Reply to Dual income families, what is your HHI?

Forum Index » Money and Finances

Reply to "Dual income families, what is your HHI?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I'm not usually into this...but with number 2 on the way...I'm scratching my head at everyone's numbers...

DH: 130K-gov't
Me: 50K PT Non profit

Childcare: PT in home daycare 700/month
Mortage: 1300(bought TH WAY before the boom)

Maybe we're aggressive savers...granted we still have one car payment out there...but I'm trying to figure out how we're going to comfortably afford a second in PT daycare and purchase the single family home we want in a few years.

At 180K HHI, hopefully way more when I go back full time...I just don't see taking on a mortage over 3K.  Am I crazy?[/quote]

We make around the same (I posted a few posts before you). Technically mortgage calculators say we can afford a 3K mortgage but they also don't take into account the fact that we give 20% to retirement. Regardless, I think this also depends on your level of risk. I have ZERO desire to have a 3K mortgage becuase I want something that I know we can afford if one of us loses our job for any reason. For us, that is 2500 max (about what we currently pay in rent). I personally would rather just buy a small less desirable house (and eventually make it nicer) or just tough it out and keep saving. [/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