 (2 adults)
utilities 450
cell phone 120 (2 smart phones)
travel 500/mo (2 trips, family of 4)
childcare 2400/mo
college savings 1600/.month (not even projected to cover 4 years for 2 kids)

total: just about 10.5. take home after after retirement, 11.5k; 1k a month 'extra'  for a family of four is less than 700$ for a single person (not including inflation adjustment)
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