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Reply to "Life is Easy in NW DC on $300k, AMA"
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[quote=Anonymous][quote=Anonymous]I don't think $5K per year to charity on an income of $300K is the least bit generous. We have a similar income and two kids but we give around $15K which I also don't consider enough or particularly generous. We are so privileged and fortunate. $5K? Good grief.[/quote] New poster. I wouldn't have said anything if you'd simply said "We give to charity about $5k per year usually." But you specifically added "an amount that I think is generous." We're also at the same income, similar children ages, similar mortgage costs, etc., and have been gradually upping charitable giving to $15,000, which is still only about 5% of our gross income. One recommendation (https://www.thelifeyoucansave.org/take-the-pledge) is 7.5% at that income level.[/quote]
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