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[quote=Anonymous]My wife and I just talked about this the other day on a long car ride. We grew up poor and I struggled more with early adult finances because I was on my own before I turned 18. We now have a HHI of over $450k. But you would never know it. We still buy our clothes at Walmart or on sale at Macy’s. We stay at Red Roof Inn level of hotels. We live in the first house we bought when we decided to have kids. We spend $2600 annually on outsourcing our cleaning and that’s the extent of our outsourcing. We only buy used cars.

Things we splurged on:  travel experiences (though we do it cheaply by camping, staying with family and staying in cheap hotels and buying sandwich food instead of eating out; mental health care for one of our kids that has serious issues and there is no expense spared there; regular dinners out but inexpensive ones; kids’ activities; gifts that make our family feel special (but that isnt a big budget line item - it’s just that spending a few hundred dollars on a gift feels expensive ); a $3600 annual family gym membership; and a second home (annual cost of which is 1/3 of what our daycare bill was back when we had a daycare bill). We also have Amazon Prime which allows us to get dog food delivered and that feels so decadent.

I know having a second home is a big deal but people over estimate the cost. Our major expenditure that only people with resources can afford is the mental healthcare for our child. We are so grateful for this privilege.

My kids who are of driving age bought their own cars - we don’t give our kids cars. My kids who are of working age all have jobs.

My wife’s sister is the same - significant  HHI after both she and her husband growing up poor and still live way below their means.

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