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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]we have in income of $375K and have a combined mortgage payment of about $750K on two houses.   We max 2 401ks plus save about $80k additional per year.

In terms of expenses we pay about $20K a year in child-related expenses.   We don't have many of the bigger expenses that others in our income bracket do (no housecleaning service, no yard guy, one paid-off car, no student loan payments).

But perhaps these figures can help you with your own.

[/quote]

Please posted a detailed budget. I'm fascinated how the numbers add up.[/quote]

[b]NP here and I could see this.  $375K - $36K = $339 gross.  Assume 40% goes to taxes so they're left with $203.4K.  Subtract out $80K for savings leaves them with $123.4K.  PITI on the two houses is probably about $3.6K total or $43.2K per year leaving them with $80.2K - $20K for child-related expenses = $60.2K for everything else or about $5K per month.  I could easily live pretty large on $5K per month for everything else.[/b][/quote]

Poster whose finances you are talking about----this is pretty much it exactly except our total taxes aren't 40% so we pay less there and our total PITI is more like $5K/month or $60K a year.   But the rest is accurate... Outside of house and kid stuff we spend about $5K a month... 
$5K a month is a very good but not extravagant life in DC... like it's been described on here a million times---we shop at Old Navy, Giant, go to Nats games but sit in the upper deck, eat out at Chipotle, etc.   Anyway, that's our financial picture.  And we're not saving $80K a year on purpose---it's just what
we end up saving per year after we live our lives and pay our bills.  It's not any concerted goal.  
[/quote]

Another poster here with very similar finances.  We save around 50k a year though outside of retirement because we probably spend more than you on travel and clothing.  We also receive stock grants each year which we don't touch and we also pay an additional 20k towards our mortgage each year.  But we are similar in that we don't have any student loans, car payments or leases and have a similar mortgage.  I've learned it's all about keeping your fixed expenses low.  I think the only fixed expense we have outside of our mortgage is our utilities.  Apart from our mortgage, we could live off of the $1,200 unemployment insurance if we really had to.  [/quote]

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