Anonymous
05/07/2013 17:18
Subject: Family budget if your income is around $180-200K
Educational consultant here:
Your strategy with private schools leading to scholarships is so mistaken!! Are you actually sending your kids to private school because you think it will help them get scholarships? I cringed when I read that! Send them to public school and bank the tuition costs to help with college!
Your strategy with private schools leading to scholarships is so mistaken!! Are you actually sending your kids to private school because you think it will help them get scholarships? I cringed when I read that! Send them to public school and bank the tuition costs to help with college!
Anonymous wrote:LMAO. "Poor." We make $141K pre-tax. DH puts 11% of his $101K salary into his 401K and I don't save anything out of my $40K salary because I only work to pay for private school and groceries.
Mortgage is $950/month.
Healthcare, I think is about $400/month.
Childcare is $200/month.
Tuition for private school is $1600/month.
Groceries are $1200/month.
Phones (all mobile) are $180/month.
Internet $60/month
Gas is $400/month (we commute)
No gym, no car payments (both cars are luxury cars but are ten years old, bought new back then), no credit card debt or student loans. We're not saving for college; that's why they go to private school, so they can earn scholarships. We'd be comfortable paying the same tuition we do now or even a bit more when the time comes, but if they want to go to a $50K/yr school, they're going to have to help pay for it.
We shop and go out some but don't really keep track. We haven't taken a real vacation in 7 years but will be taking one this summer. We're not rich or anything but I think we're doing okay.
Anonymous
05/07/2013 17:13
Subject: Family budget if your income is around $180-200K
Anonymous wrote:It was interesting to see what people did with $375K. Now what about us "poor" folks?
$9500 monthly take home pay (after retirement/health care)
Retirement is 5% and health care is $300 month
$2100 mortgage
$3500 childcare/tuition
$815 student loans
$1000 food (includes dining out and some household goods)
$500 utilities/cable/internet/cell phones
$500 shopping/activities/Target
$300 housekeeper (money well spent!!)
$250 gas/insurance/parking
$100 charity
$50 medical expenses (prescriptions/co-pays)
$100 life insurance
$30 gym
Anyone else?
So, your cars are paid for? No vacations? No home repair fund? No debt service other than student loans?
$500 for cable/internet/phones seems REALLY high. I think we're closer to $400 and we have premium TV.
Anonymous
05/07/2013 17:10
Subject: Family budget if your income is around $180-200K
Anonymous wrote:Anonymous wrote:It was interesting to see what people did with $375K. Now what about us "poor" folks?
$9500 monthly take home pay (after retirement/health care)
Retirement is 5% and health care is $300 month
$2100 mortgage
$3500 childcare/tuition
$815 student loans
$1000 food (includes dining out and some household goods)
$500 utilities/cable/internet/cell phones
$500 shopping/activities/Target
$300 housekeeper (money well spent!!)
$250 gas/insurance/parking
$100 charity
$50 medical expenses (prescriptions/co-pays)
$100 life insurance
$30 gym
Anyone else?
I seriously hope you meant "poor" in quotes because otherwise this is really offensive.
You did see that it is fact in quotes, right?
Anonymous
05/07/2013 17:06
Subject: Family budget if your income is around $180-200K
Anonymous wrote:It was interesting to see what people did with $375K. Now what about us "poor" folks?
$9500 monthly take home pay (after retirement/health care)
Retirement is 5% and health care is $300 month
$2100 mortgage
$3500 childcare/tuition
$815 student loans
$1000 food (includes dining out and some household goods)
$500 utilities/cable/internet/cell phones
$500 shopping/activities/Target
$300 housekeeper (money well spent!!)
$250 gas/insurance/parking
$100 charity
$50 medical expenses (prescriptions/co-pays)
$100 life insurance
$30 gym
Anyone else?
I seriously hope you meant "poor" in quotes because otherwise this is really offensive.
Anonymous
05/07/2013 16:15
Subject: Family budget if your income is around $180-200K
LMAO. "Poor." We make $141K pre-tax. DH puts 11% of his $101K salary into his 401K and I don't save anything out of my $40K salary because I only work to pay for private school and groceries.
Mortgage is $950/month.
Healthcare, I think is about $400/month.
Childcare is $200/month.
Tuition for private school is $1600/month.
Groceries are $1200/month.
Phones (all mobile) are $180/month.
Internet $60/month
Gas is $400/month (we commute)
No gym, no car payments (both cars are luxury cars but are ten years old, bought new back then), no credit card debt or student loans. We're not saving for college; that's why they go to private school, so they can earn scholarships. We'd be comfortable paying the same tuition we do now or even a bit more when the time comes, but if they want to go to a $50K/yr school, they're going to have to help pay for it.
We shop and go out some but don't really keep track. We haven't taken a real vacation in 7 years but will be taking one this summer. We're not rich or anything but I think we're doing okay.
Mortgage is $950/month.
Healthcare, I think is about $400/month.
Childcare is $200/month.
Tuition for private school is $1600/month.
Groceries are $1200/month.
Phones (all mobile) are $180/month.
Internet $60/month
Gas is $400/month (we commute)
No gym, no car payments (both cars are luxury cars but are ten years old, bought new back then), no credit card debt or student loans. We're not saving for college; that's why they go to private school, so they can earn scholarships. We'd be comfortable paying the same tuition we do now or even a bit more when the time comes, but if they want to go to a $50K/yr school, they're going to have to help pay for it.
We shop and go out some but don't really keep track. We haven't taken a real vacation in 7 years but will be taking one this summer. We're not rich or anything but I think we're doing okay.
Anonymous
05/07/2013 16:13
Subject: Family budget if your income is around $180-200K
Mortgage -$3500
Food-$1000 - $1200
Kids activities - $1000 (who knew soccer leagues and gymnastics are so expensive
Student Loans - $400 (paying off extra)
Theater/Movie tickets - $200-300
Babysitting on weekends - $200-300
Gas - $200-250
Charity - $100
Internet - $60
where we are saving: both our cars are paid off as of last year. We don't have cable. Our kids go to public schools. My employer pays for gym membership.
Food-$1000 - $1200
Kids activities - $1000 (who knew soccer leagues and gymnastics are so expensive
Student Loans - $400 (paying off extra)
Theater/Movie tickets - $200-300
Babysitting on weekends - $200-300
Gas - $200-250
Charity - $100
Internet - $60
where we are saving: both our cars are paid off as of last year. We don't have cable. Our kids go to public schools. My employer pays for gym membership.
Anonymous
05/07/2013 16:13
Subject: Family budget if your income is around $180-200K
Our HHI is $250k, so take home is about $11k / month AFTER maxing out 401(k)s. I am fortunate that I do not have any healthcare premiums.
Mortgage: $2200
Childcare: $28k/year (paid in lump sum at the start of the year so it doesn't come out every month).
CC bill other monthly expenses: around $4000
I try to maintain $10k in our checking account, so at the end of the month, I take whatever's left over (but still maintain $10k in the account) into another savings account.
Mortgage: $2200
Childcare: $28k/year (paid in lump sum at the start of the year so it doesn't come out every month).
CC bill other monthly expenses: around $4000
I try to maintain $10k in our checking account, so at the end of the month, I take whatever's left over (but still maintain $10k in the account) into another savings account.
Anonymous
05/07/2013 16:03
Subject: Family budget if your income is around $180-200K
I'm not the type to do this, but here goes.
HHI about the same
Not totally sure about current health care cost
$2500 mortgage, usually pay $500 extra toward principal
$0 childcare
about $700/mo kids' activities, equipment
$900-$1000 food, roughly
$350 utilities, cable, internet
$500-$700 miscellaneous household items, shopping, gifts (more at certain times of year)
$220 maid
no gym
average $500/mo household maintenance, improvements
about $8,000/year vacations
$100 car expenses (paid off, but gas, maintenance)
not sure of amounts for retirement. have a lot of $$ already set aside for college.
HHI about the same
Not totally sure about current health care cost
$2500 mortgage, usually pay $500 extra toward principal
$0 childcare
about $700/mo kids' activities, equipment
$900-$1000 food, roughly
$350 utilities, cable, internet
$500-$700 miscellaneous household items, shopping, gifts (more at certain times of year)
$220 maid
no gym
average $500/mo household maintenance, improvements
about $8,000/year vacations
$100 car expenses (paid off, but gas, maintenance)
not sure of amounts for retirement. have a lot of $$ already set aside for college.
Anonymous
05/07/2013 15:59
Subject: Family budget if your income is around $180-200K
mortgage (PITI) $4000 (paying off extra)
insurance (life, car, disability) -- $300
gym membership/kids activities-- $300
theater-- $50
utilities/phones/internet/cells-- $500
food-- $1200
charity-- $200
other savings-- $1000
travel-- $500
insurance (life, car, disability) -- $300
gym membership/kids activities-- $300
theater-- $50
utilities/phones/internet/cells-- $500
food-- $1200
charity-- $200
other savings-- $1000
travel-- $500
Anonymous
05/07/2013 15:45
Subject: Family budget if your income is around $180-200K
Anonymous wrote:Anonymous wrote:It was interesting to see what people did with $375K. Now what about us "poor" folks?
$9500 monthly take home pay (after retirement/health care)
Retirement is 5% and health care is $300 month
$2100 mortgage
$3500 childcare/tuition
$815 student loans
$1000 food (includes dining out and some household goods)
$500 utilities/cable/internet/cell phones
$500 shopping/activities/Target
$300 housekeeper (money well spent!!)
$250 gas/insurance/parking
$100 charity
$50 medical expenses (prescriptions/co-pays)
$100 life insurance
$30 gym
Anyone else?
Savings other than for retirement?
Unfortunately not. We put bonuses and tax refunds into savings. We also try to save on the months where we dont use our entire budget for food or shopping, but its rare.
And yes "poor" was meant sarcastically by DCUM standards. I do not think we are poor or struggling, just broke
Anonymous
05/07/2013 15:41
Subject: Re:Family budget if your income is around $180-200K
Right, "poor."
Anonymous
05/07/2013 15:38
Subject: Family budget if your income is around $180-200K
Anonymous wrote:Yeah, that's about right. Although I don't pay for a gym membership and charity is less than that (guess I'm a cheapskate!). We probably pay more for gas though.
Oh yeah, forgot -- we do 15% for retirement and a total of $1000 towards 529s for the kids.
Anonymous
05/07/2013 15:38
Subject: Family budget if your income is around $180-200K
Yeah, that's about right. Although I don't pay for a gym membership and charity is less than that (guess I'm a cheapskate!). We probably pay more for gas though.
Anonymous
05/07/2013 15:37
Subject: Family budget if your income is around $180-200K
Anonymous wrote:It was interesting to see what people did with $375K. Now what about us "poor" folks?
$9500 monthly take home pay (after retirement/health care)
Retirement is 5% and health care is $300 month
$2100 mortgage
$3500 childcare/tuition
$815 student loans
$1000 food (includes dining out and some household goods)
$500 utilities/cable/internet/cell phones
$500 shopping/activities/Target
$300 housekeeper (money well spent!!)
$250 gas/insurance/parking
$100 charity
$50 medical expenses (prescriptions/co-pays)
$100 life insurance
$30 gym
Anyone else?
Savings other than for retirement?
Anonymous
05/07/2013 15:36
Subject: Family budget if your income is around $180-200K
It was interesting to see what people did with $375K. Now what about us "poor" folks?
$9500 monthly take home pay (after retirement/health care)
Retirement is 5% and health care is $300 month
$2100 mortgage
$3500 childcare/tuition
$815 student loans
$1000 food (includes dining out and some household goods)
$500 utilities/cable/internet/cell phones
$500 shopping/activities/Target
$300 housekeeper (money well spent!!)
$250 gas/insurance/parking
$100 charity
$50 medical expenses (prescriptions/co-pays)
$100 life insurance
$30 gym
Anyone else?
$9500 monthly take home pay (after retirement/health care)
Retirement is 5% and health care is $300 month
$2100 mortgage
$3500 childcare/tuition
$815 student loans
$1000 food (includes dining out and some household goods)
$500 utilities/cable/internet/cell phones
$500 shopping/activities/Target
$300 housekeeper (money well spent!!)
$250 gas/insurance/parking
$100 charity
$50 medical expenses (prescriptions/co-pays)
$100 life insurance
$30 gym
Anyone else?