Reply to Why is it hard for some privileged people to realize that saving is hard?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It really depends on the person and priorities.  We have always made it a priority no matter our income level.  If you are making over $80K, you should have a few months in savings.  If you are making $120+, you should have 4-6 months minimum.  [/quote]

Same.

We still live in the house we bought when our income was 150k. It is now 750k.

Don’t let lifestyle creep happen.[/quote]

+1 (although we don't make 750k!) We bought our (modest) house when we made 100k, we now make 250k. Almost all of our contemporaries have "traded up" after pay and family size increases. However, we have stayed put since making more and having kids. As a result are savings are very healthy. In fact, our monthly bills are now lower now than before we had kids. We drive older, paid-off cars, etc. But we have much more flexibility and less stress. Would not trade that for more square footage or fancier finishes.

I agree, it's hard to save. And when we first set out to achieve our goals, I was skeptical that we would be able to do it. I had student debt and no savings at all in my late 20s. My spouse and I had to be extremely disciplined in order to get to this point (saving for down payment, paying off student loans, figuring out childcare options, etc.), it definitely wasn't "fun". There were a lot of things i would have liked to buy or do, but did not because we had set a budget and it did not include those items. But looking back 10 years later, it has been so so so worth it. [/quote]

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