Reply to Family budget if your HHI is around 375k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Depending on what your deductions look like, you could be left with anywhere from 21--24k a month- what does your actual net look like? At your income level you should really be maxing out all retirement accounts simply for the tax breaks.

Are you able to game your AMT? Do you have disparate incomes and a hefty childcare bill that could make a work break economically advantageous?

A $4500 mortgage can be fine or insane on that income depending on what your other non-negotiable expenses are. We can't give budget advice unless you say what you can't compromise on. No example is going to help you overcome 200k in student loans or a 3 grand a month nanny.[/quote]

That's way too much as a projected net. We make $430K, and our take home is just a hair over $16,000. We do have life insurance taken out of gross in addition to maxing retirement contributions and medical, dental, vision insurance, but it's hard to believe that any two breadwinners making $37K can net $24K a month.[/quote]

We net around $26k a month but I am a 1099 part timer. DH nets about $21k per month (think his total gross per year is around $380k). I make about $5k per month (no taxes taken out). We write off a lot and the taxes we pay are negligible at year end. This year DH did some consulting work so we had to write a $15k check. If he didn't do the extra consulting work, I pay less than $5k in taxes.[/quote]

This is why I wish my income was from a business although your true net would be after taxes given you have a 1099.

We earn about 460 and net about 22 but do not have a mortgage to write off.  [/quote]

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