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[quote=Anonymous]We make much less than $400K (closer to $250K), and we have three kids. We live fine, and would only need slightly more income to have a fourth. The main budget busters are mortgage, child care/private school, college savings, student loan payments, and activities/vacations. A family could need anywhere from $100K to $1 million a year depending on what you "need" to live well. We live in a close in area with strong public schools (older home, purchased after the market drop). We have two in daycare, but use DoD centers so it's only $1200/month total. We have two prepaid college funds (and a 529) and are fine with public college for our kids. Students loans are being forgiven by the public loan forgiveness repayment program. We don't do a lot of international travel, though kids do private music lessons, travel sports, and academic tutors. This is doable on $250K/year. [/quote]
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