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Reply to "If your HHI is around $150k and you have 1-2 kids...."
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[quote=Anonymous][quote=Anonymous]We're at $160k. This income is fine if you don't have to pay for daycare for the kids. If you do, that's when it will feel tight- and understandably so at $2500-$3000 a month! Here's our budget: Rent (we own in another state, but renter covers that mortgage): $2300 Private school for oldest: $650 Car insurance: $140 Cable/Internet/Smartphones: $350 Gas: $60 Power: $100 Preschool for youngest: $280 Water: $40 Groceries: $500 Eating out: $500 Think that's everything. We net $8100 a month (after health insurance, 401k, etc) and bills are around $5000 or so, which leaves 3k of wiggle room for savings, entertainment, things like that. I feel quite comfortable at this income level but fully recognize if the $160k were from two parents working and we had 2 kids in daycare my 3k surplus would be gone and it would feel TIGHT. [/quote] PP, where do you live? [/quote]
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