Reply to How much should I make to live in McLean, VA

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Here I am as a single Mom and wants to move to McLean in the next 2 years. I thought my budget should be OK.
HHI is about $110K. Take home after tax and max out 41K is $6K.
Rent and utility $2.5k
Food for 3 people $600
Health Ins $0. Employer paid for us :-)
Life Ins $75
Car Ins $60
Phone & Internet $50
Gas $200
Roth IRA $500
Total is $4k for all spending. $2K per month for saving ?
2 Kids in puplic school. No after school care cost.[/quote]

Phone/Internet will be more than $50. I have just Internet and its $50 and the cheapest I could find. Do you have a cell phone bill? Are you planning to get cable? You don't mention a car payment. Even if you own your car, you need to start saving for a new one and/or repairs on your current one. Are you putting anything towards college? What about birthday/holiday gifts for your kids and other family. Do you receive child support?[/quote]
I did stop by one of the apt this spring with assigned Sherman ES. 2 bedrooms was little than 2k before utility. The same apt is now for 2.5k
My kids are only 3 yrs. I do not need  ES for 2 more yrs. I knew daycare in McLean is not cheap. There are not many apts with Sherman ES.
Rent goes up every yr but income does not. I don't want to tell my kids one day that they have to move to new ES because mom can't keep up with the rent. I have flex works that I can pick up the kids from school bus stop. Therefore, no child care cost before and after school ( I do pay for daycare at this time and the cost is not the problem ). My kids wear hand down clothes. I only buy 4 pairs of shoes per child (2 tennis style landsend brand, 1 open toes summer shoes landsend brand, 1 close toes water shoes kmart for $10 each. I stocked up all the way to size 3. I hope they will like the shoes ), new under pants, new socks. Wash clothes every other day. I have Comcast Internet for $39.95. Cox should has the same price ? I use pay per minute cell phone. My kids are 3 yrs =&gt; I don't use phone except for schedule yearly checkup. No car payment. I alway pay for new car because I don't know how to buy used car. Each car last for 10 yrs. I do have some money but I don't want to spend it. $100 per child for birthday. Friend's should be $20. But so far my kids got only 2 parties. Other family members, just cards and no money.  Thank you everyone. I will think very hard before I move[/quote]

All this sacrifice for your kids and when they go to school the run of the mill McLean kid will make fun of them for not having a McMansion, a BMW and designer shoes / clothes. True story.[/quote]

I agree. YOuou should look at more affordable areas thta have a shortish commute.  [/quote]

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