Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Just bought an $800,000 house on a $186,000 salary and now I'm panicking...."
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is your income after a 401k contribution, and if so how much? And how much emergency fund do you have? And are any of your kids in paid child care or private school?[/quote] OP again - yes, income is after 401k contributions (we each contribute 5%, and get a 5% match), and DW is a fed who will qualify for a pension. We are done with paid child care, kids are in public school,[b] and will attend in-state public college[/b].[/quote] do they know this? [/quote] They can tell their children that they will pay for the equivalent of in-state public college. Kids can then make the decision if they would like to pay for / take loans out for any remaining tuition as a result of making a different choice. I have a similar agreement with my children. [/quote] I bet you haven’t had to cross that bridge yet. It’s not that easy. It’s not that simple.[/quote] Um, I have a senior in high school and a senior in college. It is actually that simple. [/quote] +1. I have two kids in college. I told them they were not going to private school. We visited only public schools. They understood and went to public schools. They are fine, and if they somehow felt entitled to attend an expensive privates school I would think I raised them wrong.[/quote] My mom did the same thing with me. Told me there were more than a dozen state schools and she was sure I could find one that I liked. My spouse and I both have public university degrees, made good money, and have a very nice life. I would only entertain private if my child could get scholarship or aid to get the cost down to comparable to public. I think DCUM forgets that, outside the NE corridor, public universities are not considered some sort of shameful failure. Not everyone needs to wealth signal that they can afford Ivies and SLACs or is gunning for BigLaw, Big4, or Wall Street, it's just that that population is disproportionately represented here.[/quote] Honestly, UVA and UMD are both fantastic schools. [/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