Reply to How does your family survive making under 200k hhi

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My husband makes $160k and I stay at home with two small kids. These threads always surprise me because at $160k we do pretty darn good! Rent a townhouse for $2300/month, aggressively paying off both cars so we spend $1000/month on that, $131/month insurance for both cars. $280/month for preschool, around $200/month for power and gas, $400 for cable/internet/cell phones. We have a house in another state but the mortgage is covered by a renter so we don't make money on that but we aren't in the red either (this year at least). In a normal 2 paycheck month we net around $8500 and very very rarely do we feel pinched unless a few major expenses come up at once (property taxes, new tires for cars, medical bills, things like that). I mean we aren't wealthy by any means but I feel we do much better than "survive."[/quote]

You don't own, you don't save for college for the kids, and what are you doing for yourself as a SAHM for retirement?  Households with income totalling less than $200K, with kids, are almost always way short on house equity, retirement and college savings.  [/quote]

We do own, in another state, hence why we rent here. My DH works in Tyson's. We save for college (I didn't list ALL expenses... Notice I didn't list anything for food, clothing, savings in my OP), and max out 401k. When youngest is 3 I will go back to work and my entire salary will go in savings/retirement since we can live just fine on DH's salary.

Does this sound okay to you? [/quote]

Also I am only 29. [/quote]

Why haven't you sold and bought here to hedge housing price divergence?

Kudos to your husband for 160K at 29. What industry?[/quote]

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