Reply to I Live Comfortably on Less than $70K After-Tax in DC Area

Forum Index » Money and Finances

Reply to "I Live Comfortably on Less than $70K After-Tax in DC Area"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]The people screaming "YOU"D BE POOR IF YOU HAD KIDS!" are still wrong. The median HHI in DC is 75k, which by definition includes 2 children. Once again, [b]it's really just a question of most people on this forum not wanting to live the way most people are actually living in the area[/b].[/quote]

I agree with this (OMG it's a sh*tshack!  Tear it down and rebuild a McMansion".

However I will say that in addition to daycare expenses, kids are expensive in many other ways.  I pay for life insurance on myself FBO my kids, college savings plans for both, increase those medical premiums, never mind out of network services such as mental health, braces (costs after insurance), vacations have to be multiplied by x number of people, you try to get housing in a good school district (my property taxes alone went up $100 a month this year), which is more expensive, never mind clothes, shoes and food which are not free.

Example, my kids rarely get to see my relatives who live far away.  I spent about $2000 this summer transporting them back and forth (and I have to go with them) to Grandma's house.  All this after tax.  I'll tell you OP, it adds  up.  Now is visiting Grandma a necessity?  Clearly not. But it's important.

Additionally now I am incurring expenses to visit my other aging parent who is ill.  I'll fly there between 3 and 5 times this summer, plus car rental.

I'm just saying while I admire your budget, it doesn't reflect life with kids and/or parents in need.  [/quote]
Thanks. I guess my point is that when people keep saying that people earning $80k are poor, they are lumping in single people with families. Honestly, $80k in the suburbs, for a single person, is really quite comfortable. [/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