Your income, HHI, and spending on “luxuries”
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Anonymous
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I don’t buy designer clothes or handbags. I did buy a purse for $300 a few years ago.
We bought a new car for 40k cash last year. 3k/year on travel. Most of our spending is on our kids. We are Dcum poor but not actually poor. HHI 250-300k depending on the year. NW 1.3M |
Anonymous
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I’ve worn the same gold stud earrings for 20 years.
Drive a 2010 Civic. Might replace in the next year because I want a minivan (I have 1 and 3 year olds). Husband drives a 2013 Hyundai hatchback. My clothes are mostly athleisure and comfy jeans and tees. I work remotely and have a few nicer things for events. We spend on travel and food. |
Anonymous
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HHI is higher than yours. Our luxury is private education and vacation. We actually just take many cheaper vacations, rather than a few expensive ones. Like I'd rather ski 15 days a year in Breck and eat ramen, than 5 days in Apen eating at restaurants. I'll easily drop 100k on my kids tuition for school, but I drive an old subaru.
Honestly OP, I want to know a variation of your question- from the people who buy luxury things - what is their HHI? |
Anonymous
Not being judgmental but 3k on travel seems low. How many kids do you have and where do you go? |
Anonymous
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HHI around $300k
Jewelry: $0 Clothing: trivial (maybe $50/month? I love thrift stores and Poshmark) Car: Still driving a 2013 ford escape. Looking at replacing it this year and hoping to stay around $40k. Freaking out at how expensive vehicles are!) Travel: a lot. Not luxury AT ALL, but tons of weekend trips, a couple weeks away in the summer, a week visiting family across the country at Christmas or spring break. If I added up everything I’m sure it’s $12-15k. Heck, one weekend away for a tournament is $300 just in hotels. I probably do that once or twice a month. |
Anonymous
| HHI: 500k - 600k. I spend a lot on antique jewelry (maybe 30-40k/year) antiques (we have $$$$ art), and personal maintenance. Some $ on purses but not that much - I only have 3 or 4 and keep them for a long time. Very little on clothes- I buy almost all vintage, except lingerie and shoes. We travel a lot, maybe 20k/year. Very little on cars, we're not car people. We have very low fixed expenses, such as mortgage, so we can afford some luxuries. |
Anonymous
2 kids. Carolina coast (not OBX). |
Anonymous
Sounds nice! Any recommended times for cheaper rates but still good weather? |
Anonymous
This is so weird to me. I’d buy a $500 blouse, but not fly first class. Never seemed worth it to me for a few hours where I’m fine in economy. |
Anonymous
500K and your regular expenses are too high? What pray tell are you spending on? |
Anonymous
NP here and I'm like PP. I'd never spend $500 on a blouse but always fly first class internationally and have a weekly house cleaning service. It's all about what we value, and it's OK to have different priorities. |
Anonymous
| Our HHI is around $250K and we have two kids in college (private). We started earning late and are scrambling to be able to retire before we’re forcibly put out to pasture. I spend absolutely nothing on “luxuries”, our cars average 15 years old and most of our trips involve driving and AirBnBs. |
Anonymous
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$700k HHI
We spend $20-30k on “luxuries” mostly clothes, purses, and jewelry. Another $30k/yr on travel. 2 kid. Rest of our lives is pretty simple. |
Anonymous
| $350-400k per year. Not into jewelry, luxury bags. 1 car that is 6 years old. Our fun spending tends to go to clothes (no items over 1000), eating out a few times a month, and doing 2-3 vacations a year. We live in a pricey area so doesn't feel like this income goes that far. |
Anonymous
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Jewelry $5k
Designer clothing $15k Handbags $5k, one or two per year Car $75k, just one as we live in the city Vacations $40k+ HHI $850k Our big expenses are mortgage (120k) and private school ($45k). Travel and dining out are important to us and we like to prioritize luxury there |