Reply to How do you make ends meet on 130k?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. I just had a nice detailed post and of course I lost it. There are some great suggestions here--I think half our problem is that we aren't budgeting so something like Mint looks good for us to start with.  We are in DC for the foreseeable future due to taking care of an ailing family member. We are here until they pass or until we get an amazing job offer elsewhere.  My DH is eligible for loan forgiveness is 3 years and I am eligible as well (after a decade of work), but they might do away with the program which will really hurt.  I could make 100K out of the starting gate with my degree but my industry is tightening its belt with the current climate and it is reflected in hiring practices and salaries.  I am figuring 60 or 70K with the possibility of reaching 100 in a few years is realistic at this point.

Here are the monthly basics:
Mortgage 2,500
Retirement 1,000 (we hope that goes up when I go back to work)
Day care 3,600
Student loans 1,500 (factoring in mine there)
Utilities 300 (we don't have a television)
Car payment 360 (our 10 year old car died two years ago)

Our take home at the moment is roughly 5K. And yes we are in the red.

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I'm confused. Are you working now or not? [/quote]

Please don't tell me you are paying full-time childcare while being a non-working student and taking on more student loan debt. [/quote]

Um, yes! It looks like OP is not working and also pays $3600 a month in childcare. So I think we found the answer.[/quote]

+1 $3600 is a lot for 2 kids for daycare especially when you're not working.  you could switch to a nanny for the same or cheaper and it would probably be more convenient. [/quote]

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