Spending 20k a month in this crazy expensive Bay Area. This is 80% of our after tax household income with 2 kids. Is this too much? How are others feeling? Saving only 20% income sucks.
Major expenses
Mortgage - 7k
Kids daycare - 4K
Cars - 2.5k
Food/Grocery-2k
TC family 650k -> me 450 + wife 200
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comments
Those urban schools are suffering from corruption and misguided priorities.
Mortgage is 8700, prop taxes 3000
Daycare 2200, nanny/babysitter 1500
Groceries 2000
Utilities 1000 including laundry, gardener etc
Shopping, travel etc adds up to another 2-3k / month.
My cash comp is ~400k and spouses is 250k. I'm at a startup that may or may not IPO, so not counting equity.
Luckily we have roughly $10M saved from previous jobs, IPOs etc, so we spend pretty much everything we earn (minus 401k) and assume that unless my company gets acquired or IPOs we are not saving anything more.
I left the IPOed company and went to Google a year later and my peak TC was actually at Google, thanks for the stock run up in the last few years and thanks to a lucky start time / generous initial grant.
I found Google to be very slow and political, especially at L7/L8 and decided to jump. I left about $2M unvested GSUs when I left, but got lucky (again) with my jump to the startup, both because of a strong initial offer and because we have been doing really well since then. So, even in event we don't do that well, my equity will be worth a multiple of the GSUs I left behind.
I just assumed OP had a pair of stupid Teslas.