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Money and Finances
Reply to "If you make 500-600k range and are married with kids"
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[quote=Anonymous]We've averaged $500k-$600k over the last 17 years with two and now one income. Currently, with 3 teenagers, and a declining income (just under $400k for the first time in many years), we spend about as much as we make. I think of things more on a yearly basis. Private Schools/college 100,000+ per year but college is entirely funded out of a 529 plan. PITI: $36,000 Visa Bill: $100,000 per year paid off in full. Everything possible goes on the Visa. Utilities/Cell phones: $10,000 a year Club: $12,000 per year Charitable Giving: $20-25k per year Landscaping & Cleaning: $12,000 per year Car insurance for four cars, life insurance, umbrella insurance $6,000k Those are the biggest items. Net worth is in the $7 million range but it is very odd from going from savers to spenders. As soon as the kids are through school, we'll right our ship again but we aren't going to change the biggest obvious luxury (schools) with kids in late high school/college. [/quote]
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