What’s Your Number?

Anonymous wrote:DH asked me what’s the HHI number that will make me feel comfortable that we have what we need. We are on the edge of burnout with work and he is advocating for a slow down to maintain our sanity.

I told him $420k ($60k/person). We are a household of 7 with elder care responsibilities as well as our young children. Some call this the sandwich generation.

What’s your number? How did you figure it out?

It depends on your expenses and your savings. I don’t think; of it as a per person thing since once you have housing, you are mainly adding food and a small uptick in utilities. Of course, with each child, you have to save more for college- but your retirement savings would be the same.

I call it the sandwich phase, as all generations go through it.

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07/13/2022 07:58

Subject: What’s Your Number?

quote

Anonymous

Anonymous wrote:

Anonymous wrote:DH asked me what’s the HHI number that will make me feel comfortable that we have what we need. We are on the edge of burnout with work and he is advocating for a slow down to maintain our sanity.

I told him $420k ($60k/person). We are a household of 7 with elder care responsibilities as well as our young children. Some call this the sandwich generation.

What’s your number? How did you figure it out?

It depends on your expenses and your savings. I don’t think; of it as a per person thing since once you have housing, you are mainly adding food and a small uptick in utilities. Of course, with each child, you have to save more for college- but your retirement savings would be the same.

I call it the sandwich phase, as all generations go through it.

Oh, and we have done well on a sub $200k HHI with a family of four.

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