How a family spends away $500K per year

[madoka]

I can relate to these guys.

http://www.cnbc.com/2017/03/24/budg...making-500000-a-year-and-feeling-average.html

Only instead of vacations, I spend that on Lego and instead of student loans, charity, clothes, and childcare, I spend $100K on guns and ammo.

 

[JulesMaximus]

American Express sent me an annual statement for last year and it was almost $26k. I was kind of shocked by that actually since I don't use that card for business at all.

 

[dave_the_nerd]

Bwahahahah

 

[MagnusTheBrewer]

Childcare for two at 42 k is fricking criminal.

 

[John Connor]

Those numbers are so inflated I don't even.

 

[WaTaGuMp]

I do that much on hookers and blow for one week, take that fuckers.

 

[ponyo]

Legos is form of savings. Guns and ammo are savings too. So you're saving over $100k a year.

 

[Dr. Detroit]

What a fuckin joke! I've made tree-fiddy the past 3yrs, almost 7-figga the year before that, and still manage to save 50%. I just don't have run-a-way spending on meals, cars, clothes, daycare, or high priced housing. $18K on vacations for them seems reasonable.

Their tax rate is very accurate - 38-40% as AMT is killing their deductions/credits.

Funny how there mortgage is only $1.5m - thats not a very nice place in NYC and cant imagine what there paying to park those two useless cars. Take the damn subway.

I've got my 401K maxed and my ESPP maxed. That's almost $50K right there before I even see a dime in my bank account.

 

[Kaido]

I can relate to these guys.

Only instead of vacations, I spend that on Lego and instead of student loans, charity, clothes, and childcare, I spend $100K on guns and ammo.

Legos & candles man, legos & candles.

 

[madoka]

Legos & candles man, legos & candles.

Holy crap that's a lot on candles. I think the most I ever paid for candles was the one I bought from Virginia Hey (Farscape fame) at a con. Super nice lady, and she made a very exquisite candle.

 

[madoka]

Legos is form of savings. Guns and ammo are savings too. So you're saving over $100k a year.

If only I could convince my spouse of that!

 

[shortylickens]

If you take three 6 thousand-dollar vacations every year and feel average then you are a grade-A fucktard and deserve to be kicked in the balls until you go blind.

 

[GagHalfrunt]

They're doing well in some places. $9,500 clothes for four is very reasonable, I spend that much yearly for mink socks alone.

 

[Anubis]

2500$ per person per year for clothes?

fuck i dont think ive spent 2500$ in the past decade on clothes

also don't give away 18 grand a year

 

[bbhaag]

Is NYC really that expensive? 42k a year for childcare seems steep to me. Three vacations a year totaling 18k might be a little excessive to. I would probably cut back on the 18k donations to charity to but that's just me.

 

[Anubis]

Is NYC really that expensive? 42k a year for childcare seems steep to me..

no thats real and actually in some places thats cheap

 

[dave_the_nerd]

2500$ per person per year for clothes?

fuck i dont think ive spent 2500$ in the past decade on clothes

also don't give away 18 grand a year

Some things are better calculated in absolute amounts, others as %. Do you give away more or less than 3.6% of your income?

 

[Anubis]

Some things are better calculated in absolute amounts, others as %. Do you give away more or less than 3.6% of your income?

i "give away" 0% of it


my college will get money when im done paying my loans, which at the current rate will be sometime in the 22nd century

 

[dave_the_nerd]

no thats real and actually in some places thats cheap

Yup. The only reason that makes economic sense at all is because (presumably) both parents are making $250k/yr.

I know plenty of women who stayed at home for 5-7 years. Once the littlest spawnling is a ward of the state for 8-9 hours a day, then the economics change.

Although I am a little surprised that 1) there's no entry for "housekeeping" and 2) That'd have to be some crazy student loans.

 

[bbhaag]

no thats real and actually in some places thats cheap

Really? That's surprising to me. It has been awhile since our kids were that young but I seem to remember paying about $125 a week but it's been about six years since our youngest was in daycare. I live in the midwest to so that obviously affects pricing.

 

[VirtualLarry]

Urm.. I pay MORE than they do for car insurance... and I "make" around $15K a year.

Fucking Liberty Mutual.

(And no, it's not a sports car, and no, I'm not a teenager. It's a 2004 van, and I'm in my 40s.)

 

[Anubis]

Really? That's surprising to me. It has been awhile since our kids were that young but I seem to remember paying about $125 a week but it's been about six years since out youngest was in daycare. I live in the midwest to so that obviously affects pricing.

where do you live? when my sister was in Boston she was paying 30-40k for 1 kid, that was within the past 10 years

 

[Anubis]

Urm.. I pay MORE than they do for car insurance... and I "make" around $15K a year.

Fucking Liberty Mutual.

(And no, it's not a sports car, and no, I'm not a teenager. It's a 2004 van, and I'm in my 40s.)

that seems wrong, i pay ~1000 a year for a 2013 car and i'm 35

 

[bbhaag]

where do you live? when my sister was in Boston she was paying 30-40k for 1 kid, that was within the past 10 years

Peoria Illinois suburbs. A little town called Washington. We're about 3 hours south of Chicago. What kind of childcare was your sister paying for? Was it more like an actual school were they prep the kids for grade school/early learning or was it just a woman in her home watching kids all day.

 

[ponyo]

Urm.. I pay MORE than they do for car insurance... and I "make" around $15K a year.

Fucking Liberty Mutual.

(And no, it's not a sports car, and no, I'm not a teenager. It's a 2004 van, and I'm in my 40s.)

Do you have full coverage on your 2004 van? Do you have clean record?