It's a good reality check. If it's possible to SAHM in the Midwest at 50k (which is probably much more reflective of the nationwide median at ~52k), then it's definitely possible to SAHM in DC at 93k (the DC median). All of you folks saying you need 200k or 300k to SAHM here are nuts. |
stop making sense |
250k and a SAHM. Retirement savings for us is closer to 2 million. Early 50s. State college tuition paid for two kids for 5 years each. Live on $100 K - very well. $150 is saved for retirement and not touched at all. Low cost SFH in the boonies, public school, no student debt, no childcare, no consumer debt except low mortgage. One vacation abroad a year.
I could have afforded to SAHM in under 100K as well. We may not have had the huge retirement savings then but we would have still saved and maintained the lifestyle in retirement. I feel quite well-off in life and I also have a great life. |
Key there was getting into housing market before huge price run up in early 2000s. You do that and everything else is easy. And it's why doing it. Ownon $100k would be difficult. |
What do you consider boonies? How long is DH commute? |