Reply to If your HHI is $250-300k, what is your PITI?

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Reply to "If your HHI is $250-300k, what is your PITI?"

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[quote=Anonymous]HHI is $275,000-300,000 depending on bonus.  PITI is $2,300 - bought 13 years ago, put 20% down on a very modest house (have paid cash to make some improvements over time), and refinanced to a 20 year mortgage with very low rate a couple of years ago.

To OP - I'm in the Chicago suburbs with one son who is late elementary and one son is about to start high school.  To echo another PP, kids do get expensive again as they get older.  Not to the same extent as during the day care years, but once the day care payments stopped, I started saving as much as possible in 529s to make up for getting a late start on college savings.  Mine don't do expensive sports, but their music lessons are expensive, feeding/clothing them is more expensive, I will likely be paying for car insurance for a teen driver soon (and considering buying another car).  YMMV may vary on this point, but I think for a few years I could have gotten away with spending many weekends away at a vacation place, but my kids have commitments and preferences that would make that harder now, particularly for my older son.  The traffic going through Indiana to get to Michigan is also awful unless you manage to time it just right!  We just came back from a week at a lake in Michigan, so I get the draw, but, at least for us, renting makes much more sense than owning. [/quote]

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