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Originally Posted by dalakhani
What other 1500?
I agree though that many live beyond their means and i see it all the time. These people dont. One of them works tutoring and a summer job and the wife stays home with the kids when not teaching. Which brings us to the biggest expense-affordable childcare.
You have to live in the area to understand how inflated the prices are.
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This is from your post #996 in this thread
Gross income 9k per month
Car payments= 600 per month.
student loans= 300 per month.
mortgage payment=3500 per month
Credit card debt= zero
lets do the math here GPK. 9k gross means they are taking home about 6000 per month. Debts equal 4500 per month. Now add utitlies, phone, insurance, food, gas, etc.
This is the middle class in our area. What is wrong with this picture?
That $1,500 plus the other $1,300 we deducted from a smaller house/townhome and reducing 1 car payment = $2,800
I have a ton of my contempararies that live in the Northern Va/Washington DC area. I used to travel to that area alot for business, so I have a fairly good idea how the cost of living is up there.