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Money and Finances
Reply to "Families of five, making under 150k, share your budget"
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[quote=Anonymous]We are a family of 5 with a HHI of $150K and we are doing just fine. My partner has been SAH with the kids but will be looking for something part time in the fall since all three will be in school full time. The biggest thing is that we live in PG county and can afford at big house. We only have one car loan at a time and buy used cars not new. We look at consignments sales or get hand me downs for most of my kids clothing. We go to Payless for shoes for them and Target if we need any new clothing. My commute is only 5 miles each way so we don't need a lot money in the budget for gas. Fixed Monthly Costs: $1950 PITI $250 Car Loan $200 Car Insurance $200 Cable/Internet/Cell $400 Utilities $1000 Food $100 Auto Gas $300 529 (yes I know this isn't much but it's what we can do right now) It isn't fancy but it is doable for sure. [/quote]
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