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Reply to "$500k is middle class in DC now"
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[quote=Anonymous][quote=Anonymous]My monthly expenses for a family of four, 1.5mn modest outside beltway NoVa house, two cars. Mortgage (PITI): 3,500 Utilities: 500 Cleaning and landscaping: 500 Daycare for kid no.2: 1000 Food: 2000 Kids activities for kid no.1: 1000 2 Car maintenance and gas: 500 529 saving: 1000 other expenses: 1000 Total: 9000 Our take home pay after maxing retirement, health insurance and group life insurance: 19,000 Monthly saving: 10,000 for vacations, house remodel, saving, Gross HHI 350k We are very fugal, but otherwise feel comfortable. If you can accept public school, 350k can get you there. I’m surprised your take home is $19k. At the same gross income level and also maxing out just 1 401k, ours is at most $16k or so. Do you owe taxes at the end of the year? [/quote][/quote]
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