I went to one of the threds on DCUM mentioned above and could not understand this post. How could you net only $12,500 from a HHI of $290K? OMG!!!!!!
" Our HHI is around $290K and we also have 3 kids in daycare. Our take home, after maxing out both 401(k)s, benefits, dependent care, taxes etc., is around $12,500.
Our big monthly fixed expenses are:
$4800 mortgage
$3000 daycare (soon to drop to $2000 as one starts K)
$600 to 529 plans
$800 to various savings accounts
$450 for a car loan
After that, it's groceries, utilities, yard care, life insurance, parking, etc. We are fortunate to have paid off our student loans before kids! "