Reply to Yes, tiny violin - did anyone else struggle first years of law partnership?

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[quote=Anonymous]My DH is a 4th year partner, I work FT, and cash flow is something we manage carefully. Honestly, DH makes low 7 figures but I keep working on part because my income ($200k) and benefits are what allow us to not be super tight with our cash flow. The quarterly tax payment in June is the tightest because it’s also when private school tuition is due, and we have prepaid all the summer camps for the kids.

I will just say that you should probably be more conservative with your income moving forward. It’s not just the cash flow - if you spend all you make, then you have golden handcuffed DH also came from government, and we are aggressively saving because while he loves his job, it’s a grind, and he may not want to do it anymore one day. For us, we have a house mortgages payment we can manage on $400K income (not crazy if I am also working). Private school tuition is our current golden handcuffs - DH knows he has an out in about 3 years when we have to pick to do public for high school or not. Then he’s stuck again for 6 years until the youngest finishes.

I also haven’t quit my job so that we don’t have golden handcuffs. We have 3 young kids, so juggling is hard, but working means more options for DH in the future. [/quote]

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