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Reply to "$500k is middle class in DC now"
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[quote=Anonymous][quote=Anonymous][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 [b]We are very fugal[/b], but otherwise feel comfortable. If you can accept public school, 350k can get you there. [/quote] You spend $2000/month on food (!!!) and $1000/month on a child’s activities.[/quote] They save 10k/mo pus maxing 401ks..they are incredibly frugal...[/quote] What they are is NOT middle class. [/quote]
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