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Reply to "Scraping by on $500k"
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[quote=Anonymous]I don't think anyone can be truly "scraping by" with a $500k HHI, but I can understand that you may feel that there is not much "cash" left to throw around after all expenses are taken care of. We make an HHI of $300k, but between mortgage in an expensive city, education savings, retirements savings, daycare + nanny for 2 kids (we work long hours so need more care), student loan debt (if any), there is certainly enough to cover all basic, discretionary expenses, but not a whole lot of room for luxury (granted, we do throw A LOT into retirement and have a sizeable emergency fund). I think the "scraping by" feeling comes from expecting to have a ton of cash to throw around at $500k HHI but realizing you "only" have $1,000 per month left over to spend on luxuries - which won't buy you a chanel or lambo or Bora Bora vacation every month. [/quote]
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