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re: House = (x)household income
Posted on 8/11/15 at 12:15 pm to donRANDOMnumbers
Posted on 8/11/15 at 12:15 pm to donRANDOMnumbers
We are between 180 and 200 depending on bonuses etc. and are trying to knock out the wifes student loans as well (grad school added up quickly). I can max out 401k, pay 900 in car notes, all bills, 250 a week for daycare, etc, and swing a 315k house pretty easily. I'm sure we could cut back places and afford more. Thats all while trying to pay as close to 2k a month on her loans as possible. We're a little skewed on monthly due to crazy property taxes (like 800+ a month in taxes) in texas, but it evens out with no income tax.
Posted on 8/12/15 at 10:39 am to KG6
quote:
We are between 180 and 200 depending on bonuses etc. and are trying to knock out the wifes student loans as well (grad school added up quickly). I can max out 401k, pay 900 in car notes, all bills, 250 a week for daycare, etc, and swing a 315k house pretty easily. I'm sure we could cut back places and afford more. Thats all while trying to pay as close to 2k a month on her loans as possible. We're a little skewed on monthly due to crazy property taxes (like 800+ a month in taxes) in texas, but it evens out with no income tax.
I'm in a very similar situation as you(if you include my wife's very good salary) but without student loans
my goal, however, is to try and afford everything on just my salary so that if one of us loses our job or we have a kid and we lose her income for a year or so, we'll still be fine.
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