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Reply to "How much do you save annually? How much do you spend on 'wants' annually?"
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[quote=Anonymous]We have a target to save 40%-45% of gross HHI this year.. 750K HHI so roughly around $300K-350K total savings. The catch is that most of it will be tax deferred account "DCP" that the employer provides plus max two 401K and some backdoor ROTH. With the similar HHI, last two years we saved $300K (but most wasn't tax deferred) as we were not able to elect for DCP. Our primary home mortgage and taxes are $2.5K per month in an MCOL area. Two kids in public. As far as splurge, we spend a ton on vacations, but use miles and points to offset some of the costs. Once we meet our saving target we don't really budget anything. It is actually helpful to take almost everything out of our paycheck for savings and then we just use vested RSU's (part of compensation) for our regular expenses [/quote]
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