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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't think you're necessarily in bad shape although you haven't shared any numbers with us.  If he's making $300K per year and he takes a 33% paycut to work fewer hours and you're still pulling in $200K per year you should be in good shape since you have no daycare expenses and you have no mortgage.  I mean, let's say he took out a ton of student loans and had $300K or $400K in loans (are they even that high?).  Your loan payment is basically what other people pay for a mortgage payment.

Work might bother him less if he's working more reasonable hours.  [/quote]

He doesn't make quite that much - if he went part-time, he'd be making around $100-120k. We live in a modest home ($400k) so that keeps our expenses down, and could possibly downsize further if we really had to.  Student loan debt is at $150k. Public schools, no daycare, just preschool, one activity per child, and a few camps in the summer.  We'll definitely need to cut out the summer camps.[/quote]

How many years until your other child is in kindergarten?  Seems like once your other child is in school and you go back to work (presumably making at least $50K right?) if he reduced his hours you would have a combined HHI of around $160K.  At that point you would have expenses for after school care X 2 so if you were in FFX CO. that would be $1,200 total ($600 each if you did before and after or $400 each if you only did aftercare) plus costs for summer camps.  Assuming your other spending is reasonable you guys would be in pretty decent shape.  Also, while $150K is a lot of student loans its really not that bad especially if you spread it out over a 20-25 year repayment period.[/quote]

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