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General Parenting Discussion
Reply to "Do you think we will see a massive uptick in women choosing to stay home after this?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Very few people on the face of the Earth make 300K per year. Of course you can afford to downsize, and spend more time being a parent. We are 2 teachers with 2 kids who live amazing lives on about 100K a year. [/quote] But in the DC Area 300K a year puts you solidly into middle class. This is our family income, we have three mortgages (one in our home, two others on places we used to live and now rent out and it covers mortgage), credit card debt that we pay off in full, two children in public school, no extravagant vacations, modest amount of travel, save enough to fund 401Ks and kids 529s and a modest emergency fund, have to be frugal And thoughtful in our supermarket shopping and restaurant choices and leisurely/activities for ourselves and our kids. The Dc area is full of families that are barely making it or just solidly living a good existence with a 250K-350K Income. Most of our friends if not every single one of them is also earning in that vicinity either as a single or double income household. Was i wrong in thinking that’s the norm here? I am a work out of the home mom with a great job that has flexible hours so I can take care of kids before and after school (and I LOVE being with them as much now as during school year) and hubby gets bonuses/commission and more so some years feast, some famine. We try to be prepared. [/quote] There are plenty of people living like you, but also plenty of people living on a lot less. Our household income is half yours and we're in the upper end of the people I'm friends with. I wouldn't describe our existence as particularly frugal, I certainly don't really think about how much money I spend at grocery store at our income level. Only one kid is part of it, but if you handed me another $150,000 I'm not even sure what I'd spend it on. [/quote]
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