Reply to Scraping by on $500k

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[quote=Anonymous][quote=Anonymous]Our HHI is $300K and we are stretched to the max.

Old sedans, one paid off.
2 kids in daycare
Small house with mortgage that is as low as possible while getting down to an hour commute, still outside beltway (did over 2 years with a 2 hr commute that wasn't sustainable with our jobs)
No vacations in 5 years
$300K in student loans with monthly payments that increase every year
Not maxing out retirement
Insufficient contributions to 529
Cut lawn service
Practically no savings

No fancy cars, house, private school, or nannies (unlike my colleagues). It is really, really stressful in this area.[/quote]

2 kids in daycare would be rough.  I am the poster above on $275k who feels like he has plenty, but as I noted we only have 1 in daycare (the other is in free public preK).  That said, I know we could absorb another $20k in daycare costs and still be ok  (we could just cut it out of our savings and still max out 401k accounts).  Not sure where else your money is going -- although the $300k student loans is a likely candidate.  Why are the payments going up every year?  Have you chipped away at the balance at all?  I graduated in 09 with $175k in student loans so I do understand that it can be an enormous burden.  Feel free to post your budget if you want feedback.
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