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Reply to "Could you live comfortably on $7500 a month?"
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[quote=Anonymous][quote=Anonymous] We live on $6K a month after tax and our mortgage is nearly $3K. Montessori preschool - more than $10K a year Older child goes to public After-school activities total about $10K a year We save to visit close family in Europe and Asia, but can't afford to go every year. [/quote] I'm confused. You have 3k in income after taxes, and mortgage, so 36K. Of that you pay 20K for school, and activities, leaving 1333 a month for insurance, utilities, food, transportation, retirement savings, etc . . . And you still save enough to travel to Asia and Europe every few years? I know it's probably possible to live on 1333 a month, but it's got to be tight. Health insurance, food, and utilities would eat almost all of it. I don't think I'd choose to spend that much on after school activities if it meant making major sacrifices elsewhere.[/quote]
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