Reply to Is 250k a bad salary now for a man?

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[quote=Anonymous][quote=Anonymous]It is a wonderful salary. I could make this HHI work and meet all the goals for our family - SFH, foreign vacations, socializing, cars, tutors, ECs, cleaning lady, 2 kids college.

- SAHM[/quote]

+1, a lot of PPs sound bad with money. Or obsessed with status signifiers that don't actually improve your quality of life (having 3 kids, expensive private school) but will churn through your money.

We now have a bigger HHI but we lived for years in the DC are on about 200k. We took three vacations a year (one to visit family, one domestic, one foreign), upgraded our kitchen, kids took music lessons and ballet and had tutoring. We saved for retirement and college. Kids went to good public schools, we had a nice (but not huge) house in a great neighborhood. We went out to eat regularly and had money for things like Nats games or concert tickets. We only had one care (lived near metro) but it was nice.

Now we have more money than we frankly know what to do with. We give a lot to charity. We stay in nicer hotels now. We set up trusts for kids to help fund their first house purchases. We moved into a bigger, nicer house. I have a personal assistant now. But all of that is extra and we were totally happy and fulfilled on 200k with one salary. I would venture to suggest that if you can't be happy on 250k, you won't be happy on 500k either. You don't understand what is important or how to budget properly.[/quote]

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