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[quote=Anonymous][quote=Anonymous]OP here.

12:14- are saying that you are able to pay $70K after taxes for two kids with $150-180K HHI?  If so, you are my hero (no sarcasm).

I do not know the complete breakdown of our income, but $400K HHI is basically a little over $200K after taxes, health insurance premium, max 401, etc.). With that:
•	we travel overseas twice a year with two kids (each time about $7-10K  for tickets, gifts, other expenses, etc.) for about $15-$20K per year

•	one nice family Caribbean vacation -$5K

•	child care expenses for two kids -$40K per year – which I realize will go down a little since one DC will in a school already. but we need to keep the nanny for my younger DC or afterschool for the older DC.

•	mortgage -$35K per year

•	charity -$5K

•	Monthly expenses (grocery, cable, internet, phone, car insurances, etc.) – no idea how much

•	Miscellaneous (clothes, shoes, kids activities, health expenses, etc.) – no idea how much

•	We save the rest – usually about $50 K per year, sometimes more.

So how am I going to send two kids to private and save money for college or retirement (in addition to 401K)?

[/quote]

We use Quicken to track our expenses.  It is hard to know where to cut if you don't know what your expenses are.

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