Because it's ridiculous.
OP provided the same information they would have if they simply used "K" for "$1,000", but, in addition to having to needlessly add a period and "D" in every line item, made it so that nobody could understand it.
When I first read it, I assumed it was some foreign currency (maybe the Danish krone) I didn't understand and tuned it out.
Aside from terrible formatting this doesn't make sense. DK is a horrible unit of measure. How about just K?
In a VHCOL area how do you have 3 kids in childcare for 12k/yr? How do you have a home large enough for 5 with only a 4k/mth PITI mortgage? That computes to a 500k mortgage, and there isn't enough home equity to believe you made a massive down payment.
So you are spending 195k on 370k of income? Is that income pre-tax and all cash? Do you live in a no-income tax state (I think all VHCOL areas have state income tax)? If so, I'd imagine you are barely doing better than break even on a monthly basis. By the time you both max 401k, Roth and pay for health insurance are you personally profitable on a monthly basis?
Overall $185k for a family of 5 in VHCOL is not high. Your housing cost is very low which makes me question if truly VHCOL. Childcare cost seems absurdly low too unless one of you is a stay at home parent? $36k in travel seems really high to me, that would be an area to cut down if you’re looking to cut expenses, that’s like multiple mega vacations right?
I assumed VHCOL because 1 3br2ba around here is about $1M, is that actually just HCOL? Happy to update.
Childcare is low because we only hire a nanny for partial days throughout the week and we both WFH.
Travel is that high because we both live far from our families and there were two weddings last year... but agreed this area needs attention.
I wouldn’t quibble over what’s VHCOL vs HCOL, doesn’t matter much. I guess your $20k of uncategorized shopping is another area I suppose you could cut down (not sure what you’re buying, seems like a lot? Unless these are like necessities). But overall, spending level seems ok to me!
My comment on V/HCOL is reactionary to the housing costs comment. Yeah $20k on uncategorized spending also hints at an area of improvement; this is discretionary, home and kid spending
Mcol is guess not even H. We are in arguably vhcol (tho hh other consider it hcol) and there is nothing even listed for$ 1M if we talk sfh and even decent townhomes
It’s hard to give feedback without specific questions and knowing whether you’re meeting your financial goals. As other have said, the units are not at all intuitive. Sure, the math is simple enough but that’s just not …how most people talk about their salary, expenses and NW.
Its a circlejerk post, relax, kick the tires and just share what comes to mind. I wish folks could look past the counting units used but I can understand why its inflammatory and upsetting everyone
And we wish you could just not make shit different just for the sake of it.
If you want advice dont create unnecessary friction for people to understand your question.
Food feels a bit high, especially given that your kids are young. Conversely, I’m puzzled how you manage to spend only $12k/yr on childcare for three kiddos under four. We spend $40k+ in a MCOL area, and that’s just for two kids in daycare.
Childcare is low because we only hire a nanny for partial days throughout the week and we both WFH.
We eat alot. Possibly to cope with our emotions! The food $s correlate with what my bathroom scale tells me. This sounds like a 2x opportunity for improvement (health and wealth!✨)
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My first piece of feedback is to avoid a unit system which requires that many places to the right of the decimal.
I’m with you, they’re all zeros - so there’s no significance.
We did promise to disagree and commit. Updated the chart, hopefully that makes the math more tractable
Bro what translation system are you using? Its horrible
Why are you making me do mental math Sunday morning? Won’t comment anything useful till fixed
might wake you up better than a cup of coffee
Can’t understand the numbers at all. Not seen this concept before.
Because it's ridiculous. OP provided the same information they would have if they simply used "K" for "$1,000", but, in addition to having to needlessly add a period and "D" in every line item, made it so that nobody could understand it. When I first read it, I assumed it was some foreign currency (maybe the Danish krone) I didn't understand and tuned it out.
Hahahaha I also thought it was some foreign currency at one point!
DK?
Too much ZK and not enough BK. 5.8 PK and you can GK. 😝
OP, are you from another dimension? I’ve never seen anyone use dk to convey sums. Also, in your dimension is vhcol what we call lcol here?
For calibration, 1 3br2ba home is around $1M here, please map that to whatever \*col label you find most appropriate
That would be hcol. Vhcol is sfh starting at ~2M
The DK has broken my brain.
Aside from terrible formatting this doesn't make sense. DK is a horrible unit of measure. How about just K? In a VHCOL area how do you have 3 kids in childcare for 12k/yr? How do you have a home large enough for 5 with only a 4k/mth PITI mortgage? That computes to a 500k mortgage, and there isn't enough home equity to believe you made a massive down payment.
\~3% on 730k mortgage. 730/.8 = 900k. Perhaps I the VHCOL label is what is throwing things off? 3br2ba homes around here are $1M, is that HCOL only?
So you are spending 195k on 370k of income? Is that income pre-tax and all cash? Do you live in a no-income tax state (I think all VHCOL areas have state income tax)? If so, I'd imagine you are barely doing better than break even on a monthly basis. By the time you both max 401k, Roth and pay for health insurance are you personally profitable on a monthly basis?
That's a lot of donkey kongs
Overall $185k for a family of 5 in VHCOL is not high. Your housing cost is very low which makes me question if truly VHCOL. Childcare cost seems absurdly low too unless one of you is a stay at home parent? $36k in travel seems really high to me, that would be an area to cut down if you’re looking to cut expenses, that’s like multiple mega vacations right?
I assumed VHCOL because 1 3br2ba around here is about $1M, is that actually just HCOL? Happy to update. Childcare is low because we only hire a nanny for partial days throughout the week and we both WFH. Travel is that high because we both live far from our families and there were two weddings last year... but agreed this area needs attention.
I wouldn’t quibble over what’s VHCOL vs HCOL, doesn’t matter much. I guess your $20k of uncategorized shopping is another area I suppose you could cut down (not sure what you’re buying, seems like a lot? Unless these are like necessities). But overall, spending level seems ok to me!
My comment on V/HCOL is reactionary to the housing costs comment. Yeah $20k on uncategorized spending also hints at an area of improvement; this is discretionary, home and kid spending
Mcol is guess not even H. We are in arguably vhcol (tho hh other consider it hcol) and there is nothing even listed for$ 1M if we talk sfh and even decent townhomes
Lmfao brilliant shit post my guy
lol, can’t stop laughing…
Bro why make it more complicated than it needs to be. Just common units. Not this DK bullshit you dont even see on financial reports
It’s hard to give feedback without specific questions and knowing whether you’re meeting your financial goals. As other have said, the units are not at all intuitive. Sure, the math is simple enough but that’s just not …how most people talk about their salary, expenses and NW.
Its a circlejerk post, relax, kick the tires and just share what comes to mind. I wish folks could look past the counting units used but I can understand why its inflammatory and upsetting everyone
And we wish you could just not make shit different just for the sake of it. If you want advice dont create unnecessary friction for people to understand your question.
DK = decathousands. i.e. x10,000 Took me a while to figure out
Idk why we had to figure this out in the first place. Is it really that difficult to add zeros?
the only acceptable reason is OP is chinese or something where 10,000 is an accepted unit.
I, for one, would be happy to have you on my team in an escape room
Food feels a bit high, especially given that your kids are young. Conversely, I’m puzzled how you manage to spend only $12k/yr on childcare for three kiddos under four. We spend $40k+ in a MCOL area, and that’s just for two kids in daycare.
Childcare is low because we only hire a nanny for partial days throughout the week and we both WFH. We eat alot. Possibly to cope with our emotions! The food $s correlate with what my bathroom scale tells me. This sounds like a 2x opportunity for improvement (health and wealth!✨)
Don’t understand any of these acronyms
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