Reply to Family of 5, appx $300K HHI - would you do anything different?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Here are two concrete things that have happened.

1) oldest kid got asked his intention for an activity  for next year and he asked me what I thought and I said - well let’s talk realistically about your schedule next year. Are you going to move to swim 5 days a week (his only option next year at his current club) and he said no, he’d rather switch to a cheap summer pool 1 day a week winter option.

2) I decided to learn my various login / passwords starting with one account a day. 3 codes and 1 password change later I logged into some savings account that had 2 retirement accounts and a health savings account with $1000. [b]And I said to my husband - what is this health savings account and he said - we can call the bank and find out how we can spend that on healthcare expenses.[/b] And I said yes, let’s do that.

I could tell you the retirement account total there but I know that’s not the end of the retirement money question. We have more accounts somewhere. [/quote]

You get a debit card to that account and you pay your qualified health expenses (provider bills, prescriptions, etc.) from that account. The money goes into that account before taxes, and it is not taxed when you pay it out. So it’s like a 25% or so discount on all your health costs.

What do you two do for your jobs, honestly?[/quote]

I’m going to call that bank today. Without divulging too much info I feel like I do what most people on this board do. He is a teacher for one job (that’s the salary that gets deposited into my account with most going to retirement and his side hustle that used to be his full time job but now is nights / weekends / summers is too esoteric to get into and anyone who knows us would know this is me LOL).

I got married in 2006 (age 25), had my first kid in 2009 while in grad school and I actually didn’t graduate / start earning money until 2011. At which time I was trying to juggle working and 1.5 year old. Then I subsequently had 2 more kids and I’ve basically been in survival mode since then. I might have thought I would get my act together once the youngest turned 5 but then the pandemic happened and I’m only just now recovering from 3 ES kids in virtual school for that year (6th, 3rd and K). I literally may never recover from that year. So this is my excuse for not having my act together. How do you all have your acts together???

I also try to exercise, spend time with family and friends, volunteer for the kids’ things, and also try to declutter the house from the past 10 years in my spare time. Maybe I’m doing it all wrong ?!? Lol. [/quote]

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