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Reply to "$500k is middle class in DC now"
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[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, How is utilites only $500? (gas, electric, water, cellphone, internet, cable, streaming services, etc....??) Gross HHI 350k We are very fugal, but otherwise feel comfortable. If you can accept public school, 350k can get you there. [/quote][/quote] We have solar panels, so electricity is 5 dollars. Gas averages about 150, water 50, internet 80, cellphone 50, no cable. It’s actually 350 only. Some month we have very high gas bill like 400. Our 5,000 sqft house is 40 years old, so is not that gas efficient. We are trying to do better insulation wise, so can save more in the future.[/quote]
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