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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I've never understood it either OP.  We make $200K and have more money than we know what do with.[/quote]

This is so true. We have one kid and net annual salary is about $135,000 (this does not include about $35k a year in automatic retirement withholdings), so about $11,300 a month. This is so much more then we need to live comfortably that I don't bother budgeting for individual expenses, but as a general breakdown:

1. $3,300 a month mortgage/PITI.
2. [b]$600 a month childcare.[/b]
3. $3,000 a month for everything else. Basically, pretty much everything goes on the credit card, and the monthly bill averages to around $3,000 a month.

So that's $6,900 a month in expenses, I'll round that up to $7,000. That gives us about $4,300 a month extra, which I add to "the pile".[/quote]

Side eye at that[/quote]

So lets assume for some reason I am lying about that $600 and am really paying $2,000 a month for childcare for some super posh before/after care. That just reduces the amount going into the pile every month.[/quote]

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