Reply to How much do you save annually? How much do you spend on 'wants' annually?

Forum Index » Money and Finances

Reply to "How much do you save annually? How much do you spend on 'wants' annually?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]We are saving about 70k a year in retirement including employer matches. Mid/late 30s.

Pathetically not saving much other than that at the moment due to high expenses. But we have a good nest egg from our pre-kid years and much of that is invested.

We spend about 120k annually on things like private school for 2 kids in elementary school and preschool, childcare, summer camps and vacations. Those are our biggest luxuries.

Around 50k on mortgage and taxes. Another 50k slowly doing necessary renovations to our old home, some invisible things like new plumbing and other things like renovating very old bathrooms but doing them nicely. We are almost done and only anticipate smaller projects in the next few years.

Then just life is expensive- we spend a lot on food and restaurants (36k), health insurance (subsidized by employer), gifts for family, charitable donations, home cleaning 2x monthly, utilities, car payments, clothing (mostly gap and jcrew type brands), gas, home stuff at target, outsourcing landscaping, and things for our kids. We rarely go to concerts or spend money on entertainment.

HHI is around 480-500 gross. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics