Reply to Scraping by on $500k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I make about 250K per year, 3100/month mortgage, 3000/month childcare for 2, don't feel stretched at all.  We each max out our 401ks (as in, 18,000 per person).  We save money in 529s and in taxable investment accounts.  We have 40K in student debt left (for me) at under 3% interest and a very low payment.  No car payments.  Unlike virtually every other person in our age bracket/social circle though, we aren't larding up a HELOC trying to frantically renovate every inch of our house.  No wonder people feel stretched.  My circa 1999 kitchen and baths are cheap and they work.  I [b]never watch HGTV[/b].[/quote]

This.[/quote]

I do feel stretched (in somewhat similar financial situation) partly due to the need to do home renovations. But in our case, we are talking about renovating bathrooms from the 1950s that are in bad condition and reconfiguring space to meet our families' needs. I don't watch HGTV and would probably we just fine with kitchen and baths from 1999. [/quote]

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