Reply to Sole breadwinner 350k/yr

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes but then $175k of that $350k would go to taxes and another $75-$100k for childcare. A lot of the rest would be eaten up by other outsourcing and buying more clothes, dry cleaning and communing costs. Your lifestyle wouldn’t be much better, and you’d just have two stressed out overworked parents. [/quote]

75-100k for childcare?! When we did this we had an au pair and part time preschool. It was way less than that even counting pre-tax. [/quote]

NP but this is unfortunately easily doable if you opt for expensive but not outrageous options. our last year for 4 and 1 yo: 65k+ nanny salary and nanny taxes. 16K morning pre-K for older DC during school year, 4K morning summer camp for older DC.[/quote]

Sure, but most people don’t need 55hrs a week of childcare. Our peak Weald an Aupair which cost us all in 30k and part time preschool through a local church for about $600/mo. We threw in a few summer camps for another 5k.

Spending what you describe is bananas. Not all high earning dual income families need outrageously long childcare hours. [/quote]

Right, but you have described 40k in annual childcare expenses, then add commuting, outsourcing household work etc and you are probably still spending more than half of one take home salary on that stuff (if you’re both in the 300s).[/quote]

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