Reply to Singel parent on $228K income

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
2) How do you go from $198K left after retirement contributions to a take-home pay of $108K?  Assuming an effective tax rate of 30%, you're paying $60K in taxes.  Where's the other $30K going?  Health insurance isn't that expensive.[/quote]

My guess is, much is going to groceries, take out and dining out.

I mean this with no criticism! -But I didn't see takeout or restaurants listed in OP's expenses, and while $800 for groceries sounds fine to me (and I know people can spend a lot less) I think most people vastly underestimate how much they spend on groceries. [/quote]

You didn’t see takeout or restaurants listed bc I have no budget for them and as much as possible avoid them now bc they have become SO expensive! This would have to come out if that $2K/m that covers “everything else” and really there are entire months I don’t spend anything on this. I hardly ever eat out anymore and only do it to maintain friendships with people who host my kid on sleepovers.[/quote]

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