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Reply to "PITI of 4500"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Our HHI is $360K and our PITI is $6700. No issues and we are able to save $3k a month after all expenses including 2 kids with 529 plans. [/quote] So you bring home around 16k a month and almost 7k is your mortgage you say you save 3k. So this leaves 6k, including 529s. How? I assume you don’t have childcare costs? 16k total 7k - mortgage 3k - savings 2k - guessing 529s 4K - to live off of (bills, cars etc). [/quote] Correct, no child care costs. Both kids are in elementary school. $1k towards 529 and $3K-$4k for bills. We also max out our 401ks. Out PITI of $6700 includes an additional payment of $1k towards principal. No car payments [/quote]
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