I just wanted to thank everyone for your opinions regarding our overall situation in the "Boston" thread I opened the other day.
Granted the discussions kind of veered off the track of strictly financial calculations and more into worldviews and philosophies of life (which I like too
) we just needed one last and to-the-point, STRICTLY FINANCIAL vote. With the expertise you have in "frugal/responsible living", would you consider it FOOLISH for us to pay 2200$/month in rent given the budget and source of net income specified? For convenience, I pasted it again here.
We are a family of 4 (2 small children under 6), with extended family visiting often for longer periods of time. I work from home. We are looking at 3BR (+ any small bonus room to act as office/guest room), 15 miles radius of Reading, a suburb of Boston, MA. Good school district is important.
FAMILY YEARLY GROSS INCOME: 110,000
NET MONTHLY FAMILY INCOME: 6200
MONTHLY FIX BUDGET
Rent & mort. 2200 (+150 property management fee in Atlanta) = 2350
utilities 275
cell phones 80
cable-internet 90
food 600
gas 125
haircuts 25
garbage 0
preschool 325
diapers 25
misc 200
ymca 85
Total 4125
DISPOSABLE INCOME LEFT OVER FOR EXTRA SPENDING AND SAVINGS: approx: 2000$
Thanks so much again!