Reply to Life is Easy in NW DC on $300k, AMA

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Reply to "Life is Easy in NW DC on $300k, AMA"

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[quote=Anonymous][quote=Anonymous]I think that OP did a great job of ballparking it.  We are very similarly situated, a few years older, a slightly higher HHI, higher mortgage (bought earlier but major renovation), no childcare but a lot on kid activities/camp and season tickets (sports and theater).  We don't save quite as much outside retirement but we are on track for solid retirement savings plus fed pensions.  I say that all to respond to those nitpicking around the edges of the OP's numbers.  It is a nice life in upper NW DC,  I work hard and feel very lucky indeed.[/quote]

I was going to post the same thing.  We also are slightly older, with a slightly higher HHI, a higher mortgage (much to my chagrin, I'd do that differently if I could) and property taxes (Bethesda), and also with a LOT of kid activities (sports/music lessons/sleepaway camp ain't cheap!).  We also don't save as much outside of retirement accounts, and this thread is a good inspiration to look at the budget and reassess.

One thing I am always a little nonplussed by is the take home pay.  My monthly paycheck is based on an annual salary of $280,000, and my bi-monthly check is $5560, for a monthly take home of $11,120, which is considerably less that OP's (plus he gets two extra checks).  I have some additional withholdings for various tax purposes, but it doesn't seem enough make up the difference.

In any event, thanks, OP, for an informative thread.  [/quote]

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