Anonymous wrote:Our HHI is $300K. We just bought a house for $1.6 million in Potomac and are paying the lease on 3 Range Rovers. Our 4-year-old has a full time nanny but we also pay to hold a fulltime spot in Bright Horizons because what if the nanny gets a cold? Beauvoir didn't give us FA so we are putting it all on credit cards. For some reason our budget is not working. We only go on vacation like 3 times a year and have even thought about selling our other house in Key Largo but it has a bunch of damage from Hurricane Irma that we haven't fixed yet because we canceled the homeowners insurance to pay for the third Range Rover. And we HAVE to get a new kitchen for our new house because the white appliances are mortifying.
Does anyone have any ideas how we can make our budget work better? We could try to eat out only 4 times a week instead of 5, but like I said, our kitchen is embarrassing. Should I cancel our car insurance?
To help with cash flow, buy a vacation rental. I have a lead on a great one near Annapolis, it's already rented out all summer. Remember, you can save a lot by forgoing title insurance.