Reply to How does your family survive making under 200k hhi

Forum Index » Money and Finances

Reply to "How does your family survive making under 200k hhi"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They either rent or bought 10+ years ago, or live in an area with bad schools.

Mom stays at home, or grandma watches the kids, or they use a really cheap in-home daycare.

They never eat out.

They never go on vacations.[/quote]

We are 35. We bought in 2009 (700k) in a great school district (HS in top 5 in VA). We have a 3800/month nanny. Make almost exactly 200k now, made substantially less 3 years ago. We max our 401k, IRAs, and save for college.  Now, we vacation inexpensively, we drive paid off cars, did not have student loans, and we mostly eat at home. We have a net worth of almost 800k. You can live very well on 200k in this area. You can't live like the kardashians, but few can. Seems like many have a twisted sense of what "average" and "middle class" are. Take a couple minutes and see where your money goes. Evaluate wants vs needs, decide what is important to you, but don't complain and poor mouth when you are in the top 3-5% of incomes. It's just rude.

[/quote]

You make $200,000 HHI.  Most other people do not, so they cannot pay 700K for a house, have a $3800/month nanny, etc.  [/quote]

It depends where you live, on the census map certain zip codes have median income of 200K. Those same zip codes are the good schools with acceptable commutes. In those zip codes 700k is barely above a teardown and may be in fact a small fixer upper house. With two parents working daycare is also very expensive unless you do something that is substandard. Daycare costs about 1500-1800 a child.[/quote]

WHATEVER - MOST PPL DO NOT MAKE 200K HHI.  And the question of the thread was how do ppl live on LESS THAN 200K HHI.[/quote]

Well if you look at the census map there are many zip codes where the median income is 200K+ therefore that would mean if you live there most people make that or more if not a little less.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics