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Reply to "Dual income families, what is your HHI?"
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[quote=Anonymous][quote=Anonymous]Gross Me: 180K (public affairs/lawyer) DH: 80K (nurse) We live in No. Arlington. Mortgage is $4500/month. 2 kids under age of 3 in daycare = $2500/month. One car payment = $615/month. Student loans = $550/month. Stopped contributing to 401K after arrival of #2 but will probably resume again. We just spent the last year paying off $20k in outstanding credit card debt. But now DH is going to grad school at $8600/year. Will we ever get ahead? Seems ridiculous to be scraping by making over $260k. We are both around 40. Late bloomers. [/quote] Argh. If you bought during the bubble, you may have the big house payment with not much to show for it (but you were able to refi, I hope, to a new lower rate?). If you didn't buy during the bubble, you probably have an AMAZING house, so you do have that going for you! You should be proud of yourselves for paying down that CC debt -- that's the killer stuff. Sounds like, other than mortgage, your expenses are ok. The only thing I think I'd change (other than refinancing if you haven't already) is to get a less expensive car. Unless you're seen in it often (I'm not sure, maybe you are), you can get a good car for a [b]lot[/b] less than that -- it just won't be a luxury car.[/quote]
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