DH - 80-85K Me - 20-35K
Let's call it $105K.

Car is paid off
Rent - 1900
Student Loans - 650/month
CCs - 600/month, and we usually pay extra. Don't ask (recession unemployment).
Day care is no cost.
We save very little - emergency funds/retirement.
We put all extra money to cc debt. When that is taken care of, we will start a down payment fund and saving for retirement.

We are early/mid 30s. Our income has great potential to grow in the next 5 years.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I make 87k and my husband who also takes care of our son full time brings in about $10-15k.

Mortgage is $1400 a month in NW DC, we have no debt, plenty of savings, save at least $600+ a month, max retirement and travel internationally once or twice a year as well as eat out several times a week. No childcare payments so there is that.

It stuns me that people making $150k plus a year find it tough to live on that.

Well bully for you that you don't have student loans. Some of us couldn't avoid them.

Not the pp but do you enjoy going through life with a massive chip on your shoulder? PP was stating her situation...sorry you have loans but they do not. Deal with your own business.

Agree! I didn't even think of student loans when I said we had no debt. I was thinking more car payments and credit card debt. But we are 39 and 40, we don't have masters degrees, we didn't go to law school or medical school and we finished studying almost 20 years ago. We also don't have a very high income compared to most of the people posting here.

Income 1--126,000
Income 2--153,000
Both are non-profit attorneys.

Rent--$3000 (Capitol Hill townhouse, hopefully buying soon)
Childcare--@ $2800
No student loans, no car payment, no debt.

Alexandria del ray - Mortgage 4000
Childcare (nanny share for kid 1 and FT preschool for kid) 1600+1100 (no more kids!!!)
Car payment only other debt (but obviously not expense)

Income 1 - 158
Income 2 - 140 by end of this yr (was 105 as 1099 indep)

And I'm always bitching about the quality of life/expense of metro dc. Wow I feel poor compared to most of you!

Anonymous wrote:

Anonymous wrote:I make 87k and my husband who also takes care of our son full time brings in about $10-15k.

Mortgage is $1400 a month in NW DC, we have no debt, plenty of savings, save at least $600+ a month, max retirement and travel internationally once or twice a year as well as eat out several times a week. No childcare payments so there is that.

It stuns me that people making $150k plus a year find it tough to live on that.

Well bully for you that you don't have student loans. Some of us couldn't avoid them.

Not the pp but do you enjoy going through life with a massive chip on your shoulder? PP was stating her situation...sorry you have loans but they do not. Deal with your own business.

Anonymous wrote:I make 87k and my husband who also takes care of our son full time brings in about $10-15k.

Mortgage is $1400 a month in NW DC, we have no debt, plenty of savings, save at least $600+ a month, max retirement and travel internationally once or twice a year as well as eat out several times a week. No childcare payments so there is that.

It stuns me that people making $150k plus a year find it tough to live on that.

Well bully for you that you don't have student loans. Some of us couldn't avoid them.

I make 87k and my husband who also takes care of our son full time brings in about $10-15k.

Mortgage is $1400 a month in NW DC, we have no debt, plenty of savings, save at least $600+ a month, max retirement and travel internationally once or twice a year as well as eat out several times a week. No childcare payments so there is that.

It stuns me that people making $150k plus a year find it tough to live on that.

DH: 240 K
Me: 91 K (work 32 hours a week)
Own home in Chantilly
2 year old and 8 month old in daycare - $2862 per month

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:210K. DH: 170K, Me: 40K

PT? Would seem somewhat pointless to pay FT daycare at that salary, assuming you have kids.

I'm not the PP you quoted, but I don't make a whole lot more than her. My job is full-time and I make just under $50k. For us, it's about the insurance. My insurance is fantastic and doesn't cost much out-of-pocket. DH's insurance is exorbitantly expensive (more than daycare costs per month) and doesn't cover as much as mine.

Also, I don't think I'm cut out to be a SAHM. I think it's good for me to leave the house and go to a job every day. But I would really love more time with DS. In my perfect world, I'd be able to keep my benefits and go down to part-time.

Ding, ding, ding... it's all about the benefits for me, too. My DH's coverage, which isn't very good due to all the copays, is free for him, but to add a spouse & child, it would be about $1,500 / month. So DC is with me on my policy. I get dental; DH doesn't. I work part-time, but enough hours to get full benefits. My salary goes to 401(k), 529 plans, vacation, and tutoring costs for our dyslexic child.

To the PP, perhaps your employer offers full-benefits if you are working at least 30 or 32 hours a week. It's a cut in the pay, but the benefits is what you're looking for, I think. You'd get a day "off" to run errands and not be totally batty by the weekend. My employer actually gives full benefits if you work at least 24 hours a week.

Anonymous wrote:I'm not usually into this...but with number 2 on the way...I'm scratching my head at everyone's numbers...

DH: 130K-gov't
Me: 50K PT Non profit

Childcare: PT in home daycare 700/month
Mortage: 1300(bought TH WAY before the boom)

Maybe we're aggressive savers...granted we still have one car payment out there...but I'm trying to figure out how we're going to comfortably afford a second in PT daycare and purchase the single family home we want in a few years.

At 180K HHI, hopefully way more when I go back full time...I just don't see taking on a mortage over 3K. Am I crazy?

We make around the same (I posted a few posts before you). Technically mortgage calculators say we can afford a 3K mortgage but they also don't take into account the fact that we give 20% to retirement. Regardless, I think this also depends on your level of risk. I have ZERO desire to have a 3K mortgage becuase I want something that I know we can afford if one of us loses our job for any reason. For us, that is 2500 max (about what we currently pay in rent). I personally would rather just buy a small less desirable house (and eventually make it nicer) or just tough it out and keep saving.

I'm not usually into this...but with number 2 on the way...I'm scratching my head at everyone's numbers...

DH: 130K-gov't
Me: 50K PT Non profit

Childcare: PT in home daycare 700/month
Mortage: 1300(bought TH WAY before the boom)

Maybe we're aggressive savers...granted we still have one car payment out there...but I'm trying to figure out how we're going to comfortably afford a second in PT daycare and purchase the single family home we want in a few years.

At 180K HHI, hopefully way more when I go back full time...I just don't see taking on a mortage over 3K. Am I crazy?

Me: 52k fed gov
Wife: 62k teacher

Mortgage: 1600/month in NE DC

1 kid in school

Me Husband: $120/hr Oracle Consultant $250k/yr
Wife: $20k/yr Arabic teacher

2 kids / no daycare costs

1950/month rent dunn loring

no debt

I want to know what people are doing to make $300, 400, 500k a year - that is amazing!! Share your secrets!

Anonymous wrote:me: 79K - attorney
DH: 110K - politics

Total: 189K

Rent: 2500
Daycare: 1820


20% of our income goes to retirement. No car payment. After bills the rest goes into savings. Travel a few times a year (internationally every other year). Hoping to buy a house this year.

Oh yeah, I am 29 and DH is 33. We have a combined total of about 210K in student loans (200K of which is mine). On public service forgiveness plan and IBR so payment is only $387.

me: 79K - attorney
DH: 110K - politics

Total: 189K

Rent: 2500
Daycare: 1820


20% of our income goes to retirement. No car payment. After bills the rest goes into savings. Travel a few times a year (internationally every other year). Hoping to buy a house this year.