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Reply to "If your HHI is around $150k and you have 1-2 kids...."
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[quote=Anonymous]195K HHI, 1 infant in daycare Automatically max out 401k at work = 35,000/yr After taxes, retirement, etc. We bring home around $120K/yr. (~10,000/mo) Daycare 1,100/mo Mortgage 2,500/mo Rental Property Mortgage 2000/mo Groceries/Eating Out 600/mo Child-related expenses 200/mo Pet Care & Other Misc Household Items 200/mo Gifts/Entertainment 200/mo Travel Sinking Fund 300/mo Internet 65/mo Cell phones 175/mo Lawn Service 100/mo Utilities: Gas/Water/Electric ~350/mo Vet plan 40/mo College Savings 200 /mo Other Savings= 1,000/mo Cars/Commuting (paid-off cars) 200/mo for Gas/repairs/oil change sinking fund Car/Jewelry Insurance 125/mo I have free metro subsidy from work, and walking distance to metro so there is no parking fee... we don't have cable and I'm sure there are some other things I left out... [/quote]
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