If your HHI went from $350k to $900k +
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Anonymous
| So far your responses are what we are doing now...basically nothing except saving a ton and we've recently gone on some nice vacations. I think I should probably replace some of our old furniture and replace our 10 year old car at some point. |
Anonymous
| I'd probably increase my lifestyle in 2 main ways -- upgrade to a nicer house and take better vacations. I think that'd amount to maybe $60-70k per year increased spending. The rest (probably $280-290k after taxes) would go straight to savings. Do that for a couple years and you have a lot of flexibility and a lot of options with your life. |
Anonymous
| I’d buy a nice home and make sure and pay it off. I’d also make sure college 529s are taken care of. College and housing expenses are the two largest expenses for most families. If you have those taken care of you can go back to a 350k HHI and it’s all fun money. |
Anonymous
I know my DH would love a nicer house, I would too except I do like our current house and LOVE our neighborhood friends & the kids' school. I'm sure it is not as fancy as my DH coworkers' houses but we don't really feel like we need to keep up with the Jones'. We are definitely doing the vacation and saving thing. |
Anonymous
| I am so jealous OP. Congratulations! |
Anonymous
Thanks, it is a bit unnerving, and a strange feeling. Like it's too good to be true. I guess that's why we just want to save it. |
Anonymous
| Stay in existing home but remodel kitchen and bathrooms (25 years old.) Add screened porch. Increase travel budget from current $10k/year to maybe $25k/year. Invest all the rest. |
Anonymous
If he is in that industry I would not spend I would save because it is one of those careers that it can change very quickly and go to zero income. |
Anonymous
| Somewhat similar position. My dh's salary went from around $350,000 to $600,000 to around $900,000 in about three years (two promotions and underpaid for his industry at $350,000. Kids' college fund is already complete, so mostly just investing the increase. We are spending more on our house which we bought in 2015, and our vacations are more expensive, but really no other major changes. |
Anonymous
Since this industry has its ups and downs, I would sock away as much as we could.Payingof house, shoringup college savings fro children, shoring up retirement. So that if our HHI plummeted in the future, we would still reap the rewards. |
Anonymous
| If our income went to 150/200k I'd be dancing a happy dance. I can't relate.... |
Anonymous
Thanks for posting. |
Anonymous
You're welcome 
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Anonymous
|
I would sock a ton away, then buy a second home somewhere.
But my DH would probably want to spend it on a Porsche and a bunch of gadgets. |
Anonymous
Congratulations! What industry is that where $350K is underpaid? Do tell.. |