jgomez916 t1_j29jqo6 wrote on December 30, 2022 at 5:07 PM

Per the 1.85 times comment I put you husband at $160,000 and you at $87,000 for a household income of $247,000

Is that correct?

I do not have kids but I think the flexibility is worthy staying another 2-4 years. They are only small once and you guys are already essentially at $250k.

pookiewook OP t1_j29k9h0 wrote on December 30, 2022 at 5:10 PM

No, he makes 1.85 what I make not including overtime or profit sharing.

He makes $140k as of mid October 2022. Prior to that he made $125.

jgomez916 t1_j29lmha wrote on December 30, 2022 at 5:19 PM

Got it. Still as a household the income is over $200k so I would think financially there is minimal stress over providing in terms of quality of life.

I’m in the capital of CA and median household income here is only $85k so even by expensive CA standards your household is fine at over $200k.

2 years until the 3 years old are 5 will pass by so fast I’d thinking hanging onto the flexibility especially with a special needs child with an IEP would be worth it.

My household without kids it at 140k and we net $7k so I would think with $200k and 3 dependents your net would be like $11k and per Zillow I saw rents are about $3K so I presume your mortgage is under that.

Only you can truly decide if more money now is worth giving up the flexibility. I personally would not money isn’t everything.

Presumably childcare is a lot right now ( my guess is $3k based on there being 3) but in 2 years it should go down right?

pookiewook OP t1_j2bmvrn wrote on December 31, 2022 at 1:28 AM

We net 10k per month and our mortgage/taxes/insurance is $2205/mo. Daycare is $3090 (includes 2 at full time and 1 before/after care)

Keeblerelf928 t1_j2de0oi wrote on December 31, 2022 at 12:30 PM

You both work from home. Why do you need before and after care? My husband works from home and I occasionally do, but we put our kid on the bus and get her off the bus. She does her hw and gets a snack and plays while we finish work. She’s second grade, but we survived 2 years of full virtual prior with us both working. You could save money just by getting them on and off the bus yourselves.