Reply to What's a decent household income to live in Bethesda?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]what on earth are you spending your money on OP?

We have a similar income ($365K) and have a $3k/month primary mortgage plus a $2k/month mortgage on a second home (plus all the utilities/expenses x 2 homes).  
We spend about $15K/year on activities/camps for 3 kids. 
We max 2 401ks. 
We spend about an additional $10K/year on other travel/vacations.

We want for nothing.  I guess maybe it's because we live a pretty simple life.  We eat out at Chipotle.  We shop at Old Navy (and only on sale).  We shop at Giant.  I clean my own house.  We hire high school sitters for $10/hour or swap childcare with neighbors (my kids are elementary aged).

If you expect $350K to allow you to shop at Saks and eat dinner out downtown weekly then I can see it being tight.

[/quote]
Not OP.  We have 3 kids in elementary and also have an HHI of  365,000?  Just curious -- for child care, you rely on high school kids and neighbors?  Do both of you work full time?   (We still have a nanny for 30 hours a week for our 3 kids who are in elementary, at a cost of $3000 per month.)[/quote]

I telecommute full time.  I work 9-3pm and then watch the kids from 3 to 8pm and work another 2 hours each evening.  It sucks to work every evening but it's cheap and it allows me to pick up the kids daily. 
In the summer they all go to camp 9-3 or 9-4 for 6 weeks and we take 3 weeks off between my husband and I (9 week public school summer). [/quote]

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